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  • who knows anything about IRA?

    I just created an IRA fund for retirement.. I am wondering what type of stocks I should put in it?

    John
    www.elitefitsystems.com

    Now with CL and all your other favorites

  • #2
    dude spooky becuase I just did the same thing this week and I'm clueless where to begin.

    Tank bring your investing skills to the table plz
    A Gold's Gym puppet - and proud of it.

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    • #3
      Originally posted by Mr. Aries
      I just created an IRA fund for retirement.. I am wondering what type of stocks I should put in it?

      John
      typically safe long term stocks. if you ask me those are for your regular portfolio and the high risk stuff should go in the IRA since you can trade them daily if you wanted without thinking of short term capital gains.
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      • #4
        Originally posted by Controlled Labs
        typically safe long term stocks. if you ask me those are for your regular portfolio and the high risk stuff should go in the IRA since you can trade them daily if you wanted without thinking of short term capital gains.
        I have no idea what you just typed, it was run-on sentence galore..


        Are you saying high risk stuff should be purchased for your IRA?
        www.elitefitsystems.com

        Now with CL and all your other favorites

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        • #5
          Originally posted by Mr. Aries
          I just created an IRA fund for retirement.. I am wondering what type of stocks I should put in it?

          John
          Can you invest back into your business (what type of biz is it) ?

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          • #6
            Originally posted by Mr. Aries
            I have no idea what you just typed, it was run-on sentence galore..


            Are you saying high risk stuff should be purchased for your IRA?
            basically, the pros will tell you to put safe large stocks int eh ira since its for retirement. however, I am of the opinion that those belong in your regular portfolio. the risk stuff belongs in the IR since the IRA is not affected by short term capital gains tax (ie. you buy and sell as many times as you like at a profit within a short time and not have to worry about paying taxes on those gains)
            REDuction SHOTS are Now Here!

            Out Now:
            Orange OxiMega (Fish Oil & Greens)
            Purple Psyko
            Gold Feast
            Blue Gene
            Blue Growth
            REDuction AM/PM Shots
            REDuction AM/PM (and PM solo)
            Orange TRIad
            White Flood (5 Flavors)
            Black Hole
            Green MAGnitude (apple or lemonade)
            Green Bulge
            White Blood 2
            Purple Wraath (grape or lemonade)
            Blue Up
            Blue Up (Stim-Free)
            GlycerGrow (Elements line)
            CLAmore (Elements Line)

            Toll Free: (800) 692-4558
            Tank "@" ControlledLabs.com

            Comment


            • #7
              Originally posted by Controlled Labs
              basically, the pros will tell you to put safe large stocks int eh ira since its for retirement. however, I am of the opinion that those belong in your regular portfolio. the risk stuff belongs in the IR since the IRA is not affected by short term capital gains tax (ie. you buy and sell as many times as you like at a profit within a short time and not have to worry about paying taxes on those gains)

              I'm of the same mind-set .... I have two IRA's (one is from 2 previous jobs that I rolled over) .... 1 is low-risk, long-term reward and doesn't get touched except for my annual deposit as a tax write-off (consider it my reg portfolio) ... other one is diversified over multiple aggressive stocks, matched by my current company, and I re-evaluate the investments every couple of months to maximize gains

              with some places, you can go to the website or even contact one of their people and they can give you free advice to get you started
              jdouchebag for president

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              • #8
                Originally posted by strester
                I'm of the same mind-set .... I have two IRA's (one is from 2 previous jobs that I rolled over) .... 1 is low-risk, long-term reward and doesn't get touched except for my annual deposit as a tax write-off (consider it my reg portfolio) ... other one is diversified over multiple aggressive stocks, matched by my current company, and I re-evaluate the investments every couple of months to maximize gains

                with some places, you can go to the website or even contact one of their people and they can give you free advice to get you started
                exactly that is the other option.

                john, also if you have your own business you can open a SEP IRA and put in up to 22% of you pretax profits without them being taxed until you are 65 when you take the money out of the SEP IRA
                REDuction SHOTS are Now Here!

                Out Now:
                Orange OxiMega (Fish Oil & Greens)
                Purple Psyko
                Gold Feast
                Blue Gene
                Blue Growth
                REDuction AM/PM Shots
                REDuction AM/PM (and PM solo)
                Orange TRIad
                White Flood (5 Flavors)
                Black Hole
                Green MAGnitude (apple or lemonade)
                Green Bulge
                White Blood 2
                Purple Wraath (grape or lemonade)
                Blue Up
                Blue Up (Stim-Free)
                GlycerGrow (Elements line)
                CLAmore (Elements Line)

                Toll Free: (800) 692-4558
                Tank "@" ControlledLabs.com

                Comment


                • #9
                  Another good thing about an IRA, you can take out up to $10,000 without a penalty on the purchase of your first home. Unfortunately I didn't have an IRA when I bought my condo, so I no longer have that option

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                  • #10

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