FIFO = First in, first out
I'm hearing this talk about congress eliminating the ability to sell shares of stock that you bought recently (instead of farther back in time) in order to lower capital gains taxes. I'm an index fund investor, so what if I own multiple different funds? For example if I want to own an S&P 500 index fund I can dodge this law (if passed) by simply investing in SPY, VOO, IVV, MUTF. Then if I need the cash I'll just sell the more recent fund that I invested in.