Investing General Discussion

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Sanrith Descartes

Sanrith Descartes

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Khane said:
There are brokerages and advisors that still charge fees/commissions on trade execution?
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In this one they charge a fee based on a percentage of account balance. For that luxury you get no commissions and shitty trades
 
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Sanrith Descartes

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1678992291669.png
 
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Mist

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Just getting some general opinions, but odds on MSFT regaining its previous high in the next year?
 
Gravel

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Sanrith Descartes said:
And then there is this:
I did a client's tax return last night. He "pays" an advisor of a big firm to run his brokerage account. Client is a solid 5%-er, very upper middle class. He paid $6500 in advisor fees in 2022. Advisor made more than 50 trades in this account. He lost money on 83% of the trades. So he made money on 17% of his trades. 17 fucking percent. And paid $6500 for the privilege.
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Hopefully it's also not a % of AUM.

That's when you really get fucked.
 
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Tmac

Tmac

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Sanrith Descartes said:
And then there is this:
I did a client's tax return last night. He "pays" an advisor of a big firm to run his brokerage account. Client is a solid 5%-er, very upper middle class. He paid $6500 in advisor fees in 2022. Advisor made more than 50 trades in this account. He lost money on 83% of the trades. So he made money on 17% of his trades. 17 fucking percent. And paid $6500 for the privilege.
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Did he barely lose on 83% of the trades and hella win on 17% of the trades?

Bc what you're saying could potentially lead to do very diff outcomes. Sounds like you're saying he lost a bunch of money though. How much did he lose?
 
Sanrith Descartes

Sanrith Descartes

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Tmac said:
Did he barely lose on 83% of the trades and hella win on 17% of the trades?

Bc what you're saying could potentially lead to do very diff outcomes. Sounds like you're saying he lost a bunch of money though. How much did he lose?
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Not an insignificant amount. Unless you are comparing it to Moglyzoke Moogleman Moglyzoke Moogleman loses. In that case it was a mere pittance.

I looked most of the actual trades and companies. Most were total trash. Probably companies this guy was getting a commission on to sell.
 
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Big Phoenix

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FRC gonna need more than 30 billion in loans i guess;

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