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You're tuned in to the Investing for Beginners Podcast.

Finally, Step-by-step premium investment guidance for beginners.

Led by Andrew Sather and Dave Ahern to decode

industry jargon silence crippling confusion and help you overcome emotions

by looking at the numbers.

Your path to financial freedom starts now. All right, folks, so to Investing for Beginners Podcast. This is episode 42. Andrew and I are going to do something fun tonight. We're going to answer some reader questions.

We've gotten some emails in the last week or so

that had some interesting questions. Andrew and I thought we would chat a little bit

about those. So without any further ado, Andrew I'm going to turn it over to

you big guy and let you start us off

Yeah, let's catch up on some of these, huh? Yeah, first one person Allen he says hey Andrew in the last episode 39 the question was asked when you buy stocks over time and then you sell which gets sold first

The ones you bought or latest ones

Alan says you and Dave said it didn't matter from a profit standpoint is correct but for calculating capital gains tax it can mean the difference between long-term

and short-term capital gains. So if I buy 10 shares of stock XYZ a year and a half ago,

assuming long-term capital gains kicks in after one year, and I buy another 10 shares three

months ago, and today I sell 10 shares

will I pay short-term or long-term capital gains on the sale?

So, Alan, you're absolutely right. It does matter as far as capital gains taxes go I mean like we

mentioned in the episode there's that cutoff time of of of 12 months and so if you've

held the stock for less than 12 months it's a short

term capital gains longer than that's long term so in essence if you were to

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