Average cost vs Individual cost
Hi all,
I am a newbie here. I do trades in South America, around here is usual to compute cost (including brokerage and other fees) as average, so that if one buys the same stock n times over a month the cost will be calculated not by each trade, rather it will be consolidated, so that in your final position you dont see each individual "bought position", but only the total position of that asset. That will mean that when you sell that asset, what you have is only a total quantity (with an average cost associated) of it, meaning you cant "choose" a certain position to be sold. Ive seen this is not how the international market works, at least not in USA, is there an reason for that?
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