Originally Posted by
flyboyike
There appears to be a tendency among pilots to believe that because we have several type ratings and/or some thousands of hours of flight time, we must be not only aviation experts, but experts in a whole bunch of other stuff. Among said "other stuff," at least in my experience, the most frequently seen are things like guns, cars, and finance, the latter usually focused on real estate, but sometimes closer to what you describe. The message from such "experts" has changed little to none in my 19 years in the industry, it's usually a mix of Ron Paul and [insert your favorite conservative talking head here] talking points, to the effect "dollar is collapsing, we need to run for the hills, make sure you have gold in your portfolio (more recently this last one has been replaced by crypto), the end is near etc. etc." I'm sure it happens in other professions, too, but it seems aviators are especially shameless about it.
Interestingly enough, it seems to be the same "financial savants" who are advocating for age 67, so they can make up for "what they lost."
Dude. I'm in my 30s and am literally explaining why pilots are terrible with finance.
Are you saying being financially literate and independent is a bad thing.
My prepping was retire before the boomers do because the consumer economy will implode as demand falls.
Just wait for the inflows to reverse next year.
This is demographics and economics.
It's rather ironic you think you know better than the market. What's it telling you? It's saying the consumer is tapped out and the growth model since 1981 is dead. So is "free trade". Welcome to neo mercantilism/techno feudalism.
You definitely don't want to be a wage earner. You're in a race to the bottom. The majority of people have seen their QOL peak.
I'm not even trying to be rude, but perhaps you should address the economy before you have an opinion about it.
This time isn't different. Prepare for bad times.
Good times if you saved money. Everything goes on sale.
Aren't you happy that people will be able to afford homes? Won't be able to afford to travel etc, but this helps many people, but not debt holders.
2014 real estate prices coming soon.