Quotes of the Day

If your business is successful, when selling the business you can claim up to $750,000 as capital gains exemption, which moves that amount into your personal hands without tax ramifications. If you are doubly fortunate in that your marriage survived the venture and your wife was a partner in it, you can double that $750,000 to $1.5 million. [2008] - Dwayne Daku

A 3 percent premium is a reasonable price for a purchase of at least four ounces of gold. A slightly higher premium would probably be needed if you are buying just an ounce or two, of if you want some of the more popular bullion coins, like American Eagles. [2008] - Shayne McGuire

Things to understand about precious-medals mutual funds: (1) The ideal fund is big enough to be stable and small enough to be nimble. (2) Look not just at a fund’s three- or five-year returns, but its results during the current manager’s tenure. (3) Management fees range from a reasonable .7 percent to over 3 percent, with an average of around 2 percent. (4) Be suspicious of high-turnover funds. [2004] - James Turk

An entrepreneur sees an opportunity, puts together a team, builds a business that profits from the opportunity. [2002] - Robert T. Kiyosaki

Regardless of where you begin, the real estate cycle always progresses in the same way. That is, a slump always follows a boom, a boom always follows a recovery, and a recovery is always sandwiched between the slump that comes before it and the boom that follows. Each of these phases include a beginning, middle and end stage. [2011] - Don R. Campbell