Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?

To: Street Walker who wrote (261)	1/15/1998 12:03:00 AM
From: Richard Estes	Read Replies (1) \| Respond to of 2120

It has mixed reviews but I have seen it cheaper, $39 or so. The latest changes in tax laws may make alot of it outdated. try elder.com equis.com in the fire sale area.

To: Street Walker who wrote (261)	1/15/1998 12:23:00 PM
From: Scott Pedigo	Read Replies (1) \| Respond to of 2120

Regarding tax planning for traders: how about using an IRA brokerage account? No taxes, at least until much later. Maybe no taxes at all if the IRA account is switched over to one of the new types by the end of 1998, where the money deposited is not taken as a deduction. OK, if you never started an IRA, you can only deposit $2000 per year, but rollovers from company pensions plans are possible, and with the way people change jobs nowadays, I'd think a lot of money could be accumulated in one. I've got over $40K to play with. Downside: you can't trade options, can't buy on the margin, and can't really short. You also can't just transfer in money to cover losses. But it sure cuts down on the paperwork.