Quotes of the Day

In marketing, a rule of thumb is to do your market research first. "Know your customer." [2005] - Robert T. Kiyosaki

Compensating your clients for their dissatisfaction and valuing their time and trust is the concept behind a better-than-risk-free guarantee. [2000] - Jay Abramham

Nine out of ten companies fail in five years. Of those that survive the first five years, nine out of every ten of those eventually fail, as well. [1998] - Robert T. Kiyosaki

I love using limit orders because they allow me to go about my life without worrying about prices too much while the markets do their usual movements. I’m not a big fan of stop-losses. Volatile markets such as cryptocurrencies normally bounce back up from the lows as rapidly as they fall. That’s why by using a stop-loss order, you may end up getting out of your position prematurely and miss out on potential gains. Short-term traders are more likely to use stop-losses. Long-term investors are supposed to have made the risk-management calculation ahead of time, making sure they have enough time to wait things out. [2019] - Kiana Danial

The interest paid on money borrowed to in TFSAs, RRSPs, RDSPs and RESPs will not be deductible. Opening a home-based business and claiming home office expenses will make your mortgage interest costs partially deductible, or you can borrow against the equity in the home, place investments in non-registered accounts and then write off the interest on the loan. Discuss these options with your tax advisor. [2020] - Evelyn Jacks