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Author: JeanDavid Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121217  
Subject: Re: cost basis for stocks that have split Date: 2/14/2014 10:28 AM
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I was not kidding about keeping all stocks in an IRA or Roth-IRA.
I recognize that this may not be the best advice if you are interested in the results of your investing. But it simplifies tax reporting. And all that happened before I realized the tax implications of what was happening, and 20 or 30 years before I got my first home computer. To make matters worse, most of my records disappeared during one of my many moves. A super headache.

Nowdays, I would keep spreadsheets, etc., of the required information, I have since bought a large 2-drawer filing cabinet mainly for tax and investing information, etc.

In my life, things would have been simpler had my parents bought such a filing cabinet for each of their children and started keeping stuff from birth certificates onwards for each of us. But they didn't. And mine would not have survived anyway because the Nazis bombed where that would have been kept for the first few years. Try to collect your social security if you cannot produce a birth certificate! The social security administration will not even accept a U.S. passport as proof of age: they do not trust the State Department. But they accepted my payments from 1952 onwards. They knew my age then, but forgot it when I tried to sign up to collect.

Bureaucracy will be the collapse of civilization.
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