Quotes of the Day

Japan is the third largest forex trading center, and comprises about 10 percent of all forex trading volume. London is considered the world’s capital of forex trading. Roughly 30 percent of all foreign exchange volume comes from the trading desks of London. New York is the second most important market in forex trading, and accounts for about 15 percent of the world’s total foreign exchange volume. Trading is especially active early in the U.S. session and usually becomes aimless and choppy after midday in New York. Friday afternoons in the United States are generally the least active. [2007] - Ed Ponsi

It's important to understand that correlations are not constant. The same two assets may trend in opposite directions for a long time-even a decade or more-then move hand-in-hand with each other for a time, and then behave independently. However, there are two asset types that have historically made good dance partners: stocks and high-quality government bonds. In most countries, over the very long term, the two have moved independently and for long periods their correlations have been negative. [2021] - Dan Bortolotti

Keep your headline short. Don't use abbreviations unless you are sure that people will understand them. [1998] - Jay Conrad Levinson

The secrete to meeting women is simply knowing what to say, and when and how to say it. [2005] - Neil Strauss

The 20x Rule: You need at least 20 times (or better yet, 25 times) whatever amount you expect to withdraw each year from your portfolio, assuming you want that portfolio to have a good chance of surviving at least 20-25 years. That is, if you need $30,000 a year - in addition to Canada Pension Plan and Old Age Security payments and any other income - to live on, you should ideally have $600,000 in your portfolio when you retire, assuming you retire in your mid-60s. The rationale behind the 20x Rule is this: It allows you to withdraw 5% from your portfolio the first year, and then adjust that amount upward each year to keep up with inflation. [2013] - Russell Wild