System Z end Month 2: $9,964.78

System Z continues to trade a little and stay just about flat. However, the difference between the no-commission returns and the return for the NASDAQ continues to increase. In two months the differential has reached 12%!

System Z account value: $9,964.78
commissions paid: $475
maximum commissions should be: $190
which means I overpaid at least: $285
minimum account value corrected for obscene commissions: $10,249.78
account value if no commissions: $10,439.78

System Z actual return since 4/7: -.35%
System Z corrected return since 4/7: 2.50%
System Z no-commission return since 4/7: 4.40%

Nasdaq on 4/7: 2339.02
Nasdaq return since 4/7: 7.57%

Difference between no-commission return and NASDAQ return since 4/7: 11.97%

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.