03-16-2023, 03:09 PM
Cost Basis Methods for Quickly Traded Mutual Funds
<!-- SC_OFF --><div class="md"><p>If one was to buy mutual funds on Monday and sell on Wednesday for a quick hold, are there any disastrous pitfalls in using an average cost method?</p> <p>Granted, we arent tax sensitive people mostly because taxes just arent our strong suit. We are new to the mutual funds world and while we intend to use it for medium to long term holds, we do like the flexibilty to pull out if need be</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/hcashew"> /u/hcashew </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/11rzxcn/cost_basis_methods_for_quickly_traded_mutual_funds/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/11rzxcn/cost_basis_methods_for_quickly_traded_mutual_funds/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>If one was to buy mutual funds on Monday and sell on Wednesday for a quick hold, are there any disastrous pitfalls in using an average cost method?</p> <p>Granted, we arent tax sensitive people mostly because taxes just arent our strong suit. We are new to the mutual funds world and while we intend to use it for medium to long term holds, we do like the flexibilty to pull out if need be</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/hcashew"> /u/hcashew </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/11rzxcn/cost_basis_methods_for_quickly_traded_mutual_funds/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/11rzxcn/cost_basis_methods_for_quickly_traded_mutual_funds/">[comments]</a></span>