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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )
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To: crh02 who wrote (2329)10/15/1999 10:45:00 PM
From: Colin Cody  Read Replies (1) of 5810
 
Rather than draw down your margin account for personal expenses, necessitating an allocation of the monthly interest, forever more, you might consider SELLING an investment and taking the NON-margined proceeds (generally the profit plus 1/2 the original cost) and drawing that specific amount out for personal expenses.

If, later on, you wish to re-purchase that same security using new margin availability, be my guest.

Colin
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