Heh okay. I'm always up for talking old taildraggers but I failed to see anything about it before Timbo's post so figured there was some reference I was missing.

 

Let me guess, the plane plunged 20,000 feet after the crew offset their track, pulled the throttles back and extended the speed brake. Hilarious.

 

Sorry for the confusion, my 'how much tailwheel time you got' statement was meant as a joke, directed at the SupaflyGuy, the Mil IP with 14 years of service...who calls some of us [TOS edit deleted by ACL65 as your response to the aforementioned

My post was meant as a joke, not sure about his...

 

Yes it does count, and in six years you will be glad you have done 20 so keep going. It does not count as an Airline Pilot. You are where all of us were at one time, preparing to make a life change. Listening is the attribute most necessary to you achieving your goal. Good Luck!

 

The needles came from Gate Gourmet-prepared food and Delta, the FBI & local authorities are investigating and taking it seriously. It won't effect Delta's business.

I was where you are back in 2004. I retired in 2010. You'd be wise to listen more and be less defensive. Also realize that we joke a lot on APC and sometimes posts can be taken the wrong way...smiley's help.

 

Needles in sandwiches packaged by another company and originating in AMS? Not even a blip on the radar.

If you think we're too tough on you here, or [Edit TOS-ACL65] maybe Delta isnt the place for you. I'm Air Force retired so I know where you're coming from. A large airline is not a military training squadron.

Delta is a great place and I love flying with the guys. Throttle back a little.

 

I always follow this advice. I bid what I want, and I want what I bid. The only issue is that I'm never senior enough to hold what I want or bid!

 

You can get about 5% in a Preferred share fund (Fidelity Focused High Income Fund FHIFX or about 4.5% in a Bond Fund (Fidelity Strategic Income FSICX). This is independent of the increased NAV share price. You can look it up, by I think they are averaging about 6% annually with these two funds. The best thing, I think, is to just buy the preferred shares themselves.

With a par value of 25, there are many offerings that pay between 7 and 8%. Check out Ford preferred, Bank of America Preferred, JP Morgan, Barclays, GM, Credit Suisse etc. If you look at a couple of the high income/dividend funds and compare the top ten holdings of each fund, you will probably see many of the same 'faces' in each fund. Simply buy those preferreds that you see in all of the funds on your own and you will make an extra 1% over the managed funds.

The downside is limited (unless the company goes bankrupt) to the par value in the case of a company recall of the shares.

You can also take some of your cash in invest in a Business Development Unit such as Blackrock Capital (BKCC) or Annalay Capital or Main Street Capital (MAIN). These payers usually pay >8%. They are required by the IRS to payout to the shareholders, 90% of their proceeds. There is more risk involved in these equities, so DYODD. However, if you balance a portfolio so that you have something like 50% in a managed fund, 30% in individual preferreds and 20% in BDUs or capital management funds you will come out with around ann 8% average annual return.

As always, take financial advice from a pilot with a grain of salt. After all, we were all dumb enough to choose this as a career instead of marrying rich.

 

A lot? Really?

 

I had 600 hours of Brasilia time.

Which should have required a tailwheel sign off.