SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Precious and Base Metal Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Wyätt Gwyön who wrote (32556)11/21/2004 6:58:16 PM
From: LLCF  Read Replies (1) of 39344
 
<so, that sounds like there's no tax in an IRA. but note that what they say is that they just received a letter saying that the purchase of such Shares is not treated as a "distribution"; they don't say anything about whether the sale of said Shares is taxable. >

There is no way these guys are going to follow who owned what in ANY IRA. If they let you buy it your fine. JMO

There are supposedly ways to not be taxed again on after tax money that was put into an IRA [you used to be able to do that I think]... but really, who's going to remember to do THAT.

JAM whatever makes money in there and don't tell 'em anything!

FWIW, this is another case of rich getting richer as someone with a qualified plan has much more flexibility... my old plan created by a few rabid NYC lawyers in the 80's allowed me to do pretty much whatever I wanted with the money, including real estate, exchange seats, unlisted stuff... AND taking it our for kids eduactions when they get to college... etc etc... so don't feel bad about being agressive... The rich aren't worried about being able to buy any of this stuff, they no doubt have investment bankers structure contracts for them to buy replicating whatever asset they want on the planet.

DAK
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News