Alfred Mill

“Plan your purchases and don’t buy anything on the spot that wasn’t part of your plan. If there’s something you feel you really must have, think about it for at least two days, and if you still want to buy it, make sure you have enough cash to cover it and do a little comparison shopping first so you don’t overpay.”
― Alfred Mill, Personal Finance 101: From Saving and Investing to Taxes and Loans, an Essential Primer on Personal Finance

“The highest-risk investments include: Futures Commodities Limited partnerships Collectibles Rental real estate Penny stocks (stocks that cost less than $5 per share) Speculative stocks (such as stock in new companies) Foreign stocks from volatile nations “Junk” (or high-yield corporate) bonds Moderate-risk investments include: Growth stocks (companies that reinvest most of their profits to grow the business) Corporate bonds with lower (but still investment-grade) ratings Mutual funds or exchange-traded funds (ETFs) Real estate investment trusts (REITs) Blue chip stocks Limited-risk investments include: Top-rated investment-grade corporate and municipal bonds The lowest-risk investments include: Treasury bills and bonds FDIC-insured bank CDs (certificates of deposit) Money market funds Practicing”
― Alfred Mill, Personal Finance 101: From Saving and Investing to Taxes and Loans, an Essential Primer on Personal Finance