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To: Chuzzlewit who wrote (36429)	4/3/1998 9:32:00 AM
From: K. M. Strickler	Read Replies (1) \| Respond to of 176387

PLL, Thanks for you response to the IRA question, but I was hoping for that same investment analysis disregarding the tax problem. Under the old tax scheme, I had always advised the 'buy and hold' technique for all of the reasons that you pointed out, but under the new guidelines, it might be possible to make substantially more by actively trading, assuming you can still follow the old rule of 'buy low, sell high'! Of course you still have to watch the vehicles that you invest in The real interesting possibility will be the active trading in the self directed ROTH, which is bought with 'tax paid' dollars, as you know. If you can maximize your gains in this account, there are currently 'no more taxes' ever to be paid, either on the appreciation or interest/dividends, This year you will be able to 'roll' some/all of your Tax Deferred IRA into a ROTH by paying the 25% tax liability. While you won't be able to take out any of the money for 5 years, after that time it comes back without tax liability, with NO DEFINED start time as with the IRA which is 70 1/2 years old. This year only, if you roll the IRA to ROTH, the tax liability can be paid over the next 4 years. If you wait until next year, the tax liability has to be paid all at once in that year. I would appreciate any comments that you might like to make on this. If you like, this discussion could go the private mail. Best regards, Ken