You have a $109 comma 000 portfolio comprising 10 stocks. you trade each stock five times this year and each time you trade, you pay about $30 in commissions and spread. you have no special knowledge, so you earn only the average market return of 11% on your investments. how much lower will your total return be because of your trades?

Return will be 1.3 % lower

Explanation:

We have given that you have a $109000 portfolio which contain 10 stocks

So number of stocks = 10

Number of times traded each stock = 5

Commission and spread pay = $30

So total expenditure = number of stocks ×  number of times × commission and spread per trade = 10×5×30 = $1500

So in percentage %

So return will be 1.3 % lower    

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