Quotes of the Day

HODLing through bear markets is not a great idea. Well, HODLing through long sideways markets is also not a great idea, because of the opportunity cost involved. [2019] - Glen Goodman

Baking soda is a handy cleaning product, because it is not abrasive and is excellent for dissolving grease and removing molds. In the mouth, however, this ability to dissolve fats and grease appears to damage the beneficial proteins that are the foundation of healthy biofilm that covers teeth and stops sensitivity, enamel erosion, and gum recession—particularly for mouths that are acidic or dry. Baking soda appears to strip this protective protein layer away in some mouths, which leaves teeth and gums more vulnerable to mechanical, thermal, and chemical assault. [2018] - Ellie Phillips

Interest earned on bank deposits, GICs, bonds, and other 'fixed income' investments is taxable when earned, at your full marginal tax rate. The same goes for dividends received from non-Canadian stocks. Generally speaking, Canadian stock dividends are taxed less severely than interest income. Dividends are taxed when earned, even if you reinvest those dividends. Capital gains are generally taxable at just half your normal rate. Any capital gains tax is payable only when the investment is actually sold. An investment can increase in market value at a compound rate over time, increasing your wealth along the way, but you trigger no tax until you actually sell. [2018] - Larry Bates

Seventy-five to eighty percent of all chemistry evaporates within six to eight months unless their relationship is significantly undergirded by deeper and more durable compatibility. [2002] - Neil Clark Warren

If you need life insurance, your best move is to buy a term policy until you've taken full advantage of TFSAs and RRSPs and until you've paid off your consumer debts and mortgage. If you find yourself in the enviable position of having accomplished all of that, some cash-value policies may be worth exploring. Even then, though, make sure you watch your costs--they can turn a theoretically good idea into a bad one in practice. [2011] - David Chilton