The simplest answer to “why?” Is simply FIFO. The fact that they’re trying to ge... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		zbruhnke on March 3, 2020 \| parent \| context \| favorite \| on: Robinhood Is Down Again? The simplest answer to “why?” Is simply FIFO. The fact that they’re trying to get people to increase trade volumes while being stuck to one very limiting tax strategy is bad. If you’re buying stocks you want options and only having FIFO is not a good option

cloakandswagger on March 3, 2020 | [–]

I highly doubt anyone with a portfolio worth $1000 or less knows or cares about things like loss harvesting.

paulgb on March 3, 2020 | [–]

To a retail investor who just wants to buy some ETFs and shares of AAPL to get their feet wet, none of these things matter, so this doesn't really answer the question.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact