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  • Royal Bank of Scotland Comments on Metals and Energy [View article]
    Marc,
    Re: History Buff 24/7's comment about surprise K1's issued by Limited Partnership ETF's.
    I explored the option of putting them in an IRA. I was concerned with the consequences of having 'Unrelated Business Income' screw-up my IRA tax deferred status. Apparently not a problem. As long as the income is passive (as a holder of the ETF), the K1 you may receive does not have to be reported. I got the info from Fidelity and a search of Ed Slott's IRA forum (irahelp.com).
    I got a good hit using 'IRA ETF K1' as search words.


    On Apr 30 10:24 PM Marc Courtenay wrote:

    > Good and very helpful comments here. Thanks History Buff. I'm going
    > to check out whether some of the ETFs are structured as partnerships.
    > Your points are well taken and deserve serious consideration.
    > Larry House, your preference for companies like CVX, COP, XOM, RIG,
    > and SLB means you are more focused on fundamentals than diversity.
    > That's a good thing as far as I'm concerned.
    > Williemo: You wrote, " You comment that you are expecting some seasonal
    > selling and a surprise pullback may occur, seems to indicate you
    > are expecting midterm weakness in these metals before any longer
    > term up trend. If so, it might be nice to see a future article or
    > comment from you on the best entry point, as now doesn't appear to
    > be one" and you are "Spot on!"
    > All I can tell you is that gold below $860 and silver below $12 per
    > ounce should look pretty cheap a couple of years from now. I like
    > to do a systematic buy-in program where I find the support levels
    > (like $860 and $820 for gold) and then I accumulate on the way down.
    > Historically it is very possible we will see declines between June
    > and October, but I can't help but sensing that "this year could be
    > different", but as a longer-term investor I wouldn't count on it.
    >
    May 01 15:45 pm |Rating: +1 0 |Link to Comment
  • Royal Bank of Scotland Comments on Metals and Energy [View article]
    Nice mouth. Been burned by RBS? Maybe the wound is self inflicted.


    On May 01 03:38 AM SOMALIA! wrote:

    > RBS better comment on their stock price and how they see themselves
    > as a going concern without taxpayers $$$.
    > Fuck you, fuck their research.
    May 01 13:02 pm |Rating: 0 -2 |Link to Comment
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