acl65pilot

Fyp, most guys who do ALPA work that are not reps do not get trip drops, do our ALPA work on our off time and still fly to ALV+15 on reserve. I have broken guarantee almost every month for the last year sitting on reserve, and not gotten on trip drop. Those that do are doing Committee work or National work in an area that has the funds.

It is a misnomer to think that most guys are dropping trips to do ALPA work.

hoserpilot

dal88,

I started with just 50 grand to test the waters and learn about options. Works quite well with FO pay!!

Stagger Lee,

I hope all my stocks get called away every single month. That way I make money on the call and a bit more on the sale of the stock. I'm not looking for giant gains where you buy low and sell high. I'm looking for consistency.

DAL 88 Driver

Sigh...

That's not the objective of this method. Yes, it is designed so that you never sell stock for a loss. But it is NOT designed to make much on the sale of the stock when you do sell it. You do generally make some capital appreciation. But the vast majority of the return comes from the cash flow that is generated while you own the stock. Have I mentioned that is the objective?

Yes, the method screens for stocks that are good candidates for generating cash flow and are not likely to go bankrupt. There is no attempt being made to predict whether a stock is going to go up or down over any particular time frame.

Maybe we need to get our own thread to discuss this over in the "Money" section?

DAL 88 Driver

Glad to know it's working well for you, hoser. You mean you don't lay awake at night worrying about what would happen if you left your account up on your computer, and the cat walked across the keyboard and accidentally sold your stock at the wrong time?

Doug Masters

Dude, that low carb thing is messing with your brain...

Boomer

DeadHead for the Win!

(Winning!!!?)

Grumble

One of thousands of reasons to not have a cat.

hockeypilot44

What is cash flow while you own the stock? Dividends? So buy good stocks with dividends? Got it.

In all seriousness, I know nothing about investing. I just ragging on this method a little bit. $2500 seems like a lot for a two day workshop. It really does seem like one of those TV ads.

On a different note, I had a friend give me a bottle of Mona Vie. That stuff tastes horrible. I would rather drink 2 oz of scotch twice a day. According to wikipedia, the health benefits might be about the same.

Ed Harley

I think the fact that you followers have spent 5 pages and 10 hours defending the "Snider Method" confirms to me that it's all BS. If I learned the holy Grail to investing (that cost me $2500 to obtain) I certainly wouldn't be trying to sell people on it. I'd quietly be sitting back and watching myself get rich.

I'll stick to the old fashion - Warren Buffet method of investing, I.e., P/E ratio and lots and lots of research.

DAL 88 Driver

Nope. You haven't "got it." If you care to read back over all the posts on this subject today, you should be able to get a better idea about how it works. I don't want to waste everyone else's time with it at this point.


I understand. Everyone should analyze things with somewhat of a skeptical eye. As pilots, I think this is our nature and part of what keeps us safe. $2500 is a lot of money. I wouldn't recommend that anyone spend that much money to take an investment class unless they had really done their homework on it. But just to put it in perspective... $2500 is less than one month's yield in my DPSP/401k. And I don't pay anybody to manage my accounts. I pay commissions to Fidelity on the trades... which are minimal in the grand scheme of things because I only trade one day per month and it's not a huge number of trades. I pay $30 to Snider Advisors in months that I use their stock screener to open new positions (I find that I'm paying this most months but not every month). And $10 to be a client of Snider Advisors and have their customer support (which I can count on one hand the number of times I've needed in 6 years). Other than that, there are no costs... anything I get is all gravy. I consider that $2500 the best investment I have ever made. But that's just what I have determined for myself. I'm not trying to tell you what to think. I really didn't even mean to get dragged into this long of a discussion on the topic (partially my own fault for trying to be helpful).

The Snider Method is not a scam. I am confident of that. But if you think it is, then don't worry your pretty little head about it... cause you don't have to do it!