CronoDAS comments on Gauging of interest: LW stock picking? - Less Wrong

7 Post author: simplicio 01 January 2013 06:36AM

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Comment author: CronoDAS 01 January 2013 09:05:06AM *  9 points [-]

A major problem with stock picking and other similar forms of investing is that transaction fees tend to eat up your profits. My brother, who works on finance, placed a bet on gold prices with some of his personal savings; his prediction was correct, but he lost money on the transaction fees.