The Pilot Investor

Biden unveiled a new tax proposal yesterday. But who's really affected by it and by how much?

https://reut.rs/3gLjkjNB

Biden to float historic tax increase on investment gains for the rich President Joe Biden will roll out a plan to raise taxes on the wealthiest Americans, including the largest-ever increase in levies on investment gains, to fund about $1 trillion in childcare, universal pre-kindergarten education and paid leave for workers, sources familiar with the proposal said.

Bitcoin and other cryptos are under scrutiny. Is this a good time to buy in if you've been waiting? Or the beginning of a fall in prices?

https://finance.yahoo.com/news/bitcoin-price-sunday-18-april-us-treasury-digital-assets-ethereum-litecoin-coinbase-doge-094926937.html

Bitcoin and crypto markets crash on US crackdown reports The drop appears to coincide with reports that the US Treasury is planning to tackle financial institutions for money laundering carried out through digital assets.

Cryptocurrencies are quickly mirroring the "dot-com" stocks in the late 1990s that led to the dot-com crash in 2000, where the Nasdaq lost 80% of its value.

https://cnb.cx/3aeuOrI

Dogecoin spikes 300% in a week, stoking fears of a cryptocurrency bubble Defying all odds, dogecoin is now worth $34 billion, and its price has risen by a whopping 300% in the last seven days.

Our friends at Aero Crew News and RAA make planning for retirement easier.

Changing equipment and seat can have a significant effect on your 401K years down the road. Check out the 401K calculator to see how these changes can affect your retirement.

RAA 401(k) Calculator See how different factors such as change in seat or equipment, early retirement, or furlough can impact your financial future.

It won't be long until a BTC ETF is created. Until then, there are alternative ETFs you can invest in.

https://on.mktw.net/325yGqq

A Bitcoin ETF Is Still in the Works. Here Are Your Options in the Meantime. Owning cryptocurrencies through a fund offers many advantages—though there are a lot of tradeoffs. These are your options, and the pros and cons you need to...

"The market is irrational."

What you think may cause a stock to go up or down doesn't always happen. Exhibit A: Alibaba (BABA)

https://yhoo.it/324x0gT

Alibaba shares jump after record antitrust fine by China Shares of Alibaba Group Holdings Ltd. surged more than 5% Monday in Hong Kong trading, after the e-commerce giant was fined a record $2.8 billion by China's antitrust regulator.

“It threatens fiat money, but it especially threatens the U.S. dollar.”

Will we see tighter governmental regulations on Bitcoin?

https://fortune.com/2021/04/07/peter-thiel-bitcoin-chinese-financial-weapon/

Peter Thiel suggests Bitcoin may be ‘a Chinese financial weapon against the U.S.’ The venture capitalist is 'pro-crypto' and 'pro-Bitcoin maximalist,' but has his worries.

The F.I.R.E. movement has gained popularity in different industries in the US.

With pilot pay being close to its highest levels ever, do you see a day where pilots retire in their 40s and 50s?

https://finance.yahoo.com/news/t-imagine-life-without-working-183154454.html

“I Can’t Imagine My Life Without Working”: Is Early Retirement Worth The Cost? The retirement fantasy used to look like this: It’s your 65th birthday, and you can finally kick back. You’re basking in the glow of your sunset years, thrilled at the idea of never having to work again. Head empty, no thoughts, just Mai Tais on the beach. It’s the ultimate, idyllic reward for...

This week, United sent out interview invites to pilots.

Is this a sign that hiring numbers will resume pre-COVID levels?

*Legend omitted for presentation purposes.For the full break down of airline hiring numbers: https://fapa.aero/hiring-all.asp

Meet Jesse Livermore, the person who shorted the Great Depression and pocketed $1B (in today's money) in profits.

https://traderlife.co.uk/series/great-trades-of-history/great-trades-history-livermore-short/

Great Trades of History: The Livermore Short

Each year you can expect to see two corrections (defined as a 10% drop in value) in the overall market. Here's why it's smart to weather the storm even in periods of uncertainty.

https://www.forbes.com/sites/jimwang/2020/03/06/6-reasons-why-market-timing-is-for-suckers/?sh=2324bd9749d8

6 Reasons Why Market Timing Is For Suckers Don't be tempted into thinking you can time the market. I explain six reasons why you should avoid the temptation.

