People blow hundreds of dollars a year on extended warranties. You don’t need them, you have alternate ways to get what you bought repaired, and the retailer benefits more than you. If you have ever bought an extended warranty, it was probably at the behest of a cashier or sales associate, right? That’s because the retailer keeps 50% of whatever they charge for extended warranties.
Most consumers do not spontaneously request to pay for an extended warranty. Over 65% of consumers were approached in-store and pitched the option of buying an extended warranty. According to Consumer reports, the average price consumers paid for extended warranties was $78. Consumers paid $126 on the average for larger, major purchase appliances and electronics.
The product itself usually has its own 12-month warranty . If it doesn’t, or requires too much paperwork bureaucracy to attain, most credit cards have free product warranty features for purchases made on the card. Also, any costs of repair may not cost more than the extended warranty plan. The difference between cost of repair against an extended warranty may be $26 on the average.
Small-cap winners galoreThe big stock market winners share one common attribute: Near the beginning of the ascent of their shares, the companies offer revolutionary products or services, are market leaders in their respective industries, or both. Some big stock market winners that possessed the attributes outlined above are Netflix (NFLX), which we recommended to investors in October 2002; Intuitive Surgical (ISRG), which we bought and recommended in July 2004; Baidu.com (BIDU), which we bought and recommended in August 2006; and MercadoLibre (MELI), which we recommended to investors in October 2010. Get up-to-date small-cap stock picks from David Frazier, editor of Small-Cap Profit Confidential.
Smarter cryptocurrency investmentsThe stock market crash of 2008 was the catalyst for his journey into alternatives. And interestingly, it was the impetus behind the creation of Bitcoin and the blockchain technology behind it. Keene Little wasn’t ready to risk his money yet but he was very curious, so he began charting Bitcoin’s technical patterns. What finally convinced him to dip a toe into digital currencies was seeing that they followed familiar price patterns that could be analyzed and successfully acted on. Now he shares those insights with subscribers to the Crypto Wealth Protocol.