An article in the Wall Street Journal describes one investment strategy that involves buying stocks on the

Question:

An article in the Wall Street Journal describes one investment strategy that involves buying stocks on the London Stock Exchange at the beginning of November, selling them at the end of April, and then buying them again at the beginning of the following November. According to one investment analyst, this “Halloween effect” investment strategy will earn an above-average return. The article notes that the analyst’s “results exclude transactions costs and taxes.”
a. What transactions costs is the article referring to?
b. Does it matter that the results exclude transactions costs and taxes? Briefly explain.

Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...