Quotes of the Day

CRA issued IT-518 to overview their position with regard to the deductibility of food, beverages and entertainment. Reasonable amounts may be deducted if the costs were incurred in the course of earning income from a business or property. The total costs must be restricted to 50% of the amounts actually paid or payable. You can fully deduct the cost of any meals and beverages served or entertainment provided on planes, trains or buses (but not ships, boats or ferries), so keep a log of those expenditures, as receipts are normally not available, and CRA will allow a reasonable amount as your claim. [2020] - Evelyn Jacks

A divergence is created in an up move when the Price is higher than it was at the most recent Price peak and the Momentum (as measured by the 5/34 AO histogram) is lower than the Momentum peak that was at the last Price peak. Most markets tend to turn on a double divergence. A double divergence in an up market requires a Price peak followed by a higher Price peak (first divergence), and that higher peak is followed by a still higher Price peak. The Momentum is highest on the first Price peak, lower on the second Price peak, and still lower on the third Price peak. If the market doesn't turn on a double divergence, it will most likely turn on a triple divergence. Only perhaps once or twice a year will you see a quadruple divergence. [1998] - Bill Williams

Experience shows that hiring an effective assistant should easily double your sales volume. So many of us make the mistake of hiring out of convenience rather than by standards. [2004] - Gary Keller

A study published in the Journal of the American Medical Association on May 17, 2016, and the corresponding editorial, provided proof that refluxed acid initiates a deep-tissue inflammatory response, which sets off the release of a multiplying body of pro-inflammatory proteins. The link between acid damage and worsening systemic inflammatory symptoms, which I had witnessed in practice for so many years, had essentially been scientifically validated. [2017] - Jonathan Aviv

Come up with a rough number of how much you're going to need to take from your nest egg each year. Whatever the number, multiply by 10. That amount, ideally, is what we'd like to see you have in your bond portfolio, at a minimum, on the day you retire. In other words, if you think you'll need to pull $30,000 a year from your portfolio, we'd like to see you have at least $30,000 in cash and about $300,000 in bonds. That's regardless of how much you have in stocks - and you should have at least an equal amount in stocks. Most people (who aren't rich) should have roughly one year's income in cash and the rest in a 50/50 (stock/bond) portfolio on retirement day. [2013] - Russell Wild