Quotes of the Day

When you are getting a mortgage, for example, you may wish to have a six-month open mortgage if you think interest rates are decreasing, and then convert it into a three- or five-year closed mortgage when you see that interest rates are heading up. [2006] - Douglas Gray

We recommend a minimum of $10,000 for a commodity account and $25,000 for a stock account. You have about 50 to 1 leverage in commodities. The smaller the account, the longer it will take you to build up your equity. [2004] - Bill Williams

The five Ds that were required to become very rich: 1. Dream. 2. Dedication. 3. Drive. 4. Data. 5. Dollar. [2000] - Robert T. Kiyosaki

A qualified investor (stock traders and analysts) recognizes that the current p/e is not as important as the future p/e. [2000] - Robert T. Kiyosaki

There are three general categories of trading styles. Position, or end-of-day, trend trading tends to have the most favorable risk-reward ratio and also takes up the smallest amount of time per day. For swing trading you don't need to be sitting in front of a computer screen but you need to be able to enter orders from a portable electronic device. Day trading takes a high degree of concentration and requires the trader to be sitting in front of the computer; this type of trader has a higher winning percentage but a less favorable risk-reward ratio.  [2010] - Jay Norris