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Underhill:

uno de los activos más infravalorados de muchas gestoras son esos partícipes que defienden de forma incondicional a sus gestores.

Creo que eso es en general algo que todos los fondos de autor necesitan para existir.

estructurero:

No creo que haya muchos gestores que no sean sensibles a los precios. Lo que habría que ver es cómo de sensibles son a los riesgos, más bien.

Yo creo que hay de todo. Los hay puristas del Buy&Hold y da igual el precio (lo que priman son los costes de no operar), los hay que las quieren súper baratas (Deep Value…), en fin. Hay de todo, en efecto. Y de una u otra forma, sensibles al precio pero de diferente manera.

estructurero:

Si se quiere jugar un pequeño porcentaje de la cartera a Bitcoin vía microstrategy es lo que habría que valorar más bien

Así es. Si usted piensa que no debe, no invierta con él. Si por el contrario, piensa (Como Ray Dalio) que Bitcoin una nueva clase de activo y que hay que estar Long, pues adelante.

estructurero:

los beneficios de Tesla a 10 años no son tan evidentes como mucha gente quiere hacer ver. La propia gestora Seilern lo puso en la palestra

Por supuesto, aquí Emérito tiene su tesis de futuro sobre Tesla, basando gran parte de su potencial en la Inteligencia artificial y otras ventajas competitivas. Si te convence bien, y si no, pues no. Es fácil.

Getty

• Snap, the company behind Snapchat, has been on a growth tear in 2021.
• Insider analyzed public data to get a sense of how much Snap pays its employees in the US.
• Snap has offered some US staffers annual salaries between $59,000 and $500,000.
• See more stories on Insider's business page.

Snap, the company behind Snapchat, is hiring for hundreds of jobs in the US as the tech company expands into areas like augmented reality, short-form video, and original shows.

The growth spurt comes as Snap reported during the first quarter its highest year-over-year revenue and daily active user growth rates in three years.

Insider analyzed how much Snap pays for certain roles in the US.

We combed through public data to get a picture of Snap's salary levels. The data, released by the US Department of Labor's Office of Foreign Labor Certification, shows how much Snap offered to pay employees who it wanted to hire in the US through work visas.

Snap offered certain US staffers between October 2020 and March 2021 annual salaries ranging $59,000 to $500,000 for various roles, according to the data.

Snap said it's committed to paying all employees a livable wage that "contributes to healthy work-life integration and to the local economy in which we work." It offers a minimum of $15,000 in equity grants to new hires, and said its baseline annual pay rate for employees at its headquarters in Santa Monica is $70,000.

Our full analysis breaks down salaries for jobs including product, research, engineering, and marketing roles.

Read more about how much Snap employees make, including recent salary offers for specific roles at the Snapchat makerRead the original article on Business Insider

kr1pt0man:

La confianza es imprescindible, y como dice Antonio Rico, “la tranquilidad es parte del éxito inversor”.

Si no le da seguridad que haga esas bromas, no debe invertir en su fondo. Totalmente de acuerdo.

Por supuesto, tiene usted razón con el tema de la confianza. Yo particularmente aunque he seguido el fondo, nunca he sido partícipe de Numantia, aunque hay que reconocer que el márquetin personal de su gestor cumple con el objetivo de llamar la atención de inversores minoristas a la perfección.

Just thought I would post a link to this short video of my Farm Boy I have been building it over the last year of and on and ran it for the first time the other day. I should say I have little experience of internal combustion, all my projects so far have been external combustion.

I would welcome comments and suggestions from all you knowledgable people. It is suggested in the building notes that acetone is a good fuel for this engine. This is what I...

