section 703-IRA

By sherlock1, August 27, 2013

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

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
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September 14, 2013 12:15 pm

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
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James Young
June 29, 2015 2:32 pm

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

James Young
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James Young
June 29, 2015 2:36 pm

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
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fbgreat
September 14, 2013 1:23 pm

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

kevin king
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October 12, 2013 12:53 pm

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

BILL ROMER
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October 30, 2013 5:28 pm

WHAT IS SECTION-IRA SECTION 703?

BILL ROMER
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October 30, 2013 5:28 pm

SECTION 703?

Bob
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Bob
October 31, 2013 12:33 pm

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 .

Re: Drip and Commission Fees
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Re: Drip and Commission Fees
February 12, 2014 5:53 pm
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 »
asdf
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asdf
June 10, 2014 11:09 pm

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
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Rockin Ron
July 11, 2015 12:27 pm

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
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Franco
October 21, 2015 9:26 am

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
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cfuhrman
December 20, 2015 11:11 am

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

dim
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dim
January 19, 2016 5:39 pm

RTN, WPC, NWBI

Marshall Sattler
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Marshall Sattler
January 28, 2016 11:28 am

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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