19 of 77
Active member
Economics/Risk Management
Economics/Risk Management
What does a Masters degree in Economics say? Absolutely nothing at all IMHO. Most Economists got it wrong. If you listened to the so called "Experts" on CNBC and Bloomberg you'd have lost 50-70% of your investments last year.
The "Experts" and the "Financial Wizards" caused these problems in the first place.
I agree about being careful about accepting advice. There is plenty of information available on the Internet to allow people to educate themselves - too bad very few have done so.
I wish I could be more positive. However I have been doing a great deal of research into what is going on and what is most likely to happen. There have been plenty of "WTF? moments" - believe me.
This has developed into a hobby - I spend at least 4 hours every day reading through various financial blogs. I like to know what's going on.
Knowledge = Power
Seems like a smart move to prepare for the worst then doesn't it? Unfortunately very few people are doing anything at all.
If the banks don't have your money then why keep your money in a bank? The day is coming when the banks will close altogether or limit withdrawals - they came within 3 hours of this scenario in the UK in October. Don't think this can happen to your bank? Guess again!
"garant staan"?? With what? Governments have used up all their financial "bullets" in a futile effort to prop up a system that is broken beyond repair. This is nothing more than an attempt to convince people everything is OK.
Enough Economics - back to the topic.
I've been flying since 1983 and I've been hearing about "Pilot Shortages" even before that.
For the record:- There never has been and never will be a "Pilot Shortage"
From time to time there may be a shortage of experienced Type rated Captains (and First Officers) but there will never be a shortage of guys with a fresh licence and 300TT.
It will always be difficult to get into this business - there are no guarantees.
A lot of people on this thread are saying the same thing in various ways:-
It's all about Risk Management
I'm really shocked at the attitudes displayed towards borrowing €150,000 like it's nothing. For me:-
€150,000 is more than what I paid for my house.
As a loan €150,000 would take me 3 years to pay back on my current salary by putting my entire monthly savings towards paying this off.
A quick calculation indicates that working in Holland on what I was earning at DutchBird would require 6 years + to pay off this loan again using my entire monthly savings.
First jobs pay a great deal less than what I'm earning so anyone doing this is taking on a serious financial commitment. More than likely you can add the cost of a Type Rating to this amount (€30,000 seems to be the going rate at the moment).
I'm not saying "don't do it" as I understand people's desire to "chase their dream" I would caution people to think very carefully about whether this dream is still realistic/achievable in todays World.
Whatever you decide do not end up in a position that you cannot pay back what you have borrowed.
Sorry for the long post but there were some things I needed to say
Economics/Risk Management
:blabla: Daar zijn de experts weer!:stapelge:
Allemaal heel leuk en aardig die deskundige reacties hier, maar willen de mensen die naast hun ATPL nog een Master degree in Economics of Business Administration hebben hun hand opsteken? Ik vrees dat dat er weinig zijn hier......
Laten we eerlijk zijn; als de mensen die ervoor gestudeerd hebben het niet eens weten of durven te zeggen, wie zijn jullie (of ik) dan om te zeggen hoe deze recessie gaat verlopen. Oftewel; een hoog televaag borrelpraatgehalte...:blabla::blabla:
No offence, er worden hier vast goed bedoelde adviezen gegeven, maar ga er voorzichtig mee om...
What does a Masters degree in Economics say? Absolutely nothing at all IMHO. Most Economists got it wrong. If you listened to the so called "Experts" on CNBC and Bloomberg you'd have lost 50-70% of your investments last year.
The "Experts" and the "Financial Wizards" caused these problems in the first place.
I agree about being careful about accepting advice. There is plenty of information available on the Internet to allow people to educate themselves - too bad very few have done so.
Er hangt nog een ongekend groot vat vol met derivaten boven de markt die nog lang niet geleegd is. Dat is een feit. Wat de consequenties daarvan worden, nobody knows yet. Ik ben het wel met Mike eens. 19 van 77 is te zwartgallig. Hij leest veel te veel negatieve economische rapporten en gaat er teveel in op. Met goed recht hoor! Maar laten we hopen dat er een uitweg is die wat mild kan aflopen. Men is er druk mee bezig.
I wish I could be more positive. However I have been doing a great deal of research into what is going on and what is most likely to happen. There have been plenty of "WTF? moments" - believe me.
This has developed into a hobby - I spend at least 4 hours every day reading through various financial blogs. I like to know what's going on.
Knowledge = Power
Maar voor hoe lang nog? Ik weet niet of je enigszins het journaal hebt gevolgd, maar de hele huizenmarkt ligt op z'n gat omdat banken geen hypotheken meer verstrekken. Ook is in nagenoeg alle branches een afname van 'productie' (in welke vorm dan ook) waar te nemen en vallen er overal ontslagen.
Ondanks ik totaal niet van de PVDA ben is het toch wel enigszins goed wat Bos doet, het 'garant staan'. Als iedere Nederlander nu paniekerig naar de bank stapt om z'n volledige credit op te nemen hebben de banken echt wel een probleem (want ze hebben het geld niet).
Ondanks de ABN-AMRO (iig) nog leningen voor de KLS verstrekt en de EPST nog doorgaat met starten van klassen op dit moment wacht ik nog even, en ga "low-risk" HBO doen. Nog even 4 jaartjes lekker leven en de boel aankijken. Call me stupid (doe ik ook, want ik wil echt wel) maar nu beginnen aan een vliegopleiding is mijnsinziens emotie boven ratio (ipv versus). Doe je het wel, dan achteraf niet klagen - je was gewaarschuwd.
My 2 cents.
Seems like a smart move to prepare for the worst then doesn't it? Unfortunately very few people are doing anything at all.
If the banks don't have your money then why keep your money in a bank? The day is coming when the banks will close altogether or limit withdrawals - they came within 3 hours of this scenario in the UK in October. Don't think this can happen to your bank? Guess again!
"garant staan"?? With what? Governments have used up all their financial "bullets" in a futile effort to prop up a system that is broken beyond repair. This is nothing more than an attempt to convince people everything is OK.
Enough Economics - back to the topic.
I've been flying since 1983 and I've been hearing about "Pilot Shortages" even before that.
For the record:- There never has been and never will be a "Pilot Shortage"
From time to time there may be a shortage of experienced Type rated Captains (and First Officers) but there will never be a shortage of guys with a fresh licence and 300TT.
It will always be difficult to get into this business - there are no guarantees.
A lot of people on this thread are saying the same thing in various ways:-
It's all about Risk Management
I'm really shocked at the attitudes displayed towards borrowing €150,000 like it's nothing. For me:-
€150,000 is more than what I paid for my house.
As a loan €150,000 would take me 3 years to pay back on my current salary by putting my entire monthly savings towards paying this off.
A quick calculation indicates that working in Holland on what I was earning at DutchBird would require 6 years + to pay off this loan again using my entire monthly savings.
First jobs pay a great deal less than what I'm earning so anyone doing this is taking on a serious financial commitment. More than likely you can add the cost of a Type Rating to this amount (€30,000 seems to be the going rate at the moment).
I'm not saying "don't do it" as I understand people's desire to "chase their dream" I would caution people to think very carefully about whether this dream is still realistic/achievable in todays World.
Whatever you decide do not end up in a position that you cannot pay back what you have borrowed.
Sorry for the long post but there were some things I needed to say