Quotes of the Day

Common lift-riding rules: 1. There will be no talking to anyone, including a person you know. 2. Avoid eye contact with others at all times. 3. Maintain a 'poker face' - no emotion is permitted to be shown. 4. If you have a book or newspaper, pretend to be deeply engrossed in it. 5. In bigger crowds, no body movement is allowed. 6. At all times, you must watch the floor numbers change. [2004] - Allan Pease

7% of the selling price is an estimate of cost of sale that has traditionally been popular among income-property investors. This amount would presumably be sufficient to cover the legal and brokerage costs for a typical transaction. [2004] - Frank Gallinelli

It is essential for day traders to know the trend direction on the daily chart as this enables them to trade knowing the overall technical picture. [2007] - Grace Cheng

The single most important strategy you can use to maximize the value of all the other strategies is to communicate on a regular basis with everyone who contributes, or ever will contribute, in any way to your business success. In business the secret to keeping and growing clients, as well as growing a career, is to keep continual and meaningful communication with everyone important to you. [2000] - Jay Abramham

It's worth paying attention to the bid-ask spread when you buy an ETF. As a general rule, the spread should be no more than 2 or 3 cents, especially if the share price is less than $30 or so. ETFs with high share prices are less expensive to trade. In North America, stock exchanges are open between 9:30 am and 4:00 pm Eastern Time. Never place an order on a stock exchange when the markets are closed. The US market is closed on Martin Luther King Jr. Day in January and Memorial Day in May, while the Canadian exchanges remain open. You could see the bid-ask spread on your ETF much wider than usual, and that should be a signal not to place your trade. To be safe, don't make any ETF trades on days the US market is closed. [2021] - Dan Bortolotti