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I am an F-1 student at the university of Illinois.I have been in this country for about 4 months.So I am a non-resident alien.I don't have any of these retirement accounts and my employer is the University which has given me a research assistantship.Could somebody tell me about the tax implications of my investing in the stock market and how I can save on it.The money is entirely mine and I have no relatives in the States.I have never invested before.
I am planning to choose Waterhouse as my discount broker.Hope that is a foolish decision.
Thanks a lot.

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