Quotes of the Day

Being able to sell is the basic skill of all entrepreneurs. [2005] - Robert T. Kiyosaki

If you hire a company to store your gold, it should be allocated. When you store on an allocated basis, you continue to own the gold. You pay an annual storage fee of one or two percent of your gold’s value. [2004] - James Turk

An example of low probability trading is trying to pick the tops and bottoms in strongly trending markets. Other situations to avoid include buying after a market has made a substantial move and is in overbought territory and buying when the market is at the top of a channel or a resistance level. Buying after it has broken below an upward-sloping trendline is also a poor trade, as this may indicate that the trend has ended. [2003] - Marcel Link

In the enjoyment smile, not only are the lip corners pulled up, but the muscles around the eyes are contracted, while non-enjoyment smiles involve just the smiling lips. [2004] - Allan Pease

I often see situations where people in retirement have non-registered mutual funds and the taxable distributions are being reinvested. Don't do that! During the income phase, any interest, dividends or capital gains that are distributed from non-registered GICs, GIAs, bonds, mutual funds etc. should be paid out to you as income rather than compounded or reinvested. Compounding your GIC is simply compounding your tax problem. Have the interest paid out to you at the time you're taking income. [2019] - Daryl Diamond