Help with buying a used plane

[YYZSaabGuy]

Good rant there YYZ!
Med's forgot again, apparently.....

So, you're going to bark, right? Got it.
But you still haven't answered my question: are you a charlatan, or a fool?
And just to help you out, it's meds, not med's. Learn to distinguish between plural and possessive, mkay then?

Calm down YYZ. Take a Xanax, but well before that next leg to Sudbury.

I wasn't even talking to you, just razzing the financial advisor community who can't read economic data if their life depended on it. Ritholtz is just the poster child, their firm was on TV talking inflation and it was a bizarre collection of doublespeak and denial to Zanax their client base.
Anyway -- Nothing personal.

Next leg to Sudbury - what are you on about now?

And listen, Rookie, don't worry your pretty little head: there is absolutely nothing you can post that I would take personally. Or seriously, for that matter. The fact that you didn't understand Ritholtz's discussion confirms that you really don't know what the hell you're talking about most of the time. Suggest you go back to your day-trading and leave the important stuff to the adults in the room.

Endorse!

[rookiepilot]

So, you're going to bark, right? Got it.
But you still haven't answered my question: are you a charlatan, or a fool?
And just to help you out, it's meds, not med's. Learn to distinguish between plural and possessive, mkay then?

Calm down YYZ. Take a Xanax, but well before that next leg to Sudbury.

I wasn't even talking to you, just razzing the financial advisor community who can't read economic data if their life depended on it. Ritholtz is just the poster child, their firm was on TV talking inflation and it was a bizarre collection of doublespeak and denial to Zanax their client base.
Anyway -- Nothing personal.

Next leg to Sudbury - what are you on about now?

And listen, Rookie, don't worry your pretty little head: there is absolutely nothing you can post that I would take personally. Or seriously, for that matter. The fact that you didn't understand Ritholtz's discussion confirms that you really don't know what the hell you're talking about most of the time.

You sure like to defend him. It's all good, YYZ. Don't be ashamed of being his Fanboy. Be proud!

You certainly wouldn't be the first person who risks their hard earned dough after an entertaining 2 minute segment on CNBC, being your sum total of research. Sounds like those sound bites are about your intellect level.

You should get your money back for that fancy formal education that allows you to only understand CNBC.

Of course, you probably then spend 20 minutes driving across town to save 10 cents a litre on gas. I'm sure the irony is lost.

I can do this all day, too. I didn't target you in my post.

Stop digging.

Oh, and if you're going to "bark" at me like some sort of expert you claim to be, try starting by defining both these terms AND how to apply them -- cause I do.

Phillips Curve
Option Theta
Backwardation and Contango
Asset Apha , Beta and Delta
Risk Parity Models
Yield Curve Slopes, and what they mean.
Trade Deficit, Budget Deficit, and how they interrelate.
Asset correlations
Bond Auction terminology in depth, directs, indirects, Ect.

Just a few. And I didn't finish college, LOL.

You're way, way over your head.

[YYZSaabGuy]

Oh, and if you're going to "bark" at me like some sort of expert you claim to be, try starting by defining both these terms AND how to apply them -- cause I do.

Phillips Curve
Option Theta
Backwardation and Contango
Asset Apha , Beta and Delta
Risk Parity Models
Yield Curve Slopes, and what they mean.
Trade Deficit, Budget Deficit, and how they interrelate.
Asset correlations
Bond Auction terminology in depth, directs, indirects, Ect.

Just a few. And I didn't finish college, LOL.

You're way, way over your head.

*Slow clap* Well, that's just wonderful, Rookie - you've proven you can run a Google search all by yourself - congrats!

You seem like a classic case of ego unburdened by competence or the ability to think critically, so here's another source to help continue your education: https://www.investopedia.com. As was pointed out on the "Private Jets & Covid rules" thread, you've got a lot to learn.

BTW, it's "Alpha", not "Apha", but you're a smart little investor, so you probably knew that, right? Now run along and tune in CNBC for your daily soap opera - I understand Cramer has a particularly exciting show coming up a bit later today. Perhaps you can Tweet a critical review to your "community"?

[rookiepilot]

As I pointed out last time you and I got into this: nobody knows whether inflation is or is not going to persist over the next several quarters. You have your view, I have mine,

YYZ:

I suggest you educate all of us here on this forum, from your own so-called extensive knowledge base on this subject. Help the community out, on such an important topic for everyone's financial future.

If you can.

[YYZSaabGuy]

YYZ:

I suggest you educate all of us here on this forum, from your own so-called extensive knowledge base on this subject. Help the community out, on such an important topic for everyone's financial future.

If you can.

Rookie:

I don't mean to trigger you and prompt you to go crying to the mods again, but you in particular might find this useful: https://mystockmarketbasics.com/investi ... ing-money/.

You're welcome.

Endorse!

[rookiepilot]

YYZ:

I suggest you educate all of us here on this forum, from your own so-called extensive knowledge base on this subject. Help the community out, on such an important topic for everyone's financial future.

If you can.

