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Gold/Mining/Energy : Naxos Resources (NAXOF) -- Ignore unavailable to you. Want to Upgrade?

To: Jerry in Omaha who wrote (7894)	1/8/1998 9:47:00 AM
From: Henry Volquardsen	Respond to of 20681

Jerard, Yes the Roth IRA allows you to take the money out tax free at 59 1/2. You can convert an existing IRA to a Roth IRA but there is a tax event on the old IRA. I do not believe you can transfer an existing position into your Roth IRA at the historic tax basis but would in effect have to sell it and repurchase it in the Roth. You might be able to execute a physical transfer to save the bid offer but you would have a tax event on the old position basis the current price of the equity at the time you do the transfer. If you earn more than $150,000 (I believe that is the number) you cannot qualify for a Roth IRA. Henry

To: Jerry in Omaha who wrote (7894)	1/8/1998 11:50:00 AM
From: J.L. Turner	Read Replies (1) \| Respond to of 20681

Mr. Pearson To qualify to convert your regular IRA to a Roth IRA you can't have more than $100,000 in adjusted gross income. A ROTH IRA may be more favorable than a regular IRA for taxpayers who earn high rates of return from growth investments. If the Roth IRA owner dies, beneficiaries may inherit the assets free of income tax-but assets are subject to federal and state estate taxes. J.L.T.

To: Jerry in Omaha who wrote (7894)	1/8/1998 3:59:00 PM
From: W.F. Schwertley	Respond to of 20681

Mr. Pearson, I opened a Roth IRA account at Ameritrade today. According to their representative, you can only transfer shares from an IRA account into the Roth IRA account (you can't transfer shares into a Roth IRA account from an equity account). The value of the shares are determined from the previous day's close. The minimum amount for an account at Ameritrade is $2,000. WFS

To: Jerry in Omaha who wrote (7894)	1/9/1998 8:05:00 AM
From: Jerry in Omaha	Read Replies (1) \| Respond to of 20681

To All; In a previous posting I wrote; "Mr. Meetmer, you posted; 'I am going to go out on a limb and predict that on the basis of the press release today we should see an immediate pop in the share price hopefully by as much as a buck.' "If we are still following the Naxos Standard we should see a drop not a pop in our price following a positive news release. Here's hoping you're right and the standard has changed." While watching the price drop yesterday I noticed that the standard has not changed: Naxos issues positive news release - Stock price drops. I'd like to hear the expositors of the rationality of the market use economic theory to explain this persistant Naxos standard. Jerard P