Anyone Purchase An Extended Service Contract?
ORIGINAL: ppgoal
Costner, I like the way you reason through things and lay out the financial alternatives. It mirrors my own thinking.
Here's my question: I've owned a pile of GE stock for 20 years and it did great until 2000, and then dropped and did not move. It is just starting to move now. Should I stay with it or move it into bonds which have less risk and should generate 4-5% ROI?
Costner, I like the way you reason through things and lay out the financial alternatives. It mirrors my own thinking.
Here's my question: I've owned a pile of GE stock for 20 years and it did great until 2000, and then dropped and did not move. It is just starting to move now. Should I stay with it or move it into bonds which have less risk and should generate 4-5% ROI?
If you really must get out of it, I surely wouldn't look towards bonds unless you are 65 or older. There area lot of good index funds out there that would return a much higher rate than bonds, or you could look into something like a Vanguard Energy Fund (VGENX). I've held that fund for probably around 8 or 10 years now and their five year average annual return has been over 30%. Needless to say I'm very happy.
Costner - thank you for input on the subject. You have backed up my decision not to buy a warranty. Your line of reasoning and financial logic makes good sense.
Ok. Here's what I think I'm going to do. Take it to a shop and have them give it a good once over. See if I can get the same type of once over for it that they use to make it a Certified Audi and if they were paying for the warranty. Not sure how much that will cost, but I think it is a good start. If nothing major comes up, I won't get the warranty. I'll just make sure I keep with the maintenance. As it is now, I think it will pass any inspection.....except for that little clunk in the front end when I go over speed bumps or certain humps in the road at speed. So we'll see.
im going with the aa waranty afer i do my timmingbeltservicesince they wont cover that unless it breaks
i got 90000 miles so im due for that,each time i drive that car i cross my fingers hoping it doesnt break on me
i got 90000 miles so im due for that,each time i drive that car i cross my fingers hoping it doesnt break on me
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