posted
anyone have a simple calculation to average a cost per share? for example lets say you buy 100,000 shares of stock xyz @0.05. then on another day you buy same 20,000 shares of the same stock @0.025. anyone can dish out a simple formula that will tell me i have 120,000 shares of xyz @ ??? price? i guess i should have paid attention during math class! thanks!
Posts: 7 | Registered: Feb 2004
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posted
Although it is good to track the average share price. It is also as good to track separately. In the case of capGains and your current year income it may pay to sell one set of buys opposed to another set. If you are successful in trading an accountant will be a good investment. One caution do as much of the detail work as possible to save thier time( they charge by hour) I print my nuys on one side of a paer & sell on back calculate a profit/loss; Normal or Capital and attach these to back of 1099. never had any questions from them. VAN
[This message has been edited by VNGNTN1 (edited February 20, 2004).]
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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[Although it is good to track the average share price. It is also as good to track separately. In the case of capGains and your current year income it may pay to sell one set of buys opposed to another set.]
how would you specifically sell one set of buys as opposed to another? on my portfolio a second set of buys usually just gets added onto my previous buy.
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SK I print my BUY CONFIRMATION on one side of a paper (Yellow) If I SELL partial on "Blue" IF NOT on back of origianl "yellow". There is a HUGE payback in tracking your data 1-Broker error 2-Instant Position 3-Planning 4-Taxes End of each year I take these forms and checkoff each entry on 1099 before giving to accountant. I am sure other traders will have good ways also VAN
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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