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billryan
billryan 
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June 14th, 2026 at 7:48:58 AM permalink
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?
The older I get, the better I recall things that never happened
SOOPOO
SOOPOO
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June 14th, 2026 at 8:27:06 AM permalink
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.
lilredrooster
lilredrooster
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June 14th, 2026 at 8:47:01 AM permalink
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 %

.
the foolish sayings of a rich man often pass for words of wisdom by the fools around him
billryan
billryan 
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June 14th, 2026 at 8:51:36 AM permalink
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.
The older I get, the better I recall things that never happened
billryan
billryan 
  • Threads: 301
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Joined: Nov 2, 2009
June 14th, 2026 at 8:52:10 AM permalink
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.
The older I get, the better I recall things that never happened
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