System Z Month 2 end of week 3: $9,963.83

7 weeks in, System Z is just about flat and Ameritrade is much richer. If System Z were trading more money, our transaction costs would be a much lower percentage, and we would have realized nice gains despite a downward market.

This week, markets rebounded, but System Z did not caputure all the gains it should have. Mostly, this was due to bad luck: Our portfolio is underdiversified because our trading costs are expensive. This past week, a few of our concentrated positions (TIVO and XMSR) had terrible losses.

System Z's low and no-commission returns are once again significantly positive, and the spread between the return of System Z and the return of the NASDAQ has reached a new high.

System Z account value: $9,963.83
commissions paid: $460
maximum commissions should be: $184
which means I overpaid at least: $276
minimum account value corrected for obscene commissions: $10,147.83
account value if no commissions: $10,423.83

System Z actual return since 4/7: -.36%
System Z corrected return since 4/7: 1.48%
System Z no-commission return since 4/7: 4.24%

Nasdaq on 4/7: 2339.02
Nasdaq return since 4/7: 5.50%

Refer to post from 4/19 for explanation of "corrected return". Returns for a larger fund would fall somewhere between the "corrected" return and the "no-commission" return.