Looking over the past 10 years, the Internet & Direct Marketing Industry has led all other industries with a whopping 1,300% return. Is this the safest industry to invest in looking ahead?

https://eresearch.fidelity.com/eresearch/markets_sectors/sectors/si_performance.jhtml?tab=siperformance

Sectors & Industries Overview - U.S. Sectors- Fidelity Research the performance of U.S. sectors & industries. Find the latest news, analysis reports and Fidelity insights on specific sectors or industries.

A look back at September 14, 2005-the day that four of the nation's six legacy carriers declared bankruptcy.

https://www.aerotime.aero/23050-day-4-american-carriers-bankrupt

The Day That 4 American Legacy Carriers Went Bankrupt The early 2000s were a very dark place for American aviation. 4 out of its largest 6 legacy carriers went bankrupt. This is the story of how it happened.

Has the momentum in the market died down?

https://finance.yahoo.com/news/sp500-earnings-estimates-revised-down-morning-brief-102657494.html

A critical driver of bull markets has stalled March ends this week, which means we'll get monthly economic reports showing just how much the U.S. economy rebounded following February's weather-driven slowdown and the ramp-up of COVID-19 vaccinations.

Flash from the Past!

Top Pan Am pilots in 1983 raked in $130,000, or the equivalent of $347,000 today. Do we make more now than we did in previous decades?

https://www.nytimes.com/1983/01/30/business/givebacks-cost-a-pan-am-captain-little-but-could-mean-a-lot-to-the-airline.html #:~:text=up%20too%20little.-,'',case%20the%20airline%20should%20fail.

GIVEBACKS COST A PAN AM CAPTAIN LITTLE, BUT COULD MEAN A LOT TO THE AIRLINE (Published 1983) AdvertisementContinue reading the main storySupported byContinue reading the main storyGIVEBACKS COST A PAN AM CAPTAIN LITTLE, BUT COULD MEAN A LOT TO THE AIRLINEBy Agis SalpukasJan. 30, 1983Credit...The New York Times ArchivesSee the article in its original context from January 30, 1983, Section 3,...

Is there a correction in the works in the real estate industry?

https://www.marketwatch.com/story/beware-home-buyers-a-record-number-of-homes-are-selling-above-their-asking-price-11616775541?mod=mw_latestnews&link=sfmw_fb&fbclid=IwAR2Iawa0lScj_fqv-hiJeK2NGTjZG9Ec4wafmnJ66g5XQMnBhrD-sTVzMGg

Beware, home buyers: A record number of homes are selling above their asking price 'When the pandemic is over, purchasing a home is going to cost much more than ever before,' one economist says.

Bitcoin (BTC) has steadily remained above the $50,000 mark. This past week, Tesla announced consumers can now buy its products with BTC.

Do you think more companies will follow suit?

https://www.cnbc.com/2021/03/24/elon-musk-says-people-can-now-buy-a-tesla-with-bitcoin.html

Elon Musk says people can now buy a Tesla with bitcoin Tesla CEO Elon Musk announced late Tuesday that it is now possible to buy Tesla vehicles in the U.S. with bitcoin.

Do you believe in Good Debt?

https://www.fool.com/the-ascent/personal-finance/articles/3-times-taking-on-debt-might-be-better-than-draining-your-savings/

3 Times Taking on Debt Might Be Better Than Draining Your Savings Debt can be expensive, but if you can get a low interest rate or a 0% APR offer, it can make sense sometimes.

What is the ROI on your career? Airline Pilots at #11 with a 13.75% ROI.
https://truecostblog.com/2008/12/28/career-rankings-by-roi-and-salary/

List of Highest Paying Professions. Do you agree?
https://www.bls.gov/ooh/highest-paying.htm

Which is better? 401K or IRAs?
https://www.schwab.com/resource-center/insights/content/saving-for-retirement-ira-vs-401-k

Should you max out your 401K?
https://www.nerdwallet.com/blog/investing/3-things-to-consider-before-maxing-out-your-401k/

You Should Max Out 401(k) Contributions, Right? Not So Fast Just because you can do something doesn’t mean you should, even for retirement contributions. See what to consider before you max out 401(k) contributions.

Why do Airline Pilots and Unions fight to never take an hourly pay cut, even if it could mean saving jobs?

"It can take up to 20 years for pilot pay to recover once a pay cut is taken." Even to this day, wide-body captain pay in the US lags 20/hr behind inflation-adjusted 1990s payscales.

Learn more: rb.gy/jbbqhb