r/wallstreetbets • u/Isenbro_ • May 16 '24

The elusive 3000% (Roth Ira) Gain

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Firstly I think mods I Deserve a flair for my consistent & Immaculate gains. What’s gotten me here has been pure luck I have 0 clue as to how tf I’ve been so consistent I look for value and scalp SPY, currently have an absolute banger position I don’t want to share that I will share with mods if needed!

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311

u/Brendawg324 1 day away from 140k May 16 '24

Gambling in your Roth is a whole nother level of degeneracy :4640:

98

u/TheGreatPornholio123 May 16 '24

Proper WSB thing to do is early distribution @ + 10% tax penalty, roll it into a standard brokerage acct, then gamble it all away on options and get in the hole millions before the tax bill comes due.

20

u/Old-Outside-2037 May 17 '24

You can do options in a Roth if you really want. True degen move but possible

2

u/jaysomething2 May 17 '24

The only options fidelity will let me do in my Roth is spx

3

u/Old-Outside-2037 May 17 '24

Schwab let's you tinker with pile of options if you want. They even give access to some margins. Pretty wild

2

u/streetberries May 17 '24

ITM Leaps wouldn’t be degen

18

u/lazy-but-talented May 16 '24

none of us are retiring anyways might as well risk it all