When to Buy More of the Same Stock | Lower the Cost Basis When You Can

When to Buy More of the Same Stock | Lower Cost Basis When You Can

In this video, I go over when to buy more of the same stock and why it is important to lower the cost basis when you can.

Stock market investing can be very tricky to know when to buy and sell stocks for beginners. This stock buying strategy can help you in your investing. Pretty much what I am saying here is lower cost basis in those companies you have confidence in and it will pay off in the end.

The example I use is my Tesla Stock (TSLA STOCK) and how it has paid to keep lowering cost basis.

Hope this helps Wealth Giants,

Ryan

Intro Credit to ONdraid from panzoid

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[WealthGiantswithRyan]

I hope this helps you overcome the fear of the price dropping in the companies you are investing in, and allows you to lower your cost basis. Keep investing Wealth Giants.

[absolutepowerchannel]

I needed to hear this so urgently. Thanks.

[Felz_itis]

So say someone purchased dodgecoin at $0.17** a stock and owns 1, 000 shares. But then a week later it dropped to $0.5, can I buy more stocks like 1, 500 shares to lower the original $0.17** stock purchase ? Like will that lower the overall price so I can sell the stock and buy back in low?! 😅😅 sorry if you’ve already answered this I’m new to investing, started with Robinhood before jumping into anything bigger. Thank you in advance 🙂 I just discovered your channel and have been watching all day

[tomtomjustsayit]

Thanks for this video, I just started investing and this is the best information that I received so far, again, many thanks.

[mindsterv]

For each of those shares, the gains or loss will be at the avg cost rate? Or at the original purchase rate?

[lisachubrilo]

I understand buying at lower cost. My problem is I have a huge profit. I bought in ridiculously low I'm up 400%. Now it's on sale again which is still 3 times more than my cost average. If I start buying at this low price well my cost will go up...i have huge confidence in this company. However I feel weird raising my cost basis. Any thoughts? I do want more stock of this. Should I open a new account and start buying? Sorry I'm new..just started Oct 2019.

[passivedividendsoptions]

Even better now with the new ruling that Stocks settle in 1 day vs 3 days.

[cashoption]

What happened to dca every paycheck into your investments

[TheExplosiveExGamer]

let's say you have 4k worth of tesla at an average cost basis of 750, if you scalp and buy Telsa at 500 and sell at 502 and rinse and repeat this method, is it a good way of reducing your cost basis whilst making small profits? I imagine this would be a good method if your liquidity is low. Just FYI, I'm using a commission-free trading app so I don't have to pay a fee per trade.

[kurtwendler]

I own 150 shares at 17 per share and now 2.00 so I want to buy bunch to get rid of some losses but I want out

[markeis]

When I buy stock at say, $30 and then buy more of it at $50, is the stock I bought at $30 more valuable or is the 50$ stock more valuable?

[lj]

If you buy 2 shares or more of the same stock do you gain more money or no

[AwfulEye]

i kinda want an update on this lol you got in at an incredible time, considering how much its worth. still got those shares?

[huh]

Hey so what’s a better position?

Buy one stock at $600 and keep it long term
Or
Buy one stock at $600 and then buy again around $800 if the stock keeps going up?

[FrankReynolds]

What I really want to know is, how does this affect the selling of stock. For example:

I purchase 1 stock for $50.
Two months later, I purchase the same stock for $200.

Now lets say, on the third month, the stock price is now worth $300. If I then sell one of my stocks, have I made a $250 profit or a $100 profit? How does the system know what stock I want to profit from? Is there an equation of some sort?

Any help would be welcomed.

[iknow]

I Own 20$ of GME (GameStop) and i want to buy 20$ more of the same stock to make it 40$, so my question is can i just buy 20$ more and it will make the stock valued at 40$ or do i sell that 20$ stock and re-buy GME at 40$? Thanks!

[indiestarz]

If I buy shares of a stock and it tanks, and is trading sideways for a while, should I buy more of the stock to lower my cost basis, so I can sell it all when it goes back up a little? Am I losing money?

[ruephillyunreal]

Question, If I wanna buy more of the same stock I have that I bought at a cheaper price but I wanna add more money to day and the price is higher now which price do I pay even though I have the stock already

[josephromero]

So I'm on webull and yesterday I bought 20 shares at 2.3 and it went down to 1.9 I bought 3 more shares and it just went on to my 2.3 shares that I bought so if I buy something that low say at 2.1 a share and it goes up to 6-7 $ if I buy more shares when it goes up does that go towards the shares I bought before or is that a whole new share I'm new to this so I'm pretty confused

[TheodoreBEng]

say i bought 100 shares at 30 dollars, then I bought 50 shares at 20 dollars. And sell 50 shares at 25 dollars, would it be the moving average that i sold from or would it be from the 50 shares that i bought at 20 dollars?