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What is your preferred Cost Basis Method?

QuestionsCategory: QuestionsWhat is your preferred Cost Basis Method?
Eric Ash asked 4 years ago
Hi Pat and team!  Very grateful for your work and efforts in educating your team!!  Question: when buying and then selling into strength using the pyramid approach, what is your preferred COST BASIS METHOD?  With Schwab, mine defaults on FIFO (First In First Out). Other options are LIFO, High Cost, Low Cost.  Thank you!!  Eric
1 Answers
Avatar photoOwen Staff answered 4 years ago

Hi Eric,
Pat made this video for you:
https://youtu.be/-rPLvs_ME_4