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re: Betterment CEO: Senate tax bill is a hike on retail investors because of the FIFO mandate
Posted on 12/4/17 at 11:12 am to Volvagia
Posted on 12/4/17 at 11:12 am to Volvagia
quote:
Who puts X dollars a month into a single company? Or even if she is adjusting different companies, it still really isn't a common application.
Tons of people. Especially if you are buying your own companies, at a discounted rate.
1
Posted on 12/5/17 at 12:38 pm to Tshiz
quote:
Tons of people. Especially if you are buying your own companies, at a discounted rate.
How are you doing this in a retail brokerage?
quote:
What?
Using robo investing putting a flat amount on a regular basis to exclusively say GE or Disney doesn't seem to be a common application.
As described in the OP, mutual funds would be more common usage, which isn't affected by the provision as I understand it.
I am far more interested in the "assumed long term capital gains rate of 25%" than mandating lot order of stock for general investors. Where did that come from?
This post was edited on 12/5/17 at 12:43 pm
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