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.
Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?


To: Justa Werkenstiff who wrote (10215)12/2/1999 6:41:00 PM
From: Bob Brinker, Jr.  Read Replies (1) | Respond to of 15132
 
<< I have to ask you why you closed out the account. Did you go to another broker for more margin buying power <g>? >>

Justa,

Since it was experimental, I was doing it with taxable money. Listing all 100+ short term trades on my return is just too much work. Not to mention, the short term tax rates are pretty brutal on the profits. If I do it again, I will do it with a no-fee IRA account to avoid the tax return work. Only problem with the no-fee IRA account is no more shorting and no more margin. <g>

bb jr.