Insurance: What the Fr*ck!

[TomDirt]

It's been stated that everyday, another 10,000 people retire. Their bi-weekly investments will stop, and most will start drawing from their savings instead.The combined wealth transfer happening in the near future is going to change investing forever. The generation behind them is smaller, investing much less, and ultimately will not take up the slack. The tech investment craziness is over, and zombie companies like WeWork are being exposed and it's game over for them.

Investing will not be the same in 2024.

 

[New recaros]

It's been stated that everyday, another 10,000 people retire. Their bi-weekly investments will stop, and most will start drawing from their savings instead.The combined wealth transfer happening in the near future is going to change investing forever. The generation behind them is smaller, investing much less, and ultimately will not take up the slack. The tech investment craziness is over, and zombie companies like WeWork are being exposed and it's game over for them.

Investing will not be the same in 2024.

This is why the support demonrats, free, in their mind, handouts. The working, rich should pay for their 32hr workweek and skiing, dope and non work related activities

 

[CruiserClass]

I got a quote from USAA to compare to Geico. For similar coverages they were slightly cheaper, home and auto would be about $250/yr cheaper. Given my experience with getting a claim paid under either of them and USAA wanting to use a self-installed spyware app on my phone for a 'possible discount', I am staying with Geico.

I also found out my son didn't bother to tell me he got a speeding ticket, which contributed to our rates going up. I'm not upset, I was a terrible example in this department (except for getting caught...) but if he'd told me I could have tried to work something out with the prosecutor to a non-moving violation since it was his first ticket. But he's young and just paid it not realizing the long term effect. I'll float him in this regard until he finishes his journeyman's card, then he's on his own.

 

[shigman]

^^At least he paid it with his own cash!!

 

[Bishene]

It’s crazy to think about how many people are retiring every day and pulling from their savings. With the younger generation not really stepping up to invest in the same way, I can totally see how the investment landscape is shifting. I've been watching the insurance market closely too—places like Lucky Penny Insurance are trying to find ways to adapt to these changes. But honestly, with so many people relying more on savings instead of ongoing investments, it feels like the market could get even shakier. And yeah, tech companies like WeWork being exposed really highlights how much things are changing.

 

[TomDirt]

With so many people retiring and starting to dip into their savings, it does feel like a huge shift is coming. The smaller generation behind them is definitely not going to be able to pick up the slack,

This next couple of years is going to be the biggest change in generational wealth in human history. Lots of inheritance money will be distributed, homes will be sold, savings will be cashed out, all at once. Unfortunately, because human behavior rarely changes, trillions of this newfound money will be wasted on unnecessary trinkets. Designer brands like Louis Vuitton had record sales from "free" covid money in 2023. They will do even better when everybody's grandma leaves them a house.

World’s richest man sees LVMH empire post record $86B in sales

LVMH has gained market share every year since 2019, its boss Bernard Arnault, the world’s richest man, said.

nypost.com

 

[Badgertits]

It's been stated that everyday, another 10,000 people retire. Their bi-weekly investments will stop, and most will start drawing from their savings instead.The combined wealth transfer happening in the near future is going to change investing forever. The generation behind them is smaller, investing much less, and ultimately will not take up the slack. The tech investment craziness is over, and zombie companies like WeWork are being exposed and it's game over for them.

Investing will not be the same in 2024.

So Tik tok isn’t a buy?

 

[TomDirt]

So Tik tok isn’t a buy?

Getting in on the ground floor of Nvidia, Bitcoin, Tesla, Google, Apple, & Intel would have been a buy . Unfortunately I invested in this instead.

 

[Oldfart]

I'm paying $613 a year with $50 deductible and towing and highest available coverage limits on everything. Do you think I'm getting screwed? I always get the full goatfkr discount.

 

[GordoJay]

I'm paying $613 a year with $50 deductible and towing and highest available limits on everything. Do you think I'm getting screwed? I always get the full goatfkr discount.

Pro tip. Share the flock with your agent for the best price.