Jane Bryant Quinn Quotes.
The best real-estate investments with the highest yields are in working-class neighborhoods, because fancy properties are overpriced.
Savings will not make you rich. Only canny investments do that. The role of savings is to keep you from becoming poor.
Life insurance can be numbingly complicated. Clients often turn off their brains and surrender their judgment to the very agent or planner who brought on their coma in the first place.
You don’t date an annuity, you marry it. An annuity isn’t a mutual fund that you buy today and sell tomorrow. Nor is it a certificate of deposit, ready for any new use at maturity. When you buy an annuity, you are making (or ought to be making) a 15- or 20-year commitment, at least.
Financial planners who take commissions have a built-in conflict of interest…even with disclosure, my choice would be a Fee-Only planner.
Buy a friend; hire a lawyer.
Lawyers are operators of the toll bridge across which anyone in search of justice has to pass.
Never try to time the bond market. Anyone who claims to know the future of interest rates is certifiable.
You normally don’t get a margin call unless your securities, minus the debt, are worth 30% or less of their nominal market value.
The shortest period of time lies between the minute you put some money away for a rainy day and the unexpected arrival of rain.
It’s daring and challenging to be young and poor, but never to be old and poor. Whatever resources of good health, character, and fortitude you bring to retirement, remember, also, to bring money.
hindsight is not a strategy.
It’s a fact: stock investors sometimes lose money on their way to wealth. Get over it.
Where you stand should not depend on where you sit.
Everyone needs a small-town banker. Especially in a big town.
Three reasons not to have a [spending] plan: 1. You’re rich enough to buy anything you want and still have plenty of money left over. 2. I forget the other two.
Auto insurance is a toll bridge, over which every honest driver has to pass.
A faithfully kept program of savings and conservative investments can give you more money and a better life than that of your neighbors who spend everything they get. This is probably the oldest financial advice in the world, but there are some things you can’t improve on.
The chief function of stock-market forecasters is to make astrologers look respectable.