Stocks, Bonds & Taxes Quotes

“Some great investments are not bought on the open market or Big Board. They are grown economically by entrepreneurs in exceedingly small towns. An investment in the neighborhood or family is an asset to all involved.”
― Phillip B. Chute, Stocks, Bonds & Taxes: A Comprehensive Handbook and Investment Guide for Everybody

“Blue-chip stocks are a reasonable investment for the elderly investor because they usually pay cash dividends which the retired person may need to live on, and are usually more conservative than other investments, excluding bonds. Holdings in these stocks should be long-term to avoid trading costs and speculation.”
― Phillip B. Chute, Stocks, Bonds & Taxes: A Comprehensive Handbook and Investment Guide for Everybody

“he Dow Jones Industrial Average is the sum of the largest 30 corporations, although they represent the bulk of the trading on that exchange. This average dominates everybody’s thinking about the market being up or down or whatever. Try to make individual stock picks and forget about the market. A good market could pull your stock up and, a bad one could pull it down, but the real investment factor is how well the company is managed and performs within the stock market.”
― Phillip B. Chute, Stocks, Bonds & Taxes: A Comprehensive Handbook and Investment Guide for Everybody

“Financial advisors have a fiduciary duty to correctly document your age, income, savings, financial experience, and risk assessment. They are required not to match conservative investors with risky investments and to make their clients aware of the difference. This is the main point of contention on Broker-Dealer Sales Representative complaints for arbitration.”
― Phillip B. Chute, Stocks, Bonds & Taxes: A Comprehensive Handbook and Investment Guide for Everybody

“The best investment is education and family. The rest will follow.”
― Phillip B. Chute, Stocks, Bonds & Taxes: A Comprehensive Handbook and Investment Guide for Everybody