Quotes of the Day

An ending diagonal is a special type of wave that occurs primarily in the fifth wave position at times when the preceding move has gone "too far too fast". A very small percentage of ending diagonals appear in the C wave position of A-B-C formations. In all cases, they are found at the termination points of larger patterns, indicating exhaustion of the larger movement.A rising diagonal is bearish and is usually followed by a sharp decline retracing at least back to the level where it began. A falling diagonal by the same token is bullish, usually giving rise to an upward thrust.  [2001] - Robert Prechter

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

An important factor of trading success lies in the matching of Method with the trader’s own personality and trading style.  [2007] - Grace Cheng

Global Nomad portfolios (single, globally diversified portfolios that have no home‐country bias) would work well for couples that don't know where they want to retire. They would also suit couples retiring in an emerging‐market country. Emerging‐market countries have small, volatile markets. Retirees who choose to invest with a “home‐country” emerging‐market bias would be taking unnecessary risk. Instead, they could spread their risk across a multitude of global economic regions. [2018] - Andrew Hallam

Most variable annuities are way overpriced, carry nasty penalties for early withdrawal, and prove to be lousy investments. The same is true for many life insurance products other than simple term life. As a rule, it's best to keep your investment products apart from your insurance products. And never buy an annuity unless you are absolutely sure you know what you are buying. [2013] - Russell Wild