Rookie:

I don't mean to trigger you and prompt you to go crying to the mods again, but you in particular might find this useful: https://mystockmarketbasics.com/investi ... ing-money/.

You're welcome.

Endorse!

About the answer I expected.

As I said, you're way, way over your head.

Arrogant guys like you, the absolute fool at the table, uninterested in actually learning anything, are a dime a dozen, and the kind of people professionals love to see and happily take their money. I love guys like you on the other side.

When you agree with me, Josh and Barry too, it will be over and time to change gears.

Very sad, but nothing new, unfortunately.

Enjoy being Barry's fanboy.

And in case you cry to the Mods, which I expect again -- remember I didn't even reference you on this thread whatsoever -- I responded. You're the one whose gone all hysterical when I make fun of the financial advisor community. Chill out. Go play flight sim.

[YYZSaabGuy]

And in case you cry to the Mods, which I expect again -- remember I didn't even reference you on this thread whatsoever -- I responded. You're the one whose gone all hysterical when I make fun of the financial advisor community. Chill out. Go play flight sim.

*Chuckle*………..nice try, but I think we both know that running to the mods when the going gets tough is a Rookie tactic – recall your little panic attack/meltdown during our February discussion?

This is Av Canada. Opinions on a wide variety of subjects are expressed by many on a daily basis.

What you are doing sir is personal abuse, attacking not only my views, but who I am as an individual. It's abusive, right here, right now, and it's now been reported to the Mods.

Too bad you forgot to go back and scrub the record this time around, huh?

BTW, it's disingenuous (look it up) to claim that your posts weren't directed at me. If you do a search on this site, the only time Ritholtz has come up for discussion - as you well know - is when I quoted him. I'll try and explain this again: I don't necessarily agree with Ritholtz, or his team, on this issue - I was merely trying to point out that there are other points of view and that perhaps your own little Tweeted (sadly, no, you have not succeeded in blocking me, just FYI) nuggets of wisdom aren't necessarily the be-all and end-all. But you already knew that, right?

In the meantime, since you've demonstrated a complete inability to study your craft and learn about other investing perspectives, these might just help with your ongoing personal development campaign (which seems, frankly, to be lagging):
https://www.reddit.com/r/AskReddit/comm ... ebag_from/
https://www.facebook.com/socialmediadouchebag/
https://thoughtcatalog.com/bella-brenna ... ial-media/.

We'll be expecting a review imminently!

And, as you love to say: Endorse!

[rookiepilot]

YYZ, I absolutely LOVE that guys like you exist, on the other side.

Have a truly fantastic day.

[YYZSaabGuy]

YYZ, I absolutely LOVE that guys like you exist, on the other side.

Have a truly fantastic day.

You too, Rookie!

[RedAndWhiteBaron]

Wow. Just read the last page of this thread. What the @#$! does any of this have to do with buying a used plane?

[photofly]

Minutes you'll never have again.

[rookiepilot]

How's this as advice:

Wait, if the OP doesn't like the prices, cause oil is likely to crack over $100. Maybe much, much higher. Think ATH's for AvGas, and car gas, too.

For that, and other reasons, I think the day is coming we will be swimming in quality GA aircraft to choose from.

[rigpiggy]

A way around this is, have it written in the sales contract, that the buyer will have an annual/100 hr within 90 days, buyer pays for the annual, seller is responsible for any snags uncovered

[digits_]

A way around this is, have it written in the sales contract, that the buyer will have an annual/100 hr within 90 days, buyer pays for the annual, seller is responsible for any snags uncovered

Good luck with that...

[photofly]

Right. You'd have to be freakin' desperate to sell to agree to anything even remotely similar to some open-ended liability like that. Might as well gift the aircraft to the new owner.

[PilotDAR]

buyer pays for the annual, seller is responsible for any snags uncovered

I have heard of this - once, just once! Seller paid for about $25k in snags. The sale price had been $60k. I know, 'cause I flew the maintenance check flight...

Don't expect a seller to ever agree to anything like that. Honestly, if I were a seller, and going to put out that much on snags, I'd probably rather keep the plane for a while, and enjoy it! Your really good PPI, and agreed price based upon that information, will be the most you can hope for...

[rookiepilot]

It might be a good idea if you got out of your little Robinhood Bro day trading bubble, spent less time bloviating on Twitter.

I'll comment on this point for the benefit of anyone in the pilot community that chooses to follow what I write on Twitter, or others who post there, to become more empowered financially.

I don't have any, nor want clients -- I write as an public journal of my thinking, and to give back, much as many do here. As far as I know, you have zero interest in my twitter posts, so you shouldn't care what I write.

For the record, I don't day trade, don't advocate day trading, and have zero interest how Robinhood works.

I spend a considerable amount of time discouraging others from pursuing any kind of get rich quick schemes, of which there is no shortage today. Most will end in tears, and many are promoted by the financial advisor community. Many of them should lose their licenses, but won't.

I advocate sound value investing, and write about successful principles supporting this.

It's going to get harder, not easier to manage financially. People will need to be doing their own homework.

That's it.

[redlaser]

Don't buy a Boeing MAX aircraft.