The pencil and paper is for me a backup system, for when the computer goes down, or the net, or the broker's site, or whatever ... the record is mostly for those times when the house screws up your order, which doesn't seem to happen much any more, but it could .... as for acb, i keep kind of a running balance going in my head, it's probably quite inaccurate often because i rarely buy or sell all of a stock on one day, usually scale into them and then scale out, add some or let some go even on long-term holdings ..... but it doesn't matter much imho, i have little interest in computing things up daily or weekly, think it might be bad luck, like counting your chickens .... for tax purposes i just take the summaries the houses send at the end of the year, calculate acb and gain/loss on an net annual basis from them, and notate the very same summary to that effect - in pencil -g- .... haven't been called on this yet, mind you i haven't been audited on trading for over ten years
It's really quite fast to jot stuff down, i can do it thoroughly while the next order entry pages are loading ... that's the beauty of old machines on dial-up, you get lots of chores done in between pages -g- ..... cheers |
