Quotes of the Day

Hard money lenders are professionals who lend out their own money, or other peoples' money, for a living. They have a set way of doing things, a predefined interest rate, a predefined set of fees (points), and a very short term (usually less than one year). Private lenders are lending their own money but don't typically do so for a living. The rates, fees, and terms are usually lower and much more negotiable. The most common private money rates I see fall between 6% and 12%, depending on the relationship. [2015] - Brandon Turner

I prefer buying gold bullion in coin form such as an American Eagle, South African Kruggerand, or Canadian Maple Leaf, which cost about the same, per ounce. [2008] - Shayne McGuire

RRIFs are usually a good choice if you enjoy managing your money, have an indexed company pension plan that guarantees you a basic level of income, and don't immediately need to start drawing on your funds. Another advantage of RRIFs is that you can convert them to an annuity at any time. Annuities are usually best when you have small retirement savings that absolutely need to last a number of years (especially if you're young and your family has a history of living a long time) and must have the peace of mind that comes with knowing just how much you have to live on. [2019] - Eric Tyson

If you're in a bidding war, cash is the king. Write subject free cash offers. It is uncommon for sellers to take an offer with subject clauses over a subject free cash offer UNLESS the offer with subject is MUCH higher than the asking price. Include a copy of your bank draft deposit with the offer. This shows that you are really serious. [2015] - Gary Wong

If your portfolio is less than six figures, small differences in funds fees matter a lot less than you think. It's better to focus on spending less than you make, saving the difference and investing with low-cost diversified index funds, even if your portfolio is not the absolute cheapest option available. Once you've built significant wealth, you can focus on reducing your investing costs further and then watching your portfolio compound even more. [2021] - Dan Bortolotti