The 1 Stock You've Been Overlooking for Your Roth IRA

A key advantage of a Roth IRA is that it allows you to rack up investment returns without worrying about the tax hit that comes when you withdraw from a traditional IRA. That advantage becomes more powerful over time as the stocks that populate your portfolio accumulate gains that (hopefully) grow to many multiples of your original investment.

Ideally, then, your Roth IRA will be tilted toward healthy businesses that enjoy large long-run growth opportunities. The returns these stocks generate might be accelerated by a management team that prioritizes direct cash returns in the form of stock repurchases and a rising dividend payment.

Home Depot (NYSE: HD) delivers all of that, and more, to investors, which is why I believe it would make a great candidate for your Roth IRA.

Source: Fool.com