Trading in an IRA

Discussion in 'Trading' started by Burtakus, Jan 22, 2004.

  1. Does anyone have any experience with trading from funds within an IRA?

    Specifically under this situation:

    My wife has an IRA that is funded from the proceeds from a previous marriage. Is it possible to set it up so that I (her husband) can trade from funds in the IRA. This is of couse with her permission.

    For those who think I am crazy for using retirement money to trade, some background. We are both young, < 27 adn the IRA is small ~$5,000 and I am of the belief that just investing in mutual funds is pointless. Also, my wife does not work so she does not add funds to the account, it's just money sitting there and I would rather take my chances trading than letting a mutual fund manager take care of everything.

    For trading vehicles I would like to look at the mini-future contracts and the QQQ but am open to suggestions from anyone who has had a similar experience.

    Thanks in advance for ya'lls help.
  2. nkhoi

    nkhoi Moderator

    search ET, we cover it in depth.