Bought about 50 stocks in approx $1,000 parcels. I dont really want to hold 50 stocks by 1k for too long, so as each stock covered my buy/sell brokerage + tax implications ..Ive sold all but 1 share.
ie once each share showed some 8-9% return (ie approx $80)..Ive sold all of them except one.
My theory being $80 profit will trigger approx 40 bucks tax, + $20 x 2 for my buy/sell brokerage fees.
Ok, getting 8% isnt easy in one week..esp this last week, and only sold about 15 of the 50 so far. But total cost is only $42 for these 15 stocks and need to sell the other 35 as i reach my 8% target.
Could take a few weeks (?), and the payoff could be a slow process, but Im willing to work this thru for awhile, and see how things go!!
And yes, not a system for all, but suits me to think outside the box and test the theory.
