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.

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.