Replies to post #83414 on MATRIX Penny Stocks

[cats]

absolutly not. Because you are putting in already taxed money. and you can grow it to millions and pay no taxes. That is what I did. I started a roth IRA last month with $9000 which was a transfer from my regular ira. I have to pay taxes cause I took a distribution from the regular ira.Now that $9000 in my roth ira, say I buy a stock @.05= 180000 shares and it goes to $15.00 X 180000 = $2,700,000, I can withdraw it and not pay taxes on it. That is why you should open a roth ira instead of a regular ira. So if you know of a stock that is .05 and that will go to $15.00 please let me know. Lol. Hope this helps. Cats