Comments on: What Are Tax Lots?

By: Corporate Barbarian

Corporate Barbarian — Wed, 22 Jul 2009 17:09:51 +0000

I like it when you dispel conventional wisdom. This is a perfect example. Thanks for the tip.

By: Andrew

Andrew — Tue, 21 Jul 2009 15:45:35 +0000

I was always under the impression that you were obligated to sell the oldest lots first, but per IRS publication 550 this appears not to be the case. Thanks for pointing this out!

By: GloombergNews

GloombergNews — Tue, 21 Jul 2009 14:57:22 +0000

@katekashman…there is, it’s called hiring a fee based financial manager..

they are in the best interest of your portfolio…when it goes up, its win/win…when it goes down…its lose/lose..

not to mention the legal, tax, banking, insurance services they offer for free

By: Kate Kashman

Kate Kashman — Tue, 21 Jul 2009 01:29:04 +0000

Here lies one of the reasons I’m scared of investing in individual stocks. The whole thing looks like a tax nightmare, and I actually don’t mind taxes. {{shivers}} There has got to be a better way.

By: Jeremy

Jeremy — Mon, 20 Jul 2009 22:56:43 +0000

Great post, I have overlooked this fact because I don’t make enough income to be taxed substantially therefore it does not make a difference, but hopefully I will be coming to a point where this can save me some money.

Keep up the posts on investments, it is silly for people to work hard at their job and be unable to invest wisely. Getting just a 5% return on investments over a year can greatly increase the value of your earnings and maybe even let you retire early.

While it is crucial to be active in managing investments, learning to do it yourself will save you even more money because your financial adviser is cut out of the loop. Simple advise like this post nullifies the need for proffessional advice with all of the great resources out there.

By: eric

eric — Mon, 20 Jul 2009 22:52:21 +0000

Oh you rebel

By: Cap

Cap — Mon, 20 Jul 2009 21:12:31 +0000

I always assumed that its a FIFO basis but then I realized that’s why they have broker assisted trades.. never traded enough to realize until I hold certain fun shares like you and your Yahoo shares. Haha.. good times.