Steven Kaye Quotes (12 Quotes)

There's no magic formula to get you through this. Return to the fundamentals. Look at what's on sale.

People should make resolutions not to go for gimmicks.

People who save 10 percent of their income throughout their working years, from their 20s on, are usually in good shape. You want to at least put the full amount aside to get the match.

The biggest mistake is putting it off. If people can get in the mode of saving 10 to 15 percent of their income when they're young, they'll be financially well off later on in life.

Forget about your jewelry. You're not going to sell it. You're going to give it to your daughter.

People ignore inflation. They do straight-line projections.

If it's a guru-driven fund, with a great stock picker - like if David Alger stopped running the Alger Fund -- we would expect the unknown. Whenever there is a manager change, most of the time you don't know what the hell you're going to get.

Don't go by these old clichs that the rule of thumb is you'll need 70 percent of your income. It's a bunch of baloney. You're best served by not going by rules of thumb. Figure out what do you want and what are you goals.

Just because your assets are going up doesn't mean your net worth is going up.

It's net worth to them. It's worth nothing to you.

This is a classic bear market rally, a sucker's rally. There has not been anything good on the economic front to justify this run-up.

It's the more modern, more user-friendly plan.