Quotes of the Day

Never margin over half of your account at any time. [2004] - Bill Williams

A successful trader is one who is able to apply proven methods with a success rate of about 70%. In fact, some successful traders are very profitable even with a 60% success rate. [2008] - Yeo Keong Hee

When the housing market is down and it is a buyer's market, I could purchase one home for the same capital needed to mortgage three to four houses with a 25 percent down payment. The positive cash flow from my rental property is very similar whether I purchase one rental property with zero debt versus leveraging my capital to purchase three properties with a 25 percent down payment and a mortgage. The potential that the value of my property will appreciate is three times greater when purchasing three properties from that of purchasing one rental property when the housing market rebounds. [2014] - Michael Munsey

Men tend to look first at the photo while women read the words. Women chose a good sense of humor and similar taste in music, movies, books, etc., with strong family values and great smile sharing third place. Tacky clothes and a bad haircut matter more to women than men. [2004] - Nicholas Boothman

Even though first-time homebuyers can withdraw RRSP funds to finance an initial home purchase, every buyer can lend themselves money from their RRSP and pay themselves interest. A self-directed mortgage has to be set up through a licensed lender and be competitive with the posted rates. It also will be registered on title. In addition, the mortgage must be insured in order to comply with the requirements for RRSP. The money you're paying as interest doesn't count as a contribution to RRSP, so you can charge yourself an above average interest to max out your requirement savings.  [2020] - Douglas Gray