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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (28616)10/18/2007 7:16:58 PM
From: Madharry  Read Replies (1) of 78748
 
all your points are valid. Believe me I wish i had some formula to calculate how to best protect my existing portfolio. Im not an insurance company, but to me insurance means that if something goes down by an unexpected amount some of your damage get reimbursed. i wonder what percentage of insurance costs over all are ever recovered. I know that i have owned property for some 17 years now and i have yet to see a dime back from it, does that mean its not really insurance? oh and by the way i make an insurance payment every month although i admit the policy is for a year. there is nothing to prevent me from buying out of the money puts in november for december or deciding that circumstances have changed. So yes perhaps spending .15% of my portfolio on this is a waste of money but perhaps not. Certainly my puts on GM have not worked out at all.
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