Investing 102

[GregWeld]

Originally Posted by 68SS2

I have a recently switched to focusing on this type of investing over the 401K plan I have been using since I got out of school 10yrs ago, so I appreciate the guidance.

I understand how to calculate my cost basis mathematically, but it just gets messy with auto div reinvestment over a dozen different stocks each month/quarter. I am doing as others have with keeping a running total with averages in excel. How do you keep track of your investments to know your cost basis is $41.63 per share?
Thanks

For that particular holding - which is at Wells Fargo Brokerage - that Brokerage tracks it for me. Some brokerages do this, and some don't. I also don't re-invest any dividends since I'm retired -- and live off these dividend payments (as well as other income from other types of investments) - so figuring my cost basis is pretty simple.

Like John said -- I just waste my dividends on "whatever". LOL

Pretty true actually. I'm beyond needing to "save" or build a nest egg.