Farm Boy running

These businesses have the potential for growth
Related Stocks: SMG, HEAR, OESX,

Lawsuit hinges on whether billionaire is in control of the electric vehicle company he personifies

Lawsuit hinges on whether billionaire is in control of the electric vehicle company he personifies

Lawsuit hinges on whether billionaire is in control of the electric vehicle company he personifies

Systemic guidance will help public and private sector investors to distinguish good from bad

Systemic guidance will help public and private sector investors to distinguish good from bad

kr1pt0man:

si no le convencen estas bromas para invertir su dinero es algo comprensible y respetable

No es que no me convenzan las bromas, lo que no me convencen son las incoherencias, y en sus inversiones (y rotaciones) hay múltiples. Puede ver su tesis de inversión en IMB en la que se demuestra que no sabía nada del sector en el que invertía, seguida de su compra (y venta casi automática) de PM que aún resulta más incomprensible.

Lo que ocurre es que uno de los activos más infravalorados de muchas gestoras son esos partícipes que defienden de forma incondicional a sus gestores.

Underhill:

¿Cómo se defiende que estaba sobrevalorada cuando vendió y que ahora se holdee hasta que Bitcoin valga 100.000?

Si eso lo dice por la coña que puso en Twitter de “holdear” hasta el millón creo que esta más que claro que es una broma. Dicho lo cual, si no le convencen estas bromas para invertir su dinero es algo comprensible y respetable.

I bought this PM 66 that had been sitting for about 8 years in a garage. When I got it home I found a silver capacitor 97f9632 25 uf + 8 - 6%. It would not start the saw, it just hummed. I'm looking for capacitor size and whether it takes a start and run capacitor. There are three wires coming from the motor with one going through the centrifugal switch. The saw dates to 1987 (sn 876672038) and it took a bit to free it all up. I replaced the 3 belts as well. While changing the belts I found the motor pulley about 1/2-3/4" off the arbor pulley and had to adjust it lo align the bels. I guess someone had been tinkering with it. I was hoping someone has been down this rabbit hole and may have the info handy. Thanks, Bill (.-.)

kr1pt0man:

pero a mi me gusta que Emérito siempre dice que es sensible a los precios,

No creo que haya muchos gestores que no sean sensibles a los precios. Lo que habría que ver es cómo de sensibles son a los riesgos, más bien.

Si se quiere jugar un pequeño porcentaje de la cartera a Bitcoin vía microstrategy es lo que habría que valorar más bien.

Mi opinión es la de siempre, muchas empresas de hipergrowth unida a un equipo más bien modesto es donde aparecería el farolillo rojo.

Y no nos engañemos, los beneficios de Tesla a 10 años no son tan evidentes como mucha gente quiere hacer ver. La propia gestora Seilern lo puso en la palestra hace no mucho.

En MSTR hay una parte de la valoración que es el BTC y la otra parte es el negocio IT.

Si la valoración está bien hecha, y sabiendo las variables de precio de BTC y porcentaje en la capitalización de la empresa, puede se “posible” arbitrar ineficiencias en el precio de MSTR

The Cube Two.

Nestron

• Singapore-based Nestron is now shipping its prefab tiny home Cube One and Two models to the UK.
• The company expects to sell over 100 units in the UK by the end of 2021 following massive online interest.
• Take a look inside the two AI-powered models with smart furniture.
• See more stories on Insider's business page.

Interest in prefab tiny homes skyrocketed during COVID-19. The Cube One.

Nestron

Now, one Singapore-based company is looking to capitalize on this trend by introducing its artificial intelligence-powered tiny homes to the UK. The Cube Two.

Nestron

Meet Nestron, the brains behind several wildly popular tiny homes that have since become a "worldwide phenomenon," Choco Toh of Nestron's marketing team told Insider in December. Paneling the Cube One.

Nestron

Source: Insider

Its tiny homes were such a hit, Nestron's website crashed for a while, likely due to an influx in webpage visits and "extremely overwhelming" popularity, Toh said. The interior of the Cube Two.

Nestron

Source: Insider

To expand its reach, Nestron is now in the process of preparing its debut in Northampton, UK, a little over 65 miles from London. Cube One's structure.

Nestron

Toh says Nestron will close about 10 deals before the homes actually debut in Europe … The interior of the Cube One.

