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Author: jrr7 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75653  
Subject: Re: Maybe OT: Account Disclosure Date: 2/14/2002 12:09 PM
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Therefore, short-term, "in-and-out" or highly leveraged trading should generally be avoided.

I'm wondering who is going to define investment vs. speculation. Does this mean I can't trade on margin, or use options, or even LEAPS? I don't, but could I if I wanted to?

Looks like they almost defined it. Short-term probably means of a month or less. Highly leveraged probably means buying puts without owning the underlying stock, or buying calls without actually buying the underlying stock when it's over, selling uncovered calls, using margin on highly volatile stocks, or trading in forwards or futures.

You *COULD* do any of these things, but to do so would invite unpleasant attention.

401(k)s and retirement accounts that you don't have direct control over are not reportable. There are some self-directed 401(k)s out there where you get to choose individual stocks; they would be reportable. Self-directed IRAs would be reportable; IRAs at mutual fund houses would not be reportable.

incredibly intrusive
Par for the course for anyone working in high finance.
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