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Author: Raggmopp Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 86561  
Subject: Re: Hello everyone! Date: 4/30/2012 6:36 AM
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why I should have an ira
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One of the bestest things about an IRA is the ability to avoid the wash sale rule on a signal you've called wrong. Let's say you've pounced too early on XYZ Corp and have been stopped out. In a normal account you couldn't buy the stock back for 31 days and realize the loss but in your IRA you could buy it back tomorrow (assuming you get a buy signal) amd badda bing badda boom you're off to the races.
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