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Probably not being that you need a margin account to short a stock.
-----Original Message-----
From: Bill Saxon <bsaxon@xxxxxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Monday, November 02, 1998 9:11 PM
Subject: Re: Trading IRA accounts?
>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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