Nestron

… but estimates that by the end of the year, it'll sell over 100 units in the UK. The Cube Two.

Nestron

"We believe with the increase in marketing activities upon our debut, there are nearly 100,000 potential users in the UK, which will bring explosive and continuous growth to our local distributors," Toh told Insider in an email statement. The interior of the Cube Two.

Nestron

Like other companies that ship products internationally, Nestron has struggled to move its tiny homes in the face of jammed ports and shipping delays. The models being shipped.

Nestron

But before we dive into how the company is overcoming these issues, let's take a look at the two futuristic tiny homes that will debut in the UK: the $34,000 to $52,000 Cube One and the $59,000 to $77,000 Cube Two. The Cube Two.

Nestron

These prices vary widely due to a list of possible extra add-ons, such as solar panels, heated floors, and additional smart appliances. The interior of the Cube Two.

Nestron

The Cube One is more popular with solo occupants, while the larger Cube Two has been a hit with families, couples, and as a backyard unit. The interior of the Cube Two.

Nestron

Nestron debuted both units well before its UK plans but has since made sizing changes ahead of its overseas delivery: the Cube One's size was boosted about 16.2 square-feet, while the Cube Two was expanded by about 25 square-feet. The models being shipped.

Nestron

Let's take a closer look at the Cube One, which stands at about 156 square feet. The interior of the Cube One.

Nestron

This square footage holds the living room, bedroom, bathroom, and kitchen space (which comes with cabinets, a sink, and a stovetop, according to renderings of the unit). The interior of the Cube One.

Nestron

Like any typical home, the living room has a dining table and sofa, while the bedroom has a side table, closet, and of course, a bed. The interior of the Cube One.

Nestron

Moving towards the bathroom, the tiny Cube One comes with a shower, towel rack, and sink, all in one enclosed space. The interior of the Cube One.

Nestron

The little living unit also has built-in necessary amenities like lights, storage units, electric blinds, and a speaker. The interior of the Cube One.

Nestron

There's even room for a modern-day must-have: air conditioning units. The interior of the Cube One.

Nestron

Now, let's take a look at the larger Cube Two, which can accommodate three to four people with its two beds, both of which sit on opposite ends of the tiny home. The interior of the Cube Two.

Nestron

Like its smaller sibling, the almost 280-square-foot Cube Two has a living room, two beds, a kitchen, and a bathroom, all with the same furnishings as the Cube One. The interior of the Cube Two.

Nestron

However, the dining table in the Cube Two is noticeably larger, and there's a skylight for added natural light and stargazing. The interior of the Cube Two.

Nestron

Both models come insulated and have smart home capabilities using Nestron's "Canny," an artificial intelligence system. The interior of the Cube Two.

Nestron

Canny can complete tasks like brewing your morning coffee or automatically adjusting your seat heights. The interior of the Cube Two.

Nestron

Everything is "smart" these days, which means the Cube One and Two can also come with motion-sensing lights and smart mirrors and toilets. The interior of the Cube Two.

Nestron

You might be wondering how Nestron plans to move its Cube One and Two tiny homes overseas in one piece. Well, let's move on to everyone's favorite topic: logistics, and how the company managed to ship its tiny homes despite global delays. Cube Two's structure.

Nestron

According to Toh, Nestron has had a "solid foundation built in the industry ... allowing it to have a good relationship with experienced and professional forwarding partners." A worker applying the insulation layer.

Nestron

Despite this foundation, like other companies, Nestron has experienced delays related to the global supply chain jam, specifically congested ports in the UK. The wiring and plumbing systems.

Nestron

As a result, the company's forwarding charges were tripled what it initially expected, according to Toh. Paneling the Cube Two.

Nestron

But instead of charging its clients extra money for immediate shipping, Nestron decided it would pause shipping until costs were lowered. Paneling the Cube One.

Nestron

To bypass these congestion issues, Nestron also decided to reroute its original plan to ship straight to the UK. The wiring and plumbing systems.

