Janitor Bob Posted April 4, 2017 Report Share Posted April 4, 2017 Brokerage statement is 213 pages.....total LOSS (ST + LT) is $13,425. Investments fees $2,426. I'd be moving my money 6 Quote Link to comment Share on other sites More sharing options...
bbstacker Posted April 4, 2017 Report Share Posted April 4, 2017 This may be a "managed" account where the investor is charged a fee based on the value of the account, not on commissions. From what I'm seeing on some brokerage statements the fees are relatively small. If it is a managed account the number of trades may not be that important. Obviously, the loss is important as well as any unrealized gains and losses. Is the value of the overall portfolio increasing? 2 Quote Link to comment Share on other sites More sharing options...
Roberts Posted April 4, 2017 Report Share Posted April 4, 2017 If they are charging a flat percentage fee on assets in the portfolio, churning is very difficult to achieve. Most likely, they are in a computer assisted trading program which is designed to meet their needs while actively avoiding the realization of taxable gains. What's the value of the portfolio, the income produced within it, services received for the fee, what are the non realized capital gains for the same period? Quote Link to comment Share on other sites More sharing options...
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