Quotes of the Day

Umbrella insurance (also referred to as excess-liability insurance) is liability insurance that's added on top of the liability protection on your home and cars. Each year, thousands of people suffer lawsuits of more than $1 million related to their cars and homes. Umbrella insurance is generally sold in increments of $1 million. You should have at least enough liability insurance to protect your assets and preferably enough to cover twice the value of those assets. [2019] - Eric Tyson

People don't buy products; they buy benefits. They buy solutions to their problems. They buy ways to satisfy their needs. [2004] - Brian Tracy

In general, building an entire portfolio out of ETFs usually makes sense starting in the ballpark of $50,000. Anything less than that, and you're most likely better off with mutual funds or a mix of mutual funds and ETFs. The exception is if you're buying ETFs using Scotia iTrade or Qtrade, where many ETFs can be traded for free. In that case, the ETF portfolio may make sense for even the smallest of accounts. [2013] - Russell Wild

There are many financial advisory credentials. The Certified Financial Planner and Chartered Financial Planner designations (both known by the initials CFP) are the most rigorous. Not every CFP will exclusively build portfolios of index funds. In fact, most will sell higher-commission products. But a CFP is at least qualified to practice their craft. Most other three-letter designations at the bottom of an advisor’s business cards are comparatively unimpressive. [2022] - Andrew Hallam

To make sure you're getting enough of the crucial vitamin K2, you can take high-vitamin butter oil or emu oil in capsules (as directed), or 1 teaspoon per day, after the largest meal of the day. For supplementation, you can take 150-200 milligrams of MK7 vitamin K2. [2018] - Steven Lin