Quotes of the Day

Lean forward when listening, stand straight when speaking. [2004] - Allan Pease

Here is our formula for only buying properties with a CAUSE: 1. Convenience (near schools, hospitals, shopping, public transportation, a university) 2. Attracts families 3. Under the average price (10% below the average price in our chosen market) 4. Starter home (entry level home tends to be the most liquid, the most price stable, and generally the easiest to rent out) 5. Economic fundamentals (people are moving there, more jobs are coming, amenities and infrastructures are growing, government is pro-business, rent rates are stable or increasing) [2013] - Julie Broad

Buying futures isn't much different from blowing $10,000 at the craps tables in Vegas. Futures prices depend on short-term, highly volatile price movements. As with gambling, you occasionally win when the market moves the right way at the right time. But in the long run, you're gonna lose. In fact, you can lose it all. Options are as risky as futures. With options, you're betting on the short-term movements of a specific security. The only real use that you may (if ever) have for these derivatives is to hedge (e.g. using put options allows you to postpone selling your stock without exposing yourself to the risk of a falling stock price). [2019] - Eric Tyson

The correct method for tracking the stock market is to use semilogarithmic chart paper, since the market's history is sensibly related only on a percentage basis. The investor is concerned with percentage gain or loss, not the number of points traveled in a market average. Arithmetic scale is quite acceptable for tracking hourly waves. Channeling techniques work acceptably well on arithmetic scale with shorter term moves. [2001] - Robert Prechter

In our trading accounts we always look to risk no more than 2 percent per trade or 6 percent per day of our risk capital. [2010] - Jay Norris