Brother we are on the same Monopoly square with different paths. This is an investment company and like a fund your brokerage is an operating expense. A variable expense but an operating expense. Just like any other fund but more obvious because its a listed company. Your maths says you are down 40-50% since inception? What I am saying is that about HALF the losses in that time are brokerage and commission. 3-5% per annum x 5 or so years = about half the losses. So if that cycling starts making more sense on a portfolio that is really long only then there is hope. I've been trying to work out why Oracles watchlists rarely materialise. This is a part of it.
TGF Price at posting:
$1.26 Sentiment: None Disclosure: Held
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