Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Joe Basile who wrote (4330)	3/23/1998 9:09:00 PM
From: Mike McFarland	Read Replies (2) of 42834

<The most expensive brokerage stock is Siebert Financial. The shares have risen sharply recently. The stock trades at 90 times earnings. In response to a caller on whether he should roll is standard IRA to a Roth IRA, he said that's iffy on the premise never pay taxes today that can be put off til tomorrow. "Consult your CPA. "I think the IRS is trying to trap un-sophisticated investor's to pay taxe now> Bob's comments this weekend regarding SIEB were timely--down 18% today, though I suppose it is possible he got his idea from Barron's too. His comment regarding Roth taxes rings true--why should I lock in my taxes now! Heck, my picks could crash just as soon as I convert to a Roth from my traditional IRA. Having been a permabear, I never much cared for Brinker's show...I suspect if you tracked every specific call he has made, you might find he has done no better than the market. But...the market has done awfully well. He did have a disparaging comment about not getting rich from penny stocks, I'm going to see if I cant prove 'ol Bob wrong on that one--there are some pennies out there which are a better bet than the Dow I think. Anyway, your summary is much appreciated Joe, thanks. happy trading oops--happy dollar cost averaging, forgot for a second what thread I was on.

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