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To: Judy who wrote (8648)	5/14/1998 9:03:00 PM
From: Robert Graham	Read Replies (2) \| Respond to of 42787

This is exactly what I do. As you know, profits from money made on government money and its compounding effect does not get taxed which is why I had opened up an IRA style of account several years ago. This tax related benefit along with short term trades is only way to reach "critical mass" with an account inside a reasonable period of time. Having a SEP instead of an IRA helps allot to. The $2000 limit for the IRA is IMO unrealistic to fund a retirement account. Then I can increase my allowed contributions further by setting up a cash purchase Keogh account. But then I would be required to contribute a set amount in this type of account, that is why I have not been in any hurry to set one up. There are fines with early withdrawl that can be significant but still doable if the account has generated enough profits compared to the additional penalties that will be charged by the government. I have not looked into the details here yet. I have a book that goes over this. Bob Graham

To: Judy who wrote (8648)	5/16/1998 5:32:00 PM
From: Sonki	Read Replies (1) \| Respond to of 42787

judy - sorry for late reply. i was very focused on dell/msft trades. i like to trade in ira just cuz i hate having to keep track of my trades more then i hate to pay tax. this way i keep trading and trading taking profit or losss w/out consideration of tax and washsales etc... it's what ever works...

To: Judy who wrote (8648)	5/18/1998 8:55:00 PM
From: Robert Graham	Read Replies (3) \| Respond to of 42787

Hello Judy! During this trading range market, what has the funds been doing with their money? Have they been taking advantage of this market by accumulating shares of stocks as part of their continued sector rotation of funds? Or have the funds been sitting on their cash except perhaps for some accumulation of select stocks? Some think they have seen evidence of a flight of cash to bonds. Lately it seems the more defensive stocks have been starting to see action. We are at a transition point in the DJIA right now right near 9000. Thank you! Bob Graham