Fund Quotes - Page 29

• An index fund is a fund that simply invests in all of the stocks in a market. So, for example, an index fund might invest in every single stock or almost every single stock in the U.S. market, it might invest in every single stock abroad, or it might invest in all of the bonds that are out there. And you can make a perfectly fine investing portfolio that mixes equal parts of all three of those.

  William J. Bernstein

  Example, Three, Investing

  Source: www.npr.org

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• The key aspect of an index fund is that many of them, not all of them, but many of them are extremely cheap.

  William J. Bernstein

  Keys, Aspect, Index Funds

  "< A Young Person's Guide To Getting Rich Slowly". www.npr.org. June 16, 2014.

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• The key thing about any fund is to make sure its expenses are low. You know, if you look at the funds in your plan and you see that they're all charging 1.5 and 2 percent,you've gota bad plan.

  William J. Bernstein

  Keys, Looks, Lows

  "A Young Person's Guide To Getting Rich Slowly". Interview with Robin Young, www.npr.org. June 16, 2014.

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• America's skyscrapers were not built by public funds nor for a public purpose: they were built by the energy, initiative and wealth of private individuals for personal profit. And, instead of impoverishing the people, these skyscrapers, as they rose higher and higher, kept raising the people's standard of living - including the inhabitants of the slums.

  Ayn Rand

  America, Rose, People

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• We are going to put an end to the notion that the American taxpayer exists to fund the Federal Government.

  Ronald Reagan

  Government, Ends, Taxpayers

  1980 Republican National Convention Acceptance Address, delivered 17 July 1980, Detroit, MI

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• That charity fund, inside and outside Scotland is a very important identity of Celtic Football Club.

  Fergus McCann

  Football, Scotland, Important

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• Money actually becomes even more difficult than other things because it's very hard to imagine what the benefits are to saving. So, imagine that you see a new bicycle, a new pair of shoes, or something today. You know exactly what you are giving up if you are not buying it, what are you gaining in the future if you are not getting it. So, you are giving up the bicycle today, what is it in the future? What will happen if you send another $1,000 to your retirement fund? What difference will it make? It is very, very hard to figure out.

  Dan Ariely

  Retirement, Giving Up, Shoes

  The Big Think Interview, bigthink.com. November 18, 2009.

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• Given a limited budget, the most effective expenditure of funds to improve a street would probably be on trees.

  Allan Jacobs

  Tree, Given, Expenditures

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• First, only invest in companies that have the potential to return the value of the entire fund.

  Peter Thiel

  Firsts, Return, Company

  Peter Thiel, Blake Masters (2014). “Zero to One: Notes on Startups, or How to Build the Future”, p.68, Crown Business

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• The power of creating new funds upon new objects of taxation, by its own authority, would enable the national government to borrow as far as its necessities might require.

  Alexander Hamilton

  Government, Creating, Taxation

  Alexander Hamilton, James Madison, John Jay (2017). “The Federalist Papers (Including Declaration of Independence & United States Constitution): Written by the Founding Fathers in Favor of the Constitution – Arguments that Created the Modern America”, p.150, Madison & Adams Press

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• Brokerage firms don't sell customers stock so much as they sell those horrible mutual funds

  Michael Steinhardt

  Mutual Fund, Horrible, Firm

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• I have no regrets - in fact, I am pleased to have expelled the US ambassador, the Drug Enforcement Administration (DEA) and to have closed the US military base in Bolivia. Now, without a US ambassador, there is less conspiracy, and more political stability and social stability. Without the International Monetary Fund, we are better off economically.

  Evo Morales

  Regret, Military, Political

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• When you diversify your mutual funds, you are diversifying something that is already diversified. Diversifying mutual funds is like taking high octane gasoline & adding water & then adding orange juice to it.

  Robert Kiyosaki

  Orange Juice, Water, Gasoline

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• An essential point in the social philosophy of interventionism is the existence of an inexhaustible fund which can be squeezed forever. The whole system of interventionism collapses when the fountain is drained off: The Santa Clause principle liquidates itself.

  Ludwig von Mises

  Philosophy, Forever, Principles

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• We're looking at a huge gap between what an entire generation thinks is going to happen during its retirement years and the funds that are there - or, more accurately, are not there - to make good on all those promises.

  John C. Goodman

  Retirement, Thinking, Years

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• Ronald Reagan cut taxes to raise the deficit to stop liberals in future years from increasing spending. Obama will raise spending to raise the deficit to stop conservatives in future years from cutting taxes. As he funds every liberal dream - from alternative energy production to infrastructure renovation to more federal revenue sharing - he will force a massive expansion in the size of government for a decade to come.

  Dick Morris

  Dream, Cutting, Government

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• House GOP Leader John Boehner on Monday rightly sounded the alarm over billions in stimulus tax dollars that could potentially go to the Association of Community Organizations for Reform Now (ACORN). But the Republican leadership has only scratched the surface over what amounts to a bottomless slush fund for a bigger coalition of housing entitlement thugs.

  Michelle Malkin

  Monday, Thug, Organization

  "Stimulus Slush Fund for Entitlement Thugs" by Michelle Malkin, www.realclearpolitics.com. January 30, 2009.

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• The time will come, and probably during 2009, that the only way the U.S. will be able to fund its deficits is to create money by printing it. The Treasury will have to sell bonds, and, in the absence of foreign buyers, the Fed will have to print the money to buy them. The consequence will be runaway inflation, increasing interest rates, recession, and inevitable tax increases on all Americans.

  Doug Casey

  Able, Way, Absence

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• He [Thomas Edison] considered [money] as a raw material, like metal, to be used rather than amassed, and so he kept plowing his funds into new projects. Several times he was all but bankrupt. But he refused to let dollar signs govern his actions.

  Charles Edison

  Dollars, Raw Materials, Plowing

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• There's obviously nothing wrong with selling your art - only an idiot with a trust fund would tell you otherwise. But it's confusing to know how far you should take it.

  Banksy

  Art, Confusing, Idiot

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• Much of the DOE green energy lending program is a scam. It is a slush fund of pork for paying back campaign contributors.

  Dick Morris

  Energy, Pork, Doe

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• Liberals believe and inexhaustible fund exists that can be tapped endlessly to pay for government social programs. Tax the rich and give it to a long line of moochers, pork barrel hustlers and ne'er-do-wells. These funds would otherwise have been employed as additional capital indispensable to economic progress.

  James Cook

  Believe, Government, Giving

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• Taxing the rich to fund the poorly managed government programs is simply a self-destructive decision: It does nothing more than move money and investment decisions away from proven moneymakers (read: job producers) to Washington amateurs. In both cases, American's lose.

  T. J. Rodgers

  Jobs, Moving, Government

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• Government workers think the job of everyone else in the economy is to protect their high salaries, crazy work rules and obscene pensions. They self-righteously lecture us about public service, the children, a 'living wage' all in the service of squeezing more money from the taxpayer to fund their breathtakingly selfish job arrangements.

  Ann Coulter

  Jobs, Children, Crazy

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• Follow the money, Washington reporters like to say. The money is this case comes from taxpayers, present and future, who are the source of every penny of dues paid to public employee unions, who in turn spend much of that money on politics, almost all of it for Democrats. In effect, public employee unions are a mechanism by which every taxpayer is forced to fund the Democratic Party.

  Michael Barone

  Party, Unions, Pennies

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