I contacted fidelity about a question, a rep responded with an email asking when I good time to talk would be, I told the rep, never heard from said rep again. So who else better to turn to than the tried and true Blind community, ha.
I went to make my first, what I'd consider "big" stock sell off the other day. About 60k. Before confirming the order I was prompted with a message I hadn't seen before making sure I've assigned my "tax lots" the way I'd like them. This was the first I'd heard of assigning tax lots, got me wondering what other considerations I'm unaware of that I should be heeding for this kind of order.
I have enough money working for me in the market, skimming some off the top to put in a high yield or something, some "opportunistic" funds.
I'm obviously aware of the tax hit on the gains, are there any other surprises waiting to pounce on a novice investor when cashing out worth knowing?
Thanks Fideli...er, Blind
Want to see the real deal?
More inside scoop? View in App
More inside scoop? View in App
blind
SUPPORT
FOLLOW US
DOWNLOAD THE APP:
FOLLOWING
Industries
Job Groups
- Software Engineering
- Product Management
- Information Technology
- Data Science & Analytics
- Management Consulting
- Hardware Engineering
- Design
- Sales
- Security
- Investment Banking & Sell Side
- Marketing
- Private Equity & Buy Side
- Corporate Finance
- Supply Chain
- Business Development
- Human Resources
- Operations
- Legal
- Admin
- Customer Service
- Communications
Return to Office
Work From Home
COVID-19
Layoffs
Investments & Money
Work Visa
Housing
Referrals
Job Openings
Startups
Office Life
Mental Health
HR Issues
Blockchain & Crypto
Fitness & Nutrition
Travel
Health Care & Insurance
Tax
Hobbies & Entertainment
Working Parents
Food & Dining
IPO
Side Jobs
Show more
SUPPORT
FOLLOW US
DOWNLOAD THE APP:
comments
Selling stock to rebalance as financial circumstances change is a valid financial strategy.
Op, tax lot just allows you to decide what lots to sell. For most people FIFO is good. For some of us who over-strategize this crap we may choose alternate. I might LIFO a tax lot to diminish my return as long as it’s still LTCG viable.
There are no other land mines beyond short term vs long term capital gains.
Selling the oldest will destroy your wealth.