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Large-cap: the average has expense ratio of 1.30, pays commissions equal to 0.30 percent of net value, a bid-ask spread cost consumes another 0.30 percent and an impact cost taking another 0.30.
Small-cap: expense ratio averaging 1.60 percent. Commission expenses at 0.50. Additional 1 percent by bid-ask spread and impact costs.
Your mileage may vary, but not by much.
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"Don't be so open-minded that your brains fall out."
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