(Total Views: 353)
Posted On: 01/01/2020 5:29:16 PM
Post# of 150023
I don't have an IRA, so I'm probably not the best one to give advice about tax considerations.
I keep my shares in two accounts - one marginal and the other non-marginable, and I can quickly transfer shares between the accounts when needed. The reason for the non-marginable account is to prevent the broker from lending them to shorters, although in CYDY's case, I don't think that's an option as long as they remain on the OTC. But when they uplist, I would recommend everyone protect their shares in a non-marginable account.
I know this isn't what you were asking, but I thought I would share it anyway given that it may not be long before we uplist.
I keep my shares in two accounts - one marginal and the other non-marginable, and I can quickly transfer shares between the accounts when needed. The reason for the non-marginable account is to prevent the broker from lending them to shorters, although in CYDY's case, I don't think that's an option as long as they remain on the OTC. But when they uplist, I would recommend everyone protect their shares in a non-marginable account.
I know this isn't what you were asking, but I thought I would share it anyway given that it may not be long before we uplist.
(2)
(0)
My comments are just my opinions and should NOT be taken as investment advice.
Scroll down for more posts ▼
