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Author: yobria Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75530  
Subject: Re: IRA Roll Over Date: 2/3/2004 7:18 PM
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Perhaps you shouldn't make such assumptions--for example, in a portfolio of over $1 million, one can easily make 120 trades per year without it 'costing' money in the long run...

I don't think anyone should be making 120 stock trades per year. Commissions, the bid/ask spread, your time, and taxes add up. If you've got a $1MM portfolio, I hope you've got a diversified portfolio of 15 stocks, and have a turnover or 20% or so- that would be 3 trades per year.

Everyone I know who made millions in the stock market did it by buying and holding for the long term and keeping costs down.
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