SWAPA TA Failure and downgrades

[Tanker Clown]

Hey MILC17PILOT,

Looks like another SWA guy used the "F" Word. If you can pull your head out of the sand, you probably need to call DH2WN an "idiot" for not free basing the koolaid.

 

[firstthird]

This message is hidden because Tanker Clown is on your ignore list.

priceless.

 

[Tanker Clown]

DH2WN,

You mentioned these senior guys losing their money in the market. I gotta raise a flag on this. This may be a good excuse to hang around, but if you were pushing 60 what would your portfolio look like? Would you be heavily invested in stocks or would you be mostly in bonds and cash? Just an observation when I hear you guys talk about these older guys. Looks to me that it's a good excuse to hang around and milk the system. What would the excuse for a 60+ guy be if the market would have gone up 8% in 2008?

 

[Whine Lover]

....That he had just bought a new boat and really needed the market to have performed much better than 8%.


YKW

 

[FlyinGuy]

Most of them lost their shirts because they are stupid....They did not plan for retirement and now we have to pay their bill!

 

[Reebo]

I think that if you read the thread it is really only 2 or 3 guys that are out of step with the majority that voted the TA down. that is their right and if they had a pair they'd be over on one of the union specific websites/forums expounding their brilliance, instead they are here. also their right.

frankly, I think if we voted today it would be a larger no than it was. but we'll never know. the next TA will be different and we'll debate that when the time comes.

Once again the "spin" doctors are out



95 votes is a "majority" but not by much

 

[StopNTSing]

Considering it happened for the first time in the history of SWAPA and IN SPITE of a yes-recommendation from the Board of Directors, I think this indicates a tectonic shift in SWAPA's make up and it's significance cannot be overstated. This isn't Herb's airline (or association) anymore...

 

[Reebo]

Considering it happened for the first time in the history of SWAPA and IN SPITE of a yes-recommendation from the Board of Directors, I think this indicates a tectonic shift in SWAPA's make up and it's significance cannot be overstated. This isn't Herb's airline (or association) anymore...

Good point!!!!

 

[FlyinGuy]

"95 votes is a "majority" but not by much "

Is that like being a little pregnant?

 

[DH2WN]

DH2WN,

You mentioned these senior guys losing their money in the market. I gotta raise a flag on this. This may be a good excuse to hang around, but if you were pushing 60 what would your portfolio look like? Would you be heavily invested in stocks or would you be mostly in bonds and cash? Just an observation when I hear you guys talk about these older guys. Looks to me that it's a good excuse to hang around and milk the system. What would the excuse for a 60+ guy be if the market would have gone up 8% in 2008?

How many pilots do you know who understand what you just said? We have to many dumb senior guys who left their 401k in all stocks. Now we have to clean up their mess for another 5 years beyond what they expected to be working for.

 

[BE200drvr]

How many pilots do you know who understand what you just said? We have to many dumb senior guys who left their 401k in all stocks. Now we have to clean up their mess for another 5 years beyond what they expected to be working for.

This is true, however, now is the time to get out of bonds and get into foreign investments and gold/silver to preserve your wealth as the dollar plummets further. We are going to see different times ahead as the recession worsens and inflation and interest rates start skyrocketing.

Many senior fellas are financially unaware, but I impede the warning to get out of bonds because they are going to take a dump. With 11.5 trillion in debt and China holding the strings, its just a matter of time when our U.S treasury bonds don't look attractive to China, Japan, India, Russia or Brazil. ( the BRIC countries). Our bonds linked to the United States will be substantially lower in value.

Now is the time to preserve your wealth abroad in foreign countries that are not tied to the U.S. When we recover late in the next decade, that will be the time to re-invest in the US.

Take Care

 

[jonjuan]

This is true, however, now is the time to get out of bonds and get into foreign investments and gold/silver to preserve your wealth as the dollar plummets further. We are going to see different times ahead as the recession worsens and inflation and interest rates start skyrocketing.

Many senior fellas are financially unaware, but I impede the warning to get out of bonds because they are going to take a dump. With 11.5 trillion in debt and China holding the strings, its just a matter of time when our U.S treasury bonds don't look attractive to China, Japan, India, Russia or Brazil. ( the BRIC countries). Our bonds linked to the United States will be substantially lower in value.

Now is the time to preserve your wealth abroad in foreign countries that are not tied to the U.S. When we recover late in the next decade, that will be the time to re-invest in the US.

Take Care

Thanks, Dad. I suppose non of the senior pilots have professional money managers. They should just listen to your part time skillz instead?

 

[BE200drvr]

Thanks, Dad. I suppose non of the senior pilots have professional money managers. They should just listen to your part time skillz instead?

I believe most of the professional money managers are the same that lost 40% or more as the market has corrected to non-inflated levels. For instance, many professional managers I've spoke with don't know the difference between inflation and core inflation. Another warning, don't trust professional money managers trying to invest in US based investments.

