Quotes of the Day

There are occasions when it's appropriate to reconsider your asset allocation. An investor who started in her 30s with a portfolio that was 70% equities might want to dial back to 50% as she approaches retirement. Another reason for making changes to your asset allocation is a major life event; for example, if you inherit a large sum of money, you may want to lower your risk level to protect your new wealth rather than aggressively trying to grow it. [2021] - Dan Bortolotti

55 percent of what we respond to is visual; 38 percent is auditory, or the pure sound of the communication; and only 7 percent involves the actual words we use. [2004] - Nicholas Boothman

Market influencers impact the immediate levels of supply and demand in the real estate market. Their effect is temporary but real. Market influencers have little to do with the fundamental key drivers of the real estate cycle, but that does not mean that market influencers are insignificant! In the Vancouver and Toronto markets from the middle of 2009 to the middle of 2011, a "false boom" occurred. Fuelled by market influencers rather than an actual shift in the real estate cycle. The low interest rates and impending HST worked as market influencers and stimulated real-world, but short-term, demand, thus creating a false perception of a real estate boom. [2011] - Don R. Campbell

Corporations must keep their records for 6 years from the end of their fiscal period. However, certain records, like those relating to the acquisition of long-term assets or any records that could affect the sale or wind up of your business must be kept indefinitely. You can request permission to destroy your records earlier than that, using Form T137; however, this may be an invitation for a tax audit first. [2020] - Evelyn Jacks

Although upon extremely rare occasions a second wave in an impulse appears to take the form of a triangle, triangles nearly always occur in positions prior to the final actionary wave in the pattern of one larger degree, i.e., as wave four in an impulse, wave B in an A-B-C, or the final wave X in a double or triple zig-zag or combination. [2001] - Robert Prechter