Quotes of the Day

Hedge funds are privately managed funds for wealthier investors and are generally riskier than a typical mutual fund. The fees can be steep - typically 20% of the hedge fund's annual returns, as well as annual management fee of 1% or so. They're also generally illiquid - there are usually lockup periods, and it can still be difficult to get your money back out later when needed. We generally don't recommend them. [2019] - Eric Tyson

Swing trading involves shorter time frames than the daily charts; this generally means trading from the 240-, 60-, and 15-minute charts. The time you could be in a swing trade can range from hours to days, and the trade can be a trend trade or a countertrend trade. Swing traders in general are less concerned with long-term trends. They also rely on trailing stops and OCO (order cancels order) orders and other automated features on current trading platforms. [2010] - Jay Norris

Almost 90 percent of all commodity traders and those who day trade equities lose money. As a trader trades, the first few years will be filled with countless mistakes. To trade successfully one needs to consistently make trades that offer low risk compared to the reward. [2003] - Marcel Link

Buying when stochastics are in oversold territory and selling when they are in overbought territory is a strategy that is used quite often by range traders with a great deal of success, but once the market stops range trading and begins trending, then relying on stochastics could lead to a tremendous amount of losses. [2009] - Kathy Lien

When the term of your mortgage ends, you have the option to renegotiate or seek refinancing. Refinancing is a good move if interest rates have decreased. It also makes sense if you've experienced a significant improvements in our gross debt-to-service ratio. On the other hand, refinancing may not be such a wise move if changes in the value of your property and your personal financial situation conspire to limit your ability to borrow. Speak with your mortgage broker and, if you wish, your accountant and financial planner before you refinance. [2020] - Douglas Gray