Lightfruit55's Journal

Where are you and where are you going?
delay
Posts: 222
Joined: Fri Dec 16, 2022 9:21 am
Location: Netherlands, EU

Re: Lightfruit55's Journal

Post by delay »

lightfruit55 wrote:
Sat Apr 20, 2024 9:53 pm
Sorry to hear this. The debt part is shocking. How is it legal even? Is there any kind of recourse?
The invest with debt and high cost products where advertised in newspapers during the 90s. About 7 million were sold, one for every two citizens. Initially the courts said it was legal. There is no practical recourse for an average individual against an insurer. But when enough people got upset, in order to protect their future business, insurers agreed to compensate the most affected and most verbal people.

Thanks for the tips about hedging. I have always rented an appartment, which seems less stressful than owning a house. I miss out on rising house value, but don't spend time on repairs, improvements or expansions.

ertyu
Posts: 2934
Joined: Sun Nov 13, 2016 2:31 am

Re: Lightfruit55's Journal

Post by ertyu »

How's the cat?

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