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|Subject: Re: FIFO or LIFO when booking gains?||Date: 2/11/2013 11:21 AM|
|Author: notehound||Number: 415600 of 510787|
It doesn't matter in an IRA account.
I was sort of thinking that I should choose LIFO in the IRA account so that a small market drop (say under 10%) would show less "red" on the remaining control panel if the shares I purchased first were bought at a greater discount to current price.
I.e. - I would have permanently booked smaller gains, but the control panel would still look "green" to my DW after the drop, since she seems to consider my trading performance as sub-par if anything I have bought shows "red."
I really should turn the IRA account over to a professional so she has someone else to blame when the next big correction comes.
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