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Old 02-02-2011, 04:19 PM
motordavid's Avatar
RetiredBum & Semi-RenaissanceMan
 
Join Date: Mar 2005
Location: Mtns of Western NC, & SW FLA
Posts: 16,834
motordavid will become famous soon enoughmotordavid will become famous soon enough
I had the Warranty Direct on our '01 X, and the X ran well, as I only 'recovered' about $500 of the $2Gs I paid way back when, for the coverage. I passed on re-newing, though our X is nearing 80k miles and getting into potential KaBoom! Land.

I had a 2 yr GMAC extended warranty on our '02 Vette; it too ran problem free, and I never got a penny out of that ext warranty. Passed on renewal, also.

I used to beat the drum here for 'extended warranties' of some kind, as I felt that safety net was absolutely necessary on these beasts. It may be still, for some.
Pick you poison & Good Luck...

OT...
I get a kick out of these 7% and 10% 'returns'...
Yes, individual stocks, or even ETF baskets, or most Indices have done very well since the floor of the bust, a few years ago. However, 2 1/2 years of Recovery & HappyTimes don't make anyone a 'great investor'.

I have several very smart, (and richer than I am), friends, but they all struggle chasing that 'magical return', even with their giant ego'd hedge fund handholders, the ones that get '2&20'. Real 'returns' of more than a few percent, in aggregate across one's portfolio, are very difficult over several years, or a decade or more...the stats from any 'starting point' of the past 30+ years, to now, tell the tale.

I have made the same proposal to every Svengali/investment guru I've bumped into over the past 35 years, I always ask this simple question:

"If you can guarantee me 3% NET, Net, net per annum, over the next decade, I will give you my entire portfolio. But, you must be willing to return that entire amount to me, or my estate, with that annual 3% N,N,n, after that period."

No one has ever taken me up on my proposal...that triple net is obviously after all taxes, Fed, state, and fees. Sounds easy to me, but of course it is not.

Keep funding your 'port', and remember the principal never sleeps, if done properly.
GL, mD
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Last edited by motordavid; 02-02-2011 at 08:17 PM.
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