Quotes of the Day

Cutting losses, cutting losses, and cutting losses are the three keys to successful trading. [2003] - Marcel Link

Decreased volatility is detected when a moving average moves sideways, and looks like a smooth horizontal line. [2007] - Grace Cheng

Don’t go long EUR/USD, GBP/USD, and AUD/USD at the same time, because that is really just one big “short the USD” trade. [2010] - Ed Ponsi

The first $500,000 of active business income earned within a Canadian-Controlled Private Corporation (CCPC) that qualifies for the small business deduction is subject to a lower federal corporate tax rate. However, effective January 1, 2019, companies that have too much of their retained earnings invested inside the corporation will be subject to new passive investment income rules, which will reduce their access to the small business deduction. While this will generally affect larger and more mature businesses, it's a good idea to have your accountant explain these rules to you so you can plan accordingly. [2020] - Evelyn Jacks

The terms "REO property" and "foreclosed property" are often used interchangeably, but both refer to the same concept: a bank-owned property. Today, REOs are usually listed on the MLS. The homes are listed through local real estate agents and sold to the higher or best buyer. REOs can be exceptionally good for investors for two reasons. 1. There is usually something distressed about the property. Many people simply avoid these properties, because they don't want to deal with the problems. 2. Banks are not likely to get offended by a low offer and will look at your offer analytically, not emotionally. For this reason, banks are often willing to drop their price fast to get the property sold and off their books. [2015] - Brandon Turner