Quotes of the Day

It's a good idea to start looking for a lawyer before you start housing hunting. Seek out lawyers who specialize in real estate. Interview two to three lawyers. [2017] - Sean Cooper

Coins like the American Eagle, the Krugerrand, and the Canadian Maple Leaf are known as bullion coins. It’s now possible to build a collection that also includes the French Rooster, Chinese Panda, and Austrian Philharmonic, along with bars of various size minted by banks like Credit Suisse and UBS, and refiners like Johnson Matthey. [2004] - James Turk

The terms "REO property" and "foreclosed property" are often used interchangeably, but both refer to the same concept: a bank-owned property. Today, REOs are usually listed on the MLS. The homes are listed through local real estate agents and sold to the higher or best buyer. REOs can be exceptionally good for investors for two reasons. 1. There is usually something distressed about the property. Many people simply avoid these properties, because they don't want to deal with the problems. 2. Banks are not likely to get offended by a low offer and will look at your offer analytically, not emotionally. For this reason, banks are often willing to drop their price fast to get the property sold and off their books. [2015] - Brandon Turner

If we have determined that we are in an uptrend on the daily chart, we can go long if the price falls to a level of support on the hourly chart. Or we can go long if an oscillator, such as RSI(calculated using 14 periods), indicates that the pair is oversold on the hourly chart (I recommend waiting for the oscillator to drop from the over- bought level and into neutral territory). Enter long with your stop below the area of support. An active day trader can use a four-hour chart as the longer-term chart and a 15-minute chart as the shorter-term chart. [2007] - Ed Ponsi

Sam Dogen, the man behind the popular blog Financial Samurai, says nobody should buy a car that costs more than 10 percent of their gross annual income. I bought my current car five years ago for $4,500. If I spent $50,000 on a car, it might annoy me if an errant shopping cart rolled into its door. My lower-priced car also makes it easier to relax when I’m driving in tight traffic. And I don’t have to worry about wrecking expensive wheels if I get too close to the curb while parallel parking. I’m not saying everyone should follow my lead, or Sam Dogen’s. But by worrying less, I live well. [2022] - Andrew Hallam