Quotes of the Day

If you have any desire of being rich, you must focus. Put a lot of your eggs in a few baskets. Do not do what poor and middle class people do: put their few eggs in many baskets. [1998] - Robert T. Kiyosaki

Round numbers in the prices of currency pairs present strong psychological barriers in the progress of a trend. Such levels tend to define strong support and resistance areas. [2008] - Yeo Keong Hee

Well-defined price-oscillator divergences, especially on longer-term charts, can be surprisingly accurate in many instances. [2009] - James Chen

The interest paid on money borrowed to in TFSAs, RRSPs, RDSPs and RESPs will not be deductible. Opening a home-based business and claiming home office expenses will make your mortgage interest costs partially deductible, or you can borrow against the equity in the home, place investments in non-registered accounts and then write off the interest on the loan. Discuss these options with your tax advisor. [2020] - Evelyn Jacks

For most portfolios, a reasonable split of foreign stock holdings would be something like the neighbourhood of 40/40/20, with 40% going to Europe (England, France, Germany, Switzerland); 40% to the developed Pacific region (mostly Japan, with a smattering of Australia, New Zealand and Singapore); and 20% to the emerging market nations (Brazil, Russia, Turkey, South Africa, Mexico, and a host of countries where the entire value of all outstanding stock may be less than that of any S&P 500 company). [2013] - Russell Wild