Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 256.40

+1.2%

3:59 PM EST

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To: Tito L. Nisperos Jr. who wrote (39005)	10/31/2000 1:47:40 PM
From: mitch-c	Read Replies (2) of 70976

Wow ... I lit a firestorm here! What I'm gathering is that: a) the IRS rules are vague on the subject (although I recall a section discussing "intrinsic value" in investments); b) many firms "protect us from ourselves" by not allowing derivative trading in IRA's; c) with a sympathetic broker - one willing to assume the risk of a lawsuit for allowing higher risk investments in an IRA - it is possible (and legal) to combine the returns available from LEAPS with the tax advantages of an IRA. Fair summary? (I'm really glad I asked this ...) - Mitch

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