I buy stock slow as a snail

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

  1. copperhead

    copperhead Active Member

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    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

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    Why don't you just buy an index ETF and save yourself the hassle?
     
  3. GoldenEye

    GoldenEye Well-Known Member Silver Stacker

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    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

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    Yes
     

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