I’m with you. I’m more of a ‘set it and forget it’ type person when it comes to investing. It does not interest me in the least, and I don’t want to learn it. I’m happy to max out all of my tax advantaged accounts and dump excess cash into other investment accounts that are managed by others.

But, I don’t want to be screwed come retirement time. I assume that the average Delta pilot makes enough money for this strategy to work, but don’t know that for a fact.

 

It really depends on when you start investing and how high your annual expenses are. I would think most Delta pilots can invest enough to live a comfortable retirement. If you’ve been spending every dime you’ve earned until you’re 50, then you might have some catching up to do.

 

amen to that one!

 

Absolutely nothing wrong with that. Set it and forget it investing with index funds and ETFs is a solid plan that should give any Delta Pilot a solid retirement. Investing in Individual stocks beyond a very small part of your portfolio requires significant time for education and research. I only recommend it if you are passionate about Businesses and Investing.

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Much of the Side Hustle discussions lately have centered on investing techniques. The broader discussion includes businesses, side jobs, etc that generate a source of income outside of the airline job. It's all about spending a little bit of time building a safety net or second income stream. As far as retirement goes, I would expect your approach leaves you in good shape. Beating the S&P by investing directly in individual stocks over decades is an oddity more than the norm. The Motley Fool is one of the better routes to take if you are playing that game.

You can spend hours if you really want to get into it, but a set it and forget it approach works well for most pilots. I've spent a fair amount of time with options trading, day trading (in fractions), active and passive real estate investing. The stocks/options are more of a hobby that is about to get replaced with GA flying. Real estate management and investing is the Side Hustle that generates income.

In your situation, with a set it and forget it approach a few passive real estate investments could be a good fit. If you are inclined to take on a more active role, adding a few houses over the next couple years could be a good approach. Depending on the amount of capital you are willing to invest outside of stocks, ETFs and mutual funds, you may even consider buying a storage facility, RV park or apartment community.

 

Anyone gotten their RE license and become their own agent for purposes of selling a house? Create your own LLC to do so?

Bought a new construction home where the builder was also his own agent under an LLC. He essentially paid himself the seller’s 3%. Smart.

 

Anybody else just spend recklessly on stupid hobbies as a side hustle?

 

I am going to start a landscaping side hustle because I like having a truck and being outside 🤡.

 

I actually have made a slight profit selling my homebrew recipes to brewers.

Might buy me a used Miata with my financial windfall.

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I’m sure the paperwork would make it prohibitive but I can’t be the only one on APC who’d buy a bottle or two.