Quote:
Originally Posted by ChiliConCarnage
Oh sure, lots of stocks are up a ton. There are quite a few speculative type things that are up 100+ since the election basically.
It's just his entire IRA must be allocated that way. It'd be one thing if he started it last year and it was his first 12k. The inception date on the IRA is 2008. I'm amazed. I don't have the risk tolerance for that. I just do almost all index funds and don't look at my retirement accts. I don't even have the apps on my phone lol. Just my taxable brokerage accts that I play in. Even half of those are just funds
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Yeah, I was wondering if he's still contributing to the Roth, which I think would push the returns up a lot. I think (not sure) that some brokerages control for contributions and other brokerages just divide the total by the Jan 01 balance. But since he has a 2008 start date, it seems like he's having a good year regardless.
I have a Roth account that's up 267 percent this year, but that's only because it's two years old and I put about half of my salary this year into it.
But it's possible to double your money in a year. I have a friend who picked exactly the right stocks about five years ago and concentrated his holdings in them. He was up over 100 percent in 2018 or 2019, and he had significant investments. (He lost his a** the next year when they all went down, by the way, but still ended up winning big over the two-year period.)