Our content is fact checked by our senior editorial staff to reflect accuracy and ensure our readers get sound information and advice to make the smartest, healthiest choices.
We adhere to structured guidelines for sourcing information and linking to other resources, including scientific studies and medical journals.Just about everyone's heard a fable about someone's distant friend of a friend turning a tiny investment in the stock market into a fortune in a few decades—and has cursed fate that they didn't show the same kind of vision and aptitude.
However:"The price at which Theil was able to get for these shares is borderline scandalous," says Beckett."It was all done within the safe haven of a Roth IRA. Thiel could sell the shares tax-free and move his investment into other opportunities. He had found a tax-free investment vehicle for his entire working life, which catapulted his wealth. The only caveat is that he can't access that money until he is 59-and-a-half, in 2027.