There's a genre of HN comments I never want to have to make again about discount brokerages and retail investors so I wrote the consolidated omnibus version to copy/pasta into future discussions about it: https://www.kalzumeus.com/2019/6/26/how-brokerages-make-money/ …
If you pay 200 basis points on 10% of your assets that is equivalent to paying 20 bps on your portfolio.
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Of course, got it. Thanks.
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