Quotes of the Day

I recommend these basic ideas to new traders: (1) never commit more than one-half of your account balance to open positions, (2) never trade more than two market pairs concurrently, (3) never commit more than 25 percent of your capital to a single position, and (4) never trade over 50:1 leverage. Begin your trading career at 20:1 and work up in increments of 10:1 as you are successful. [2008] - Michael Duane Archer

If your interest rate is... (1) Less than 3%, pay if off slowly and route the money to your investments instead. (2) Between 3-5%, do whatever feels most comfortable: Either put the money to debt payment or investments. (3) More than 5%, pay it off ASAP. [2016] - J L Collins

In general terms, conventional lenders (e.g., banks, trust companies, and credit unions) tend to be fairly competitive in the rates they charge for mortgages. A private mortgage lender generally wants a greater profit and therefore will charge more. [2006] - Douglas Gray

Some forms of income are not subject to taxation. Gifts or inheritances, life insurance proceeds, personal injury awards and lottery winnings are common examples. Some social benefits such as Workers' Compensation, the Guaranteed Income Supplement, and Spouse's Allowance are not taxable but must be considered in Net Income for the purpose of calculating refundable and non-refundable tax credits. [2019] - Daryl Diamond

There are two financial concepts: control and leverage. The major flaw in paper assets such as savings, stocks, bonds, mutual funds, and index funds is the lack of control. The definition of leverage is doing more with less. If a person has control, leverage can be applied with very little risk. One of the reasons why I stay clear of most stocks and mutual funds is because I have no control over expenses. Assets such as a business or real estate require more financial intelligence, allow for more financial control, and permit a higher degree of leverage with very low risk. [2008] - Robert T. Kiyosaki