Recent content by 20092009

For the past three years, what is your average capital gain (before tax) made from stock market?

I know how to do now, thanks.

I bought the penny stock last year, but it becomes almost worthless now. I paid the penny stock at around $13000 for 12500 shares, but it worths less than $50 at this moment. But the problem is that there is no trading volumes for a long period of time, occasionally, there are some very small...

I am asking a question for a friend. She has a roth IRA with citibank, she told me her money on her roth IRA was invested on CD account, and the CD will mature in May 2010. Can she transfer her roth IRA to Scottrade roth IRA now? Or she need to wait till May 2010 to transfer? She does not have...

Someone told me "investment position can only be changed once every 12 months in roth IRA", I don't really know what it mean. Also, can I claim capital loss on tax return form if I make bad investment in roth IRA? Thank you very much!

Thanks, then how much penalty should I pay if I withdraw the earning before I turn to 59 1/2? You know, we pay a lot on tax, if the penalty is low, then people should use roth IRA to trade stocks.

Actually, you did not answer my question, say, I make only one deposit $3000, and I turn this $3000 into $100,000 at the end of this year. So next year can I invest all the $100,000 on the stock market? Since there is $5000 limit on IRA account. Or I can only invest $5000 on the stock market...

Oh, my confusion is this part, say, I contribute $3000 to my newly open roth IRA, and I use this $3000 to make $100000 during this year, so can I buy stock up to $100000 next year? Since I don't make new contribution to my roth IRA, the $100000 is simply capital from previous year.(Just...

It makes sense that withdrawals on principle contribution are free, since the principle contribution are already taxed. But how the withdrawals on capital gain from stock market? Thanks.

This really confuses me a lot. If you are a day trader and live in NYC, and if you can make one million dollars(short term) per year, then you will be taxed about 45%(federal tax, state tax, and city tax), and while the capital gain in the IRA is free. If you are a great trader, and able to turn...

Thank you for the link, very helpful information. I have a question about this part: ---------------------- Roth IRA Profile: Available only to single-filers making up to $95,000 or married couples making a combined maximum of $150,000 annually. ------------------------ Let's say, if I...