Quotes of the Day

For business-to-consumer companies, you need to have a constant touch system to keep the relationship strong. This may mean a VIP card that your clients can use to get express service or special benefits. "Education-based marketing" is an excellent method of staying in touch. No matter what you sell, you can find valuable information that your client will appreciate receiving. [2007] - Chet Holmes

I firmly believe that interest rates will stay low for the foreseeable future, but I don't do my long-term financial projections based on those low numbers. I calculate a worst-case scenario, where interest rates rise dramatically (using a 3 percent stress test). Only if my investments will still cover the cost of borrowing, after accounting for a sharp rise in rates, will I make an investment with borrowed funds. Remember that it's actually the after-tax cost of borrowing that matters. Consider this: if you're in the 50 percent tax bracket, even a rise of interest rates to 6 percent would be equivalent to an after-tax cost of borrowing of 3 percent because you can deduct half of your interest expense in taxes. [2017] - Calum Ross

When the prospect agrees to meet with you at a specific time, you have made your fist sale, the sale that makes the real sale possible. You then confirm by repeating the time, day, and date of the meeting, plus you give the prospect your telephone number in case something comes up. [2004] - Brian Tracy

I'll use the SPDR Gold Trust (the biggest one) as an example of how gold ETFs work. When the buy order is processed, two things happen. First of all, the fund issues 10 shares to cover the investor's purchase. Then the fund uses the purchase money to buy an ounce of gold, which is added to the SPDR Gold Trust hoard in London. This means that outstanding shares rise as the ETF's gold stock grows. The opposite process occurs when a SPDR investor decides to sell. His shares are redeemed, and the fund sells the corresponding amount of gold from its stock. [2009] - James DiGeorgia

We can use the weekly and daily data for the setup conditions and the 60m data for trade execution and management. For an even higher probability trade position, the two higher time frames’ momentum should be in the same position. Using two higher time frames will always result in fewer trades but also should result in a higher percentage of successful trades. [2009] - Robert C. Miner