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Author: Donna405 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75880  
Subject: Re: Using IRA for trading Date: 2/17/2000 8:04 PM
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There are a lot of highly volatile but interesting companies I would like to take a position in, but only for the short term, as I think their long-term success isn't certain. Wouldn't it make sense to buy these companies using money from an IRA?

I'm 55 and doing just that. I have two IRA's, one a SEP-IRA for my company and one a Roth IRA. I am using the Roth to trade, except for the 5 shares of NOK I bought the other day. If I lose the money, it's my fault, but so far so good. Like you, I wanted to invest in some speculative stocks (bio-techs), but am keeping a close watch. With the online Roth, I can easily place a stop order for 1/2 of the stock and hold the remainder.

Donna
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