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To: Lizzie Tudor who wrote (74729)	8/19/1999 6:16:00 PM
From: H James Morris	Respond to of 164684

>>I'm stuck in cash in an IRA where I can only go long!<< Michelle, that's not totally correct. You could do this. Pledge 1/2 of your IRA to your broker and borrow the other 1/2 from your broker for trading liquidity. Now, please don't do that, as I would never do. If anyone is speculating with their IRA's they're idiots, or reckless. Ps Could you imagine having for entire life savings in eBay, or Amzn? I think most of us would never put our life savings in such up and down stocks, unless you liked to get sea sick! Now speculation money? That's a different topic. With that we can go for the "Gusto".

To: Lizzie Tudor who wrote (74729)	8/19/1999 8:40:00 PM
From: Robert O	Respond to of 164684

re: I'm stuck in cash in an IRA where I can only go long! You have another option in addition to the borrow from your broker idea presented. But this option is gonna make that one look as conservative as Treasuries. Here's the idea: take all your money out of your IRA and put it into your taxable account. You can do this in cash or as a ‘like-kind' exchange putting, say, your 1,000 share long position in AMZN directly into your taxable account. You have 60-days to roll the exact amount back into your IRA. You can only do this once every 12 month period. Once in your taxable account you can short, borrow on margin, whatever. Might as well go big since this is SUPER risky. Any amount you do not get back into your IRA within 60 days is taxable at your regular tax rate and there's also a 10% penalty on top of that. There ya go… easy as 1-2-3. RO Disclaimer: THIS IS NOT ADVICE, I AM NOT A TAX PROFESSIONAL or any other type of professional for that matter ;-) The US Tax Code is complex, please see your tax advisor if you plan to do anything ever and have a current heartbeat. IRA money, since tax deferred, is the worst type to lose in market speculation since it would have grown tax deferred for many many years. It is very difficult to replace that money in a ‘deferred' status. Even playing very risky in your IRA is damaging. Better to lose in your taxable account and at least get a write off. Taxable money can be replaced with (hee hee) hard work at least. Can only jam 10K into your 401-K a year.