Guest cuznbruce1 Posted December 5, 2001 Posted December 5, 2001 i HAVE A LARGE ROTH IRA WHICH IS BROADLY INVESTED IN COMMON STOCKS, PREFERREDS AND BONDS. THE ACCOUNT IS HELD AT A SMALL DISCOUNT BROKERAGE FIRM WITH WHICH I HAVE A LONG TERM RELATIONSHIP. I HAVE BEEN A PROFESSIONAL STOCK TRADER FOR VARIOUS BROKERAGE FIRMS FOR OVER 30 YEARS. AT THIS POINT, I AM THINKING ABOUT STARTING MY OWN MARKET-MAKING OPERATION WITH THE HELP OF MY TWO PARTNERS. EACH OF US WILL PUT UP $500,000.00 FOR A TOTAL OF $1,500,000.OO. I'M NOT WORRIED ABOUT INVESTING $500,000 OF MY OWN MONEY. WE DEAL IN VERY PROPRIETARY PRODUCTS AND ALMOST ALWAYS MAKE MONEY ON A MONTHLY BASIS. MY QUESTION IS THIS, CAN I TAKE SAY $250,000 FROM MY ROTH AND ANOTHER $250000 FROM MY BANK TO MAKE MY CONTRIBUTION OF CAPITAL. CAN A ROTH IRA MAKE A NON-TRADITIONAL INVESTMENT SUCH AS THIS ONE? hOW DO I CONFIRM THAT THIS WOULD NOT VIOLATE THE SPIRIT OR THE RULES OF ROTH IRAS??? THANK YOU FOR YOUR VIEWS AND INFORMATION
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