What advice can you give us for computing the basis for stock we sold over several years through an investment plan?
Kathryn Morgan
Do you mean stock you purchased over several years? Your broker should be able to assist you in reconstructing the purchase prices. If not the web has a ton of sites that can help. Can you give some more info?
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568 weeks ago
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William Keats
Refer to the statements received from your broker. when you purchased the shares. There is a
method called dollar-cost averaging. This is a technique designed to reduce market risk through the systematic purchase of securities at predetermined intervals and set amounts. It is a good way to invest for those who do not have a lot of money. Instead of investing in assets in a lump sum, the investor slowly buys small amounts over a longer time period.
This spreads the cost basis out over several years, providing insulation against changes in market price.
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559 weeks ago
method called dollar-cost averaging. This is a technique designed to reduce market risk through the systematic purchase of securities at predetermined intervals and set amounts. It is a good way to invest for those who do not have a lot of money. Instead of investing in assets in a lump sum, the investor slowly buys small amounts over a longer time period.
This spreads the cost basis out over several years, providing insulation against changes in market price.