Quotes of the Day

In general, building an entire portfolio out of ETFs usually makes sense starting in the ballpark of $50,000. Anything less than that, and you're most likely better off with mutual funds or a mix of mutual funds and ETFs. The exception is if you're buying ETFs using Scotia iTrade or Qtrade, where many ETFs can be traded for free. In that case, the ETF portfolio may make sense for even the smallest of accounts. [2013] - Russell Wild

Most people just do the 1 year lease. If you want to charge more, offer 3 months or 6 months leases. Because you're adding the flexibility, it's added value for the tenant and so it's justified if you charge more. [2015] - Gary Wong

Third-party short term rental data providers such as AirDNA.co, MashVisor.com, and AllTheRooms.com all collect market data for most Airbnb markets, often with hundreds or thousands of comparable listings. Although they're not free, the data they provide for a modest fee is well worth the accuracy you get and the savings in time and effort. The markets that provide you the biggest discrepancy between short term rental rates and traditional long term rental rates, the stronger the Airbnb demand in that market. Hot markets can see a revenue ratio differences of 2:1 or even 3:1 whereas in cold markets, you can see ratios closer to 1:1. [2023] - Symon He

When you know you are ignorant in a subject, start educating yourself by finding an expert in the field or find a book on the subject. [1998] - Robert T. Kiyosaki

The idea behind moving average trading methods, therefore, centers on the goal of gaining large profits during trending periods when crossovers are few and far between—-while at the same time withstanding the inevitable small losses during sideways whipsaw periods when crossovers are abundant. The greatest challenge with this type of trading lies in the ability of the trader to let the winning trades run while immediately closing losing trades. Only in this way can a trader using moving averages profit enough during trends to offset the many losses incurred during horizontal price activity. [2009] - James Chen