Smart Investor: why I buy into steady Royal Sun Alliance Citywire.co.uk
23.08.11
The insurance sector is often overlooked as lacking excitement or growth potential, but RSA is one stock to buy and never sell, whatever age you might be.
As an investor, there will inevitably be certain industries you favour more than others. For instance, I prefer sectors such as healthcare and insurance over and above technology, simply because they have far greater economic moats . This is not because I am a technophobe; I have Facebook and Twitter accounts, a Blackberry and think the internet is fantastic.
The problem with investing in technology, in my view, is that it is in a constant state of flux and change. Today’s new technology is tomorrow’s outdated technology .
In contrast, insurance has a quite substantial economic moat . It is incredibly difficult to enter the industry, partly because of the vast sums of capital required but also due to extremely strict regulations. Also, insurance is required by law in certain activities, for example car insurance, and commonplace in many others, such as business insurance. Thus, there is likely to always be a high level of demand and a restricted supply in the insurance market.
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Hey everyone this is my first post, and hopefully first step b.../b
Tonight together a spreadsheet that I am my total expenses are about 1500 p / m and is forced to cut back more, so its no wonder Im far above the cards.
I I put tell phoned the CCCS and arranged an interview for a few weeks, but my main question I ask is this:
Ive heard conflicting opinions from different sources – namely the CCCS few months ago and then one or two debt management companies that told me to prevent the CCCS as plague.
Really confusing as everyone in this game is looking after their own interests – as I would expect – where do you turn?
Ive watched an IVA, but now I begin to think that bankruptcy may be the only way out.
I checked my bank account tonight and I have less than 2 quid left or should I say I 1998 O / D and I one weeks and half going to pay day.
I can not go this way, but do not want to take the weak way (Bankruptcy), although a sore Sod temptation to say, I have a bad boy, start over and switch to a new leaf.
Sorry for hiking. I would be grateful for any advice, after reading a few threads here I know I trust you much more than these “useful organisations.
Cheers A:guy,
What do you do for a living? Is there any chance of overtime? If not, could you perhaps get an evening/weekend job, particularly in the run up to Christmas? My OH brings home around £1,000 a month as a (lazy) postman
What about getting your g/f to post on here too? You might see some ways to cut back between you…?
And the hairdressers, you might get round by going to… um, trainee nights or something? (I only have my hair cut once a year so I can't advise, sorry )
Keep looking on here, you'll find loads of support :j A:guy,
I don't normally add my comments to these kind of posts, cos everyone else on here is so much more astute than me! But your line,
don't want to take the spineless way out (Bankrupcy) although there is a sore temptation to say Sod it, I've been a bad lad, start agian and turn over a new leaf.
