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Posted On: 03/26/2022 1:10:58 PM
Post# of 85917
Re: riskreward007 #63683
I think you might have that backwars. First In are your older shares.
I have had to sell some of my Golden UNVC shares in the past for various reasons ( kid's weddings for one ). It killed to have to do so. I did profit each time in a major way BTW.
My oldest shares ( ,006 ) that were "Long" were the shares that were sold first, which consequently made my average go up, due to the fact I have purchased shares from .006 to .14.
You do bring up a big concern of many....taxation.
That has been brought up here on numerous occasion with some real good ( and some sketchy ) advice being offered up.
I myself will never sell short term shares.
I used the FIFO and my oldest shares ( Long ) were sold.
Someone with a better working knowledge of this than me please chime in.
Thanks 007
I have had to sell some of my Golden UNVC shares in the past for various reasons ( kid's weddings for one ). It killed to have to do so. I did profit each time in a major way BTW.
My oldest shares ( ,006 ) that were "Long" were the shares that were sold first, which consequently made my average go up, due to the fact I have purchased shares from .006 to .14.
You do bring up a big concern of many....taxation.
That has been brought up here on numerous occasion with some real good ( and some sketchy ) advice being offered up.
I myself will never sell short term shares.
I used the FIFO and my oldest shares ( Long ) were sold.
Someone with a better working knowledge of this than me please chime in.
Thanks 007
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