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| Subject: Trading in Retirment A/C | Date: 8/6/2006 10:35 AM | |
| Author: DreamsUnlimited | Number: 52950 of 76621 | |
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On top of my regular brokerage account, I recently opened a rollover IRA and planning to do some investing and trading in it. On top of my core holdings (mutual funds & some stocks for long term)in the IRA, I am planning to use a fraction of my portfolio to trade in stocks that generate some cash. I am planning on using this retirement account for some trading for the following reasons. • I can trade as much as I want and not worry about the year end reconciliation and paying taxes. • As I think I am 25 years away from retirement, I can afford to be a little aggressive in trading. • Whatever cash I generate can grow tax deferred for long time. The reasons why I don't want to trade in my regular brokerage account: • As I want to liquidate some positions and use the cash in 3 to 5 years, I don't want to trade here. I just invest in some sound companies and sit tight. • Taxes will be significant on short term trading. Any thoughts/advices on my strategy? Also are there any special strategies to go about in retirment accounts? TIA. -DU |
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