Quotes of the Day

The Australian dollar often rises and falls along with the price of gold. [2007] - Ed Ponsi

Adding humor to advertisements increases sales. [2004] - Allan Pease

Investing 100% of your savings in paying down a mortgage can be a winning strategy, especially for those who do not want any stock market risk. Applying all long-term savings to mortgage paydown means giving up the potential that stock market returns will exceed your mortgage 'investment' returns (your mortgage rate) over time. Given that mortgage rates are so low, it won't take much for the stock market to outperform. So, some combination of mortgage repayment and tax-sheltered stock investments (in TFSA and/or RRSP) probably makes sense for most Canadians. [2018] - Larry Bates

Your after-tax rate of return must be greater than your after-tax cost of borrowing or the financial math won't add up in your favour. Based on everything you know about the history of your investment type and the best advice of the professional team you employ, ask yourself what the average and worst-case scenarios look like. If you can't live with the worst-case scenario, don't move ahead with the investment. Across Canada, real estate has returned on average 5.5 percent over the past thirty years. But perhaps you might be extremely unlucky and find yourself in a ten-year lull where the market returns only 3.5 percent. Keep this in mind (and stress-test for it) when deciding whether to borrow money to invest. [2017] - Calum Ross

If she keeps her eyes on you more than three seconds or throws repeated glances your way you know the pose is for you. [2006] - Leil Lowndes