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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: Re: Foolish Roth Date: 12/13/1998 4:22 PM
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Greetings, Clay, and welcome. You asked:

<<I hope this isn't one of those questions that has been answered over and over, but my lack of time and not always having a computer handy doesn't allow me to fully explore the message boards. If I choose to contribute to a self directed Roth and make it Foolish, will it be possible to sell and purchase stock every year when the foolish four changes without additional tax penalties? Are there discount brokers that allow this? The few that I've investigated have found it to be a problem when I mention selling stock in a Roth. I'm a new fool with a small foolish portfolio, but would like to take advantage of of any Roth benefits. I may not even be asking the right questions. >>

Yes, it's possible to trade without taxes or tax consequences using a Foolish Four portfolio within a Roth IRA. You simply set one up as a self-directed IRA with the broker of your choice. All brokers know what a self=directed IRA is, and I know of none who don't allow it. Maybe you've been phrasing your questions to the wrong folks or asking it incorrectly.

Regards....Pixy
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