Would like a "Sell all shares" feature
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Posted by Richard Hoffman on February 06, 1999 at 00:04:36:
One of the features that I would dearly like to see is an option to "sell all shares" of an investment, especially mutual funds.
The problem stems from a situation in which fractional shares are calculated and purchased either through round dollar purchases (i.e. $1000) or distributions.
When one tries to sell the entire holding based upon the information provided by a sell transaction statement often little fractions of shares are left hanging
around resulting in pennies and minus signs appearing for the valuation of the supposedly closed investment.
A "sell all shares" feature would make the balance an absolute zero. Does anyone else have this problem or is there some other solution?
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