Quotes of the Day

Generally, the risk-reward ratio should be at least 1:2. A good habit of more successful traders is to employ the rule of moving your stop to break even as soon as your position has profited by the same amount that you initially risked through the stop order. At the same time, some traders may also choose to close a portion of their position. [2009] - Kathy Lien

Adding stocks to an all-bond portfolio actually lowers the risk of the overall portfolio. That's why many believe retirees should keep at least 20% of their portfolio in equities, even if they're very risk-averse. It works the other way around, too. Historically, a portfolio of 20% bonds and 80% stocks has been significantly less volatile than an all-equity portfolio, with only modestly lower returns. So even if you're a very aggressive investor, you should probably keep at least 20% of your portfolio in bonds. Thoughtful diversification can deliver higher returns with less risk. No wonder it's sometimes called the only free lunch in investing. [2021] - Dan Bortolotti

Classified advertising works best when you use a two-step direct-marketing technique. In step one, you run a small classified ad to generate an inquiry, which is a request for move information about your product. In step two, when people inquire, you send out an inquiry fulfillment kid, which is a sales package promoting your product. [2005] - Robert W. Bly

Get a professional photo. This is very important. [2003] - Darryl Davis

Letting go of happiness as a goal can pave the way for happiness to appear on its own. [2007] - Mark Williams