Nestron

"In the end, [we] decided to travel over to Antwerp, Belgium, and then land in the UK," Toh said. "This way, by the time we reach the UK port, the congestion would've been clear." One of the tiny homes under construction.

Nestron

Despite this detour, shipping costs were still higher than expected, in part because the company and its distributors still wanted to make the debut timeline. The water and sewage connection points.

Nestron

"Since the demands are growing and people want to experience touch and feel with Nestron, we took the chance and sent the units off earlier this month, expecting them to arrive late July [or] early August," Toh said. The interior of the Cube Two.

Nestron

To aid in the transportation process, the tiny homes have built-in retractable hooks to help make it compatible with cranes. The models being shipped.

Nestron

The homes' structures are also stable enough to withstand the stress of moving, according to Toh. Cube Two's structure.

Nestron

And all the little living units are also packaged in waterproof fabric to both avoid rusting and to allow for easy inspection. A completed Cube One in the factory.

Nestron

Being in the UK will allow potential consumers to "engage with Nestron units directly," Toh said. "The experience will definitely influence the market interest and purchase power." The tiny homes on a road test.

Nestron

Read the original article on Business Insider

President Joe Biden and former President Barack Obama at the Invictus Games Toronto 2017.

Samir Hussein/Getty Images

• The US post-pandemic rebound could be much faster than the 2009 recession.
• One expert said the economy may even end up stronger, which "is crazy to think about."
• Still, experts caution that even a blitz of emergency spending could leave people behind.
• See more stories on Insider's business page.

Last week, President Joe Biden alluded to Ronald Reagan's famous "Morning in America" remark, saying "the sun is coming out." And the economic data supports that. It's a lot like morning in America, 2020s style.

After enduring a year of shutdowns, the country may now be on course for one of its fastest growth periods since the 1980s. The economy regained 850,000 jobs in June, a sharp increase after disappointing gains in May and April. Unemployment claims are falling steadily as well. Should job growth maintain the June trend, payrolls would fully rebound by February, exactly 24 months after the pre-pandemic peak. By comparison, it took 76 months for the US to recoup all jobs lost during the Great Recession.

The recovery from the Great Recession was, by several measures, the most sluggish in US history. The policy response to the coronavirus, including $6 trillion of emergency spending, has not only been more effective, but appears to be crafted with the mistakes of 2009 in mind.

"I'm incredibly encouraged when it's compared to the Great Recession," Mike Konczal, director of macroeconomic analysis at the left-leaning Roosevelt Institute, told Insider. "Responding at the speed and level of crisis as we did with fiscal and monetary support ... means that our economy may not only recover so fast, but it may be stronger than it would have been without it, which is crazy to think about."

The chart below shows the rate of job losses and gains after the Great Recession compared to the coronavirus recession.

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Withdrawing federal support in 2012 caused "a lot of scarring" in the labor market, and lawmakers learned from it, Claudia Sahm, a former Fed economist and senior fellow at the Jain Family Institute, said.

"I think of March of 2021 being this pivotal moment like the end of 2012 was," Sahm said. "This time, Congress did the right thing, in terms of pushing more money out."

A new playbook for economic revival

The sheer size of the pandemic-era relief bills dwarfs those seen during the Great Recession. The Obama administration was wary of passing a $1 trillion package in 2009, as officials feared the price tag would erode support from Republicans and even moderate Democrats.

The scope is also drastically different. Instead of allocating funds to tax credits and federal spending programs, recent stimulus sent money directly to households through checks and enhanced unemployment insurance. The use of direct cash relief was the most encouraging aspect of pandemic-era support, Sahm said.

"This time we didn't monkey around with [tax credits]," she told Insider, adding stimulus checks helped Americans pay down debt, build financial buffers, and maintain spending.

To be sure, the two recessions boast some critical differences. The COVID-19 recovery hinged on thwarting the virus's spread. The financial crisis was far more systemic in nature, and it took more than a year for the recovery to even begin.

