Quotes of the Day

The e-business you build should stay small. In the Information Age, even small businesses can reach the whole planet inexpensively; and they can be easier to manage but still highly profitable. [2006] - Scott Fox

How much to save for retirement? If I absolutely had to provide a one-size-fits-all flat percentage of pay, I would make it 12% with the caveat that you might have to change that percentage as you get closer to retirement. If I could express it differently, I would suggest saving 5% of pay in your 30s, 15% in your 40s and 25% in your 50s. This alternative represents a rough approximation of the Rule of 30. [2021] - Frederick Vettese

Yoga is for anybody who’s interested in gaining flexibility, strength, and balance. If you are a beginner, try hatha yoga (preferably at a smaller studio rather than a gym), which is a broad category of practice that focuses on learning yoga poses that promote stability, strength, and controlled breathing. Of these, the Iyengar style emphasizes proper alignment, which is crucial to master if you want to progress to more advanced practice, including the popular Vinyasa or Bikram variations. As a person with acid reflux, you must avoid certain poses, such as inversions. You should also pay attention to the most ubiquitous pose, the downward dog, to see if you notice any reflux symptoms. [2017] - Jonathan Aviv

Stop loss and profit-taking exit rules can be expressed in four ways: 1. A fixed dollar amount (e.g. $1,000); 2. A percentage of the current price (e.g. 1% of the entry price); 3. A percentage of the volatility (e.g. 50% of the average daily movement); 4. Based on technical analysis (e.g. support and resistance levels). [2008] - Markus Heitkoetter

My take on the news is this: Don’t try to trade it, but watch how the market reacts to it for trend indications. Remember the initial price impact of news is often dramatic, but it may take several hours to be fully absorbed. It is not uncommon for prices to react sharply in one direction initially, then gradually trend in the opposite direction for much of the trading session. This phenomenon is called Price Trace Dispersement(PTD). [2008] - Michael Duane Archer