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Author: penguinchan Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: Re: To invest or not to invest Date: 12/27/1999 5:49 PM
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Many thanks to rustedSoul, Bob78164 and JohnnyX for your replies to my quiery. I'm still not 100 percent clear as Bob writes I'm not eligible for an IRA (due to my exclusion), but Johnny and Soul say that the Roth IRA is best for me.

I don't have any "income" I claim apart from interest from bank accounts (which has varied from 500 USD to 3000 USD in recent years). Does my interest income, (which I do claim but it falls under my US deductible, so no need to pay out) count as something I can put towards a Roth IRA?

Remember, I have 45 percent in an entirely (exchange rates aside) safe investment (in a British building society...like a savings and loan). The rest I have in the US market, high risk tech stocks that have paid off nicely the last year (I'm up around 70-85 percent this year). Part of me is very conservative..ie, the savings account..which includes my wife's money. And the other half of me the "high-risk, I'm young-can-afford-to-lose-it-I'm-still-only-36 stock investor." Would the Roth IRA (if eligible) suit me?

And IF I buy a house in the US within the next three years, would this be to my advantage? As a property owner in the US, my tax base (and filing..and the need to possibly file state taxes) would change, especially if I rent out any home I might buy.?? Could I put any future rental income into that IRA?

Oh so confusing.....ahhhhhh!! I've been lucky to save a bit in my 30's...I just don't want to blow the future by making the wrong decisions now.

Many thanks your info folks...it's sometimes so hard to get info while overseas.

cheers,
p-chan
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