Mr. Joshi is a long-sighted person who believes in thinking for the present and the future. Thus, all the decisions- no matter big or small, taken by him, showcase this demeanor of his. This same ideology and attitude can be seen in the way in which he purchased his two-wheeler insurance.
He had enquired and compared amongst the various companies providing insurance policies and finally found the one which suited his taste the most. However, this wasn’t the end of his struggle for choosing the best policy, because now he had to choose between a long-term cover and a short-term policy.
After asking his peers and scrutinizing the several aspects of the policy, he chose the long-term insurance and wisely so. Now after two years, he is reaping the benefits of the long-term two wheeler insurance that he had sowed in the past.
The various reasons which prove the cost-effectiveness of opting for a long-term insurance policy are here as follows:
Saved on NCB (no-claim bonus):
NCB or no-claim bonus is the discount on the premium amount provided by the insurance companies. This discount is provided by them, to the drivers who ride safely and have not filed for a claim during the tenure of the policy. You can accumulate NCB for both short-term as well as long-term insurance policies; however, there is a huge difference in the way NCB works for both the policies and Mr. Joshi has witnessed it firsthand.
He and his friend Mr. Dinesh had both opted for insurance policies in the same year. The only difference between the types of insurance policies that they had chosen was- Mr. Joshi opted for a long-term cover whereas Mr. Dinesh chose a short-term one. However, both got into an accident during the tenure of their respective policies … Read More
Apple, the tech giant created in 1976 in California has now reached its peaks. The company just recently a groundbreaking milestone of $1 trillion market cap value, becoming the first public U.S. company to reach to that degree. In the year 2007, the founder of the company, Steve Jobs launched his magnum opus, the iPhone. It has been 12 years since then and the iconic iPhone has propelled Apple to the greatest heights. It changed the trajectory of Apple earnings history and had a significant impact on the company’s stock. It started at 12$ and rose, through financial crises, landed on to be at $127.
Investors knew of the rewards but there were risks too.
In 2014, the company promised share purchases and dividend increases as a part of a large capital return program. This proved to be a major reward for the shareholders. Analysts concur that AAPL owes their success to the iPhone. Apple, along with the iPhone has been getting into new ventures over the years. Apple Music and wearables like the famed Apple Watch was a resounding success. They might want to strive to get more products out such as video streaming services, gaming consoles and more wearables.
These launches will make progress in the company but it will not be as rapid as the growth and demand of the iPhones to date. Many conclude that past earnings reflect the future earnings and Apple’s earning history has been fantastic. Moreover, Apple’s trail-to-pricing is quite impressive and it gives an equally impressive valuation to the company.
While the rewards look really good, investors often overlook the most obvious risks while investing. It’s quite difficult to challenge the risks against the growing stock appreciation over the years and the rewards.
But the iPhone is again the target for the … Read More