Quotes of the Day

You’d think sites that connect freelancers with paying customers would be a slam dunk for making some extra cash fast. Often, though, you’ll be wading into a “saturated market.” If there are lots of people out there offering the same services you’re trying to sell, you may find yourself competing against talented folks in places like India or Ukraine — or a small town in Middle America — who have 500 five-star reviews and seem to be able to somehow survive by charging ridiculously low fees. It may take you a while to break in, and even when you do, you may not bring in the kind of money you were hoping for. [2021] - Erica Alini

I love using limit orders because they allow me to go about my life without worrying about prices too much while the markets do their usual movements. I’m not a big fan of stop-losses. Volatile markets such as cryptocurrencies normally bounce back up from the lows as rapidly as they fall. That’s why by using a stop-loss order, you may end up getting out of your position prematurely and miss out on potential gains. Short-term traders are more likely to use stop-losses. Long-term investors are supposed to have made the risk-management calculation ahead of time, making sure they have enough time to wait things out. [2019] - Kiana Danial

In any selling environment, there are two basic philosophies, or approaches. The first involves low volume and high profit-margin. The second is the opposite--high volume, low profit-margin. Sellers on eBay have to have better prices than what's out there. To create a successful business with a low profit-margin, it is necessary to sell more product than if you were able to charge retail price. Historically, on eBay, this high-volume-low-margin philosophy tends to be the more successful. If you can purchase your product for below the average eBay selling price, you have margin and you're in business. If not, try to find something else. I recommend a product that will yield a profit margin, is available in large enough quantity, and is "UPS-able". [2005] - Adam Ginsberg

Give a gift for every referral you receive. This could be chocolate, popcorn, or a clock. [2003] - Darryl Davis

The country with the higher rate will generally have the more valuable currency. The stronger economy, that with the higher GDP growth, lower inflation, greater productivity, political stability and a host of other factors will, over time, have the stronger currency. Any foreign investor in a country is also an investor in that country’s currency. [2009] - James Chen