Quotes of the Day

Hedge funds are privately managed funds for wealthier investors and are generally riskier than a typical mutual fund. The fees can be steep - typically 20% of the hedge fund's annual returns, as well as annual management fee of 1% or so. They're also generally illiquid - there are usually lockup periods, and it can still be difficult to get your money back out later when needed. We generally don't recommend them. [2019] - Eric Tyson

Low-protein diets (less meat, fish, and eggs) extended lifespan by switching on the longevity pathway that protects DNA, cells, and tissues from the inevitable damage done during growth and reproduction. The longevity pathway is universal—from yeast cells to humans. Low protein needed to be combined with high carb (low-calorie vegetables, fruits, beans, and whole grains) to promote longest life. A low-protein, high-fat diet (fatty foods, such as butter, vegetable oils, or fried foods) didn’t yield the same longevity benefits as a low-protein, high-carb diet. [2020] - David Raubenheimer

There are two big reasons why people retire earlier than planed. The first is that their employer pushes them out. The other reason is health. Once you lose your regular full-time job, you're very unlikely to find another one, or at least one that pays nearly as well. In most cases, the best you can hope for is to work freelance or on a contract basis, and even then, you'll probably make less money. [2021] - Frederick Vettese

The cap rate is the ratio between the net income and original price. You get this by dividing the net income by the property's purchase price and it's expressed as a percentage. I look for 10% and higher (if possible), which is difficult to find in Toronto. In the US, where I own additional properties, it's not as difficult to find; it's much more common and that's why I also like purchasing homes there, for the cash flow. [2021] - Shazia Virani

The less said about the past, the better for both partners. No one forgets his or her past, but it does no good to rehash old hurts. Don't ask for details of previous romantic relationships. If you do ask a question, keep it open-ended. "How did things go between you?" Listen to the story, but don't pry. [2005] - Sharon Romm