Except transaction costs are a thing (e.g. the closing costs for the purchase, a... | Hacker News

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		rrdharan on July 23, 2020 \| parent \| context \| favorite \| on: People loved Nikola but not its warrants Except transaction costs are a thing (e.g. the closing costs for the purchase, and the commissions on the sale), and often eat up a lot of the gains.

gowld on July 23, 2020 [–]

Or in parent's example, more than all of the gains.

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