Quotes of the Day

Rollovers can earn you money if you’re long the currency with the higher interest rate and short the currency with the lower interest rate. Rollovers cost you money if you’re short the currency with the higher interest rate and long the currency with the lower interest rates. [2007] - Mark Galant

International health insurance: These plans cover you anyplace in the world. Some companies also offer a semi-global option, excluding certain high-priced countries in exchange for a lower premium. Premiums vary, but for a healthy, 60-ish individual, expect to pay roughly $3,000 to $5,000 a year. National, in-country health insurance: These plans provide in-depth coverage in a given country. Ask whether the plan includes a travel-insurance component to cover health emergencies when visiting other countries. Premiums in Latin America generally run 10 to 35 percent less than international plans, while in Asia they can cost $1,000 a year or less. Hospital membership plans: Top hospitals in some countries—notably Costa Rica, Nicaragua, Panama, and Uruguay—offer membership plans that provide steep discounts on services at their facilities, including hospital stays, doctors’ visits, and prescriptions. Monthly fees generally run $25 to $75 per month per person. [2014] - Dan Prescher

Carry trades are the most profitable when investors have low risk aversion. Before entering into a carry trade, an investor should be willing to commit to a time horizon of at least six months. [2009] - Kathy Lien

NAD boosters are effective treatment for a wide variety of ailments in mice and that they extend their lifespan even when given late in life. We know that emerging research strongly suggests they could have a similar, if not duplicative, effect on human health. The way it does this is by creating the right level of stress--just enough to push our longevity genes into action to suppress epigenetic changes to maintain the youthful program. In doing so, NMN and other vitality molecules, including metformin and rapamycin, reduce the buildup of informational noise that causes aging, thus restoring the program. [2019] - David A. Sinclair

Personal expenses of any kind are not allowable business expenses. Fines or penalties imposed after March 22, 2004, by any level of government (including foreign governments) will not be tax deductible. Also not allowable is the cost of a golf membership or certain advertising in foreign media. Restricted expenses include the costs of meals and entertainment (50% deductible) and the costs of attending conventions (only two per year). Home workspace expenses are another example, restricted to net income from the business. [2020] - Evelyn Jacks