I don't have an IRA, so I'm probably not the best
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Posted On: 01/01/2020 5:29:16 PM
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.
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My comments are just my opinions and should NOT be taken as investment advice.
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