Insurance for free
If you think insurance companies gouge policy holders each year and keep raising rates, then you are on the wrong side of the deal.
One way to get your insurance premiums paid for you is to own part of the company.
If you bought just $6,000 worth of stock in Progressive Insurance (symbol: PGR) [Only sells vehicle insurance, the very profitable part of the business - Homeowners is covered by partners, not by Progressive] at $77/share a year ago (7/8/20) and sold it today at its $99/share price, you would have gained 28.5%, or $1,714, PLUS it paid $382 in dividends over the last 12 months. Over $2 grand increase. And the next results look even better since few people drove cars during the pandemic.
Or take Allstate Insurance (symbol: ALL). That $6,000 investment gained by 46.2% plus $174 in dividends. That's almost $3 grand increase.
That's enough to pay for your premiums and still have money left over for oil changes, car washes and a mini-vacation.
With a business like this, don't be the buyer, be the seller!
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