Replies to post #42706 on NanoViricides Inc. (NNVC)

[BonelessCat]

Whether there is news this week or not, do it beginning Monday. Start buying back into your ROTH on Thursday. If you have a lot of shares, don't start it Christmas week or the week after because the market will be too thin both ways. There may be softness the first weeks of the year, but that might also be when anticipation buying begins, anticipation of the IND related events, so you want to have it all done before then.

All in my opinion. I'm not a financial advisor, so I really don't know what I'm talking about.

[Echo20]

Keltoi

Would that be the same requirements for a regular IRA?

I was thinking of doing the same and want to just add the NNVC shares to the retirement account.

Echo20

[philsdaddy]

It's not clear to me from your post as to whether your current NNVC shares are in a Traditional IRA or just in an individual account. If already in a Traditional Account then your broker should be able to transfer them without a problem--this would be known as a conversion and the dollar amount would be considered taxable, as your IRA was probably funded with tax-deferred funds. I have my accounts with Fidelity and they handled it smoothly with just one phone call the first time--the second time I was able to do it myself online--and Fidelity sends the appropriate tax statements to me--very easy. I am not aware that you can put shares of a stock directly into a Roth account that you have or are setting up, so perhaps you do need to sell your shares and then have the funds go into the Roth before you can acquire the NNVC shares again. For what it's worth, the times I have done the conversion have worked out and not worked out--one time I transferred shares and then the shares went lower (so I did a reconversion so I wouldn't take the tax hit on something that was worth less) and the next time I was able to time the bottom a bit better. With the conversion I have to wait five years to access those shares/funds without penalty, so I am banking on NNVC being worth a heck of a lot more in five years.
Lee

[daBoze]

I transferred my regular IRA to a Roth IRA at Fidelity with no need to cash out first. The proceeds are taxable 50% in 2011 tax year and 50% in 2012.

[mdphd1]

NNVC is a long term play, now is a good time as any. Best to do this before the year, if there is the tax angle to consider.