No. of Recommendations: 0
Rupee,

the main problem that I see in your strategy is that you are buying and selling a lot. Commissions come from within the IRA so you are diminishing the value of the vehicle by trading. Granted that this becomes mute if you make a huge gain on sale, but that in reality is not that often. One only has to look at the percentage of day traders who are losing money versus the ones who are making money to see that it is not really suited for your long term retirement funds.

Are you comfortable betting your retirement against the trading strategy?

Jenn
Print the post  

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement