If you feel strongly that CYDY's stock will trade
Post# of 155488
(Total Views: 755)
Posted On: 10/24/2020 3:01:49 PM
If you feel strongly that CYDY's stock will trade significantly higher, say 10x, 20x, 30x, etc. from where it is now, and, have your shares in an IRA a/c, you should consider doing some financial engineering. That is, you should convert the CYDY portion of your IRA a/c to a ROTH IRA a/c.
When you do this you will have to pay taxes on the market value of the CYDY shares at the time of conversion to the ROTH. Thereafter the a/c is tax free.
With CYDY trading as low as it is now, this is the time to act on this, ie..the market cap will be lower than it's been recently, hence, you will be paying less tax. Also, keep in mind taxes in the near future are likely to go up....better to pay now.
Many years ago I bought into a "can't miss" natural gas/crude oil royalty partnership with a good portion of my IRA. I immediately converted that portion of my IRA to a Roth. This investment paid off way better than in my wildest dreams I could have hoped for. All tax free.
Today, I own a ton of CYDY, spread over my ROTH IRA, my IRA, and, my regular brokerage a/c. Most of it in the ROTH, so if and when I withdraw it will be tax free. .
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When you do this you will have to pay taxes on the market value of the CYDY shares at the time of conversion to the ROTH. Thereafter the a/c is tax free.
With CYDY trading as low as it is now, this is the time to act on this, ie..the market cap will be lower than it's been recently, hence, you will be paying less tax. Also, keep in mind taxes in the near future are likely to go up....better to pay now.
Many years ago I bought into a "can't miss" natural gas/crude oil royalty partnership with a good portion of my IRA. I immediately converted that portion of my IRA to a Roth. This investment paid off way better than in my wildest dreams I could have hoped for. All tax free.
Today, I own a ton of CYDY, spread over my ROTH IRA, my IRA, and, my regular brokerage a/c. Most of it in the ROTH, so if and when I withdraw it will be tax free. .
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