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You can also write covered calls.
----- Original Message -----
From: Christian Baude <BAUDECB@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, April 25, 2000 7:29 PM
Subject: Re: Brokerage firm question???
On Mon, 24 Apr 2000 23:17:38 -0700, you wrote:
> We're looking for a brokerage firm that will let us go short in our IRA
> accounts. I seem to remember seeing posts here about that topic.
Hi Guy,
You cannot go short in an IRA. These are treasury regulations (e.g.
IRS). However, and I've not done this, but you could check into it,
you can BUY short mutual funds, effectively increasing in value when
the market goes down. There is a bear fund and an ultra beard fund,
which is leveraged by about 1.5 - 1.8, thy claim 2x but it really is
not so.
The IRS allows that, in that you are BUYING into a fund. It just so
happens that it goes up in value as the market goes down, and vice
versa.
-= Chris ß =-
"Put all your eggs in one basket and then WATCH THAT BASKET!"
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