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If you get an ORF layover I can drop some by the hotel.
I can't legally sell what I make at home, and I'm under a NDA so I can't say what beer at what place is mine if you hit the local breweries. Sent from my SM-G965U1 using Tapatalk |
Of course this has to wait until the Army, Air Force and Navy can all come to an agreement with what to do with me.
Navy guy, on an Army deployment stuck in quarantine on a USAF base. Operation enduring cluster continues. Sent from my SM-G965U1 using Tapatalk |
Originally Posted by CX500T
(Post 3205511)
Might buy me a used Miata with my financial windfall. |
Is it like saying the B word?
https://uploads.tapatalk-cdn.com/202...c66114848f.jpg Sent from my SM-G965U1 using Tapatalk |
Originally Posted by Milk Man
(Post 3205554)
oh please dont mention a miata again. We’ll have another 10 pages of miata arguments
Youve got to admit, it’s one of the most perplexing questions man has ever faced. |
Originally Posted by Milk Man
(Post 3205554)
oh please dont mention a miata again. We’ll have another 10 pages of miata arguments
*Stirs Pot* Sent from my SM-N986U using Tapatalk |
Originally Posted by Trip7
(Post 3205596)
There is absolutely no need to talk about Miatas for 10 pages when ICE cars are on the verge of being obselete. Sheer waste of money when you can get a Model 3/Y or Mach E with significantly better performance for significantly lower ownership costs
*Stirs Pot* Sent from my SM-N986U using Tapatalk 10% of pop? 20%? 30%? 50%? Those cars need juice. So do your homes. At what point is the grid stressed to a point something needs to give. Forego heat and cooling to charge the cars or vice versa? Battery operated cars have a place, as a major party - no. The .gov has made it almost impossible to construct new, reliable power generation (fossil fuels/nuclear are the only reliable sources). +++++++++++++++ Now BOT (back on topic) +++++++++++++++++++++++ My side hustle is fishing boats. We own several. My partners and I are about to own the boat to store. That is where you make the $$$. You control the whole chain. When they are selling fish in the store for $30/lb, people are scarfing it up, we own the supply to distro - not a bad place to be. Miatas suck BTW - unless you are less than 5'5" and are double jointed. Bring it. |
Originally Posted by Drum
(Post 3205608)
What's the limit on the power grid?
10% of pop? 20%? 30%? 50%? Those cars need juice. So do your homes. At what point is the grid stressed to a point something needs to give. Forego heat and cooling to charge the cars or vice versa? Battery operated cars have a place, as a major party - no. The .gov has made it almost impossible to construct new, reliable power generation (fossil fuels/nuclear are the only reliable sources). +++++++++++++++ Now BOT (back on topic) +++++++++++++++++++++++ My side hustle is fishing boats. We own several. My partners and I are about to own the boat to store. That is where you make the $$$. You control the whole chain. When they are selling fish in the store for $30/lb, people are scarfing it up, we own the supply to distro - not a bad place to be. Miatas suck BTW - unless you are less than 5'5" and are double jointed. Bring it. |
Originally Posted by 53x11
(Post 3205622)
Gas pumps don’t run on magic? :D
No more derail. |
Self sustaining home with a solar roof and a medium sized wind turbine and you are a supplier, not a consumer. Tesla wall and an EV or 2 give you the storage capacity to reliably not worry about either source.
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Originally Posted by notEnuf
(Post 3205650)
Self sustaining home with a solar roof and a medium sized wind turbine and you are a supplier, not a consumer. Tesla wall and an EV or 2 give you the storage capacity to reliably not worry about either source.
If they can just get the solar roof price down a little more it will really start to make a huge dent. You can have a twenty KW power plant on your roof and store excess power in a battery bank. Run the house, charge the car, and sell power back to the grid. Combined with an ICF house and some good windows and you can go all night without needing to run heat or A/C. |
Originally Posted by Seneca Pilot
(Post 3205655)
If they can just get the solar roof price down a little more it will really start to make a huge dent. You can have a twenty KW power plant on your roof and store excess power in a battery bank. Run the house, charge the car, and sell power back to the grid. Combined with an ICF house and some good windows and you can go all night without needing to run heat or A/C.
