"So you point regarding brokerage fees and CGT was????"
Thats another simple concept.
The maximum *aggregate* return available to all investors / traders in an asset is the buy-and-hold return.
Trading incurs costs (commissions, CGT etc) which reduces the *aggregate* profit available to investors / traders
i can cure chartists, page-88
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Last
8,118.8 |
Change
-41.200(0.50%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,160.0 | 8,160.0 | 8,063.2 |
| XJO (ASX) Chart |