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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Judy who wrote (8648)	5/14/1998 9:03:00 PM
From: Robert Graham	Read Replies (2) of 42787

This is exactly what I do. As you know, profits from money made on government money and its compounding effect does not get taxed which is why I had opened up an IRA style of account several years ago. This tax related benefit along with short term trades is only way to reach "critical mass" with an account inside a reasonable period of time. Having a SEP instead of an IRA helps allot to. The $2000 limit for the IRA is IMO unrealistic to fund a retirement account. Then I can increase my allowed contributions further by setting up a cash purchase Keogh account. But then I would be required to contribute a set amount in this type of account, that is why I have not been in any hurry to set one up. There are fines with early withdrawl that can be significant but still doable if the account has generated enough profits compared to the additional penalties that will be charged by the government. I have not looked into the details here yet. I have a book that goes over this. Bob Graham

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