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-   Major (https://www.airlinepilotforums.com/major/)
-   -   Delta Stock Buyback Round 2 (https://www.airlinepilotforums.com/major/80212-delta-stock-buyback-round-2-a.html)

maddogmax 03-05-2014 02:59 AM
Originally Posted by 80ktsClamp (Post 1595377)
My financial advisors told me to get rid of it at 12. "too much risk."

Sure glad I didn't take that advice! That's been by far my best performing stock...
Every financial planner will tell you not to own stock in the company that writes your paycheck!

DAL 88 Driver 03-05-2014 05:06 AM
Originally Posted by tsquare (Post 1595325)
It has nothing to do with "having mine". And I am pretty sure we are doing a little better than Chapter 11 rates.
Yep. Just a little better. Chapter 11 was a 42% pay cut in buying power. We're currently at a 34% pay cut.

TheManager 03-05-2014 06:49 AM
Originally Posted by DAL 88 Driver (Post 1595506)
Yep. Just a little better. Chapter 11 was a 42% pay cut in buying power. We're currently at a 34% pay cut.
Doh! Those d@mn rates and math just don't lie, do they.

Nothing like a dose of reality and truth to set things straight. :D

Karnak 03-05-2014 06:50 AM
Originally Posted by maddogmax (Post 1595469)
Every financial planner will tell you not to own stock in the company that writes your paycheck!
And every financial planner will tell you their advice is no guarantee.

If 100% of them told you to sell at $12, then 100% gave bad advice.

Karnak 03-05-2014 06:54 AM
Originally Posted by DAL 88 Driver (Post 1595506)
Yep. Just a little better. Chapter 11 was a 42% pay cut in buying power. We're currently at a 34% pay cut.
Where does our "buying power" rank relative to the rest of our industry?

DAL 88 Driver 03-05-2014 07:02 AM
Originally Posted by Karnak (Post 1595623)
Where does our "buying power" rank relative to the rest of our industry?
Barely ahead of most. And for the last several years our airline has been the most successful by a wide margin. Our pilot group has been in a position of leadership to lead this profession out of the abyss. What have we done? We've acted like the abyss is some kind of "new normal" and we've set a low bar. We've provided poor leadership and squandered our opportunity.

Thanks for asking the question! :D

Check Essential 03-05-2014 07:08 AM
Originally Posted by maddogmax (Post 1595469)
Every financial planner will tell you not to own stock in the company that writes your paycheck!
Probably good advice, but 100% wrong in this case.

It would be interesting to know how many millions "Financial Engines" has cost Delta employees over the last couple years.

maddogmax 03-05-2014 07:09 AM
Originally Posted by Karnak (Post 1595617)
And every financial planner will tell you their advice is no guarantee.

If 100% of them told you to sell at $12, then 100% gave bad advice.
My point exactly. Do your own research and make investment decisions that you are comfortable with. After all, it's your money not theirs. Although they want a big chunk of yours.

TheManager 03-05-2014 07:20 AM
Originally Posted by Karnak (Post 1595623)
Where does our "buying power" rank relative to the rest of our industry?
What is your definition of industry? Seriously.

DAL 88 Driver 03-05-2014 10:32 AM
Originally Posted by Check Essential (Post 1595634)
Probably good advice, but 100% wrong in this case.

It would be interesting to know how many millions "Financial Engines" has cost Delta employees over the last couple years.
Well even sometimes "good advice" turns out to be wrong. Nobody can predict the future. All we can do is use probabilities to put the odds in our favor and include smart things like diversification in our financial planning.

I agree with you about Financial Engines though... I'm not impressed.


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