Jim's Nasdaq100 Special as a basket. Message Board

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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket.

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To: James F. Hopkins who wrote (1810)	10/2/2000 11:16:18 AM
From: OX	Read Replies (1) of 2103

in my book, taking money out of one's IRA for 60days to play the mkt is living on the edge :-) i would think if you want to take IRA $ out to put it on margin, you're better off playing one of those 2x profunds or rydex inside the IRA. doesn't your custodian have to take out the mandatory 20% penalty (or is that only if you're under 59 1/2??) and you have to make up that 20% amount when you put it back in, and claim the "missing" 20% later when you file your taxes. from this perspective, I'm not sure if this is riskier or if taking a cash advance from one's credit card ;-)

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