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Author: rrosenkoetter One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75376  
Subject: Re: capital gains/losses in ira accounts Date: 12/31/2005 8:50 PM
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However, be careful what you do in your IRA. NEVER "play" with more money than you can afford to lose! Don't be like some of these idiots who dump ALL, or a lot of, their money into some one stock, for example, only to see it evaporate! Stay diversified, but I'd sure as heck NOT waste time trying to invest in "tax-free" things WITHIN the IRA!

I've sometimes even day traded with a small portion of my IRA money, making as much as $1,000 or more in as little as half an hour a few times


How can you say in one paragraph not to gamble with large amounts of your IRA, and then in next paragraph talk about making $1000 in a half an hour...

You need to quantify that $1000 by explaining how much you risked and what percentage of your total IRA it was...

I find it hard to believe you ever made more 2-3% in 30 minutes which means you must have gambled $30,000 to $50,000 at a time on a single stock. You need to point that you have a million dollar IRA (or whatever) to put it all in context.
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