Need advice on cost basis calculation for mutual fund sale

Before I made my first investment in 1985, my CFP (FA) spent about an hour educating me on the importance of tracking cost basis by keeping every trade confirmation as well as statements. Now the brokerages keep that information, but they were not required to in 1985. Now it is all in Quicken, so I have that data instantly available.

So see? Not all financial professionals are worthless. :)

Now don't go needling me about financial professionals like that! :)

Honestly, back in the 80's, I knew I'd need to track the cost basis of my investments. That was pre-Internet, so I guess I learned it from a book, or maybe the IRS instruction sheets, probably obtained free, from the library. ;)

-ERD50
 
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