Quotes of the Day

Most businesses must use the accrual method of accounting. Income is reported when "earned" (rather than received), and expenses are deducted as they're "incurred" (rather than actually paid). [2020] - Evelyn Jacks

There are communities of investors in every major town across the country. There are multitudes of investment clubs, along with untold thousands of loose, unofficial networks of individuals meeting for coffee or beer. Every agent can look on the MLS, but only a deeply connected agent will be able to bring you deals before they hit the MLS and those rare gems that could only be pulled off by them. This is why getting recommendations from other investors is one of the best ways imaginable to select a real estate agent. [2017] - Calum Ross

A trade exit may also be made when a profit target is hit. The profit target should ideally be set to several times the magnitude of the initial stop loss. [2009] - James Chen

When you want to invest in precious metals as a hedge against inflation, your best option is to do so through mutual funds or ETFs. Don't purchase precious-metal futures (they are short-term gambles). We also recommend staying away from firms and shops that sell coins and bullion (bars of gold or silver). Even if you can find a legitimate firm (not an easy task), the cost of storing and insuring gold and silver is quite costly. You won't get good value for your money - markups can be substantial. [2019] - Eric Tyson

The Law of Control: You feel happy to the degree to which you feel you are in control of your own life. You feel unhappy to the degree to which you feel you are not in control of your own life. [2004] - Brian Tracy