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Originally Posted by badflaps
(Post 3205909)
Have you priced an 8D batt. lately? Prolly need about ten.
Powerwall is about 10K installed in my area, problem is getting one as they are in short supply. There are other battery systems that are less money but not quite the performance. Nickel-iron is a good solution as long as you make sure to vent the area they are in well. Also cheaper but take up lots of space. If you have a basement or cellar they can do a great job with less cost. If you are building or remodeling an entire house and the budget is 5-600K it isn't a huge part of the total project. I would not do the roof and batteries as an add on to my current house. I would do the house as a complete energy efficient package. I just wish the power company would pay back at the same rate they charge. In my area it would only take me about four years to pay back, even the high cost of the powerwall. |
I had a 56' motorsailer for 29 years, anything less than a gel battery is a long term nightmare. The Panzer boys had it right.
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Originally Posted by badflaps
(Post 3205978)
I had a 56' motorsailer for 29 years, anything less than a gel battery is a long term nightmare. The Panzer boys had it right.
Gel and AGM are good, no doubt. Of course Tesla uses Lithium. The biggest advantage to nickel iron over any others is the lack of memory. They can be pulled to zero, charged to 100% and back to zero or maintained anywhere in the middle with little or no long term effect on battery life or ability to charge. Old tech but very stable and long lived. Too heavy for sail boats or vehicles but fine to anchor down a house.:D |
Originally Posted by Seneca Pilot
(Post 3205988)
Gel and AGM are good, no doubt. Of course Tesla uses Lithium. The biggest advantage to nickel iron over any others is the lack of memory. They can be pulled to zero, charged to 100% and back to zero or maintained anywhere in the middle with little or no long term effect on battery life or ability to charge. Old tech but very stable and long lived. Too heavy for sail boats or vehicles but fine to anchor down a house.:D
https://www.bbc.com/future/article/2...years-too-soon |
Originally Posted by Trip7
(Post 3204612)
Thanks. First I highly recommend reading a couple books first, The Acquirer's Multiple by Tobias Carlisle and The Little Book that Beat the Market by Joel Greenblatt. Both are quick, easy reads. Pair those with Investopedia.com where you can look up any terms you don't understand and get additional education on how to read an income statement, Balance sheet, and Cashflow statement. One Up on Wallstreet by Peter Lynch is another great book to follow up with. Also a relatively quick read.
Next you begin your research which starts with selecting your screening method and a good screener. I look for companies that have low EV/EBIT multiples(Enterprise Value to Earnings Before Interest and Taxes). It's essentially a better version of Price to Earning ratio (PE Ratio) because it adds the net debt of the company to the market cap so you have a better sense of the company's capital structure. I use The Acquirer's Multiple $45 a month screener. Gurufocus(also $45) is another great screener for EV/EBIT or EV/EBITDA screening. Free screeners are plentiful but those usually limit you to PE ratio screening with no EV related screening options. Once I run the screener I look at the cheapest companies then look for quality. I search for a company that has enough cash to cover all its long term debt, is free cash flow positive in operations, and has decent return on invested capital. Almost all the companies I listed I have never heard of in my life so it's was intriguing to learn about the businesses reading their 10k. Some of these companies are so undervalued while gushing cash I invest after less than 20 mins of reading. I typically invest in 12-15 companies (anything more than that is a pain to track) equally sized. Overall the key to all this is to realize you are purchasing pieces of a business not pieces of paper. If you take the time to learn how to accurately value businesses in the long run the market will reward you. In the short term the market is a voting machine, in the long term it's a weighing machine, and it's weighing the free cash flows generated by the business. Your goal is to find companies that are trading at low to rediculously low valuation relative to its cashflows. Sent from my SM-N986U using Tapatalk Also thanks to the poster who suggested motley fool. |
To those a couple pages ago who were asking about “will I have enough?”
