One of thousands of reasons to not have a cat.

 

What is cash flow while you own the stock? Dividends? So buy good stocks with dividends? Got it.

In all seriousness, I know nothing about investing. I just ragging on this method a little bit. $2500 seems like a lot for a two day workshop. It really does seem like one of those TV ads.

On a different note, I had a friend give me a bottle of Mona Vie. That stuff tastes horrible. I would rather drink 2 oz of scotch twice a day. According to wikipedia, the health benefits might be about the same.

 

I think the fact that you followers have spent 5 pages and 10 hours defending the "Snider Method" confirms to me that it's all BS. If I learned the holy Grail to investing (that cost me $2500 to obtain) I certainly wouldn't be trying to sell people on it. I'd quietly be sitting back and watching myself get rich.

I'll stick to the old fashion - Warren Buffet method of investing, I.e., P/E ratio and lots and lots of research.

 

Nope. You haven't "got it." If you care to read back over all the posts on this subject today, you should be able to get a better idea about how it works. I don't want to waste everyone else's time with it at this point.


I understand. Everyone should analyze things with somewhat of a skeptical eye. As pilots, I think this is our nature and part of what keeps us safe. $2500 is a lot of money. I wouldn't recommend that anyone spend that much money to take an investment class unless they had really done their homework on it. But just to put it in perspective... $2500 is less than one month's yield in my DPSP/401k. And I don't pay anybody to manage my accounts. I pay commissions to Fidelity on the trades... which are minimal in the grand scheme of things because I only trade one day per month and it's not a huge number of trades. I pay $30 to Snider Advisors in months that I use their stock screener to open new positions (I find that I'm paying this most months but not every month). And $10 to be a client of Snider Advisors and have their customer support (which I can count on one hand the number of times I've needed in 6 years). Other than that, there are no costs... anything I get is all gravy. I consider that $2500 the best investment I have ever made. But that's just what I have determined for myself. I'm not trying to tell you what to think. I really didn't even mean to get dragged into this long of a discussion on the topic (partially my own fault for trying to be helpful).

The Snider Method is not a scam. I am confident of that. But if you think it is, then don't worry your pretty little head about it... cause you don't have to do it!

 

It sounds sad, but I really didn't mean it like that, its just why not fly somewhere warm with a pool and make more money doing it? A four day trip is about $120 bucks in per diem. That's a nice bit of extra money on my paycheck. I would have a different attitude if I lived in base, but I'm not sitting at HOME while I'm on reserve. Again, not complaining either way, but its nice to get trips once in awhile so I try to yellow slip sometimes and I didn't understand why it didn't work.

 

Well that's what I get for trying to be helpful.

Good luck.

 

Well if you're really trying to be helpful than post the specifics of the Snider Method. Everything you learned in your 2 day seminar, including the checklist. Help a brother out.

 

from a Morningstar forum:

e: What is with the Kim Snider Methodology?
03-04-2011, 11:20 PM | Post #3006856

My wife and I went through her course in December 2006 and paid aprox. $5000. We decided that since we were both about to retire we needed extra money to supplement our income.

We decided to let $500,000.00 of our retirement money to be managed by the Kim Snider Method in the early part of 2007. We let Kim Snider and her staff manage the account. Kim and her Husband Jim stressed to us that this method is equal or better than an investment grade bond.

On November 23, 2008 the account value was exactly $131,010.31 using the Kim Snider Method. They also margined $92,169.02 in that account. You be the judge?

 

I just stumbled across this! Hilarious and some very good points!

YouTube - DPA Pilot Lounge Chat Part 1

 

dpa - double penetration n a$$
very funny