The key to making an IRA grow is finding investments with the most potential for capital appreciation. Employees at Bain Capital, including presidential candidate Mitt Romney, were able to multiply their IRA balances through a strategy involving dual classes of stock. One class offered reasonable terms. The other offered substantial risk, but larger rewards. When the right deal came along, they put the high-reward shares in tax-favored accounts. Ordinary investors don’t have access to dual classes of shares, but they do have the ability to use high-risk, high-reward investment vehicles like options and leveraged ETFs. However, using options this way requires finding a stock that continuously defies the investing world by beating expectations repeatedly, pushing shares upward quickly over short time periods. Even before that, an investor must be comfortable with the possibility of losing their entire retirement nest egg.
One of the recorded votes on amendments was on a jab at short-term health insurance.
The United State is not near the top of this list.
Organizations in the mix include Sun Life U.S., LifeQuotes.com, Allsup, Cigna and MetLife.
Sponsored by Fidelity Investments
Get insights into the mindset that’s driving today’s advisors to make a move--and help realize their unique business vision.
Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!
- Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
- Exclusive discounts on ALM and ThinkAdvisor events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.