Airline Pilot Finances 101
04-11-2008, 09:32 AM
#11
New boss = Old boss
Joined APC: Mar 2005
Position: Ca B737
Posts: 2,762
Originally Posted by Grumpy311
Exactly why is this posted in the Major Airline forum ??
To answer the question: Go ahead. The value is low for a reason. Look in to the disappearance of 9 billion US dollars to get an idea of why. To be of any value an investment must have some liquidity. ie. you must be able to sell the thing you buy to realize a profit. I doubt the Iraqi Dinar will be easy to buy OR sell. Stick to real estate and or mutual funds.
04-11-2008, 03:10 PM
#12
Gets Weekends Off
Joined APC: Jun 2006
Posts: 135
Risk = Return
If you want to turn 1K into 250K, substantial risk must be taken. Also, to reap that kind of reward, you must buy before everybody else is buying. So, this could be the investment that makes you rich. But, be willing and ready to lose every bit of that $1000 because as of now, it is purely speculation and doesn't seem to be turing around. For every investment that produces rewards that you are expecting, there are about five-thousand investments that reduce down to zero. Good Luck, but I'd take that $1000 and put it on red at a Vegas roulette table.
If you want to turn 1K into 250K, substantial risk must be taken. Also, to reap that kind of reward, you must buy before everybody else is buying. So, this could be the investment that makes you rich. But, be willing and ready to lose every bit of that $1000 because as of now, it is purely speculation and doesn't seem to be turing around. For every investment that produces rewards that you are expecting, there are about five-thousand investments that reduce down to zero. Good Luck, but I'd take that $1000 and put it on red at a Vegas roulette table.
04-11-2008, 05:19 PM
#13
Gets Weekends Off
Joined APC: Mar 2008
Position: 737 FO
Posts: 630
Originally Posted by dansia
Where are you still finding online savings accounts at 6%? Seems to me everything has dropped in the last 4-6 months to 4% max, most lower.
04-12-2008, 04:46 PM
#15
On Reserve
Joined APC: Jul 2007
Position: PIC Learjet Part 91
Posts: 21
Originally Posted by beis77
If you want a good savings account, get an ING account. They have about the best savings account rates out there right now; short of putting your money in a CD and not having access to it for a lengthy period of time.
04-13-2008, 09:59 AM
#17
Gets Weekends Off
Joined APC: Apr 2008
Position: Sleeping in the black swan’s nest.
Posts: 5,709
Originally Posted by boost
The First Rule of Airline Pilot Finances is to never take financial advice from a pilot! 
As an airline pilot I'd like to suggest Jajoba bean farms and llamas as the full proof investment of the future.
04-13-2008, 12:45 PM
#18
Line Holder
Joined APC: Jul 2007
Position: Right seat
Posts: 44
[quote=mike734;361054]This is not a "Major Airline forum." It is an "Airline Pilot forum" and from what I see, it is a mostly airline pilot wan-a-be forum. Anyway the question was posted in the money section and is about par for the kind of question a pilot would ask so it is appropriate.
i guess it was moved from the majors to the money talk section
i guess it was moved from the majors to the money talk section
04-14-2008, 09:42 PM
#19
Gets Weekends Off
Joined APC: Dec 2007
Position: 1 ft out the door
Posts: 113
There's less risk in the Chinese Yuan. If I were to buy Iraqi, I would wait until after the elections, as suggested....
Iraq does have allot of potential but most of the sects would rather starve than to share with a rival sect: they need a new dictator.
Iraq does have allot of potential but most of the sects would rather starve than to share with a rival sect: they need a new dictator.
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