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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Herm who wrote (11874)	11/21/1999 2:38:00 PM
From: jaytee	Read Replies (1) of 14162

Herm: One quick question. I have been looking for some time now (back over 4 months worth of posts) for a comment you made that is of great interest to me, and perhaps others. You talked about capital gains, etc. . . . but you alluded to your use of CC's in your IRA ACCT.? Specifically, and in lieu of a regular brokerage account. So that you were able to defer taxes, if I recall correctly. And SAVE "X" percent in taxation (legally, of course)all the while KEEPING a larger share of your profits. And making that additional "kept" profit working for you. And you said that there was a way to BORROW against that account . . . in effect pay your self an interest rate of , let's say 8% on the amount for a term that you laid out of "X" years. THIS IS THE PART (THE BORROWING/OR LOANING PART) that I would be very appreciative to hear again. COULD YOU PLEASE REPLY/ outlining (better than I have here) what is possible for us less informed ones to consider as a better mousetrap to catch more profits. . . increase my KEOUGH or IRA potential . . . and to enable me to put down my hammer some day and actually retire. Hope to here from you soon. TIA jaytee

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