younginvestor2013
Recycles dryer sheets
- Joined
- Feb 6, 2013
- Messages
- 226
When buying ETFs or stocks, which accounting method do you choose and why?
I was going to chose one that calculated some sort of average (I believe that was an option), but after some research I opted to choose the specific ID method for all of my ETFs.
My rationale is that I will have more control over which capital gains I want to realize and how much (from a tax standpoint) should I sell, re-balance, etc. Vanguard makes it easy with their yearend forms and online cost basis calculators anyway.
I was going to chose one that calculated some sort of average (I believe that was an option), but after some research I opted to choose the specific ID method for all of my ETFs.
My rationale is that I will have more control over which capital gains I want to realize and how much (from a tax standpoint) should I sell, re-balance, etc. Vanguard makes it easy with their yearend forms and online cost basis calculators anyway.