Selling Small Positions for Small Profit

As part of my plan to reduce financial complexity, I am selling off small lots (1-25 shares) of stock that I have purchased over the years.  When brokerages eliminated commissions, it became too easy to purchase a few shares, even as few as one share, of stocks that I had some interest in owning.  It was easier for me to follow shares that I own versus a watch list.  Over time, these small lots have grown, primarily because I don't like to sell at a loss.   Now have have over 100 small lot shares, with many being losses.

With the rising stock market, I am taking the opportunity to sell off the small lots.

• In taxable accounts, I have already sold many of the small lots, even at a loss since I can offset gains.  This has helped simplify these accounts
  
  
• In tax advantage accounts, such as IRAs, I waiting for small lots to become profitable, before selling them.  This may be a slow process since I typically have kept stock losses, which are many due to hoping they will recover.  However, with the market advance, I have been able slowly trim the small lots.
  
  If I can't sell off my small lots in the next year at a profit, I plan to group all the positions in one or two accounts. That way I won't have to check multiple accounts to find them, which will make managing the positions much simpler.

I expect this will be a slow process that will take about 6 months to a year to conclude.

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This is not financial nor investment advice. Please consult a professional advisor.

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