"Everything about this crisis has been much faster than during the Great Recession," Sahm said. "The bottom fell out, then we hit the bottom, and then we started moving up."

Other experts argued that last year's response deserves a larger share of the credit. "I think fiscal policy in 2020 was really important and what we've seen so far this year has been unneeded and created some real risks in the economy," Douglas Holtz-Eakin, former head of the Congressional Budget Office and GOP aide to George W. Bush, said in an interview.

Most signals point to a healthy recovery

Holtz-Eakin is among the conservative economists arguing that Biden's stimulus has caused a stronger rise in inflation than expected. Indeed, popular gauges of price growth rose at the fastest pace since 2008 in May as rebounding demand ran up against dire supply shortages.

For now, the Federal Reserve and the Congressional Budget Office both expect inflation to weaken as shortages are addressed. And early signs point to price growth cooling into the summer.

Other signals are similarly encouraging. Wages are rising for workers in the leisure and hospitality sector, and Americans surveyed in a recent Gallup poll say they're the happiest they've ever been as vaccinations become more widespread and restrictions ease up.

Though most signs are good, experts are still urging caution given the huge hit absorbed by low-income workers, many of whom are Black and Hispanic.

"We should also remember that the road to recovery is long, even at this optimistic, faster timeline, it's still gonna be until the end of next year to get to pre-pandemic levels and there's gonna be a lot of people who are worse off," Konczal said.

Read the original article on Business Insider

Hello!

Welcome to this weekly roundup of stories from Insider's Business co-Editor in Chief Matt Turner. Subscribe here to get this newsletter in your inbox every Sunday.

What we're going over today:

• We found Jeffrey Epstein's little black book from 1997, and discovered new connections to the convicted sex offender.
• Joe Rogan is sparking outrage inside Spotify with his controversial show.
• A secret club helps prepare young CEOs to take over the world.
• America is in the middle of The Great Reshuffle.

Christopher Helali; Hollis Johnson/Insider; Samantha Lee/Insider

What's trending this morning:

• Amazon Care is approaching big health insurers to get coverage. But it's struggling to get some of them on board.
• VC firm DCM beats its top competitors by generating 30x fund returns. Its secret: Not drinking the Silicon Valley "Kool-Aid."
• Wall Street is buying and building entire neighborhoods. And getting rich in the process.
• Where is Trump's White House staff now? We created a searchable database of more than 327 top staffers to show where they all landed.
• New York's top brokers swear by their 7 a.m. to midnight schedules. Oren and Tal Alexander have sold nearly $1 billion worth of real estate this year -and share their routines with us.

Inside Jeffrey Epstein's little black book

Insider has obtained a never-before-seen address book that appears to have belonged to Jeffrey Epstein in the '90s, connecting him to a new network of prominent financiers and political figures:

The Epstein book came to light through a circuitous and unusual path: A self-described "enigmatic rock chick" living in Manhattan's East Village found it on the sidewalk in the late 1990s.

Denise Ondayko, a former musician who now lives in the Bay Area, said she was walking down Fifth Avenue when she spotted a black address book on the ground. Flipping through, she found addresses and phone numbers for members of the Trump and Kennedy clans, and iconic chroniclers of wealth such as Robin Leach. She decided to hold onto it, slipped it into a box, and forgot about it.

In May 2020, Ondayko and a relative were cleaning out an old storage unit she had rented in Michigan when the long-buried book emerged from a box of odds and ends. Thumbing through it - and seeing the dozens of entries for Epstein's myriad properties - the relative immediately recognized who the owner was.

Here's what we discovered in Epstein's book:

• We found Jeffrey Epstein's other little black book from 1997. Search all 349 names in our exclusive database.

Also read:

• There are 1,510 people in Jeffrey Epstein's little black book. Now you can search them all for the first time.

