Quotes of the Day

A good rule of thumb is to budget 10 percent of total income for property management, but it will depend on the property type and the area you live in. Ask your real estate agent about the correct numbers to budget for your property type and area. Also ask your real estate agent for property manager recommendations. A great agent will have trusted contacts in this area. [2017] - Calum Ross

Part-time work can help people defer their pensions. For example, if someone were eligible to collect a pension at age sixty-two but they deferred those payments, they could earn a much higher income later. This might come in handy if they’re among those who require money to cover higher medical or care facility costs. The benefits of deferring pension withdrawals apply to most corporate defined benefit pensions. They also apply to most state-sponsored plans, such as the Canada Pension Plan (CPP), the UK state pension, and America’s Social Security. [2022] - Andrew Hallam

Close relationships—far more than money—are the single greatest influence on a happy life. In fact, personal relationships are better predictors of happiness, health, and longevity than social class, IQ, or even genetics. This is why spending time with friends and family makes so much sense. [2022] - Andrew Hallam

It's not enough to compare ETFs solely on the basis of their MER by assuming a fund that is cheaper by 3 or 4 basis points will automatically outperform a competitor by that same amount. An ETF with a slightly higher fee but consistently lower tracking error might turn out to be a better choice. You can usually learn the fund's tracking error by visiting its web page: the major ETF providers (including iShares, Vanguard and BMO) publish both fund returns and benchmark returns (e.g. XUU lagged its benchmark by 1.52% in 2020). You can also find this information in the Management Report of Fund Performance: this document is typically published twice a year, and you can download a copy on the fund provider's website. [2021] - Dan Bortolotti

Antioxidant content is one of the reasons I've singled out berries for special treatment. They are second only to herbs and spices as the most antioxidant-packed food category. As a group, they average nearly ten times more antioxidants than other fruits and vegetables. Shop for the reddest of strawberries, the blackest of blackberries, the most scarlet tomato, the darkest green broccoli you can find. The colors are the antiaging, anticancer antioxidants. [2015] - Michael Greger