RupeeCase
Education . Factor Costs . 1 of 3
The Turnover Tax
This factor earned 5.7
%
a year on paper.
Trading it all year gave a quarter of that back.
On paper . gross
5.7
%
The premium the study measured
Before a single share is bought or sold.
then
In your account . net
4.2
%
After the cost of trading it
About 1.5 points paid out just to chase the signal.
The number nobody prints
The premium is quoted before the cost of chasing it. You live on the one on the right.