(38 quotes found)
“There's no evidence that additional expenses do anything but lower your returns. Lower expense ratios are more important.”
Frank Armstrong
“If you're 22 and just out of school, you can afford to make a risk because you'll have a lot of time to make it up before you retire. For somebody mid-career, you can take a chance, but if you do that, you have to protect your investment capital -- your IRA and your other savings.”
“It's never appropriate to take your retirement dollars and invest in company stock. It's suicidal to put all of your money in the company.”
“If you put all your chips on 'red 39,' of course you're going to win from time to time, ... Obviously you get periods when active managers look like they're adding value, when they're really just in a different part of the market.”
“Lower costs will give you higher net returns. I think cost is critically important.”
“Stuff every penny away that you can.”
“You're buying stocks on sale. There's never been a market that didn't recover.”
“Here's a young guy and his wife, together making $110,000 but they're only putting 4 percent of their income into a 403(b),”
“If it's a pension plan, every dollar you take out is subject to ordinary income tax because that gain has never been taxed before and the IRS wants your money,”
“The IRS just doesn't care about romance,”
