I told ya
 

Said a week or so ago, cash in your p-fund- the markets, and your equity linked fund -are going down the tube- and it started in earnest agian just 2 weeks ago.
Don't come crying in two years and say-"no one saw this coming"

:ugh::sad::sad::sad:

Who's going to win the Super Bowl?
I have bets to place.

Brilliant. Was your previous "Cash out now" post not obvious enough. We get the point - the financial world is about to end. Again. Thanks!

Go play on a financial forum or something please.

Gutsiest move I ever saw Mav.
 

Dammit.... You were right!!!

If only my time-share owning, diamond-wearing, gold-plated, garlic-fed ostriches wearing alpaca wool-knit jerseys whilst hoarding Charles & Diana wedding commemorative plates & sipping collectors' single-malt whiskeys in Olive-groves had paid out as I'd expected them to. :uhoh:

Oh well, back to two-minute noodles for me. I suppose I better start reading Crews News for such super-economic tips as: "How to Survive on a measly $5+ Million HKD per year for 17 years without needing foodstamps". :}

BUY BUY BUY BUY BUY BUY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ALWAYS BBBBUUUUUUYYYYYYY!!!!!!!
(This financial advice is based on Boxjockey's opinion only. Previous results do not guarantee future returns. Yada yada yada, blah blah blah, etc.)

box

So I took your advice and sold everything and the Dow went up 120 last night. :{

Note to self, always always financially do the opposite to what a pilot tells you to do...............

Yesterday I invested in a large bar of chocolate and overnight it shrunk by 75%, at this rate there will be nothing left by tomorrow.

Switch to falafel-related bonds.
 

Jesus Christ, not you too??

I bought a 250gm packet of Doritos the other day and now I'm down 50%.

That's it, time to get out of confectionery all-together and switch to fast foods. I predict BIG returns in kebabs this coming weekend. At least, whenever I invest in them after a big night out in the Wanch they always seem to return my investment... with interest!! :ooh:

Anyone capable of predicting the market surely wouldn't be flying airplanes for a living. Nor would they have time to post on PPRuNe.

Want some real advice? Don't listen to pilots when it comes to finance. We're blue collared wage earners who like to play big fish in small ponds.

Anyone dumb enough to cash in everything at the "advice" of PPRunE shouldn't even be allowed to manage their own affairs, never mind making decisions that actually affect the safety of others.

You win "best post on this thread" award. Thread closed.....

box

This is irrelevant. Did you post just so you could gloat?

Anyone dumb enough to believe anyone would be dumb enough to alter their entire pension fund based upon Pprune.....................

But while on topic, who has made the worst financial decisions and lost the most money. Didn't a few invest most of their P Fund in some dodgy film company promising 40% PA returns and lose around $2m Oz each a few years back.

For a B scaler that appears to be a lot of money.

On a scale of a-z.
that was, and is, a lot of money....:ugh:

Looks like Monster 330 was right. Look at the stocks today, HSI below 20,000, DJIA below 10,000, the only way is DOWN! :hmm:

I was given a video to watch by one of the guys I flew with the other day, called: "The Money Masters" (on You Tube and Google Videos). I tried to post the link earlier but for some reason the forum supervisor decided not to post my link.?
Anyway, if you watched the Gerald Celente video just now and found it interesting, then "The Money Masters" would be worth watching for some really good background information.
I agree with the stuff being posted by EXEZY and Monster330. You still have the chance to get your money out of the equity/ bond funds in the P-fund and put it into cash (USD for now).
Any private investments (outside of CX P-fund) that you may have - see if you can find some good hedging possibilities. There are some good short-funds, and double-short funds out there (ETF's) mostly all traded in the USA, so worth opening a US stock-trading account if you don't have one already. Protect your cash as they say assets in all classes will be declining this year. GOOD LUCK!

Whatever happened to dollar cost averaging and asset allocation, along with the other basics of investing?

Cedar Tree
 

Cedar, in a bull market dollar cost averaging can be an effective strategy for the longer term buy-n-hold position. In a long term bear market (now) this won't work- timing is the key, and being nimble.

In this next wave down of deflation, ALL assets will fall heavily in NOMINAL value- cash will appreciate relative to all asset classes. Of course some asset classes will fall quicker &/or harder than others giving the impression of outperformance- but don't be fooled by this.

For the foreseeable future cash is the way to go above any asset class.

Ultimately fiat currency probably will die a death, but that is some way off.
What is happening now is another destructive wave of real wealth by way of falling asset prices- particularly equities- particularly so in the US, but it will be worldwide.
Chee:)rs

Some say buy, some say sell, some say its time we go to hell...

...Who is right, who is wrong, who has got no knickers on..?

The best description of the dog-eat-dog financial adviser/broker world is, that they are just a bunch of talking heads...everybody has an arsehole and likewise, everybody has an opinion.

So, what to do?

You couldn't fly an airliner until such time as you had the training and experience to do so.

Likewise, you can't successfully invest until such time as you have appropriate personal training and experience to do so.

The only person you can trust with your money is yourself...everyone else is trying to put their hands into your pockets.

Successful investing is a science, an art and a philosophy. An understanding of risk vs reward forms the basis of the science. Acting on that analysis is the art. Philosophy is the part where you grit your teeth, ignore the mindless masses of lemmings jumping off the cliff and maintain your strategy over the long run.

The antithesis of investing is gambling, where the risks are high to extreme or even worse, completely unknown (or not understood) to the punter.

Someone said:
This is an interesting observation. Airline pilots have to make critical decision after critical decision from the pre-flight planning stage throughout the entire operation until a safe shutdown at the destination. Even a small error in any of these decisions may lead to a catastrophic accident with commensurate loss of life and property. So we become extremely expert at making the correct decisions and these decisions are thoroughly cross-checked by our crew-members to guarantee a safe outcome.

So how come we are so good at making these critical aircraft operational decisions, and yet at the same time we are seemingly so ill-equipped to make sane investing decisions?

I speculate that there are a number of reasons:

1. A flight is a journey into a rolling continuous decision making process that progresses from decision to decision. Each decision made and executed cannot be undone and the next decision will necessarily take that outcome into account to define the next set of options from which the following decision will be taken and acted upon.

2. The end result of a flight operation involves a time period ranging from say 90 minutes to say, 20 hours.

3. The end of a successful investing operation is years and years and years...

3. At the end of a successful flight operation, all factors and outcomes are RESET to ZERO.

4. In real life investing, at the end of any defined period, all factors and outcomes are NEVER RESET to ZERO.

The difference in risk assessment, decision making and task execution between a successful flight operation and a successful investment operation are therefore poles apart.

You must learn about investing and you must advise yourself on what investments you should make.

Trust nobody but yourself with your own money!