Message Font: Serif | Sans-Serif
 
No. of Recommendations: 1
does buying it for him in his account with you wreck computing your returns?

no, just creates more work
we will open another taxable account ('unmanaged') and
I will move this stock over to that account
and then go back and erase any sign of this transaction in the managed side
(I'll put a note in his file to document the whole thing)

ordinarily, it would have been nicer for him to open the account himself but he wanted the stock immediately; only the 2nd time this has happened in 23 years...
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.