WoV stock portfolio

I've been paying for auto insurance since I was seventeen, and have never collected on it. Looking back, it might look like a bad investment, but was it?

Quote: billryan

I've been paying for auto insurance since I was seventeen, and have never collected on it. Looking back, it might look like a bad investment, but was it?
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Insurance is almost always a bad ‘investment’.

I always decline the car rental insurance add on. Don’t know how many $$ I’ve saved over the years. Once had an issue that cost me my $500 deductible from my regular car insurance. I was grumpy paying that $500, but still was happy for the multiple of that I’ve saved over the years.

Quote: billryan

People who had a sound financial plan managed fine, while those who thought that diversifying meant having five different S&P 500 funds didn't.

extremely silly post - surprise, surprise, surprise
no reason for anyone to have 5 or more than one since they all return the exact same %

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My nephews are not big believers in Wall Street. They only keep about 20% of their money in stocks. They claim it is what their peers are doing. It appears to be working well for them. Ten years ago, I was convinced my youngest nephew would live in my sister's basement for life, but happily, I was very wrong.

Quote: SOOPOO

Quote: billryan

I've been paying for auto insurance since I was seventeen, and have never collected on it. Looking back, it might look like a bad investment, but was it?
link to original post

Insurance is almost always a bad ‘investment’.

I always decline the car rental insurance add on. Don’t know how many $$ I’ve saved over the years. Once had an issue that cost me my $500 deductible from my regular car insurance. I was grumpy paying that $500, but still was happy for the multiple of that I’ve saved over the years.
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I have always declined also. I have no idea how many days that I have rented a car and what I have saved. I would guess that I have well over 500 nights of car rental. If I ever do accept their insurance it will because I have every intention of collecting on it.

Quote: DRich

Quote: SOOPOO

Quote: billryan

I've been paying for auto insurance since I was seventeen, and have never collected on it. Looking back, it might look like a bad investment, but was it?
link to original post

Insurance is almost always a bad ‘investment’.

I always decline the car rental insurance add on. Don’t know how many $$ I’ve saved over the years. Once had an issue that cost me my $500 deductible from my regular car insurance. I was grumpy paying that $500, but still was happy for the multiple of that I’ve saved over the years.
link to original post

I have always declined also. I have no idea how many days that I have rented a car and what I have saved. I would guess that I have well over 500 nights of car rental. If I ever do accept their insurance it will because I have every intention of collecting on it.
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Yeah those waivers are very profitable for the rental company, and the clerks get a commission for selling it as an add-on.

I have a business model for a car rental company that also ships and loads your checked luggage. You'd bring your luggage to their drop-off at your departure airport 24 hours before your flight, and they fly it as consolidated cargo to your destination airport. You get on the plane with just your carrion, and when you arrive, a rental valet shows up with your car and your luggage is already loaded in the trunk. He checks your ID, gives you the keys, then heads over to the arrival terminal to wait for someone returning a car and the process is reversed- he takes the keys, gives you a receipt, drives it back to their depot where your luggage gets flown as cargo back to your home airport and the car is refreshed.

Aside from the convenience and cost savings of not having to deal with an airline's checked luggage problems and costs, such a car rental company would see savings in not having a rental office or counter, which is usually on prime real estate, and instead could just have a lot a few miles away from the airport. Then the only customer-facing employees they would need would be these valets loading and unloading the luggage and driving the cars back and forth.

Quote: AutomaticMonkey

I have a business model for a car rental company that also ships and loads your checked luggage. You'd bring your luggage to their drop-off at your departure airport 24 hours before your flight, and they fly it as consolidated cargo to your destination airport.

I hate to say it but that sounds like a horrible idea. What traveler wants to be without the majority of their travel belongings for 24 hours? I rarely even pack until an hour before I am leaving.

Apple became the first publicly traded company to reach a trillion-dollar market cap in August 2018. SpaceX is the 12th company to surpass that mark. Concentrating that much wealth in so few companies is not particularly healthy.

Quote: billryan

Apple became the first publicly traded company to reach a trillion-dollar market cap in August 2018. SpaceX is the 12th company to surpass that mark. Concentrating that much wealth in so few companies is not particularly healthy.
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MUSK up $100 BILLION today as I type this!

WoV portfolio up, but still lagging my others. Up around 252% .

Musk is prohibited from selling any of his shares for a full year. The other ‘insiders’ have various ranges of when the can sell. But none nearly as restrictive as Musk’s. It is believed Musk agreeing to the restriction is a big reason the price has soared since the IPO.
Apparently SPCX doesn’t get added to QQQ/SPY and the like immediately. Takes weeks for some, and a year for others.

Yum Foods has sold off its Pizza Hut division and has committed to reinventing its KFC brand. Both divisions have been underperforming for years.
For long-term investors, Yum was a spin-off of Pepsi in the late 90s. Shareholders were given the option of either one share of Yum or a one-time $ 5.00-and-change payment. That $5 is now grown to almost $160 and earns $3 a year in dividends.

A perfect example of how long-term investing works. Yum has had decent, but not great results for its lifetime but those who held it have done berry berry well..

