Re: Paulson
tokyogai
4/11/2012 12:47:25 PM
I agree. it looks like he is looking for an excuse for his poor performance. maybe he means he can not understand their structure.
So Paulson started buying Hartford shares in the third quarter of 2009 as investment declines and annuity slumps were pushing the company to its fifth consecutive net loss. Then in 2011 Paulson's Advantage Plus Fund loses 51 percent , and the firm blames financial services companies like Hartford.
Seems to me like Paulson made dumb bet on a quick recovery by Hartford, and when that failed, he paniked and tried to make it Hartford's problem.
Moving on
driven
4/10/2012 9:43:32 PM
I just read USAA Investment Management hired Keith Sloane, former head of the Hartford mutual funds, as head of third-party distribution. It is a newly created role to help USAA expand its presence with advisers and third-party platforms, the company said in a release.
Re: Paying too much for Hartford Insurance?
Drivewaygirl
4/10/2012 7:16:39 PM
I'm sold. It's worth doing some comparison shopping. I don't know why I just renew without thinking much about it.
Re: Paying too much for Hartford Insurance?
Noreen Seebacher
4/10/2012 6:45:40 PM
Also, Geico offers discounts for a host of alumi and other organizations, including Mensa -- which I bet anyone on this site is smart enough to qualify to become a member.
Re: Paying too much for Hartford Insurance?
Noreen Seebacher
4/10/2012 6:43:46 PM
Value Hiker, You'll have to check the situation in your state. But in NYS, Geico . has partnered with Homesite Insurance Group to provide homeowners insurance products. You can buy it through the Geico site, and get a discount on your auto policy as a bonus.
I don't have it on my house, only because, as I mentioned earlier, my house was built in 1875 and I wanted specialty coverage that will enable me to rebuild to historic specs in the event of a loss (ie plaster walls, carved mantels, inlaid wood flooring, etc -- my house is worth more dead than alive) Anyway, I did buy renter's insurance on the apartment my daughter rented while she was in college, and that $120 a year policy was enough to qualified me for a discount on my auto discount.
Re: Paying too much for Hartford Insurance?
Value Hiker
4/10/2012 5:48:25 PM
@Noreen, great tips about car insurance. As a shareholder of Berkshire, I shall consider switching my car insurance to Geico. The only problem is that Geico doesn't offer home insurance. I hate to manage separate accounts - Now you see while Hartford pushed so hard on cross-selling, it not only generates more revenue, but also locks the customers down.
Re: Paying too much for Hartford Insurance?
Noreen Seebacher
4/10/2012 4:03:08 PM
Well, I say drive a black sedan. That has reduced my teen ticket issue.
Urban legends website snopes.com claims there is no evidence to support the theory that some cars get more tickets than others and police and insurance companies deny any link between car color and tickets. But I can tell you from experience that a red MINI and a red Mercedes coupe both get more attention and more tickets than a black Ford Focus.
Re: Paying too much for Hartford Insurance?
PredictableChaos
4/10/2012 3:02:46 PM
@Noreen,
Good question. I guess we have some special skills.
You know, there was a time when Montana didn't even have any speed limits on their highways. But you could still get a ticket - it was based on the subjective judgement of the police officer. 'Reckless' or 'too fast for conditions'.
It was a bit of a magnet for speed freaks.
Re: Paying too much for Hartford Insurance?
cat tail
4/10/2012 12:15:28 PM
Wow. Excellent tips on car insurance. I think I just keep renewing because it seems the easiest thing to do.
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