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Can you short a stock with IRA money if there is no margin involved?
-----Original Message-----
From: UG <ug@xxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>; Randall_Gary@xxxxxxxx
<Randall_Gary@xxxxxxxx>
Date: Monday, November 02, 1998 7:02 PM
Subject: Re: Trading IRA accounts?
>Randall_Gary@xxxxxxxx writes:
>
>> Can somebody tell me where I need to look to find out about rolling
>> IRA accounts into a trading account?
>
>I'm not sure I understand your question, but you can have an IRA
>brokerage account, sure; I have one. I rolled a 401(k) into an IRA at
>Fidelity and am trading with it there. I don't _know_ that you can, but
>I suspect you can just as easily roll an IRA into another IRA (with no
>tax consequences), wherein the latter is a brokerage account.
>
>> I understand there is a percentage limit on how much of the IRA can be
>> risked, and that it can only be risked on long trades.
>
>Never heard of that percentage rule; I'm sure Fidelity would let me
>throw my entire account away if I were so inclined.
>
>As for the the long/short trades, IRA's cannot be involved in anything
>that requires margin. You may buy options, or write COVERED calls, but
>not sell puts, naked calls, nor engage in short-selling. The rationale
>there is that if you are at all margined, you are borrowing money to do
>so, which is verboten in an IRA.
>
>--
>========================================================================
>2) Truck deliveries that normally take one day will take five when you
>are waiting for the truck. 3) After adding two weeks to the schedule
>for unexpected delays, add two more for the unexpected, unexpected
>delays. 4) In any structure, pick out the one piece that should not be
>mismarked and expect the plant to cross you up
>http://www.unixgeek.com/cgi-bin/motd.pl - PGP email preferred
>
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