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Tricks to double your Roth IRA and traditional IRA every year
Think about it. If you could double your Roth IRA (or traditional IRA) every year, what will happen? Simply put in fifteen years you will retire with billions.
The biggest question is how can you double your Roth IRA every year?
Here are some interesting tips. First, consult your CPA if you can contribute to Roth IRA and how much can you contribute. It is a wealth-building tool for the middle –class. Every year you can contribute $4,000 if your income level is below certain limits.
Choose an independent IRA trust that allows you to invest in futures and options. A futures and options broker can provide you some names. Make sure you select a discount futures broker. Funds are by law kept in customer segregated accounts – it does not make any sense to pay fat commissions to well named brokers.
Use deep in the money option put spreads or call spreads where a commodity completed a bear cycle. You want to collect the premium assuming nothing major happens to this commodity. The margin requirement will be very little. Out of ten trades, you will most likely make good on eight. One will go bad and another slightly bad. Stay 50% invested in terms of margin requirements.
Be disciplined and do not try to gamble by taking the hedging option out. Remember IRA investments are supposed to be conservative. People who make money in any investments need two things. First you must be patient and avoid unnecessary trades. Second, make sure time is on your side all the time.
You will not have to worry when the stock market will crash!
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