Quotes of the Day

Top-quality marketing requires good-looking graphics. Traditional graphics designers can be quite expensive, so I recommend either finding a friend who is handy with graphics software or using an online vendor. [2006] - Scott Fox

Relative volatility of some currency pairs from low (daily 60 pips) to high (daily > 130 pips): AUD/USD, NZD/USD, USD/CAD, USD/JPY, EUR/USD, USD/CHF, GBP/USD. [2007] - Grace Cheng

Closing costs are anything but a drop in the bucket, typically adding up to between 1.5% and 4% of a home's purchase price. Common closing costs are a home inspection, real estate lawyer fees, land transfer tax and appraisal fees, among others. [2017] - Sean Cooper

It's not enough to compare ETFs solely on the basis of their MER by assuming a fund that is cheaper by 3 or 4 basis points will automatically outperform a competitor by that same amount. An ETF with a slightly higher fee but consistently lower tracking error might turn out to be a better choice. You can usually learn the fund's tracking error by visiting its web page: the major ETF providers (including iShares, Vanguard and BMO) publish both fund returns and benchmark returns (e.g. XUU lagged its benchmark by 1.52% in 2020). You can also find this information in the Management Report of Fund Performance: this document is typically published twice a year, and you can download a copy on the fund provider's website. [2021] - Dan Bortolotti

When investing, buy high quality rare coins. Coins graded below MS-60 like gold St. Gaudens and Morgan Silver Dollars with scratches and other defects are so common that they trade near the value of their metallic content. [2008] - Shayne McGuire