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A lonnnng time ago, my financial adviser (my first brokerage account) churned my account. That means that he traded frequently, just for the purpose of generating commissions. In those days, there was no such thing as the low deep discount commissions that we pay today (and no internet).

When I eventually figured out what he was doing, I began the process of learning about the financial markets and I have done it myself for 40 years.

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