yes, you can trade almost anything as long as the broker offers. I trade options in Roth weekly. Fidelity didn’t offer futures but I was told I can trade bitcoins.
At Schwab and Fidelity, I will buy ETFs then do covered calls on them... It can not be a master limited partnership in my Roth...Example USO.
I did a Roth conversion a few years ago. My current employer now offers Roth 401 which does not have income restriction on being able to contribute. I'm maxing that now.
%% Another solution , do a bit a over years/scale it. IN USa they are trying to raise taxes again \ that could greatly change in November.....
I'll just add this to why (now and in the future), you want to have a lot of assets, but very little income. Grow your assets...Not your income. https://ktla.com/news/local-news/california-power-companies-roll-out-fixed-rate-bill-proposal/
based on your long term view, your assets maybe wiped out like SVB, better have an escape hatch somewhere else outside the home country.
I'll share some of my holdings...Very boring companies, outside the US. I buy these for security...Not even for income or growth. Just my style...Diversified assets. Please feel free to invest in these...Help my portfolios (trust and Roth)!! GMAB, GSK, GNC.AX, IPH.AX, CDUAF, BBCA, EWA, RING, THD, FICDX, BRDCY, NVS, FJTSY, EWY, RBHLY, EWC, PCRFY, BP, TRYIY, TEVA, VPL, FEM, also many mutual funds with foreign companies in them. When the government comes looking...No income here. We'll move on... I'll give you one last example of asset vs income. For our third vehicle, we own a 2005 Chevy Colorado. We bought it new in 2005 for about $10,000. During the middle of the pandemic (when cars were in short supply), I could have sold it for $10,000.!! Yeah, I know most cars/trucks depreciate and are a poor investment (none at all). But sometimes, they can be an asset that holds or retains good value while being used. Think of a Honda Civic and the resale value of it after you bought it new...Use it for 5 years and 60,000 miles. Great ride and good asset to sale for value later in life. Just how I think...
Yeah, I would do that if I was younger. At my age, it's more estate planning. You start to have the government looking into your affairs if you own overseas. I'll collect silver dimes, rather than own outside even my own state. In every state you own property (when you die), you have to file probate in that state. Can you imagine clearing an estate with property out of the country!!