I just make solid decisions based on realistic economic fundamentals. I'm just hoping others make good fundamental investment decisions to preserve their wealth when things turn for the worse. Take a good look at investing in gold and silver while they are low.

Take care,

 

[pilotyip]

Diversify

I Take a good look at investing in gold and silver while they are low.

Take care,

If you are thinking of gold, a suggestion, make sure it is only a small portion of your portfolio I believe gold is just too volatile to puts too many eggs in one basket. Source a UAL Captain I flew with in the reserves. He said the US economy is going tank big time in 1982, it had already tanked. He bought gold at $800/oz in 1982 dollars. Where has gold been since 1982?

 

[TV9Driver]

change of subject real quick...

I am a SWA poolie and I just had a birthday. I got a personally signed birthday card from everyone in the People Dept. That is pretty damn cool! The company that I work for now didn't even do that. Says alot about the people at SWA (and my current company)

Ok, back to TA talk....

 

[BE200drvr]

If you are thinking of gold, a suggestion, make sure it is only a small portion of your portfolio I believe gold is just too volatile to puts too many eggs in one basket. Source a UAL Captain I flew with in the reserves. He said the US economy is going tank big time in 1982, it had already tanked. He bought gold at $800/oz in 1982 dollars. Where has gold been since 1982?

You are absolutely correct, history shows that gold is volatile. Here's why I think gold is in the bull market. Gold is now gaining value against other world currencies and even the central bankers, including the federal reserve, bank of England, ECB, etc. have figured out that they've been creating inflation and debasing currencies. This will eventually sink in and people will find gold a safe place to be. People will also rediscover gold and there's already talk of replacing the world's reserve currency.

I think countries with troubled currencies will turn to gold, rather than stronger paper currencies. ie. Venezuela, Russia, Argentina, Mexico. This of course will be from lessons about to be learned from our very own United States and how we're currently diminishing the value of our dollar.

Central banks are becoming buyers instead of sellers and China has been slowly reducing the amount of dollars and buying gold with the debt we owe them. 11.5 trillion and counting, gaining 1 trillion a year.

Gold is a precious metal, which represents real effort to be mined, formed, and minted. It's known internationally as something that represents real value. What value does the dollar have? its a currency that is paper and as of 1971 is no longer backed by gold reserves.

My last point is at the peak of the market in 1920, the Dow was worth over 20 ounces of gold. In the later trough, the dow matched gold 1 to 1 ratio at 36 to 36$ an ounce. Ok still with me, in 2002 the Dow's difference to gold was a 44 to 1 ratio, which is absurd. If we were to repeat history and go back to a 1 to 1 ratio it would mean an ounce of gold would go from 900 an oz. to $8,000 an oz. Or, lets say the dow drops to 4,000. Gold would would be $3,000 higher than you bought it.

I'm not saying gold would go to a 1 to 1, but correct itself to a 3 to 1 ratio. It's happened before.

Take Care,

 

[BE200drvr]

change of subject real quick...

I am a SWA poolie and I just had a birthday. I got a personally signed birthday card from everyone in the People Dept. That is pretty damn cool! The company that I work for now didn't even do that. Says alot about the people at SWA (and my current company)

Ok, back to TA talk....

Last year I got a card from Gary, even though his secretary signed it, I thought the same thing. pretty damn cool. I love this place, but we need to protect our contract language in the scope, Codeshare, Merger departments to get you on here. I hope you get a class date sooner than later, but just stay prepared and do your best to enjoy life with family, friends.

 

[pilotyip]

Maybe?

I'm not saying gold would go to a 1 to 1, but correct itself to a 3 to 1 ratio. It's happened before.

Take Care,

Good points, But again make gold part of a diversified plan. I have about 5% in Vanguard Precious Metals Fund. Not all of the upside of Gold, but not all of the downside either. One of my best performers over the last three years Vanguard GMNA Fund.

 

[bmxandjets]

change of subject real quick...

I am a SWA poolie and I just had a birthday. I got a personally signed birthday card from everyone in the People Dept. That is pretty damn cool! The company that I work for now didn't even do that. Says alot about the people at SWA (and my current company)

Ok, back to TA talk....

that is very cool... nice to read something positive. happy birthday from one poolie to another.

 

[BE200drvr]

Good points, But again make gold part of a diversified plan. I have about 5% in Vanguard Precious Metals Fund. Not all of the upside of Gold, but not all of the downside either. One of my best performers over the last three years Vanguard GMNA Fund.

I like the vanguard precious metals fund, but be very careful with the GMNA fund. I would watch that one closely. I like your diversified thinking though.

Now lets get some good negotiations going on here at SWA and get a decent TA we can vote for and be happy with. I'm afraid of the hard times ahead.

Take Care,