Quotes of the Day

The amateur salesman sells products; the professional sells solutions to needs and problems. He also learns how to relate people's needs to his products and services. And, he has to have the integrity to say, "My product or service will not meet that need" if it will not. [2004] - Stephen R. Covey

Financial IQ is made up of knowledge from four broad areas of expertise: 1. Accounting (Financial literacy). 2. Investing (The science of money making money. This involves strategies and formulas). 3. Understanding markets (The science of supply and demand). 4. Law (For instance, utilizing a corporation wrapped around the technical skills of accounting, investing and markets can aid explosive growth). [1998] - Robert T. Kiyosaki

You have to look at rolling 20-year periods before there's a very high probability of equity returns close to 8% average. This means if your time horizon or temperament prevents you from thinking that far ahead, you need to dampen your portfolio with an allocation to high-quality bonds. This will lower your expected return, but that is the inevitable trade-off between risk and reward. [2021] - Dan Bortolotti

Seven Musts of Marketing: 1. Advertising; 2. Direct mail; 3. Corporate literature: brochures and promotional pieces; 4. Public relations; 5. Personal contact: salespeople and customer service; 6. Market education: trade shows, speaking engagements, and education-based marketing; 7. Internet: Web sites, email efforts, and affiliate marketing. [2007] - Chet Holmes

The COT report allows you to gauge market sentiment in the currency futures market, which also influences the spot forex market. When it comes to analyzing information pertaining to currency futures in the COT report, it is generally more relevant for traders to focus on the non-commercial participants. [2007] - Grace Cheng