Quotes of the Day

Umbrella insurance (also referred to as excess-liability insurance) is liability insurance that's added on top of the liability protection on your home and cars. Each year, thousands of people suffer lawsuits of more than $1 million related to their cars and homes. Umbrella insurance is generally sold in increments of $1 million. You should have at least enough liability insurance to protect your assets and preferably enough to cover twice the value of those assets. [2019] - Eric Tyson

About 7 hours is the optimal duration of sleep. Every 1 hour a night decrease in sleep below the 7-8 hour threshold is associated with 6% higher risk of total cardiovascular disease. Every 1 hour a night increase in sleep duration above that 7-8 hour threshold is associated with 12% higher risk of total cardiovascular disease. [2025] - Eric Topol

I’ve been using TradeStation as my charting platform for years.It gives me the ability to write and test systems and then keep track of them, alerting me anytime they generate a signal. It allows one to create indicators and write and test systems with historical data before risking real money. It is the industry standard for the serious trader. [2003] - Marcel Link

If your RRSP returns are substantially above your mortgage rate, continue to invest in RRSPs. Generally that rate needs to average at least 2% points higher than your mortgage interest rate for ALL the years of the investment, in order for it to be better than paying off your mortgage. The same basic rule applies to any other debt that you may be servicing. A good rule of thumb is to get rid of the debt first, unless the investment guarantees a return above the interest rate you are paying on the debt. [2008] - Dwayne Daku

I recommending including a mix of government and high-quality corporate bonds in your portfolio, and you can do this easily with a single fund. The most widely used bond indexes in Canada include about 70-80% government bonds, with the reminder in corporates, a blend that should suit most investors. These so-called "broad-market" bond funds also include a cross-section of maturities. About 40-45% are short-term bonds (which mature in less than 5 years), another 25% or so are intermediate (maturing in 5-10 years) and the rest are longer-term bonds with maturities of more than 10 years. In general, bonds with short maturities are the least volatile and have the lowest expected returns. [2021] - Dan Bortolotti