Quotes of the Day

A reserve mortgage is a way to borrow against the equity in your home without having to pay it back, at least not in your lifetime. The institutional lender would give you a lump sum, or better still, a series of payments over a period like 10 or 15 years. The interest they charge for a reserve mortgage is a little higher than the interest you would normally pay on a first mortgage or a home equity loan. If you ever decide to move, you would have to repay the loan immediately. For that reason, you probably shouldn't think about getting a reveres mortgage until you're 75 or so. If you were 75 and needed income, a reverse mortgage is recommended. [2021] - Frederick Vettese

In the long term, bonds don't make as much money as stocks. But they're less volatile, so they can save your account from falling to the bottom of a stock market canyon if the market gods want a heavy laugh. [2017] - Andrew Hallam

Life Insurance Tax Shelters (LITS) offer an option that will not only permit your money to grow Tax-Free, but if structured properly, will permit you to access the funds without tax ramifications. Each insurance company has their own name for their unique plan, but the plans basically operate like this. You participate in an insurance plan that also permits you to deposit money into it. The amount deposited can be very flexible and may change as you desire over the years, however, you will always be required to participate in the insurance coverage. Our recommendation is that you subscribe to the lowest "decreasing term" possible. You want your actual insurance premiums to be the lowest necessary to keep the plan active, because you want to take the extra money and deposit it within the plan as an investment. [2008] - Dwayne Daku

Face-to-face with the Prospect: First, she wants to be sure that you have something important to communicate. Go straight to the result or benefit of what you sell in your first sentence. Second, she wants to be sure that you are talking to the right person. Third, at least initially, the prospect wants to be assured that your visit will be short. Fourth, the prospect wants to be sure that she will be placed under no obligation if she meets with you. Fifth, the prospect wants to be sure that you will not use high pressure. [2004] - Brian Tracy

only Americans can buy one of Vanguard’s target retirement funds from Vanguard USA. But British investors can buy similar products from Vanguard UK. Canadian and Australian investors can’t buy all-in-one portfolios of indexed mutual funds. However, Canadians and Australians can buy all-in-one ETFs from one of their home country brokerages. I believe investors behave much better in all-in-one portfolios of index mutual funds compared to investors in all-in-one ETFs. After all, with all-in-one index mutual funds, investors can set up automatic monthly deposits. This makes the process hands-free. [2022] - Andrew Hallam