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You can trade stocks, buy gold, write covered calls against stock you own. Loss are loss they reduce the amount in the SEP IRA. Contribution are contributions they give you a tax reduction each payperiod or year.
If you are self employed or sole proprietor you are limited to the amount you can invest it is not against revenues, it is against AGI less SEP tax. You don't get 15% contribution in SeP IRA because of the 1/2 SEP write off. You get aroung 13.4%
If you are the trustee and you have employees you must provide them a SEP IRA also. So if you pay anyone and provide them a W-2. You must make SEP IRA avaiable to them. not yours. But you must provide them the same investment opportunities.
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