MLR - Good news for those with IRA accounts
For those members who trade their IRA accounts, we just received this from a member:
Hi Gil and Chris. I love your book and listen to you each time you are on with Dan and Danny in Dallas, TX. I read your email today in which the member/subscriber was experiencing frustration with buying and selling in an IRA account. I used to work for Fidelity and they are very frustrating to be with if you want to be an active investor. I now work for TD Ameritrade which I believe is a much better place for the active investor. Long story short, please let your subscribers know that at TD Ameritrade they can have 'margin' in an IRA account. You cannot borrow from it, but you can trade again before the original 'buy' has settled. I hope this helps and I look forward to re-reading your book and listening to you on 1190am in Dallas.
This information is provided by Virtue of Selfish Investing, LLC (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing, LLC. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2016 Virtue of Selfish Investing, LLC. All rights reserved.