The Secret Of Roth IRA's & Investing

This is why I use my Roth IRA for very risky investing, and this is the same strategy Peter Thiel used to have billions of dollars in his Roth IRA and Mitt Romney used to have hundreds of millions of dollars in his Roth IRA, all tax-free. Now, most people use a Roth IRA or an investment account to slowly grow their investments till they're 65, then they can retire on a 401, right? But the benefit of a Roth IRA is if you get big gains, you don't pay taxes on any of those gains. So what people like Mitt Romney and Peter Thiel did, they would contribute their normal amount, which is usually less than $50 grand a year, but they made very risky angel investment bets. And some of those bets turned from $50 grand to $1 million or $2 million. And what they did is they left them in the Roth IRA, then reinvested them into more angel startups and they got even bigger. They turned into $10 or $20 million. They then did it again to the tune of Peter Thiel having over $2 billion in his Roth IRA, 100% tax-free.