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Josh Brown: What If Brokerages Graded Their Customers’ Trading?: Larry Swedroe

TedTed
in The Bullpen
FYI: This is fascinating. My pal Larry Swedroe of Buckingham Strategic Wealth looks at the first study of its kind – an online brokerage informed 1500 of its customers about whether or not the trades they were doing added any value. Note that this stands in direct opposition of the goals of online brokerages – to encourage more, not less activity. Brokers are only required to issue statements of positions, balances, activity, etc – not judgments.
Regards,
Ted
http://thereformedbroker.com/2017/02/19/what-if-brokerages-graded-their-customers-trading/
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