Quotes of the Day

Never borrow to invest unless you're a hundred percent certain you are insured against all realistically potential catastrophes. This is an important point, because different properties will have different insurance requirements. The type of property, neighbourhood, and renter profile will define what type of insurance you need. Find a great insurance agent connection and learn the basics of rental real estate insurance. [2017] - Calum Ross

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

For a retired or soon-to-be-retired client, we might suggest a 60/40 (stocks/bonds) portfolio only if that portfolio is very, very well-diversified with different kinds of stocks and bonds, and the client has at least two years of living expenses in cash and near-cash (short-term GICs, high-quality and very short-term bonds). But in most cases, we'd prefer to see a 50/50 portfolio. [2013] - Russell Wild

Valuing the differences is the essence of synergy--the mental, the emotional, the psychological differences between people. And the key to valuing those differences is to realize that all people see the world, not as it is, but as they are. When someone disagrees with you, you can say, "Good! You see it differently." You don't have to agree with them; you can simply affirm them. And you seek to understand. When you see only two alternatives--yours and the "wrong" one--you can look for a synergistic third alternative. There's almost always a third alternative, and if you work with a Win/Win philosophy and really seek to understand, you usually can find a solution that will be better for everyone concerned. [2004] - Stephen R. Covey

One important caution about brown rice: some fields where it is harvested have high levels of arsenic. Brown rice has more of the exposed shell of the rice, so it can contain 80 percent more arsenic than white rice. According to a study by Consumer Reports, the safest sources of brown rice are California, India, and Pakistan, which has about a third less arsenic than brown rice from other sources. [2019] - William W Li