Quotes of the Day

With a regular mortgage, the five-year-term fixed rate is roughly 3% at the moment. The comparable rate for a reverse mortgage (that provides monthly payments) is 5.59%. You must be 55 or older to qualify for a reverse mortgage and you can keep receiving income payments until the total amount owning reaches 55% of the equity in your home. Buying a reverse mortgage is most appropriate for a home owner who has no intention of moving again. It is best not to start a reverse mortgage too early. Wait until age 75 or so but don't wait too long. [2020] - Frederick Vettese

Real assets fall into several different categories: 1. Businesses that do not require my presence. I own them, but they are managed or run by other people. If I have to work there, it's not a business. It becomes my job. 2. Stocks. 3. Bonds. 4. Mutual funds. 5. Income-generating real estate. 6. Notes (IOUs). 7. Royalties from intellectual property such as music, scripts, patents. 8. Anything else that has value, produces income or appreciates and has a ready market. [1998] - Robert T. Kiyosaki

Articles about personal fiance often trumpet the better long-term returns attained in the stock market than in the real estate market. One such article stated that real estate earned 5.5 percent annually over a thirty-year period, while the benchmark TSX earned 8.5 percent. I don't dispute the numbers, but articles of this type usually leave out the fact that real estate allows you to invest five times more money. So rather than earning 5.5 percent over thirty years, the smart real estate investor would have earned 27.5 percent (5.5 x 5). [2017] - Calum Ross

Acidic foods may be combined with non-acidic foods. Acidic fruits, for example, that are not allowed by themselves, may be fine if added to breakfast cereal with high-pH milk (preferably low-fat milk) or if consumed alone with alkaline water. [2014] - Jamie Koufman

No more than 5% of your portfolio should be allocated to precious metals. The iShares Silver Trust (SLV) operates much the same as the iShares Gold Trust (IAU). One simple approach to previous-metals investing is worth considering: the ETFS Physical Precious Metals Basket Shares (GLTR). In one fund, you get a basket of four precious metals - gold, silver, platinum, and palladium - each in proportion to its economic footprint. Shares are backed up by the physical metals held in vaults. The fund's cost is 0.60% a year. [2013] - Russell Wild