Quotes of the Day

There are many financial advisory credentials. The Certified Financial Planner and Chartered Financial Planner designations (both known by the initials CFP) are the most rigorous. Not every CFP will exclusively build portfolios of index funds. In fact, most will sell higher-commission products. But a CFP is at least qualified to practice their craft. Most other three-letter designations at the bottom of an advisor’s business cards are comparatively unimpressive. [2022] - Andrew Hallam

For a retired or soon-to-be-retired client, we might suggest a 60/40 (stocks/bonds) portfolio only if that portfolio is very, very well-diversified with different kinds of stocks and bonds, and the client has at least two years of living expenses in cash and near-cash (short-term GICs, high-quality and very short-term bonds). But in most cases, we'd prefer to see a 50/50 portfolio. [2013] - Russell Wild

Market data can motivate purchasing when people might not even feel they need the product. [2007] - Chet Holmes

If you are a day trader, you may be sitting in front of the monitor(s) five or six hours a day making quick decisions. If you’re a swing trader (doing trades that typically last a few days) making decisions based on intraday data, you should only have your attention on the markets once they meet the minimal conditions for a trade. You may only have to put in an hour or two a day in front of the monitor. If you’re a position trader making decisions based on monthly, weekly, and daily data, you should only have to spend 30 minutes or so each evening scanning the data and charts for potential setups, or a bit more time if you are a stock/ETF trader and following a lot of markets. [2009] - Robert C. Miner

Problems to Look for When Shopping for Rental Properties: 1. The Bigfoot smell; 2. The hidden third bedroom; 3. Ugly countertops and cabinets; 4. The bad roof; 5. Mold; 6. Compartmentalized configuration; 7. Jungle landscaping; 8. Junk. Problems to Avoid When Shopping for a Rental Property: 1. Neighborhood; 2. Foundation (including water leaking) issues; 3. Location-specific problems, such as being directly below a flight path or next door to loud/angry dogs. [2015] - Brandon Turner