Quotes of the Day

For a given shift in interest rates or financial strength, changes in the market value of long-term bonds will be much greater than price changes of short-term bonds. For example, a 1% increase in interest rates would cause the market price of a 3-year $10,000 bond to decline by around 3% or $300; whereas a $10,000 30-year bond would likely drop in price by around 20% or $2,000. (Note that bond market price changes don't much matter if you hold a bond to maturity.) [2018] - Larry Bates

The habit of frugality: Most self-made millionaires do not buy new cars. They wait until a good quality car is about two years old before they buy it. They buy the car and then drive it for five or ten years before replacing it. [2004] - Brian Tracy

When selecting a financial planner, you want someone with at least seven years of experience. If they've been in the business for at least seven years, it means they've likely seen at least one full market cycle. [2017] - Calum Ross

In marketing, a rule of thumb is to do your market research first. "Know your customer." [2005] - Robert T. Kiyosaki

a short-term (over the next few hours) trading range may be 20 to 50 pips wide, while a longer-term (over the next few days to weeks) range can be 200 to 400 pips wide. Medium-term traders are normally looking to capture larger relative price movements — say, 50 to 100 pips or more.  [2007] - Mark Galant