Many Americans have found Roth IRA accounts to be an appealing savings tool in recent years. If certain conditions are met, Roth IRA accounts allow tax-free growth and tax-free money withdrawals. The true worth of these accounts is in their ability to be used as a retirement account. Peter Thiel, a billionaire, grew a $2,000 Roth IRA account into a $5 billion one by 2021. These accounts provide annual returns of seven to 10 percent on average. On June 24, ProPublica published a piece explaining how he converted the account. Thiel used his investment acumen to make the unthinkable feasible. He bought shares in his business PayPal when they were still inexpensive in 1999 and used a Roth IRA to defer taxes on the gains. Since the report’s release, social media platforms like Reddit have been bustling with Thiel-related mentions.
Here is Insider Monkey’s list of the 10 best Roth IRA stocks to buy according to Reddit. According to Reddit, NIO Inc. is ranked tenth among the finest Roth IRA stocks to purchase. Over the last few months, the stock has returned more than 437 percent to investors. It is a Chinese electric vehicle manufacturer. According to Reddit, Plug Power Inc. is the ninth greatest Roth IRA company to invest in. Over the last year, the company’s stock has provided investors with profits of more than 260 percent. It’s a hydrogen fuel cell systems company that specializes in energy. According to Reddit, Teladoc Health, Inc. is the sixth greatest Roth IRA stock to invest in. Over the last four weeks, the healthcare company that focuses on virtual care has returned 12 percent. It is a primary care-focused healthcare company. According to Reddit, NVIDIA Corporation is the eighth greatest Roth IRA stock to invest in. In the past year, investors have received a 112 percent return on their investment in the company’s stock. It manufactures and sells hardware for use in visual computing and other applications. PayPal Holdings, Inc. is the sixth best Roth IRA stock to buy on the list. According to Reddit.com’s search engine, the stock has returned 63 percent to investors in the last year. PayPal paid almost $2 billion for Zettle, a Swiss company. For more details, click 10 Best Roth IRA Stocks to Buy According to Reddit.
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