Quotes of the Day

Education consists not so much of knowledge, but of knowledge effectively and persistently applied. [1937] - Napoleon Hill

A trader who likes to follow long-term trends might use the 200-day moving average as a trailing stop, a stop-loss line that follows the price line at a distance. They might have a rule that they will not sell as long as the price remains above the 200-day moving average. If the price dips down below the 200-day MA, then the trailing stop has been triggered. [2019] - Glen Goodman

In general, building an entire portfolio out of ETFs usually makes sense starting in the ballpark of $50,000. Anything less than that, and you're most likely better off with mutual funds or a mix of mutual funds and ETFs. The exception is if you're buying ETFs using Scotia iTrade or Qtrade, where many ETFs can be traded for free. In that case, the ETF portfolio may make sense for even the smallest of accounts. [2013] - Russell Wild

Hold equal amounts of Canadian, US and overseas stocks. For example, if your overall portfolio target is 60% stocks, you'd hold 20% in Canada, 20% in the US, and 20% in international equities. You can slit that last category into 15% developed markets and 5% emerging markets. (That mix of three-quarters developed and one-quarter emerging is a good rule of thumb.) [2021] - Dan Bortolotti

Title insurance will cover you for your legal fees to defend your right of ownership, which could cost tens of thousands of dollars, as well as your actual financial losses. The insurance covers you from the time you take title until you sell your home. [2006] - Douglas Gray