transfer to wife 1 share of 100 diff stocks?, page-25

  1. 568 Posts.
    Here's what Ive done the last week:

    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.

    A
 
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