Quotes of the Day

Always take a rental application fee with the application. The amount you charge must be reasonable and reflect the actual cost of you running the application, plus reasonable compensation for your time doing so. I recommend finding out what the local property management companies charge and charging a similar amount. Currently, I charge $35 per adult. Be sure to check with your state laws and make sure there are no laws dictating how much you can charge. [2015] - Brandon Turner

With property you can generally tell when a market is low. Advertisements tend to state things like: "any offer considered," "Vendor financing available," "Come and make a deal," "Settlement terms to suit the buyer." [2001] - Dolf de Roos

Once monetary balance is restored, gold and silver will stop being investments promising strong returns and go back to being essentially refined and shaped rocks, as they should be. At that time, stocks should regain their position as the investment of choice and I hope to be selling much of my gold and silver. [2008] - Shayne McGuire

Many start out trading on a position basis (end-of-day) and do well. Then they decide that they want to trade intraday, and everything changes. [2004] - Bill Williams

Contributing to an annuity may make sense if you've exhausted contributions to RRSPs and employer-sponsored and self-employed plans and you expect to leave the money compounding in the annuity for at least 15 years. It typically takes this long for the benefits of tax-deferred compounding to outweigh the higher annuity fees and treatment of withdrawn annuity earnings at the higher ordinary income-tax rates. If you're close to or are actually in retirement, tax-friendly investments made outside of registered retirement plans are preferable. [2019] - Eric Tyson