Tim Daneliuk wrote:
On 08/21/2012 01:40 PM, dadiOH wrote:
Tim Daneliuk wrote:
On 08/21/2012 07:49 AM, Han wrote:
snip


Two for instances.
Romney has amassed over 100 million in an IRA. Supposedly IRAs are
limited to something like $6000/year in contributions. Not sure
when the IRA system was started, but let's say for argument's sake
45 years ago. That would mean (if I am correct) that Romney's
45x$6000 or $270,000 had a phenomenal yield. But then, he could
have transferred more than $6000/year?

This is trivial to explain: He used a self-directed IRA - probably
set up by Bain - wherein his contributions were invested in Bain
deals. This is common among investment banks wherein the employees
want to share in the risk/reward. If the deals were successful (as
we know they were) there was probably huge returns associated with
these contributions,

Bain is private but it must have investors. One wonders if those
investors realized gains as large as Romney's.


Um ... you need to examine how Private Equity firms work.

I know how they work. I just wondered if the investors % returns aproached
those of Romney.
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Again, I fail to understand this visceral hatred of wealth.

I don't hare it, I'm quite fond of it.

--

dadiOH
____________________________

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