*AV*--If you would allow me an ever so slight creative license, I have the example for you. Since I am home with the flu today, I went through my stock transactions and came up with this paper trail even though at times funds got co-mingled (numerous buys and sells on the same day.
However, this can, in hindsight be the $5000 to $100K example.
ASYT-IPO at 9 (550 shares = ~ $5000), sold at 50 for a $27,500 value.
CFMT- 3200 shares at $8.50, sold at $25 = $ 80,000 value.
CFMT- 3500 shares at $23, sold at 28 3/4 = $ 100,625.
The only 2 flaws to this are:
1.Delay in time between ASYT sale and purchase of CFMT. Money was making money during this time frame but was not factored in. Some of these funds were used to buy ASMLF and WFR at IPO.
2. IRS got their capital gains tax on ASYT last year.
It is definitely an unfair scenario I pointed out but it is, nonetheless, accurate. I love a challenge and would not have even bothered if I weren't going stir crazy.
So, in actuality, it can be done |