Edit-It's actually even better, as I forgot that Yum had split off its China division into a separate stock, Yum China, worth roughly $40 per share. That is $200 plus $3 a year in dividends.

Quote: billryan

Yum Foods has sold off its Pizza Hut division and has committed to reinventing its KFC brand. Both divisions have been underperforming for years.
For long-term investors, Yum was a spin-off of Pepsi in the late 90s. Shareholders were given the option of either one share of Yum or a one-time $ 5.00-and-change payment. That $5 is now grown to almost $160 and earns $3 a year in dividends.

A perfect example of how long-term investing works. Yum has had decent, but not great results for its lifetime but those who held it have done berry berry well..

Edit-It's actually even better, as I forgot that Yum had split off its China division into a separate stock, Yum China, worth roughly $40 per share. That is $200 plus $3 a year in dividends.
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n
I miss Long John Silver's being part of YUM. I rarely even see an LJS anymore..

"In July 2013, the Center for Science in the Public Interest, a nutrition and health policy watchdog group, named Long John Silver's "Big Catch" meal the worst restaurant meal in America, noting that it contained 33 grams of trans fat, 19 grams of saturated fat, 1,320 calories, and almost 3,700 milligrams of sodium."

I respect a company with the unhealthiest meal.

Quote: SOOPOO

Quote: billryan

Apple became the first publicly traded company to reach a trillion-dollar market cap in August 2018. SpaceX is the 12th company to surpass that mark. Concentrating that much wealth in so few companies is not particularly healthy.
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MUSK up $100 BILLION today as I type this!

WoV portfolio up, but still lagging my others. Up around 252% .

Musk is prohibited from selling any of his shares for a full year. The other ‘insiders’ have various ranges of when the can sell. But none nearly as restrictive as Musk’s. It is believed Musk agreeing to the restriction is a big reason the price has soared since the IPO.
Apparently SPCX doesn’t get added to QQQ/SPY and the like immediately. Takes weeks for some, and a year for others.
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He also gets 1 billion shares of Class B shares if he puts 1,000,000 permanent resident humans on Mars.

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it looks like another big up day for stocks due to the Iran deal, oil prices falling and the Fed not raising interest rates
futures are well up
it kinna makes me wish I was a trader, but I'm not, and don't wanna change my stripes after all of these years

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Quote: lilredrooster

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it looks like another big up day for stocks due to the Iran deal, oil prices falling and the Fed not raising interest rates
futures are well up
it kinna makes me wish I was a trader, but I'm not, and don't wanna change my stripes after all of these years

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You must have missed yesterday? Stocks are up a fraction of what they were down yesterday! Got a bunch of big dividends yesterday. More $$ plowed into MMA.

Quote: SOOPOO

Quote: lilredrooster

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it looks like another big up day for stocks due to the Iran deal, oil prices falling and the Fed not raising interest rates
futures are well up
it kinna makes me wish I was a trader, but I'm not, and don't wanna change my stripes after all of these years

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You must have missed yesterday? Stocks are up a fraction of what they were down yesterday! ou must have missed yesterday? Got a bunch of big dividends yesterday. More $$ plowed into MMA.
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idk
my searching indicates the Nasdaq went up more today than it lost yesterday
lost 1.34% Wednesday dropping 354.69 points
up 1.4% today gaining 370 points
my searching found that the S&P 500 was down a tiny bit more on Wednesday than it was up today
the djia lost a little more on Wednesday then it gained today
when I posted "another big up day" I wasn't referring to Wednesday but to other big up days
so, today was an up day but not a "big up day"


I check the markets every day just out of curiosity
nothing could happen there that would cause me to sell off any of my positions or buy anything else either

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My portfolio is often down on days when the market is up, and vice versa. I think that's true for everyone who isn't 100% into tracking funds.

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Quote: lilredrooster

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it looks like another big up day for stocks

(referring to yesterday)
when I posted yesterday that the Nasdaq was up just 1.4% gaining 370 points that was info I got just after closing
it wasn't correct - I guess all the tabulations had not yet been made
the Nasdaq was actually up 496.28 points - 1.91%
so, if not a "big up day" it was pretty close to one
to me, the Nasdaq going up 2% or more qualifies as a big day

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Quote: lilredrooster

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Quote: lilredrooster

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it looks like another big up day for stocks

(referring to yesterday)
when I posted yesterday that the Nasdaq was up just 1.4% gaining 370 points that was info I got just after closing
it wasn't correct - I guess all the tabulations had not yet been made
the Nasdaq was actually up 496.28 points - 1.91%
so, if not a "big up day" it was pretty close to one
to me, the Nasdaq going up 2% or more qualifies as a big day

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That used to be true, but the manipulations of the current market are producing wild swings. You also must remember that the Nasdaq is just a portion of the overall market and represents certain segments of it. While NASDAQ now has a larger cap than NYSE, the Big Board is much more diverse and representative of the overall economy.
If you have to use one number, the S&P 500 is said to be a better measure than the Dow or the NASDAQ 100