Quotes of the Day

The Australian dollar has had a very strong correlation (approximately 80 percent) with commodity prices and, more specifically, with gold prices. Australia has one of the highest interest rates among the developed countries. [2009] - Kathy Lien

GICs don't lose value when interest rates rise, neither do they get a boost when yields fall. This means that during a bear market for stocks-which often leads to falling interest rates-your GICs won't deliver the offsetting benefit you should expect from bonds. Since bonds and GICs each have pros and cons, you might consider a balanced approach and use both in your portfolio. For example, you could use GICs for about half of your fixed-income allocation and use a bond DTF for the other half. [2021] - Dan Bortolotti

Airbnb currently charges most hosts a flat 3% of the gross bookings and most guests about 13% of the subtotal (the nightly rate plus cleaning fee and any additional fees) in North America. In other parts of the world, the host and guest fees range from 3-5% and up to 20%, respectively. Many hosts who tried but eventually stopped using Airbnb's Smart Pricing after they discovered that their listings were at times charging 40% lower than their optimal prices. Unlike Airbnb's Smart Pricing tool, 3rd-party dynamic pricing tools don't earn a service fee from the guests. The typical fee for 3rd-party pricing provider is 1% of gross bookings. [2023] - Symon He

Never select a financial planner who is paid by commission for anything to do with stocks, bonds, or mutual funds. Great financial planners only charge their clients a fee for money management. If their clients earn a strong return after paying their fees and they keep coming back, it means they're happy. In today's age, there is nothing in the client's best interest that comes out of commissions. Every stock, bond, or mutual fund product available only by commission has an alternative that a fee-based financial planner would have access to. It's only difficult to avoid commission-based sales on insurance and private real estate purchases. [2017] - Calum Ross

RSI is a classic oscillator that excels at giving overbought and oversold signals in ranging markets. Its usefulness, like most other oscillators, tends to diminish considerably during trending markets.  [2009] - James Chen