Quotes About Finance

You're already a financial trader. You might not think of it in just this way, but if you work for a living, you're trading your time for money. Frankly, it's just about the worst trade you can make. Why? You can always get more money, but you can't get more time.

You can be young without money, but you can't be old without it. —TENNESSEE WILLIAMS

And this real-world approach is called the dollar-weighted return.

That's the whole secret: earn more, spend less, and automate it.

Investing is 95% luck and 5% skill. And maybe if I'm wrong, it's 98 and 2.

by the way, you'll never hear them referred to as "brokers." They are called registered representatives, financial advisors, wealth advisors, vice president of this, that, or the other thing.

Asset allocation, where to park your money and how to divide it up, is the single most important skill of a successful investor.

So if you think you can time the markets, you're wrong.

diversify across time. And that's what dollar-cost averaging does for you.

Here's an example that might prove valuable to you: a friend of mine recently bought a New York City bond where he's getting a 4% return tax free—which, for someone in a high tax bracket, is the equivalent of an approximately 7% return in a taxable bond!

Remember, the goal is to take emotion out of investing because emotion is what so often destroys investing success

whatever your favorite investment might be, at some point in your life, you can count on it dropping 50% to 70% in value. While there's unlimited potential for upside in this bucket, never forget that you could lose it all (or at least a significant portion). That's why I call this the Risk/Growth Bucket and not the Growth/Risk Bucket, because growth is not guaranteed, but risk is!

401(k) industry "the largest dark pool of assets where nobody really knows how or whose hands are getting greased.

The Retirement Savings Drain: The Hidden & Excessive Costs of 401(k)s

it's not what you earn that matters, it's what you keep.

The amount that you contribute to the annuity, the length of time before you decide to access your income stream, and your age at the time your income begins are the primary factors that will ultimately contribute to the amount of income you'll receive.

Then you need long-term government bonds. Fifteen percent in intermediate term [seven- to ten-year Treasuries] and forty percent in long-term bonds [20- to 25-year Treasuries].

The whole trick in investing is: "How do I keep from losing everything?" If you use the 200-day moving average rule, then you get out.

Asset allocation, 2. Diversification, 3. Tax efficiency.

The other type of annuity is called a deferred annuity. This simply means you give the insurance company money either in one lump sum or over a period of years, and instead of receiving

So in my total portfolio, including both my personal and retirement accounts, about 60% of my assets are in stocks, mostly in Vanguard's stock index funds.

20% Wilshire 5000 Total Mkt TR USD 20% FTSE NAREIT All REITs TR 20% MSCI ACWI Ex USA GR USD 15% Barclays US Long Credit TR USD 15% Barclays US Treasury US TIPS TR USD 10% MSCI EM PR USD

Brainstorm about all the recurring expenditures that you could eliminate or reduce to cut your expenses. Car insurance, cell-phone bills, lunch money, movie tickets. Think about where you can make changes.

Just like dollar-cost averaging, the discipline once again makes you invest in underperforming assets when their prices are low, so that you own lots of them when their prices go up.