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How frequently do you think most people make such transactions?


I don’t know about individuals, but there are quite a few people exposed to transactions costs via 401k/IRA/taxpayer funded pensions/etc.


I haven't incurred a trade in a 401k in a decade. Sub-milli liquidity is absolutely unnecessary for me.


Even making deposits into the account incurs transactions. Sure, speed doesn't matter here, but overhead does.




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