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Showing posts from 2017

Just The Minimum Please

I see a lot of clients looking to get home insurance and when I ask them how much they want to insure for, they always say, "we only want the minimum, we don't have a lot of stuff". It's interesting when people say that because all they're focused on is how much it would cost them to buy the insurance. They never really think about how much it would really cost to replace what they own. Home insurance policies are normally set up to insure you for "replacement cost". This means that they'll get you back to where you were before the loss, never more, never less. So if your neighbor upstairs had a water leak and your 55" 4K Ultra HD TV that you bought for $2,500 3 years ago short circuits because of that, the insurance company will replace the TV with the same brand, size and model without depreciation. They're not going to say that it's 3 years old now, here's $500 to replace it. People don't realize this so they underest

Trump Tweets

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President Donald Trump has been shaking up the whole establishment, issuing travel bans, repealing the Affordable Care Act (ObamaCare), tweeting about industries like defense and auto manufacturers. When a President of a country calls out companies or industries, the stock market reacts to it. When Trump tweeted about the F-35 jet being overpriced, six of the 28 stocks in aerospace and defense industry dropped 2% or more. When he tweeted about car manufacturers building plants in Mexico saying they should build the plants in the US or pay big border tax, Toyota’s stock loses $1.2B in value 5 minutes after the tweet came out. When Trump issued the immigration travel ban on a weekend. Airline stocks in the US that has international destinations lost $4.9 billion in market value . When Trump signed an executive order to review or end the financial regulations set up during the Obama administration which was enacted after the 2008 financial crisis that was meant to protect cons