PEARLER FEATURES
How do I know which shares are being sold?
I have 141 shares in VGS. I bought 55 in a single transaction at $96.76. Does Pearler allow me to sell only those 55 shares? If I go select "Sell VGS" and request to sell 55 shares, which ones are being sold? It isn't clear how Pearler selects the shares to be sold. Are they first in first out?
Stephen Cookson
21 March 2024
Follow
1 Comments
8 months ago
Hi Stephen.
Good question. For the practicality of a sale, all shares are considered equal on the Pearler platform (and any other brokerage for that matter). It’s all just one holding.
What really matters is how you record it for tax purposes. It’s up to you which shares you consider sold. And you do that either via keeping a record – paper or spreadsheet – or via the Sharesight platform if you use that.
If you record those details – 55 shares sold at X price, this then matches up nicely with your purchase quantity. So then at tax time you would declare the capital gain between what you paid vs what you sold for.
Hope that helps.
Dave
Like
1
•
Reply4000 characters left
Post Comment
Related posts
Pearler Features
Is it time for Pearler to start paying interest on our Cash Accounts?
Pearler has previously hinted at interest payments on Cash Accounts. Obviously that wasn't realistic while rates were so...
Pearler Features
I want to invest 40% / 40% / 20% for VAS / VTS / VEU, which Autoinvest will make that happen?
Hey all, If I want to invest 40% / 40% / 20% for VAS / VTS / VEU, which Autoinvest strategy will make that happen for mo...
Pearler Features
Micro Automation from Pearler Cash
Hi Everyone, I've been investing with micro every so oftern with $50 deposit or more and I realise I could actually tra...