The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Non stock or bond IRA investing? Date:  3/12/2000  10:24 PM
Author:  chriscioffi Number:  20044 of 106074

Hello Fools!

I have an opputunity to do purchases contracts at a discount to face value. My Dad own a buy-here-pay-here car lot, and sells cars at 18%+ interest. (Say what you will, but on this side the rates look great!) I can buy contracts from him at a 25% discount, with recourse. Safe, easy money... the taxes are killing me.

Now... can I structure an IRA so that I can buy those contracts from within an IRA and not have to worry about taxes for a long time? Being able to compound 23-25% returns adds up real quick.

I'd like to move money in from a roll-over IRA to kick start the thing going. So, is this idea Foolish or foolish?

Copyright 1996-2022 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us