brien23
Cleared for Takeoff
Is it time for the Bubble to pop, for all those with cash on the sidelines waiting for the correction of aircraft price they may have been right.
Better to put the cash in the market dip.
Hence my comment. Question is, when to jump in the pool. I'm all about dollar cost averaging...but...holding some cash to take advantage of obvious buying opportunities is wise. Is that time today, tomorrow, next week??? My crystal ball has never functioned well and I did not return it during the warranty period.oh it's dipping........
because crashing is so cliche'."dipping"... so that's the term... eh?
And a little hyperbolic (at this point at least) since the market it just back to where it was a few months ago.because crashing is so cliche'.
Seems like a standard issue market correction. But we’re in an election year, so it’s either being interpreted as the end of times or a nothingburger depending on your viewpoint.
OR the potential recession they’ve been predicting for several years now. Depending on your viewpoint or facts.
OR we already had a recession in 2022 (two consecutive quarters of declining GDP). Economists and politicians tend to be pretty loose and creative about what “recession” means.
Depending on your viewpoint or facts.
That is a symptom of enjoying flying or floating toys. I'll leave off the other option.They say money talks. Mine just seems to say “Goodbye.”
Nope, those are facts.
Sounds like no such "obvious" opportunities exist.I'm all about dollar cost averaging...but...holding some cash to take advantage of obvious buying opportunities is wise.
It's almost as if any knowledge you may have about the market is already priced in...I was going to be in the market for a 206H at the end of the year, but a push back on the recapitalization of a major investment has that delayed by at least 6 months. With a drop in interest rates if the Fed panics (prior to the election) that might be back on the table...if interest rates drop enough. However, low interest rates will likely prop up used GA aircraft prices. It never ends.....
That is a symptom of enjoying flying or floating toys. I'll leave off the other option.
OK...FOUR options... . The nice thing about planes is that they don't continue to burn avgas while in the hangar....unlike a horse. I thought high level road racing was expensive until I compared notes with a couple of friends that have thoroughbreds...YIKES!An equestrian spouse?
OK...FOUR options... . The nice thing about planes is that they don't continue to burn avgas while in the hangar....unlike a horse. I thought high level road racing was expensive until I compared notes with a couple of friends that have thoroughbreds...YIKES!
They say money talks. Mine just seems to say “Goodbye.”
Same. All house related. The plane has been good. I should probably sell the house and live in the plane.Mine’s ganging up yelling “c’ya” as it jumps in a getaway vehicle and peels out.
This has been a year of really unexpected expenses, and all of them have cropped up since the beginning of May.
Corn futures. You should buy corn futures.Cash may be king, but cash on the sidelines that could have been invested is never a good thing - unless you like losing 4% pa. Now that doesn't mean NASDAQ aligned stocks either. RE, yellow rocks (gold haha)/commodities, type ratings - all better investments than cash.
Plastics, the future is Plastics!Corn futures. You should buy corn futures.
Between taxes, power, and insurance cost my monthly expenses have gone up by almost $400.00. That doesn't account for increased food cost, gas, and entertainment expenses. Add to that you need to be setting aside more for repair/replacement cost of non aviation related expenses as well as adjust your budget for increasing annual cost and aircraft maintenance items. To add insult to injury because my company didn't meet profit expectations our raises were smaller than normal. So I am basically $800 per month poorer now at least than 1-2 years ago.
Corn futures. You should buy corn futures.
Your backyard?
Your backyard?
4 week t-bills have been paying a little over 5%. Not going to make you rich, but better than the mattress.Cash may be king, but cash on the sidelines that could have been invested is never a good thing - unless you like losing 4% pa. Now that doesn't mean NASDAQ aligned stocks either. RE, yellow rocks (gold haha)/commodities, type ratings - all better investments than cash.
My finance manager encouraging me to convert 20% of my securities portfolio into precious metals
I've been converting a lot of my hard earned gold into lead in copper containment vessels and throwing it away at paper with circles on it 600 and 1000yds away. About to fly up to Wisconsin and do the same for about 5 days near Lodi at the long range nationals. Hell, the price of nitrocellulose is worse than the projectiles these post COVID/Uncle Joe days.I converted a lot of my gold into lead almost 4 years ago...
The market has certainly made a turn but I feel we are still years out from a true return to normal. Airplanes are sitting on the market longer but seems most sellers would rather die in the grave they dug than get partially out. 5-10 years ago financing an old airplane was almost unheard of so many people are probably not able to sell for what the plane would normally be worth. People still quote new engine prices as justification for the value of their 30 year old engines or the fact they are unobtanium right now. If/When the supply ever rebounds will be the point when the used market properly adjust.