Quotes of the Day

Stock options are a fantastic instrument to trade when traded on daily or weekly charts. Day trading stock options is extremely risky and difficult, and not for the novice trader. [2008] - Markus Heitkoetter

Three qualities indicate emotional health. Generosity, truthfulness, and kindness. If you find a person who is emotionally healthy, you will have eliminated 75 to 80 percent of the causes of divorce. [2002] - Neil Clark Warren

Life Insurance Tax Shelters (LITS) offer an option that will not only permit your money to grow Tax-Free, but if structured properly, will permit you to access the funds without tax ramifications. Each insurance company has their own name for their unique plan, but the plans basically operate like this. You participate in an insurance plan that also permits you to deposit money into it. The amount deposited can be very flexible and may change as you desire over the years, however, you will always be required to participate in the insurance coverage. Our recommendation is that you subscribe to the lowest "decreasing term" possible. You want your actual insurance premiums to be the lowest necessary to keep the plan active, because you want to take the extra money and deposit it within the plan as an investment. [2008] - Dwayne Daku

Wholesaling is one of the most difficult real estate "jobs", because you have to be great at almost every aspect of the transaction (marketing, analyzing, communication, sales, negotiation, etc.). However, if you are able to connect with a great wholesaler, you truly can get hot deals delivered straight to your inbox. To find wholesalers: Call the numbers you see on those ugly "bandit signs" on the side of the road; Go to every real estate club in your area; Create a Marketplace posting on BiggerPockets; Train your own wholesaler on how to find you deals! [2015] - Brandon Turner

House investments with the greatest potential for growth in your TFSA - TFSA money won't ever be taxed (presuming there are no changes in the law). Foreign ETFs should be held in your RRSP - The reason is that foreign dividends are subject to withholding tax, usually about 15%. You can get that money back on U.S. investments, but not on stocks based in other countries. The withholding tax doesn't apply on investments held inside an RRSP. [2013] - Russell Wild