The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  https://boards.fool.com/ltthe-minimum-initial-deposit-is-just-1000-10575655.aspx

Subject:  Re: value basis for securities added to IRA Date:  2/4/1999  1:18 PM
Author:  gp703 Number:  8339 of 104348

<The minimum initial deposit is just $1,000 ($2,000 for margin accounts) in cash or securities. If you are not ready to open and fund an account, sign up for a free membership. >

In this case, E*trade is talking about transferring securities from another IRA or qualified retirment plan. You can't open up an IRA and give them securities -- it has to be in cash.

GP
Copyright 1996-2021 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us