I’m glad! Leaving my cost basis as ‘average cost’ was a mistake that bit me back in 2022 in the last stock market drop. It prevented me from tax loss harvesting and has cost me thousands since! Changing yours now will give you flexibility in the future to minimize taxes
Love this post! Haven’t sold many stocks so far, as I’m holding long term, but am going to update my cost basis method after reading this
I’m glad! Leaving my cost basis as ‘average cost’ was a mistake that bit me back in 2022 in the last stock market drop. It prevented me from tax loss harvesting and has cost me thousands since! Changing yours now will give you flexibility in the future to minimize taxes