Quotes of the Day

There are several places where you can go to get a purchase and sale (P&S) agreement: local title company, online, office supply store or other investors. No matter how you obtain your P&S form, I recommend that you have a local attorney take a glance at it. You want to be sure you are covering all the necessary bases, and a lawyer can help you do that. You can also simply get a P&S agreement from an attorney, though this might be the most expensive option. [2015] - Brandon Turner

There are four types of jobs that you can do. 1. Hard to learn and hard to do, like accounting or bookkeeping. 2. Hard to learn but easy to do, like typing or flying an airplane. 3. Easy to learn but hard to do, like digging a ditch (physical labor). 4. Easy to learn and easy to do. These are the best indicators of your natural talents and abilities. This type of work is the key to career success. [2004] - Brian Tracy

Almost 90 percent of all commodity traders and those who day trade equities lose money. As a trader trades, the first few years will be filled with countless mistakes. To trade successfully one needs to consistently make trades that offer low risk compared to the reward. [2003] - Marcel Link

If you have a portfolio of $10,000 or less, you should either be thinking mutual funds (not ETFs) or be seeking to invest at a brokerage that won't charge you for trading ETFs. Otherwise, the trading costs could eat you alive. If, however, you're unlikely to do any trading in the next several years, an ETF portfolio may make sense. In that case, consider a simple and all-encompassing "everything" (total ball of wax) ETF for your domestic stock holdings. [2013] - Russell Wild

Studies comparing DCA (dollar-cost averaging) and lump-sum investing over various historical periods are quite consistent in their findings: investing all at once tends to come out ahead about two-thirds of the time, which makes sense when you consider DCA only delivers higher returns if stock prices trend downward over the period, and we know stocks go up more often than they fall. [2021] - Dan Bortolotti