Part of this underperformance was due to selling during crashes and buying during booms, part of it had to do with
frictional expenses such as brokerage commissions, capital gains taxes, and spreads, and part of it was the result of taking on too much risk by investing in assets that weren't understood.
Not exact matches
These commenters asserted that unless the Department took such an approach, it could be forced to grant a series of short extensions, which would produce serious
frictional costs, protracted uncertainty (for advisers, financial institutions, and retirement investors), wasted
expenses on interim and conditional compliance efforts, and unnecessary market disruption.
«Cost - effective implementation is a critical component of every advisor's tool kit and is based on simple math: Gross return minus costs (
expense ratios, trading or
frictional costs, and taxes) equals net return.