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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (73065)	1/8/2000 9:42:00 AM
From: re3	Read Replies (1) of 132070

michael, up here in our 'ira' we are only allowed 20 % foreign content and in addition , the law says we can't hold foreign cash in it... did you know, once i sold one american stock in mine and bought another and the brokerage nipped me on the currency,i.e. i paid a higher rate to buy then to sell. the trades were done simultaneously, i.e. sell a and right away buy b what's that expression, 'you always know when they're gonna do it to you!' i had 500 shares of something and my share profit was 15/16ths...i ended up losing 2.5 cents on the currency (perhaps to some degree the canuck buck appreciated in that time)...i ended up with a measly $ 237 canadian profit on the trade... ufb...scr8w8d again !

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