On Fri, Jun 27, 2014 at 4:00 PM, Rick Farnbach <[email protected]> wrote:
> Great find. Breaks all financial transactions into a series of templates > to be followed. I'll definitely use that book as a reference going forward. > > In regards to the current conversation, here's the relevant quote. > > Stock Cost = (Shares Purchased × Price Per Share) + Commissions + Other > Transaction Fees > > Notice that the commission is capitalized, not expensed. That's clearly > where we have been going wrong. > There's no right or wrong, right is how you choose to look at it. Usually you want to look at it the same way the tax man does, but you may also want to be able to look at your PnL separately from its trading costs. Pulling it out of a book doesn't legitimize it one way or another. -- --- You received this message because you are subscribed to the Google Groups "Ledger" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
