“Make sure you understand your account provider's options for assigning a cost basis… The default method is FIFO… The other, more foolish choice, is choosing specific shares”
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What was described
Select specific shares (or FIFO) when selling stocks, ETFs, mutual funds, or bonds to control cost basis and holding period
Said nearby on the same subject
“The inflation component in nominal bonds plays an important role… when you hold nominal bonds, that's of course exposed… the increase in bond risks has some similarities… bonds and stocks have moved together.”
“We also need to start building technology to offer this not just in ETFs and mutual funds, but also in managed accounts… use technology to start bringing these customizations.”