Selling Stocks
Just a quick question about stocks.
You buy X amount of shares at $30
-Then-
You buy Y amount of shares at $14
can you just sell the Y amount of shares you bought at $14 or is it that you have to sell first the ones you bought first?
i heard this somewhere and it doesn't make sense to me but i wanted to make sure
You buy X amount of shares at $30
-Then-
You buy Y amount of shares at $14
can you just sell the Y amount of shares you bought at $14 or is it that you have to sell first the ones you bought first?
i heard this somewhere and it doesn't make sense to me but i wanted to make sure
Comments
Originally posted by Anders the White
There are no such rules,
i figured as much, because it doens't sound true...thank you
Originally posted by Anders the White
Yes my first post was to be about that. But I think ast3r3x would be wise enough not to ask the question if that indeed was the case.
You are too optimistic about the American education system, my European friend.
Originally posted by torifile
Ummmm, if they're the same stock, what difference does it make?
hmm...didn't really think about it...well i'd rather well the lower ones so that i'm not loosing money at the time
Originally posted by ast3r3x
hmm...didn't really think about it...well i'd rather well the lower ones so that i'm not loosing money at the time
If you buy shares of the same stock at different prices, you just average the cost to get your cost per stock. You would need to use a weighted average if they were different amounts. So, if:
You buy 75 shares at $30 and 100 shares at $14, you average cost per share would be ((75*30)+(100*14))/175 or $20.85 not including transaction fees.
Originally posted by torifile
If you buy shares of the same stock at different prices, you just average the cost to get your cost per stock. You would need to use a weighted average if they were different amounts. So, if:
You buy 75 shares at $30 and 100 shares at $14, you average cost per share would be ((75*30)+(100*14))/175 or $20.85 not including transaction fees.
right i get it...well i never really thought about it until ur post earlier
doesn't matter what you paid
only matters what the market price is
Originally posted by I-bent-my-wookie
all the shares are worth 14$
doesn't matter what you paid
only matters what the market price is
That's true, but if he sold at $14 he would only lose $6.85 per share as opposed to $16 per share (using the example I used earlier).