Spotify employees are frustrated with Joe Rogan and his show

Vivian Zink/Syfy/NBCU Photo Bank/NBCUniversal via Getty Images

Spotify has benefited from Joe Rogan's unfiltered style - but not everyone at the company is a fan. Some employees are frustrated with his controversial show, and say he's making the company so much money it refuses to rein him in:

Rogan, who has a $100 million licensing deal with Spotify, is one of the most powerful figures in media, and one of the most controversial. On his show, he's aired COVID-19 misinformation, laughed as a guest described sexual harassment, and hosted a prolific conspiracy theorist three times.

Spotify, which owns the exclusive rights to stream "The Joe Rogan Experience," has stood by him, despite removing a few dozen episodes from his archive. But some of the company's employees have been irritated by Spotify's largely hands-off approach and have pushed leadership to rein Rogan in. Spotify hasn't budged.

See what employees are saying:

• Joe Rogan is sparking outrage inside Spotify with his controversial show. But some say he's making the company so much money it refuses to rein him in.

Also read:

• Megyn Kelly on switching from NBC to SiriusXM and why she'd rather interview Donald Trump Jr. over Donald Trump
• People are fleeing the ad industry and it's leaving agencies struggling to fill hundreds of open roles

America is experiencing "The Great Reshuffle"

Malte Mueller/Getty Images

Millions of Americans are voluntarily leaving their jobs for better ones at a speed we haven't seen since the turn of the millennium:

In the 25 years that Dawn Fay has been in the recruiting business, she's seen a hot job market several times. But nothing, she says, comes close to the frenzy she's seeing right now, as the economy begins to boom in the wake of the pandemic. "There is so much movement in the market," Fay, a senior district president at the staffing firm Robert Half, said. "The churn is amazing to see."

"Churn" may be something of an understatement: It's downright chaos at HR departments across the US. So many Americans have quit their jobs this spring that the resignation rate has skyrocketed to a two-decade high. And people aren't just looking to switch employers - some are jumping into new professions altogether, while others are climbing the ladder at their current workplace.

The result is an economy-wide game of musical chairs - a wholesale transformation of the job market that has left employers scrambling to retain employees and attract new ones. Call it The Great Reshuffle.

Here's what that means for the American economy:

• The Great Reshuffle

Also read:

• HR professionals are being recruited relentlessly and have their pick of top jobs
• Americans don't take nearly enough vacation days - and experts say it's because companies think about PTO all wrong

This secret club helps prepare young CEOs to take over the world

YPO; Samantha Lee/Insider

Young Presidents Organization, or YPO, is an ultra-exclusive social group that offers business leaders a chance to speak openly about what it's really like running a company:

Founded in 1950, YPO has a reputation as a fraternity for ultra-rich white men who inherited their family's business, and, for a time, it was.

But over the years, it has recruited more entrepreneurs, who tell Insider that the exclusive club is worth the price of admission: a $7,950 upfront fee and chapter dues ranging from $2,000 to $7,000 annually. Plus, the club's secrecy doesn't hurt.

Confidentiality is required by a code of conduct, and members say that clandestine atmosphere is part of the appeal. Executives can unload about work or their personal lives, trusting that nothing will slip out. In fact, the group's code of conduct has an often-repeated line - "Nothing, Nobody, Never" - that serves as an unofficial slogan.

Take a look at the organization that boasts 30,000 members worldwide:

• Inside the secret club that helps prepare young CEOs to take over the world

Also read:

• How to become a top diversity executive and lead change in corporate America
• Carol Tomé was hired to whip UPS into shape, but some insiders worry she's killing what made the company great in the first place

Finally, here are some headlines you might have missed last week.

- Matt

• I rage-quit my job of 6 years when a new employee was promoted over me. I don't regret leaving in such an emotional way, but there are a few things I should've done differently.
• 20 sought-after female political strategists to watch as more women in the US enter politics
• Andy Jassy's first email to employees as Amazon CEO is a master class in memo-writing
• How to mine doge: An 18-year-old TikTok influencer shares his process for earning crypto
• Junior bankers lament 'Goldman discount' as other firms raise pay and analysts who complained about 100-hour work-weeks get nothing
• A crypto evangelist shares 5 altcoins that could explode in value, including one with 100-times potential

Read the original article on Business Insider

Flying home from Bogota, Colombia on American Airlines.

