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Maybe not a bad idea, but you would have to have 2 accounts. If you don't, the first in-first out rules would have you selling the wrong stock. And that may ruin your plans of holding and taking long term capital gains.
Maybe not a bad idea, but you would have to have 2 accounts. If you don't, the first in-first out rules would have you selling the wrong stock. And that may ruin your plans of holding and taking long term capital gains.
Yes, I know many that do exactly that (including me). I have a long-term stock portfolio account and a short-term trading account with different brokers.
I also keep my mutual funds separate (T.Rowe Price).
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