Insurance Shares

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Dennis N O'Brien

Insurance Shares

Post by Dennis N O'Brien » Wed Aug 29, 2012 8:49 pm

Note: the following poem is not intended as financial advice and should not
be used as such.
Please see a professional financial adviser (and not me) before investing your money

Insurance Shares

One night I had a vivid dream:
I'd bolster up my income stream
By sinking cash in market wares -
I’d buy some safe insurance shares.

When I awoke, without delay
I bought a parcel that same day
And settled back to watch them grow,
But fateful winds began to blow.

A cyclone ripped across the coast;
A swag of houses burned to toast;
A hailstorm dented lots of cars;
Insurance salesman – damned galahs,

Had bet on houses built on plains
That got submerged by flooding rains.
The chairman sent a letter out
To shareholders – “We’ve copped a clout,

Our profits have been knocked about,
And dividends are down to nowt”
(The chairman’s praying for a drought)
And on the market, what a rout -

The share price took a mighty biff;
It slid then fell right off a cliff,
Then a tsunami hit Japan;
Now we were really in the can -

An earthquake hit a southern city;
Those shares were looking kinda gritty;
They weren’t worth one fifth what I’d paid;
I got religion and I prayed,

But things continued getting worse;
I thought I’d quit before my purse
Was empty, so the shares I sold.
(I thought the company might fold)

So now when people say to me
“Insurance is the place to be
With super profits all the time!
They rake it in! it's such a crime!”

I smile and say: “Perhaps you’re right,
Now money’s getting rather tight,
Find an adviser – one who cares,
And recommends insurance shares.”

© Dennis N. O'Brien, 2012


Re: Insurance Shares

Post by Heather » Wed Aug 29, 2012 9:49 pm

You should have insured your shares Dennis. :)

Heather :)

Dennis N O'Brien

Re: Insurance Shares

Post by Dennis N O'Brien » Thu Aug 30, 2012 6:19 am

Actually you can in a way Heather with things called "put options".
Expensive though - not financial advice by the way. ;)


Re: Insurance Shares

Post by Rimeriter » Thu Aug 30, 2012 3:18 pm

I've been quietly taking my 'options' and 'putting' them in flexible short term investments.

Slow but safe increases.

But, it is still steady as she goes.

We - Aus., is still to experience our downturn ??

Dennis N O'Brien

Re: Insurance Shares

Post by Dennis N O'Brien » Thu Aug 30, 2012 6:28 pm

Jim, I think the next "turn" will be up -
Provided we get rid of some dead wood. ;)

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