MLR - Good news for those with IRA accounts

Published : March 17 2011 at 17:27 ET

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.

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