A philosophy/approach is the 3% rule. what it means is, whatever your nest egg is, as long as you don’t pull more than 3% from it per year, you will be fine. A read one article where the author ran simulations during multiple decades, including 1929, 2009, and you could do it. Others have said 4% should be the rule. More conservative. |
Originally Posted by NoDeskJob
(Post 3207153)
To those a couple pages ago who were asking about “will I have enough?”
A philosophy/approach is the 3% rule. what it means is, whatever your nest egg is, as long as you don’t pull more than 3% from it per year, you will be fine. A read one article where the author ran simulations during multiple decades, including 1929, 2009, and you could do it. Others have said 4% should be the rule. More conservative. |
Originally Posted by 123494
(Post 3207156)
The 4% rule is the big one that seems to work over many 30 year periods. Unless you are a big spender in retirement, you'll likely end up with more than what you started with. Great if you had kids or a cause you care about. If you're single like me, not so much.
This is conservative. |
Anyone do real estate agent? That seems like a great side gig and possible backup plan if you ever were furloughed lost medical.
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Originally Posted by panpanpan
(Post 3226150)
Anyone do real estate agent? That seems like a great side gig and possible backup plan if you ever were furloughed lost medical.
I worked as a realtor as a pilot and the only way you can truly service your clients to the level they deserve is full time. Doing rentals is much more realistic than sales. I did rentals in NYC. You could rent an apartment typically in one afternoon so it was much easier to do a deal like that. But, you kind of need to be in a big city to have volume. In the end I never felt I could adequately provide a level of service worthy of a 4-6% commission. I did help a handful of friends that new my deal but it only made me learn that working with friends isn’t ideal anyway when dealing with money and the largest purchase of their lives. Some big agents have a team and if you could get on a team where you all service the client but you aren’t necessarily the point man would work too but then you may be sacrificing part of your commission. In the end it is super easy and cheap to get the license so why not give it a shot? Good luck. |
Originally Posted by marcal
(Post 3226164)
If you are buying or selling a house, are you going to be happy when your agent can’t take you out or do an open house, or show it bc they are on a 3x day trip? No.
I worked as a realtor as a pilot and the only way you can truly service your clients to the level they deserve is full time. Doing rentals is much more realistic than sales. I did rentals in NYC. You could rent an apartment typically in one afternoon so it was much easier to do a deal like that. But, you kind of need to be in a big city to have volume. In the end I never felt I could adequately provide a level of service worthy of a 4-6% commission. I did help a handful of friends that new my deal but it only made me learn that working with friends isn’t ideal anyway when dealing with money and the largest purchase of their lives. Some big agents have a team and if you could get on a team where you all service the client but you aren’t necessarily the point man would work too but then you may be sacrificing part of your commission. In the end it is super easy and cheap to get the license so why not give it a shot? Good luck. |
Originally Posted by panpanpan
(Post 3226150)
Anyone do real estate agent? That seems like a great side gig and possible backup plan if you ever were furloughed lost medical.
Real world example... I called my agent two days ago (Thursday), he made a few calls and arranged for a showing yesterday morning (Friday). Last night, he drew up a contract with my offer. We made a couple minor changes and he sent it over to the sellers today (Saturday). I called two of my lenders and emailed a third on Thursday. I'll hear back next week. A better fit with your Delta schedule may be coordinating a team of agents, loan officers and general contractors by rehabbing, then renting houses. Having people working for you while on a trip is much better than having work stack up while you are gone. Just a thought... |
Originally Posted by Gunfighter
(Post 3226189)
A better fit with your Delta schedule may be coordinating a team of agents, loan officers and general contractors by rehabbing, then renting houses. Having people working for you while on a trip is much better than having work stack up while you are gone. Just a thought...
