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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (27191)	4/2/1998 9:57:00 PM
From: bluejeans	Read Replies (2) \| Respond to of 132070

wash sale rules , self dealing, related party rules

To: Skeeter Bug who wrote (27191)	4/2/1998 11:30:00 PM
From: Chris McConnel	Read Replies (1) \| Respond to of 132070

Skeeter, there might be another of doing this. Let's say you have a volatile company that you wish to trade on, but you would like to be able to hedge your bet. Buy PUTS in the IRA, with the full intention of letting them expire and then trade the stock in your regular account. Just suggestion. - Chris

To: Skeeter Bug who wrote (27191)	4/3/1998 11:51:00 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

SB, The only problem is, you could go to jail. Also, your broker could go to jail if he accepted such a trade. And, if you are using the same tax id on both accounts, the high sheriffs of securities land won't have trouble finding you. Seriously, the type of trade you lay out breaks a handful of laws, tax and otherwise. This was an area portfolio managers have to fight when they manage more than one account for people with different objectives. But it is more cut and dried with the individual. MB