We sold a stock (no dividends) and repurchased the same stock a month later. Money investment records for the stock show:
1) buy 100 shares at $522.84 per share
2) sell 100 shares at $559.00
3) buy 105 shares at $528.60
Then portfolio manager shows the average cost as $523.97 which is wrong. The account had only 1 stock and the value went to zero after transactions 1 and 2. Transaction 3 starts a new position. How do we get Money to report the new average cost as $528.60?
Even if transactions 1 and 3 were averaged, the price is still wrong. (100*522.84+105*528.60) / (100+105) = $525.79