Quotes of the Day

How someone treats you is a reflection of who that person is, not who you are. If someone is cruel toward you or makes harsh judgments about you based on a brief interaction, it reflects that person's inconsiderate behavior or judgmental predisposition, rather than being an indication of any shortcomings on your part. Therefore, if someone does respond critically or harshly toward you, you might consider whether that's really the kind of person you'd want to have a relationship with. Entering a relationship with someone who's hypercritical is a recipe for an unhealthy and unhappy dynamic, no matter how attractive or accomplished that person may be. In this case, you can view rejection as a blessing in disguise, saving you from going out with someone who's unkind. [2014] - Shannon Kolakowski

GICs don't lose value when interest rates rise, neither do they get a boost when yields fall. This means that during a bear market for stocks-which often leads to falling interest rates-your GICs won't deliver the offsetting benefit you should expect from bonds. Since bonds and GICs each have pros and cons, you might consider a balanced approach and use both in your portfolio. For example, you could use GICs for about half of your fixed-income allocation and use a bond DTF for the other half. [2021] - Dan Bortolotti

Your best bet for professional help with you personal finance may be a financial planner who charges for his time. Some planners charge a fixed fee to whip up a financial plan for you. If you just need someone to act as a sounding board for ideas or to recommend a specific strategy or product, you can hire an hourly planner for one or two session advice. Hiring someone incompetent is the primary risk you face when selecting an hourly planner. Be sure to check references and find out enough about finances on your own to discern between good and bad financial advice. [2019] - Eric Tyson

Quantitative easing is a way of pouring money into a cash-starved banking system. It is a “last resort” for central banks that have already cut interest rates to the bone and are still seeking ways to stimulate their economies. “QE” also has the effect of weakening the currency. [2010] - Ed Ponsi

For North Americans, the concentric circles of defense start roughly ten feet out (beyond which is public space), running from there to arm's length (social space), then to within arm's length (personal space), and finally to within a foot or so (private space). [2004] - Nicholas Boothman