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cheap insurance companies FAQ
A lot depends on ages and the type of motor trade business. Also if you have premises or not
A local broker would help you - there are some specilist motor trade companies e.g. MMA, Tradex (avoid if possible) but this is one area of insurance
A lot depends on ages and the type of motor trade business. Also if you have premises or not
A local broker would help you - there are some specilist motor trade companies e.g. MMA, Tradex (avoid if possible) but this is one area of insurance
A local broker would help you - there are some specilist motor trade companies e.g. MMA, Tradex (avoid if possible) but this is one area of insurance
Sorry but there is no cheaper insurance till you get to around 25, you can take an advanced drivers test for around £200 which will save you around 15 - 20%, but that's it.
There is no such thing as a "cheap" insurance company for anybody, especially not for young drivers. If you can get insured for less than £2,000 at the age of 18, you are getting a very, very good deal.
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I Initiated a Position in Munich Re at Almost the Same Price as Berkshire!
About the author:
I was born in Spain and lived in France, Chile, USA and Belgium. I used to work in IT and Banking. I am a family man, I have a lovely wife, 3 sons and one step daughter. I have humble tastes, I like to stay home and read about companies. I started investing before the internet bubble. I knew little and liked technical analysis so my results were bad. Fortunately I did not have much to lose. Some years later in 2006, bored of doing real state investments, I opened an interactive brokers account and restarted. This time, not wanting to make mistakes, I decided to follow a model: Warren Buffett, he was good making money via stocks. So I started reading about him, his shareholders letters, the books that he recommended, etc... I started applying his principles, reading 10K's digesting all sources of information. I started buying good and cheap companies to hold forever unless something changed fundamentally. When the housing crisis started I was 75% cash. By then I had identified good companies at very cheap prices so I invested 100% in stocks. It doubled fast. By the second semester of 2009 I turned my software company into an investment vehicle and dedicated myself full time to it. I changed lifestyle and moved from Belgium to the beach, Brazil, north east coast (www.kuchita.com). The goal was to keep fixed costs low in order to be able to live with a minimum 6-8% yearly return, to move away from the inhuman life of civilization and to have some peace and sunny weather. Now I can think and study about companies 60 hours/week. I can finally do what I want full time and can say that I have never been so happy, specially also with my about to be born 4th baby on the way, my other great kids and my sweet wife who supports me fully while I study most of the day and patiently wait for the opportunity to make a swing ! My portfolio is disclosed here: http://www.kuchita.com/view/sumo.php For more: Visit Juan Velasco's Website
Source: GuruFocus.com
