Hifo

Daryl in Georgia says, Wes, when selling an asset, Vanguard offers several ways to list the sale.

You can do FIFO, HIFO, minimum tax, or average cost.

How do I decide which one to choose? Daryl, there's...

I don't know if I said those right, by the way.

F-I-F-O-H-I-F-O.

Yeah, so it's HIFO,

FIFO.

I think, did he say LIFO too? I don't know if there is.

Thank you very much.

Which do you like for your accounting method? HIFO, LIFO-

Mm-hmm

...

Uh, all these different whatever FO's, uh, stand for something in, something out.

Mm-hmm.

So, uh, in the HIFO case it would be highest in, first out.

Uh, FIFO, first in, first out.

Daryl in Georgia says, "Wes, when selling an asset, Vanguard offers several ways to list the sale.

You can do FIFO, HIFO, minimum tax, or average cost.

How do I decide which one to choose?" I don't know if I said those right, by the way, F-I-F-O, H-I-

Yeah, so it's HIFO, FIFO.

I think y-

Minimum tax or average cost.

If you sell anything in the stock that's 90, you're gonna have a big tax bill.

If you sell the 10,000 that's still worth 10,000 and there's no gain, there should be zero tax bill.

We've talked about Samad doing his thing.

You know, we're in HIFO until that injury was a real factor for this group.

I still think one of their guys, Walker, purely put up the second highest of that group.

There was obviously a point in the middle where it looked like, OK, the fun had run out of the train.