Quotes of the Day

For people to be considered wealthy, they should meet the following two criteria: 1. They should have enough money to never have to work again, if that's their choice. 2. They should have investments, a pension, or a trust fund that can provide them with twice the level of their country's median household income over a lifetime. [2017] - Andrew Hallam

Compared to couch potatoes, people who exercise regularly have lower inflammatory cytokine levels, respond more successfully to vaccinations, and enjoy a more robust immune system. Immunosenescence is a natural process that happens with age...but people who exercise may be able to delay it until the end of life.  [2017] - Elizabeth Blackburn

In a position trade--or any trade--you should be risking only a small percentage of your overall risk capital. For professionals this may be as little as 0.5 to 1 percent. For beginners, who are often undercapitalized by definition, it should never be over 5 percent and preferably should be closer to 2 percent. [2010] - Jay Norris

If using a trend-following system, it’s easy to move a stop along. Every time it broke higher and then made a higher low, one could have raised the stop to the previous low until the trade was stopped out. [2003] - Marcel Link

7% of the selling price is an estimate of cost of sale that has traditionally been popular among income-property investors. This amount would presumably be sufficient to cover the legal and brokerage costs for a typical transaction. [2004] - Frank Gallinelli