teejayevans
Thinks s/he gets paid by the post
- Joined
- Sep 7, 2006
- Messages
- 1,692
Vanguard is asking me to set my preferred desired cost basis method. I leaning towards either Average (because VG automatically calculates this method) or FIFO (because that should prevent taxing short term gains). Is there any pro/con for either method?
I check VG site, they mention "FIFO gains/losses are market dependent", hmmm, isn't that true for all methods? They also don't list "hands-off" as a pro for the average method, what "hands-on" do I need to do for that method?
TJ
I check VG site, they mention "FIFO gains/losses are market dependent", hmmm, isn't that true for all methods? They also don't list "hands-off" as a pro for the average method, what "hands-on" do I need to do for that method?
TJ
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