Go to Jeff Salisbury LWGate Home Page.From: "Peter & Karen Diamond" <diamond@vsi.net>
Subject: Stocks in IRA accounts
Date: Sat, 29 Aug 1998 08:16:21 -0400
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Hello everyone, I am thinking about opening a Roth IRA with a broker and purchasing individual stocks with the contributions. The broker who told me that I can contribute $2000, but my actual stock purchases cannot be for the whole $2000 since I have to include the commissions in the basis. This doesn't make sense. With my mutual fund IRAs, I purchased $2000 in fund shares and sent a separate check for the annual maintenance fee. If I were to make several stock trades during the year, how would I know how much I could buy each time? Thanks for your help with this. Peter - -
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