Airline stocks

MQAAord said:
We've got some pretty TWA stock we're going to have framed for posterities sake........... It's red ink on a white background with a lovely watermark, a real work of art.

Too bad its only value is how nice it'll look on our office wall. Kind of like Bill's TWA uniforms.
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I know the feeling!!!
 
From someone who invests from time to time, don't start with an airline stock. First, find a reputable broker or finacial advisor. If you have a CPA, ask them for advice. My first stock purchase was in a mutual fund, much easier for a newbie to the market. Also, begin researching on the web, as well as reading the WSJ as well as my personal favorite financial magazine, "Money." Second, you need to decide if you are going to use this money for retirement or just as a learning experience. Third, most financial planners, etc. will advise you to have 3-6 months of your monthly income saved up for "hard times" or "unexpected expenses" before investing. Ok, just my 2 cents worth, hope it helps.
 
Officer448 said:
From someone who invests from time to time, don't start with an airline stock. First, find a reputable broker or finacial advisor. If you have a CPA, ask them for advice. My first stock purchase was in a mutual fund, much easier for a newbie to the market. Also, begin researching on the web, as well as reading the WSJ as well as my personal favorite financial magazine, "Money." Second, you need to decide if you are going to use this money for retirement or just as a learning experience. Third, most financial planners, etc. will advise you to have 3-6 months of your monthly income saved up for "hard times" or "unexpected expenses" before investing. Ok, just my 2 cents worth, hope it helps.
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Why waste time with a broker (kind of an ironic name, huh?) or a financial advisor. Go to your local library and use your taxes to your advantage. There is a whole college eduacation in those buildings, open some books and start reading!!!
 
That's the best advice i've heard all day... if you want to make a fortune, you've got to know what the hell your doing and don't take short term risks...go for the long term.. mutual funds!
 
Let me recommend a couple of financial website for you. Check out Morningstar. They've got a learning series, where you accrue points to buy their merchandise. You can learn a hell of a lot from them.

And your first investment, if you're going to do a do it and forget about it, is to buy an S&P 500 index fund and forget about it. Forget about the day to day fluctuations in the market, and remember, there has NEVER in the history of America been a five year period where the S&P 500 has lost money.
 
tonyw said:
Let me recommend a couple of financial website for you. Check out Morningstar. They've got a learning series, where you accrue points to buy their merchandise. You can learn a hell of a lot from them.

And your first investment, if you're going to do a do it and forget about it, is to buy an S&P 500 index fund and forget about it. Forget about the day to day fluctuations in the market, and remember, there has NEVER in the history of America been a five year period where the S&P 500 has lost money.
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Yep, buy a SPIDER and forget. Remember Ron Popeil..."Set it and forget it." The S&P 500 has an average annual return of 11%, so forget about the daily fluctuations. On another note, has anyone noticed American airlines stock has doubled in the past year?
 
Be careful with that 11% figure, It's totally "massaged." It's kind of like saying all airline pilots make great money, like $169,000 a year! It ends up more likely around the 8-9% mark, which in my book is just great, but everything is on an individual basis, tax brackets, etc..

Oh, an check out Jim Cramer's Mad money. The guy is a nutball but if you listen to the concepts and not the specific stocks he's promoting, you'll learn a lot in a short period of time.
 
buffalopilot said:
I am thinking of investing in airline stocks but am not too saavy on the whole stock thing so I am looking for information. ANy help would be excellent!
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Pick up a copy of Dave Ramsey's Total Money Makeover at Barnes & Nobles. Then go attend one of his live events. It will change your financial life forever. Until I caught onto Dave's advice...I didn't have a clue of how to run my financial life...even though I was doing what all the "pro" financial planners want you to do. If you can catch onto his advice in your twenties...you will be a very wealthy person someday.

Oh yea...and you will never purchase a single share of stock in your life.
 
The television "experts" are getting more people burned than anythign else. Especially that dork who screams at the top of his lungs.

I'm also a Ramsey fan as well. I tried to explain the "debt snowball" to our financial advisor and it threw her for a spin. Didn't understand the psychological factor behind the concept, but she's pretty good in other aspects.
 
Doug Taylor said:
The television "experts" are getting more people burned than anythign else. Especially that dork who screams at the top of his lungs.

I'm also a Ramsey fan as well. I tried to explain the "debt snowball" to our financial advisor and it threw her for a spin. Didn't understand the psychological factor behind the concept, but she's pretty good in other aspects.
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Glad to hear. The average American is so overextended in debt...they will never catch up. For example...you should never mortgage a house for more than 15 years...maximum. But you say that instead of buying a $200,000 house you can only afford a $125,000 house. Yes...that's right...that's what you can afford...and the maximum home you should be living in. Not only will that $200K home cost you over $300k in extra interest expense...but the opportunity cost of lost savings and interest income over the 15 years can be in the millions of dollars. So after 30 years...the person with a mortgage has his house paid off. The person with the 15 year mortgage has his house paid off plus several million dollars in savings.

If you're in your twenties...do the math. Buy a home that you will have paid off by the time your 40. Then calculate (at a very reasonable 6% rate of return) your savings...if from age 40 to 65 you only paid yourself your old mortgage payment every month. It should be very motivating for you.

The smartest people I know live like this. When I see a middle class family living in a McMansion...I question their financial intelligence. They are making their mortgage banker rich...not themselves.

Everyone's "dream home" that they have to have is killing their wealth building potential...especially with all the fancy financing available today. It's really frustrating to watch.

Sorry for the rant.

Good job, Doug.
 
For example.

If you saved $1000 per month from age 25 to 65.....it would be worth about $12 million in savings (6% interest)!!! If you're in your twenties right now...look at what you can do for yourself!

....from age 30 to 65....$8million.

40 to 65....$2Million.

Almost everyone on this website has the capability to save like this given the appropriate fiscal discipline and judgment. That's why I try to get the word out. You won't have the big house and car that your friends do...but then again...they can't afford what they have.

Don't listen to the "television" pros. Stay out of debt...save...and go get rich.
 
All these posts and it took me this long to remember... So let's pretend this was like 60 posts earlier....:


Dude, I've got an idea!

You need to talk to the guy who put Warren Buffett to shame! He gets 20-8000% returns DAILY!

:)
 
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