Quotes of the Day

When you know you are ignorant in a subject, start educating yourself by finding an expert in the field or find a book on the subject. [1998] - Robert T. Kiyosaki

With unsecured LOCs, the maximum credit limit you can hope for is usually in the tens of thousands of dollars. With secured LOCs, credit limits can easily reach the hundreds of thousands of dollars, depending on the value of your collateral, because the lender can take possession of your collateral if you don’t pay back what you owe. Having collateral usually allows you to access higher credit limits, lower interest rates, and more flexible repayment terms. Secured LOCs also often allow you to make interest-only payments. A personal LOC is an example of an unsecured LOC. Home-equity lines of credit, or HELOCs, are the best-known type of secured LOC. [2021] - Erica Alini

The trader who masters all three—-technical analysis, fundamental analysis, and risk management-—is truly a “triple threat” trader. [2007] - Ed Ponsi

If you're fortunate enough to have a seven-figure portfolio, there will be no shortage of salespeople ready to flatter you by offering access to exclusive opportunities available only to "accredited investors." These include hedge funds, private equity, peer-to-peer lending, real estate partnerships and on and on. It's possible that some of these opportunities will go on to deliver outsized returns without undue risk, but you'll likely have to accept high expense, illiquidity and a lack of transparency. You're not sacrificing anything by taking a pass and just sticking to index ETFs. And you're not missing out on anything except disappointment. [2021] - Dan Bortolotti

The most effective way to work is to focus or concentrate on one task at a time. [2009] - Liz Miller