Fugawe
Well-known member
- Joined
- Dec 27, 2005
- Posts
- 228
An old airline Capt told me years ago to make sure you always have something on the side (for income/investments) -- wish I'd listened 10 yrs ago.
As the airline shakedown, draw-down, furloughing, etc began it's current cycle, many are scrambling for the 'something on the side'. Doesn't seem like a big deal to the 20-somethings with lots of earning years ahead of them, but it is for many others.
Guys/gals began doing all sorts of stuff: mortgage brokering, car sales, plane sales, auto-body repair (met a 777 CA who started a Dent-Master franchise), bounce houses, real estate broker, flipping, stock trading, etc, etc.
Tough to do some of these things if you fly a regular schedule. It's easier to do something you can do from almost anywhere with a phone and computer.
Also, the lower the start-up costs and investment, the easier it might be.
But...nothing that is free or cheap really works, and there is NO get-rich-quick plan.
A couple things I do know that work for many are:
http://optioneer.com/
--Fairly simple index option trading program. I've made over 30% annualized the past few years, and I'm very conservative. I've done over 50 trades, and lost on 2 of them. Knew nothing about this stuff before trading with them. It is NOT day trading. You trade your own money, using your broker. Optioneer is simply the info source to help you make trades.
http://waterfrontresortinvestments.com/
--Not flipping. Investing in waterfront (mostly) developments, holding for appreciation, then selling or leasing. Co has strong record. The 'bubble' has never crushed this type of investing.
I ain't selling anything -- you do what you want. If you're serious you'll find something that works for you. If you're not, you'll poo-poo most any idea that pops up and you'll flounder along for years whining about what shoulda/coulda been.
Fugawe
As the airline shakedown, draw-down, furloughing, etc began it's current cycle, many are scrambling for the 'something on the side'. Doesn't seem like a big deal to the 20-somethings with lots of earning years ahead of them, but it is for many others.
Guys/gals began doing all sorts of stuff: mortgage brokering, car sales, plane sales, auto-body repair (met a 777 CA who started a Dent-Master franchise), bounce houses, real estate broker, flipping, stock trading, etc, etc.
Tough to do some of these things if you fly a regular schedule. It's easier to do something you can do from almost anywhere with a phone and computer.
Also, the lower the start-up costs and investment, the easier it might be.
But...nothing that is free or cheap really works, and there is NO get-rich-quick plan.
A couple things I do know that work for many are:
http://optioneer.com/
--Fairly simple index option trading program. I've made over 30% annualized the past few years, and I'm very conservative. I've done over 50 trades, and lost on 2 of them. Knew nothing about this stuff before trading with them. It is NOT day trading. You trade your own money, using your broker. Optioneer is simply the info source to help you make trades.
http://waterfrontresortinvestments.com/
--Not flipping. Investing in waterfront (mostly) developments, holding for appreciation, then selling or leasing. Co has strong record. The 'bubble' has never crushed this type of investing.
I ain't selling anything -- you do what you want. If you're serious you'll find something that works for you. If you're not, you'll poo-poo most any idea that pops up and you'll flounder along for years whining about what shoulda/coulda been.
Fugawe
