Portfolio clean up strategy for low value stocks
How do you deal with very low value holdings?
This happened to me when:
1) Stock drops to very low level and stays there
2) Reverse merger or spits into 5 share of XYZ worth $50
3) Dividend reinvestment kicks in after you sell the whole thing – what a pain
I like to keep track of my portfolios in a spreadsheet so importing all that data gets tedious. On the other hand, one day, just maybe, these things could be worth something, and it is just a digital hoard after all. Well, there is some cost, in non registered account, for tax, calculating the ACB, dividends for decades gets tedious. Commissions: paying $6.95 to get $50 would get rid of the problem.
This happened to me when:
1) Stock drops to very low level and stays there
2) Reverse merger or spits into 5 share of XYZ worth $50
3) Dividend reinvestment kicks in after you sell the whole thing – what a pain
I like to keep track of my portfolios in a spreadsheet so importing all that data gets tedious. On the other hand, one day, just maybe, these things could be worth something, and it is just a digital hoard after all. Well, there is some cost, in non registered account, for tax, calculating the ACB, dividends for decades gets tedious. Commissions: paying $6.95 to get $50 would get rid of the problem.
Me too, I have 2 shares of Yellow worth $13.98 plus a Yellow warrant expiring 2022 worth $0.40.