Thomas Pallini/Insider

• The Chase Sapphire Reserve credit card comes with built-in trip insurance for when things go wrong.
• Trip delays, trip cancellations, and baggage delays are covered under certain circumstances.
• I was delayed by 12 hours after two American Airlines flight cancellations and could spend up to $500 on expenses.
• See more stories on Insider's business page.

Flight delays and cancellations can be costly. Hours and even days can be wasted that could lead to unplanned expenses through no fault of a traveler's.

KENZO TRIBOUILLARD/AFP/Getty

I was left high and dry by American Airlines in June when flying home from Bogota, Colombia in June. Two back-to-back flight cancellations extended my trip and left me with no clear way to get home. Flying home from Bogota, Colombia on American Airlines.

Thomas Pallini/Insider

Read More: I was stranded in Bogotá airport for 10 hours and it taught me the true value of credit card perks and not taking no for an answer

At first, I was faced with an eight-hour delay that quickly turned into an overnight stay. American was going to pay for a hotel but I'd be largely on my own for meals, plus any other expenses I might incur thanks to the extended trip. Flying home from Bogota, Colombia on American Airlines.

Thomas Pallini/Insider

In total, I incurred $127.39 extra expenses incurred from the delay but because of the credit card I used to book the trip, I was reimbursed for all of it. Here's how my credit card ended up saving my bank account. Flying home from Bogota, Colombia on American Airlines.

Thomas Pallini/Insider

The Chase Sapphire Reserve is a premium travel credit card that costs $550 per year but comes with perks like a free $300 in travel credits, complimentary Lyft Pink membership for a year, and built-in travel insurance.

David Slotnick/Business Insider

Read More: Chase Sapphire Reserve card review: One of the best premium travel cards, with unbeatable bonus rewards

While many credit cards offer some form of travel insurance, not all are equal and some only kick in if the cardholder dies in a plane crash. But the Sapphire Reserve offers three types: trip cancellation/interruption insurance, baggage delay insurance, and travel delay reimbursement.

Joe Raedle/Getty Images

As its name suggests, trip cancellation/interruption insurance covers expenses when a trip is "cut short or canceled" due to instances like sickness, severe weather, injury, loss of life, terrorist action, hijacking, and unpostponable jury duty or court subpoena. Chase will cover up to $10,000 per trip, if eligible.

REUTERS/Mike Segar

Baggage delay insurance covers "essential purchases" in the event luggage is lost by an airline, bus company, cruise ship operator, or train company for more than six hours.

fizkes/Shutterstock.com

And finally, trip delay insurance covers travelers if a trip is delayed for more than six hours or requires an overnight stay. This is the insurance for which I qualified when American canceled my flight and rescheduled me for a later flight to New York. Using credit card trip insurance.

Thomas Pallini/Insider

This insurance is pretty comprehensive and will cover meals, lodging, transportation, and additional unreimbursed expenses up to $500. Coverage only applies if the flight was booked using the Sapphire Reserve and I make sure I book every trip using the card for that reason. Flying home from Bogota, Colombia on American Airlines.

Thomas Pallini/Insider

The perk will also apply to mileage award tickets, even if only the taxes are paid using the card. If travelers are booking flights with a travel credit, they can also get the coverage by paying as little as $.01 using the card. Booking an award ticket using a Chase Sapphire Reserve credit card.

Thomas Pallini/Insider

I called up Chase while stranded in Colombia to confirm I could use the credit and they gave me the green light. I didn't need to call Chase but this was my first time using the perk so I wanted to be sure I was using it correctly. Calling Chase customer service.

Thomas Pallini/Insider

I was ecstatic to have $500 at my disposal because that goes really far in Colombia. But I wasn't trying to extend my vacation, I wanted out. Flying home from Bogota, Colombia on American Airlines.

