Rich and Co.

Commissions the Individual Investor Penalty

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“For their discount broker …spread plus commission costs amounted to a sizeable 4% on a round-trip basis with a turnover rate similar to mutual funds. Hence, if there were any under-performance of households relative to institutional investors…it was most likely due to higher commissions paid by households as spread costs were similar.”


Written by Rich and Co.

March 13, 2017 at 6:13 pm

Posted in Uncategorized

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