If those Fortune 500 companies were flying and footing the bill, would DAL be pulling down the hub?

The press in CVG was notorious for beating up Delta on any news day. They often claimed that if Delta would just leave, that the vacuum would be filled by SWA, JetBlue, and unicorns, and everyone could fly to Europe for 99 dollars.

Sounds like Clark Howard.....:rolleyes:

Self Directed Investing
 

I have been contacted by a bunch of people to provide my resources to empower them to become self-directed investors. I have no problem answering each person individually. But, this seems more efficient for those of you who are interesed. This is a copy of what I have been sending to fellow APC'ers.

You may ask, how is this relevant to the L&G thread. Well, when DAL, and to some degree NWA, got rid of the pensions it became our responsibility to manage our retirements. That is how this is germane to the thread.

Here is my reply to a PM:

Knowledge is power and you have taken the first step. Here are a few resources.

First, at Amazon.com buy yourself a copy of The Options Playbook by Brian Overby. Get the second edition. It's available for free online at Trade King, but I really like having it as a reference book. It's $25.00.

Second, Tastytrade.com. Tom Sosnoff is the founder and CEO. He started ThinkorSwim. He sold his firm to TD Ameritrade and Tastytrade is his new venture. It is a daily live webcast. It streams weekdays from 8 to 12 Eastern and by subscription from 3:30 to 4:15. It is exclusively geared at the self-directed investor and trader. The morning sessions are FREE. (Pilots like FREE) They are archived, also. If you miss one, you can catch up on layover. The afternoon sessions are subscriber only. It's entertaining and educational at the same time. The annual cost is $45.00. If you decide to subscribe, let me know, use me as a reference and I get a $25.00 voucher, too. Start watching this instead of CNBC or any other financial news. I know these guys personally and they are real deal. It will seem very much like greek to you, but if you hang in there and listen often enough it will begin to sink in.

Regarding your retirement accounts, you will want to investigate www.snideradvisors.com. This is how I made the transition from mutual funds and individual stocks. It's trading with training wheels. I can recommend it. I've been doing it for four years. I know people who have been doing it for seven years. I use it for my 401(k) and DC Plans. It can be done at Fidelity. DAL limits our options when it comes to investing. But, the Brokerage Link will support the Snider system. You will pay for the cost of learning the system in the first month you trade using the method. The online course is great and well worth the cost. Have your spouse take the course with you. This will not require huge amounts of your time to successfully use it, only one day per month.

Now here's the hook. Your investing will change completely. You will learn how to trade options. You will learn how to produce income without invading principal. Options are not weapons of mass destruction when understood and used properly. For every buyer/speculator there is someone on the other side of the trade. The mistake people make is to trade speculatively. What you will learn to do is to sell premium. You will be selling to the chumps who are too stupid to understand what they are doing is a loser position. This is the safe side of a trade with the probabilities in your favor. All of these resources will teach you how to do this.

This will literally seem like greek for a while, but if you are persistent, you will learn to be successful.

I'm always happy to help. I can provide you with a lot of information on how to use the Snider Method, but it won't make a lot of sense until you have taken the course. Once you have taken the course, contact me again and I will help you with the details.

Go forth and learn.

Orvil
http://l1011.homestead.com/727_stickerz.jpg

There, now it's germane to L&G

Actually, on a per capita basis, Minnesota has the highest number of Fortune 500 companies.

20 Minnesota companies make Fortune 500 list | StarTribune.com

Damn banana people....they ruin it for everybody.:D

If I fly another LAX-TPA red eye, I'm going Ndamankon Suh.

I had no idea Minnesota was a city!!:p

Hey Airman, quit your whining and get in that jet! Momma D may be a Beeyatch but she's joemomma and demands her ounce of flesh.:D

Ferd

PS Did I tell ya I'm going to LIH tomorrow:p

Dude, if I have to eat another cold chicken wing in this God-forsaken hotel sports bar, I'm gonna blow.:D