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Technology Stocks : CMGI DSP Programs
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To: D VanSwol who wrote (77)2/16/2000 1:16:00 PM
From: kcmike  Read Replies (1) of 178
 
DVS,

It is my understanding that you can only use 1 DSP reference# per Wit account. So yes, if you want to take advantage of the 2 reference numbers you would need to open up another account at WIT. It would not have to be an IRA account, but at WIT you can only have 1 regular account per SS#. So if you want to register it in the same name, it would have to be an IRA.

However, if you are opening a new IRA account, you of course have the IRS limitations as to how much you can put in, and that may not be enough to cover 100 shares of ALTA. If you are transferring an IRA from another brokerage, you may not have enough time to do it.

Easiest solution - if you are married, open a joint or an individual account in the spouse's name.

The above is just my opinion and not guaranteed as fact. Others can help if they know otherwise.

Hope this helps,
Mike
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