Jump to content
  • 0

crazy fees

Question

I have been investing in for exactly 18 months i am 27 years of age. 

today i wanted to see how well i have done over the past 18 months. I knew i didn't do too well as id hoped as in the beginning i brought high sold low, nevertheless i got a grip of my emotions, so today i checked my portfolio value it was up by 7% however the fees i had accrued over the past 18 months was 9%  of my account value so i am minus 2% overall.

can someone help me out here, what am i doing wrong? any comments would be appreciated 

Share this post


Link to post

2 answers to this question

Recommended Posts

  • 0

Maybe you haven't yet realized that big profits are made from professional fees and other forms of skullduggery and not from 'buying lows and selling highs'.  😉

Share this post


Link to post
  • 0
On 22/10/2019 at 20:34, bkhan said:

I have been investing in for exactly 18 months i am 27 years of age. 

today i wanted to see how well i have done over the past 18 months. I knew i didn't do too well as id hoped as in the beginning i brought high sold low, nevertheless i got a grip of my emotions, so today i checked my portfolio value it was up by 7% however the fees i had accrued over the past 18 months was 9%  of my account value so i am minus 2% overall.

can someone help me out here, what am i doing wrong? any comments would be appreciated 

Hey @bkhan

I hope you're well. I would advise contacting our help desk. Depending on what you're trading and how long you're holding them for they may be able to help you pick more cost beneficial products or show you ways to make your profit/ loss clearer. 

For example if you're trading on a share dealing account they can incorporate the fees into your booking cost meaning when you sell your shares the profit/ loss will be more accurate. 

If you're trading on a leveraged account they will be able to determine after which date that the forward/ futures contract would be more cost effective for you. 

I hope this helps, let me know if you need anything else. 

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Answer this question...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Member Statistics

    • Total Topics
      12,845
    • Total Posts
      65,878
    • Total Members
      87,005
    Newest Member
    KubaLibre
    Joined 31/10/20 18:00
  • Posts

    • 👀 ... PM announcement due at 4 pm.  
    • Lockdown until the flu virus (corona) is beaten for good. Victory at any cost. You know it makes sense!!!!!    The absolute state of these clowns ... Apparently, SAGE now saying that if we don’t have an immediate, month-long lockdown Christmas is off. The cost of such folly will mean millions of people won’t be able to afford Christmas anyway. The virus will still be waiting in early December. @allisonpearson   The answer is to lock SAGE up for a month and let the rest of us proceed sensibly with our lives, while backing medical professionals to improve treatment and care of the infected, reducing mortality. Lord Moylan @danielmgmoylan   Reminder that Covid-19 has a similar fatality rate as common flu and that the 5 year rolling average for deaths from flu type infections is around 30,000 a year, was before covid, during covid and will be after covid. It is typically the last battle of the old and sickly and has been since forever.
    • Glad to see your posts at the Indices thread. James16 and company at the Forex Factory had the great phrase “day trading off the daily charts”. That and trading the hourly ranges is what I have been doing recently.  
×
×