2007-10-08 07:58:42 · 3 answers · asked by Shawty T 1 in Business & Finance ➔ Investing
Your question is too vague.
Is this for an IRA or 401k, or a non-retirement investment?
Is it for you or someone else?
How old is the recipient, or what tax bracket is he/she in?
Are you selling it, outright, or are you exchanging it for another fund or otherwise re-investing it?
These and many other questions make it virtually impossible to give you an answer that works for you. Anything else will be generalizations that may or may not apply to you and your situation.
2007-10-08 08:52:04 · answer #1 · answered by skaizun 6 · 0⤊ 0⤋
Most fund companies default to FIFO...first in, first out. Let's say you buy 100 shares at $10 then 6 months later you buy another hundred for $12. Then in another 6 months, you sell 100 shares. The fund company will "sell" your first hundred shares which cost $10.
You can use an average cost basis, but than can be complicated if you are buying on a regular basis.
2007-10-08 08:07:00 · answer #2 · answered by Thundercat 7 · 0⤊ 0⤋
Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/ed075
2015-01-25 04:00:37 · answer #3 · answered by Anonymous · 0⤊ 0⤋