I buy stock slow as a snail

Discussion in 'Stocks & Derivatives' started by copperhead, Apr 10, 2021.

  1. copperhead

    copperhead Active Member

    Joined:
    Feb 10, 2014
    Messages:
    405
    Likes Received:
    60
    Trophy Points:
    28
    When I study Stocks , the Buying and selling , capital gains I see my stile is like Silver stacking
    But since Stock profit is ultimately a capital gain . How does a accountant even consider the true gain
    of a Stock Stacker who buys stock in increments of $20 $100 and so on to accumulate hundreds of stock company's I have about 350 different ownerships & don't see me stopping
    I assume the entire portfolio is viewed as One on a year to year basis
     
  2. wrcmad

    wrcmad Well-Known Member Silver Stacker

    Joined:
    Jan 2, 2012
    Messages:
    6,644
    Likes Received:
    1,502
    Trophy Points:
    113
    Location:
    Northern NSW
    Why don't you just buy an index ETF and save yourself the hassle?
     
  3. GoldenEye

    GoldenEye Well-Known Member Silver Stacker

    Joined:
    Dec 31, 2014
    Messages:
    2,088
    Likes Received:
    3,132
    Trophy Points:
    113
    Location:
    Melbourne, Australia
    I guess the tax issue depends on where you live. In Australia it's calculated when you sell your assets, and the level of tax owing can depend on how long you owned the asset and how much personal tax you're already paying.

    I'm not an accountant, but I'm guessing that calculating tax on such a large amount of small transactions would be a bit messy.
     
    66rounds likes this.
  4. copperhead

    copperhead Active Member

    Joined:
    Feb 10, 2014
    Messages:
    405
    Likes Received:
    60
    Trophy Points:
    28
    Yes
     

Share This Page