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To: dennis michael patterson who wrote (40420)2/16/2000 2:06:00 PM
From: Elroy Jetson  Read Replies (2) | Respond to of 99985
 
In case no one else mentioned this, IRA accounts are Cash only - no margin. IRS regulations.

Since there is a 3 business day settlement on all stock transactions, if you have all your IRA assets invested you cannot sell a stock and use the proceeds to buy something else within 3 days.



To: dennis michael patterson who wrote (40420)2/16/2000 2:28:00 PM
From: OX  Read Replies (1) | Respond to of 99985
 
ah so you're the reason brownco sent out that long note w/ last month's stmt :-)



To: dennis michael patterson who wrote (40420)2/16/2000 3:27:00 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
tell them you were gonna put in the $ 2000 by April 15, honest! <g>


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