Thomas Pallini/Insider

My first plan was to take the 12:15 a.m. flight to New York and so I began my long wait in the airport. I took a walk and started plotting how I could spend $500. Flying home from Bogota, Colombia on American Airlines.

Thomas Pallini/Insider

American, for its part, gave all the passengers on my first canceled flight a meal voucher for around $12. I decided to use that for my first meal and save Chase's travel insurer some money. Flying home from Bogota, Colombia on American Airlines.

Thomas Pallini/Insider

But beyond that, I was hesitant to spend any money because I didn't want to get into a situation where something wasn't covered. Again, this was my first time using the perk. Flying home from Bogota, Colombia on American Airlines.

Thomas Pallini/Insider

So, I left Colombia using exactly $0 of the $500 and didn't spend anything until landing back in the US. After my second flight to New York was canceled, I was routed to Phoenix via Dallas leaving the same night because I was starting a trip to Phoenix and American couldn't get me home in time for my flight to get there. Flying home from Bogota, Colombia on American Airlines.

Thomas Pallini/Insider

After I landed in Dallas, American had given me a hotel voucher, at my request, so I could have a shower during my four-hour layover. I took a hotel shuttle to the hotel, around five miles from the airport itself, and only planned to shower in the room, then head back to the airport. Flying home from Bogota, Colombia on American Airlines.

Thomas Pallini/Insider

The shuttle, however, was hourly, and I only had 20 minutes from the time I got to the hotel to the time it was leaving again. That didn't include checking in and getting to the room. Flying home from Bogota, Colombia on American Airlines.

Thomas Pallini/Insider

So, I figured, what better time to use the $500. I took my time in the shower and then ordered a Lyft for $19.27, including tip, to get me back to the airport. Flying home from Bogota, Colombia on American Airlines.

Thomas Pallini/Insider

Transportation, after all, is covered under the rules of the perk. Of course, I wouldn't know for sure until I submitted the claim. Flying home from Bogota, Colombia on American Airlines.

Thomas Pallini/Insider

I got to the airport and American, once more, had given me another $12 meal voucher. But it was too early to eat so I only used around $6 of it to buy two water bottles for the flight to Phoenix. Flying home from Bogota, Colombia on American Airlines.

Thomas Pallini/Insider

I landed in Phoenix after a nightmare of a travel experience and asked American if they'd arrange a taxi for me to get to my family's home. I thought it was a reasonable request being as I arrived a day early and my family members couldn't pick me up. Flying home from Bogota, Colombia on American Airlines.

Thomas Pallini/Insider

But the airline didn't think so and I was on my own to arrange an Uber, at peak time, for a total of $107.65 with a tip. Time to file my claim. Using credit card trip insurance.

Thomas Pallini/Insider

First, I needed proof of the delay being greater than six hours. That was easy as American sent an email telling me that I was rebooked on a later flight after the first flight cancellation. Using credit card trip insurance.

Thomas Pallini/Insider

Next, I needed my expenses. All of my Uber and Lyft receipts were digital, so getting them was just a matter of taking screenshots from their mobile applications. Uber Grocery app

Uber

Then, I needed a verification letter from American confirming that my flight was delayed due to a covered reason. In my case, a mechanical delay. Using credit card trip insurance.

Thomas Pallini/Insider

Even that was surprisingly easy. American has a request form just for "delay verification requests." Using credit card trip insurance.

Thomas Pallini/Insider

That letter came three days later and I was then able to submit the claim. Using credit card trip insurance.

Thomas Pallini/Insider

To my surprise, it was approved with no questions asked three days later. Using credit card trip insurance.

Thomas Pallini/Insider

The check did take a while to arrive but I took it straight to the bank. Using credit card trip insurance.

Thomas Pallini/Insider

And with that, my escape from Colombia was complete. I even got credit card points from the two purchases. Depositing a check at a Chase ATM.

Thomas Pallini/Insider

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