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Old 10-26-2018, 12:51 PM
  #7311  
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Originally Posted by Std Deviation View Post
5 pieces of advice to never take from pilots:

5. Culinary - the food in the company cafeteria is the BEST! And a hotdog is only $1.99

4. Relationship - sheís your soulmate. Says the guy divorced 3 times and currently has a secondary family in the Dominican Republic.

3. Financial - Oh this is self explanatory. How can someone that makes 250K plus a year have a negative net worth.... maybe see #4? Quit trying to get me to invest in your bitcoin polishing business. Iím good. And I get that on a 401K loan youíre paying yourself. However, you just took 50K out of a bull market thatís returning at least 18 percent. And paid 26% (or more) ordinary income tax on the ďprofitĒ you made in the employee stock option plan because you sold it the day you bought it.

2. Fitness - resistance training and paleo is the way to go. Dude, youíre like 300lbs and eating a meatball sub.

1. Career - you should leave here and go to........
Thatís funny dude
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Old 10-26-2018, 12:55 PM
  #7312  
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Originally Posted by PasserOGas View Post
They can manage expectations. Does that count?
Sure. You are a hero.
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Old 10-26-2018, 04:24 PM
  #7313  
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So I tried signing up for Bluepilots when I first started here, but it said wrong crew ID, and last name. Figured I would try again, and itís giving me the same thing. Tried our numerous combos of id formats, and Iíve emailed the admin, but no reply. Anybody know the secret?
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Old 10-26-2018, 05:30 PM
  #7314  
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Originally Posted by Std Deviation View Post
5 pieces of advice to never take from pilots:

5. Culinary - the food in the company cafeteria is the BEST! And a hotdog is only $1.99

4. Relationship - she’s your soulmate. Says the guy divorced 3 times and currently has a secondary family in the Dominican Republic.

3. Financial - Oh this is self explanatory. How can someone that makes 250K plus a year have a negative net worth.... maybe see #4? Quit trying to get me to invest in your bitcoin polishing business. I’m good. And I get that on a 401K loan you’re paying yourself. However, you just took 50K out of a bull market that’s returning at least 18 percent. And paid 26% (or more) ordinary income tax on the “profit” you made in the employee stock option plan because you sold it the day you bought it.

2. Fitness - resistance training and paleo is the way to go. Dude, you’re like 300lbs and eating a meatball sub.

1. Career - you should leave here and go to........
You lost me here. That’s like me offering you $4000 and you say no thanks the taxes aren’t worth it. And if you’re suggesting holding onto airline stock well then you just proved your own point.
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Old 10-26-2018, 05:32 PM
  #7315  
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Originally Posted by rvr1800 View Post
You lost me here. Thatís like me offering you $6000 and you say no thanks the taxes arenít worth it. And if youíre suggesting holding onto airline stock well then you just proved your own point.
Letís see what is 25% of 15% itís atill a profit. What has jetblue stock done since the last employee stock purchase plan?
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Old 10-26-2018, 05:37 PM
  #7316  
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Originally Posted by hilltopflyer View Post
Let’s see what is 25% of 15% it’s atill a profit. What has jetblue stock done since the last employee stock purchase plan?
Exactly. CSPP at 10% is a no-brainer. If sold immediately obviously.
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Old 10-27-2018, 06:59 AM
  #7317  
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Originally Posted by Bilbo T Baggins View Post
So I tried signing up for Bluepilots when I first started here, but it said wrong crew ID, and last name. Figured I would try again, and itís giving me the same thing. Tried our numerous combos of id formats, and Iíve emailed the admin, but no reply. Anybody know the secret?
It sure.

Pretty confident jetblue controls that site.
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Old 10-27-2018, 07:21 AM
  #7318  
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Originally Posted by Bilbo T Baggins View Post
So I tried signing up for Bluepilots when I first started here, but it said wrong crew ID, and last name. Figured I would try again, and itís giving me the same thing. Tried our numerous combos of id formats, and Iíve emailed the admin, but no reply. Anybody know the secret?
Flyby can hook you up if he stops by this thread. It has to do with the database of allowable employees/numbers not being updated after a certain time. So anyone hired in the last __ years wonít work. Thereís a bypass tho. PM flyby.
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Old 10-27-2018, 08:55 AM
  #7319  
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Originally Posted by rvr1800 View Post
You lost me here. That’s like me offering you $4000 and you say no thanks the taxes aren’t worth it. And if you’re suggesting holding onto airline stock well then you just proved your own point.
You could have day traded the stock over the last 24 months and made more. I totally get the ESSP. However, selling immediately is speculating. Buy and hold is investing. I don’t hold individual airline stocks. Nor am I a speculator. Plus JB takes MY money out of circulation for a couple months. No one seems to care about that. So I lose the opportunity cost of putting that money in play elsewhere. Let’s use 5K as an example. So a $750 before tax profit is worth it? Sure, if $750 is the best you could have done without other options.

Flew with a guy with 20K in CC debt @20%. If you took the money JB took from you and paid off your CC instead of stock you’d make more!

What’s laughable is the only employees that truly profit are high earners. John Q ramper or Sally FA are making what.... $50.
We’ve both proved my point - don’t take financial advice from pilots. You’ll never convince me, and I’ll never convince the “believers.”

I guess my whole point was that - I’ve sat on a 7 hrs transcon while my coworker has tried to convince me to buy. Can’t we just agree to diasagree and go back to complaining about something else... isn’t there something we both hate? Like the Dallas Cowboys?


Disclosure : my wife is a broker at a major financial firm.

Last edited by Std Deviation; 10-27-2018 at 09:30 AM.
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Old 10-27-2018, 09:30 AM
  #7320  
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Originally Posted by Std Deviation View Post
You could have day traded the stock over the last 24 months and made more. I totally get the ESSP. However, selling immediately is speculating. Buy and hold is investing. I donít hold individual airline stocks. Nor am I a speculator. Plus JB takes MY money out of circulation for a couple months. No one seems to care about that. So I lose the opportunity cost of putting that money in play elsewhere. Letís use 5K as an example. So a $750 before tax profit is worth it? Sure, if $750 is the best you could have done without other options. Whatís laughable is the only employees that truly profit are high earners. John Q ramper or Sally FA are making what.... $50.
Weíve both proved my point - donít take financial advice from pilots. Youíll never convince me, and Iíll never convince the ďbelievers.Ē

Disclosure : my wife is a broker at a major financial firm.
You also could have day traded the stock over the last 24 months and lost a lot more. Your point makes no sense. You compare a guaranteed RoR to hypothetical day trading results over 2 years.

Also, selling immediately is not speculating. Itís making a predetermined plan to instantly make 17.6% on income withheld/tied up over the preceding 6 months. Speculating is betting the stock will go up or down. Immediately flipping the stock doing the CSPP prevents any fluctuation in share price affecting the value of your money. Thatís quite the opposite of speculating. You can make an argument that by selling you are betting the stock will go down, but the whole point is you are taking an approach with basically zero risk for a predetermined profit of 17.6%.

Can you please ask your broker wife to take my money out of circulation for a few months and give me a guaranteed 17.6% RoR? Guarantee you she wonít do it. Neither will her major financial institution. Curious, what investments does her major financial institution offer that have a guaranteed RoR of even 1/4 or even 1/10th of that? I donít know of anywhere else you can get a guaranteed RoR close to that. If I could tie up all my income for 6 months at a time and make it 17.6% higher I would. If you or your wife can show me a better (guaranteed) investment vehicle...take my money.
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