Notices

Section 6 thoughts

Old 10-21-2019, 01:58 AM
  #21  
Gets Weekends Off
 
Trip7's Avatar
 
Joined APC: Dec 2007
Posts: 5,410
Default

Originally Posted by tunes View Post
This is an example of why not to take financial advice from pilots


Sent from my iPhone using Tapatalk
Just because a few have ideas that are quite strange doesn't mean throw the entire profession under the bus. There are lots of pilots out there like yourself that are very sharp with personal finances.

Sent from my SM-G975U1 using Tapatalk
Trip7 is offline  
Old 10-21-2019, 03:09 AM
  #22  
Gets Weekends Off
 
Joined APC: Feb 2008
Posts: 19,258
Default

Originally Posted by PilotJ3 View Post
For those of us in the 30...should be looking at whole like insurance. With 4 to 5% + dividends steady for 30 yrs is a passive way to save money.

We won’t see Social Security, so...we need other venues to shelter money. I’ve been saving around 30k yr + what I can get in my 401k.
Near where I live 6 nice lakefront lots were coming on the market. I hoped I might get one to build a small retirement home. One guy bought all six plus a couple of acres of inland land. He moved a quarter mile of road to run it around his new land and built a house that needs to be seen to believe.
He had just retired from selling whole life insurance!
sailingfun is offline  
Old 10-21-2019, 03:39 AM
  #23  
Gets Weekends Off
 
Joined APC: Jul 2007
Position: Left seat of a little plane
Posts: 2,396
Default

Originally Posted by sailingfun View Post
Near where I live 6 nice lakefront lots were coming on the market. I hoped I might get one to build a small retirement home. One guy bought all six plus a couple of acres of inland land. He moved a quarter mile of road to run it around his new land and built a house that needs to be seen to believe.

He had just retired from selling whole life insurance!
Kind of like, the best way to make money in a casino is to own one.
Herkflyr is offline  
Old 10-21-2019, 05:38 AM
  #24  
Gets Weekends Off
 
GogglesPisano's Avatar
 
Joined APC: Sep 2013
Position: On the hotel shuttle
Posts: 5,808
Default

Me? I'm going to invest in gold.

Oh, and Freedom Pellets -- 'cause the gubmint is coming!
GogglesPisano is offline  
Old 10-22-2019, 06:34 AM
  #25  
Line Holder
 
Joined APC: Oct 2013
Posts: 80
Default

Aside from the ‘can’t survive at 65 hot mess above’ I see the biggest limiting factor for self funded progress is the 54k yearly contribution limit. Spreading it around in property, under the mattress and freedom pellets, lots of pellets’ only goes so far. Another investment vehicle would be nice.
Fatty 5416 is offline  
Old 10-22-2019, 07:10 AM
  #26  
Gets Weekends Off
 
Joined APC: Oct 2015
Posts: 270
Default

I'm going to find a simple place near the ocean with great craft beer and fresh seafood and never have to wear long pants again....
The simple life is pretty good..
lake is offline  
Old 10-22-2019, 07:16 AM
  #27  
Gets Weekends Off
 
Joined APC: Apr 2012
Posts: 336
Default

Originally Posted by GogglesPisano View Post
Me? I'm going to invest in gold.

Oh, and Freedom Pellets -- 'cause the gubmint is coming!
Whatever happened to the gold man?
dc10guy is offline  
Old 10-22-2019, 07:19 AM
  #28  
Gets Weekends Off
 
Joined APC: Aug 2015
Position: Gramercy Riffs
Posts: 489
Default

Originally Posted by dc10guy View Post
Whatever happened to the gold man?
Which one? The OG got a medical retirement after pulling a Corporal Klinger Section 8 and his disciple hit a light pole in BNA and has never been heard from again.
beernutt is offline  
Old 10-22-2019, 09:40 AM
  #29  
Gets Weekends Off
 
Big E 757's Avatar
 
Joined APC: Nov 2013
Position: A320 Left seat
Posts: 2,580
Default

Originally Posted by GogglesPisano View Post
Me? I'm going to invest in gold.

Oh, and Freedom Pellets -- 'cause the gubmint is coming!
Don’t forget about pumpkin futures. They always spike this time of year, but I keep mistiming my exit. I get greedy and hold them into November. You know, Thanksgiving, and such. I keep getting smoked.
Big E 757 is offline  
Old 10-22-2019, 01:06 PM
  #30  
Da Hudge
 
80ktsClamp's Avatar
 
Joined APC: Oct 2006
Position: Poodle Whisperer
Posts: 17,473
Default

Originally Posted by beernutt View Post
Which one? The OG got a medical retirement after pulling a Corporal Klinger Section 8 and his disciple hit a light pole in BNA and has never been heard from again.
Captain light pole was big on here pushing TA1 until I ban hammered him. He also made the legendary “rocket surgeon” Facebook post in the same time period that there are a lot of screen shots of.
80ktsClamp is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Crash
Major
3437
01-30-2013 06:51 PM
Quagmire
Major
253
04-16-2011 06:19 AM
PurpleTail
Cargo
92
03-22-2011 05:54 AM
DMEarc
Regional
1249
12-17-2010 10:37 PM
RockBottom
Major
3
09-23-2005 02:01 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Thread Tools
Search this Thread
Your Privacy Choices