Quotes of the Day

The monthly fees can go up significantly if you're buying a newly built condo. It was very common to see maintenance fees rise by 40 to 50 percent in year two and another 20 to 30 percent in year three, after the complex had been registered. [2013] - Dan S. Barnabic

A passive income of more than $100,000 a year is nice and not hard to achieve. Depending on the market and how smart you are, it could be done in five to ten years. [1998] - Robert T. Kiyosaki

A living trust places your portfolio in the hands of an independent manager, usually a trust company, with family members as co-trustees. The trust receives your investment portfolio and the trustees manage it such that you receive a stable income for life, similar to an annuity. The remaining capital is distributed to family members on your death. The provision of the trust agreement should provide instructions for the financing of your care should you require long-term medical attention. The main requirement for trustees is that they be competent, independent parties who will manage your affairs in your best interest. [2020] - Douglas Gray

Several Canadian ETF providers, including iShares, Vanguard, BMO, and Horizons, offer all-in-one portfolio products. They are just as good as each other: no better, no worse. Don’t make the natural and common mistake of comparing their past performances and making a decision based on what you find. Although they’re similarly allocated, their indexed compositions aren’t exactly the same. As a result, the iShares Core Balanced ETF (XBAL) might edge out Vanguard’s Balanced ETF Portfolio (VBAL) over one period. But over the next period, the results could be reversed. Either way, the long-term differences would be far too small to sweat. [2022] - Andrew Hallam

Make sure you put your photo on your business card. Your photo should also be on everything--letterhead, envelopes, thank-you cards--along with your logo and slogan. [2003] - Darryl Davis