Quotes of the Day

Cap-weighted indexes are the traditional tool of index investors, and they should be your default choice when comparing ETFs. There are several reasons for this. First, they're the most representative of the overall stock market. Second, in almost all cases they're the cheapest (as little as 0.03-0.06%). Finally, cap-weighted index funds-especially those tracking the broad market-typically have the lowest turnover, which means stocks are rarely sold and replaced. This can result in fewer realized capital gains, making these ETFs more tax-efficient if you hold them outside of TFSAs and RRSPs. [2021] - Dan Bortolotti

The price of real estate goes up for two simple economic reasons, scarcity and inflation. You can make money speculating in real estate if you spend enough time researching your market, have the capital to risk, can cover the carrying costs, and are fortunate enough for prices to go up rapidly. Of course, you can do the same thing in the stock market too. [2004] - Mike Summey

Being pre-approved means you're financially ready to buy a home; it doesn't guarantee you a mortgage. The missing piece of the puzzle is the property. Is it in fair to good condition, with an economic life of at least 30 years? Did you pay fair value? Does the home have asbestos or other environmental of safety issues? Your lender wants to know it's investing in a rock-solid asset before approving your mortgage. [2017] - Sean Cooper

Guidelines for asking intelligently and precisely. 1. Ask specifically. 2. Ask someone who can help you. 3. Create value for the person you're asking. 4. Ask with focused, congruent belief. 5. Ask until you get what you want. [1989] - Anthony Robbins

Lunch should consist of at least 1/3 relationship building talk. If you don't have time for business talk, it was a very successful lunch. [2005] - Jeffrey Gitomer