You’ll drive yourself crazy and end up not enjoying either, and likely doing a sub optimal job at both...if you try to find a second J-O-B. The main aim of an (ideal) side hustle should be passivity and scaleability. If you just want more $ pick up a trip or two. Much easier than spinning your wheels at a lower hourly rate. That is not to say the right side hustle isn’t worth it. Gunfighter and others like RE. I go at it with software and some limited consulting. There are also traditional pyramid schemes if you can find something that isn’t too skeezy. The whole goal (should be at least) to leverage technology or other people’s time/capital. We already burn up enough human capital here, and there are only 168 hours in a week. Smarter not harder. |
Originally Posted by LeineLodge
(Post 3226209)
The main aim of an (ideal) side hustle should be passivity and scalability. If you just want more $ pick up a trip or two. Much easier than spinning your wheels at a lower hourly rate.
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Originally Posted by LeineLodge
(Post 3226209)
^^^All of this
You’ll drive yourself crazy and end up not enjoying either, and likely doing a sub optimal job at both...if you try to find a second J-O-B. The main aim of an (ideal) side hustle should be passivity and scaleability. If you just want more $ pick up a trip or two. Much easier than spinning your wheels at a lower hourly rate. That is not to say the right side hustle isn’t worth it. Gunfighter and others like RE. I go at it with software and some limited consulting. There are also traditional pyramid schemes if you can find something that isn’t too skeezy. The whole goal (should be at least) to leverage technology or other people’s time/capital. We already burn up enough human capital here, and there are only 168 hours in a week. Smarter not harder. Agreed that this should be a pinned post about Side Hustles. Also agree that being a real estate agent would be a poor allocation of a Delta pilot's time unless you have a passion for being a Real Estate agent more than being an Airline Pilot. Better use of your time would be to GS on your days off then allocate that extra money into Investments. Efficient Allocation of your Time and Capital is the key to happiness and wealth building. Sent from my SM-N986U using Tapatalk |
Originally Posted by LeineLodge
(Post 3226209)
The main aim of an (ideal) side hustle should be passivity and scaleability. If you just want more $ pick up a trip or two. Much easier than spinning your wheels at a lower hourly rate.
A side hustle isn't about getting a second job - our current job income well exceeds most part-time job pay rates - and of course double that at greenslip pay. It's about something that works for you, day in, day out while you're flying the plane, hanging at home or whatever. Passive income is the goal. |
Originally Posted by iaflyer
(Post 3226385)
EXACTLY.
A side hustle isn't about getting a second job - our current job income well exceeds most part-time job pay rates - and of course double that at greenslip pay. It's about something that works for you, day in, day out while you're flying the plane, hanging at home or whatever. Passive income is the goal. ...and will still be a nice income stream should you no longer be able to pick up a an extra trip, or fly at all. |
Originally Posted by crewdawg
(Post 3226389)
...and will still be a nice income stream should you no longer be able to pick up a an extra trip, or fly at all.
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Originally Posted by panpanpan
(Post 3226400)
This is the key. For many of us not making Captain pay, we can’t just live off our investments if something were to happen with flying. That is why there needs to be a real second job. The rehab, refinance, rent idea seems to be popular but also sounds like a headache and a lot of risk, especially in this sellers market.
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Originally Posted by JamesBond
(Post 3226452)
Can you use your degree to work a second part time job... one that you could turn into a full time gig if need be? I did for years until I moved to Florida. My first 5+ years at DAL there was ZERO movement at the airline. I sat sideways on a 727 that entire time and the only chance I ever had to ride on a 767 was in the jumpseat or non revving. Furlough happened for many of my peers and lasted for many years. I was fortunate in only being stagnate. But there was always the sword of Damocles over my head. So I worked for that entire time at a job unrelated to aviation. One of the things I would tell young people that are thinking about being a pilot is to get a degree in something else. I would love for someone to try to change my mind on that.
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Are you looking for a break from the medical experts, politicians and company shills filling up the other threads?
