Business, 18.03.2020 19:00 salvadorjr1226p4zkp3

You have a $106 comma 000 portfolio comprising 10 stocks. You trade each stock five times this year and each time you trade, you pay about $29 in commissions and spread. You have no special knowledge, so you earn only the average market return of 14% on your investments. How much lower will your total return be because of your trades?

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You have a $106 comma 000 portfolio comprising 10 stocks. You trade each stock five times this year...

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