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.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: upanddown who wrote (34841)	1/11/1999 9:58:00 PM
From: Redman	Respond to of 95453

That is definitely a strategy you could use, especially in light of the way people are now starting to trade their IRA's. And yes, and loss whether equity or option would be deductible, that is why you would want to put the most aggressive position (option in this case) in the taxable account. I have alway viewed an IRA as a very long term investment vehicle, therefore I am not concerned with fluctuations in the market or buying puts against positions. Now if I was to buy an aggressive position for a short term trade of weeks to a few months in my IRA, I would probably buy a put. But, if it was just to do a quick trade I would not. I am a firm believer in buying good solid companies and riding them out for the long haul. Therefore I do not think too hard about these strategies, however I do keep some fast money to play techs and OS stocks---and therefore do write covered calls and puts with those. But I do not use my IRA unless I need to sell something for a loss and absolutely cannot wait 30 days to buy it back. Red