Q: Following up on question on January about the cost basis for TOI on shares I received from the spinout.
I have this problem in my own accounting for TOI or for any stock where I have sold at a value more than I paid for it. (Nice problem to have!). But how to I account for its growth.
Or more specifically, how do you account for its growth? I would like to be able to judge its performance. Questrade always seems to have a non-zero purchase price though it seems a bit arbitrary.
Kevin
I have this problem in my own accounting for TOI or for any stock where I have sold at a value more than I paid for it. (Nice problem to have!). But how to I account for its growth.
Or more specifically, how do you account for its growth? I would like to be able to judge its performance. Questrade always seems to have a non-zero purchase price though it seems a bit arbitrary.
Kevin
5i Research Answer:
For accounting for growth, we think the best methodolgy is to use its starting trading price....