Peter Thiel Took $1,700 and a Standard Roth IRA Account and Turned It Into $5 Bi

When somebody starts talking about a Roth IRA, your mind probably conjures up images of index funds, slow growth, and a comfortable retirement home. Well, billionaire Peter Thiel had a very different idea.

Instead of treating his IRA like a simple retirement vehicle, the PayPal (PYPL) and Palantir (PLTR) co-founder took advantage of the account's tax-free growth to purchase pre-IPO shares in startups that turned out to be major household names. The result: Thiel managed to turn just $1,700 into a fortune worth roughly $5 billion.

Mark Cuban Says There Are Some 'Greedy Blood-Sucking Business People That Will Do Anything for a Dollar' But 'Eat the Rich' Only Helps Politicians

Stocks Erase Early Gain as Megacap Tech Stocks Retreat

Stocks Settle Mixed on Apple Weakness and Chipmaker Strength

Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!

This has to be the best investment return ever achieved in a retirement account, and it's definitely something everyday savers and investors can try to replicate.

Before you get too excited, let's manage expectati

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/peter-thiel-took-1-700-182734996.html)