Do you understand the Annual Cost and Charges Statement?
Recently I saw the Annual Cost and Charges Statement for the first time and was very surprised by it.
I got $1,500 in costs and I only hold ~$300k in ETFs with low expense ratios.
Besides converting EUR/USD and buying ETFs I rarely do anything else. I occasionally make use of margin. I never sell anything. I got the Stock Yield Enhancement Program enabled.
Can anybody explain what might explain the high costs?