-My one month experiment with iron condors was an up and down roller coaster. I'm not sure the daily commitment to a brokerage screen fits my personality. Of course neither does daily commitment to diet and exercise. -Is anyone taking advantage of the low margin rates at IBKR to buy dividend stocks? -Doge and Bitcoin have been entertaining. Did anybody play DOGE over the Elon Musk SNL episode? -My investment in bottles of Blanton's has done so well, I can't afford to drink any of them. -The real estate market is on fire. How long will it last? Will the drop in lumber prices cool things down? I tried a 1031 into an airplane hangar, but was grossly outbid. |
Originally Posted by Gunfighter
(Post 3250655)
Are you looking for a break from the medical experts, politicians and company shills filling up the other threads?
-My one month experiment with iron condors was an up and down roller coaster. I'm not sure the daily commitment to a brokerage screen fits my personality. Of course neither does daily commitment to diet and exercise. -Is anyone taking advantage of the low margin rates at IBKR to buy dividend stocks? -Doge and Bitcoin have been entertaining. Did anybody play DOGE over the Elon Musk SNL episode? -My investment in bottles of Blanton's has done so well, I can't afford to drink any of them. -The real estate market is on fire. How long will it last? Will the drop in lumber prices cool things down? I tried a 1031 into an airplane hangar, but was grossly outbid. -short term trading is not my style. Like you suggested, daily fixations on charts does not sound fun. Lately have been reading 10ks and investor presentations learning about different businesses in sectors/countries that seem to have value. Lots of great deals out there, especially internationally. My best idea is BABA Deep ITM LEAPS(equity substitution). Alibaba seems deeply under valued and I have high conviction it will go up substantially so I levered up with LEAPS. -I might be alittle old skool but I don't think Margin and Stocks are a good combination. Maybe for small bets on options here and there but not for dividend stocks. Margin works much better in Real Estate. Sent from my SM-N986U using Tapatalk |
So either the fed talks about tapering tomorrow and the market tanks or they stick to the playbook it is time to go big on the inflation trade…
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Originally Posted by panpanpan
(Post 3250678)
So either the fed talks about tapering tomorrow and the market tanks or they stick to the playbook it is time to go big on the inflation trade…
https://youtu.be/tq0MknnpYfc |
Originally Posted by Trip7
(Post 3250661)
-Real Estate is horrendous right now. Folks are desperate to find a home at these low rates and are willing to pay nosebleed prices. Investment property is in a similar boat. Have you looked into Self Storage? That seems to be doing decent.
-short term trading is not my style. Like you suggested, daily fixations on charts does not sound fun. Lately have been reading 10ks and investor presentations learning about different businesses in sectors/countries that seem to have value. Lots of great deals out there, especially internationally. My best idea is BABA Deep ITM LEAPS(equity substitution). Alibaba seems deeply under valued and I have high conviction it will go up substantially so I levered up with LEAPS. -I might be alittle old skool but I don't think Margin and Stocks are a good combination. Maybe for small bets on options here and there but not for dividend stocks. Margin works much better in Real Estate. Sent from my SM-N986U using Tapatalk The low interest rates at IBKR got me thinking about margining some stable dividend stocks. Borrowing at 1% to buy XOM or T for the dividend yield seems like a low risk way to generate some additional earnings. The primary source of equity for the margin is VOO, so it's 1:1 with the S&P in a downturn. I've run a few scenarios with different levels of market correction. Looking for value is a wise move right now. I wish I had the patience to do the research. |
Originally Posted by panpanpan
(Post 3250678)
So either the fed talks about tapering tomorrow and the market tanks or they stick to the playbook it is time to go big on the inflation trade…
One a related note, what do you think about an inflation based adjustment to the basis of assets before applying long term capital gains tax. A $100 dollar asset will rise to $120 over a few years due to inflation. You pay tax on the $20 gain even though you didn't actually make any real money. |
Originally Posted by Gunfighter
(Post 3250697)
Load up on long term fixed rate debt backed by income producing assets and ride the inflation wave.
One a related note, what do you think about an inflation based adjustment to the basis of assets before applying long term capital gains tax. A $100 dollar asset will rise to $120 over a few years due to inflation. You pay tax on the $20 gain even though you didn't actually make any real money. |
Originally Posted by JamesBond
(Post 3250849)
Like the government would allow that to happen.
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