section 703-IRA

By sherlock1, August 27, 2013

touted by marc lichtenfeld of the oxford club as a retirement tool to increase retirement income–any thoughts/=?

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15 Comments on " section 703-IRA"

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DC
Guest
0

Not listed in IRS rules. Think he made it up as a strategy to use your IRA, rather than a little used type of IRA.

James Young
Guest
0

Its not IRA its the 703 Bi-laws of SEC dint any one listen to what he said, meaning Mark

James Young
Guest
0

Didn’t anyone who is asking this same question listen to his very long message to basically sell something to you. Someone asked why all the mystery, well its a sales tactic. That’s how he draws you in to ultimately purchase something that may or may not work. If you read the fine print it even expresses that what he is saying isn’t to be construed as “Financial Advice”

fbgreat
Member
2

Item 703 of regulation S-K of shares registered under Sec 12.
It’s a drip plan disclosure requirement.
That’s it.

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kevin king
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does the 703-IRA even exist? company payouts etc.?????

BILL ROMER
Guest
0

WHAT IS SECTION-IRA SECTION 703?

BILL ROMER
Guest
0

SECTION 703?

Bob
Guest
0

Has to do with DRIP (dividend reinvestment plans ) There are companies that will let you direct purchase shares (thus, no commission) and they reinvest all dividends (buying additional shares with dividends ) Actually , great idea to get kids into investing etc . Great to do if you only have a minimal amount to invest . Any brokerage will let you do this with your current shares ( at least TD Ameritrade will ) but it won’t be commission free .

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Re: Drip and Commission Fees
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Re: Drip and Commission Fees
Scottrade will allow you to pool your money and buy DRIP shares in stocks that you own at ZERO fees. You are not limited the way you are at TD-Ameritrade. Meaning at Ameritrade you can only invest your drip fund back (unless they have changed) into the same companies. At Scottrade you can Invest Your Drip funds from one company to another. Example: If you own JE, EROC and ARR or whatever, you can have the funds from two of them buy more shares of one company. You can play with the drip in a way that works best for… Read more »
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asdf
Guest
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Why do they always make things mysterious. I think they do more harm to their rep with these videos than just being straight forward. 703 IRA, whatever.

Rockin Ron
Guest
0

Still don’t know if it WORKS. He’s also teasing the first 3 he’ll give. Was hoping/counting on the Gumshoe to give up the 3 and give us his take on Mr L. n his 703 plan

Franco
Guest
0

I wish they would just give the straight information without the bait and switch. it is so snake-oil selling and leaves me miss-trusting Oxford. Makes you wonder what you would actually get for your $79. An invoice!!!! not me.

cfuhrman
Member
2

did anyone ever come up with the three DRIP companies Mark was recommending?

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dim
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RTN, WPC, NWBI

Marshall Sattler
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You can buy stock directly from Exxon oil their drip program will even let you start an IRA. you purchase 250.00 dollars to start then deposit as little as 50.00 per deposit , Maybe more now if you don’t have a grand fathered account. The max limit is 250000.00 per year They pay the expenses for the brokerage .

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