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Political Discussion
Reply to "Romney's 100 mil ira"
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[quote=Anonymous]Well, his business was managing a hedge fund. At some point he is issued shares in a company, and that company is very early stage. So maybe a stock is worth pennies because it is new, or because it is in bankruptcy, etc. That stock could grow from $1 to $30 very quickly. A guy like that also has lots of losers in a portfolio (ie stocks that become worthless). But he gets to pick and choose which assets belong in an IRA. So I guess that would be the way to do it.[/quote]
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