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Author: Bob78164 Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121114  
Subject: Re: Choosing Which Shares to Sell Date: 10/8/1999 7:24 PM
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elibort writes (in part):

The specific identification method is the right way to plan the sale. Why does this person have to worry about the cooperation of his broker? He obviously knows what he intends to buy --- why doesn't he buy the second lot from a different broker, or through an online broker?

I reply:

He has to worry about the cooperation of his broker in at least two circumstances. First, he may already have purchaed the lots he intends to sell. Second, when the time to sell arrives, he may find himself wanting to sell more than any one broker holds on his behalf.

Moreover, the extra paperwork involved can be a major pain. Suppose he wants to dollar cost average into the stock over a period of months, or even years. Should he find a different broker for each purchase? In my opinion, it's easier simply to find one broker who will acknowledge a request for specific identification. --Bob
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