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  #11  
Old 05-21-2022, 07:25 AM
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drill_and_buck drill_and_buck is offline
 
Join Date: Feb 2005
Location: Bridgewater, MA - KPYM
Posts: 499
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Quote:
Originally Posted by DanH View Post
Yep.

I was finishing my -8 when the markets were tanked circa 2008~2010. If I had taken that $100K and bought in, I'd have an extra $500K today, but lost a million worth of friends.
You have a knack for calling it Dan! It's time like these where you need to count your blessings and not your portfolio.
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Mike Draper
RV-8 N468RV
First Flight 11/13/2011
TMX0360, Dual Pmags, CS
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  #12  
Old 05-21-2022, 08:06 AM
painless painless is offline
 
Join Date: Jan 2005
Location: Peshtigo, Wisconsin
Posts: 812
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Some people gain satisfaction from managing a portfolio, then there are people like us that acquire that satisfaction from creating, and enjoying something.
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Jeff Orear
RV6A N782P
Peshtigo, WI
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  #13  
Old 05-21-2022, 09:33 AM
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Roadjunkie1 Roadjunkie1 is offline
 
Join Date: Jun 2017
Location: Erie, Colorado
Posts: 208
Default A Gift of Wings....if I may borrow from Richard....

I've been at this Aviation Thing for a long time. Since I was 15 but I think it started way before that. In earnest when I was out on my own at age 20. I knew I would have an airplane at some juncture in time but that seemed far in the future when I started earning my private ticket. My amazing instructor at the time told me 'If you want to learn how to fly, you have to buy an airplane' which garnered a few chuckles from me. Some day, for sure...but at age 20? We got to looking around and found two J-3 Cubs for sale, one with 10 year cotton fabric and 90 hours on an overhaul. I postponed college to buy that airplane never thinking of it as an 'investment': it was that airplane that was going to teach me how to FLY! And it did! Larry said I could trade it up to a Super Cub one day if I wanted. That same J-3 is still in my hangar (with a few upgrades) 50 years after I bought it. Investment? Yes: it was an investment in my flying future. Who could have guessed it would become an iconic airplane!

I had always wanted to build my own airplane. I visited Mojave in the early '80's and, of course, fell in love with the airplanes I was amazed with that were sitting in Burt Rutan's hangar. He was there and answered any questions I had. I soon after bought plans for the Long Eze. Life intervened, and I was not to the point of building until about 10 years later and, by then, a lot of new designs were coming out. There was an amazing "new" design by a designer in Oregon called the Van's RV-4. Now THAT was an airplane I could build: Tandem (which I was raised on) and tail wheel. And good old aluminum construction! The tail section arrived soon after, and construction started in my single car garage. After 6.5 years of building, my first flight was November of 1997 and even with a few major life happenings, has accumulated over 1100 hours. I never thought of it as an 'investment'. It is an amazing airplane to fly and we have had so many adventures together. I guess one could say it was an 'investment' in my aviation future as well. So: I have the best of both worlds: low and slow with the door open and can land anywhere; fast and amazing, aerobatic, that can land nearly anywhere and get there in a hurry. And looks amazing on the ramp!

And Aviation has introduced me to some amazing people as well. I'm not ashamed to say most of the people I associate with are pilots. And this will be my 34th year volunteering at OSH. I'll probably fly the Cub out as my pilot S.O. will be flying out with a friend in her straight-tail Cessna 150 along with a Super Cub.

Investment? Yes: aviation has made my life ever so much richer for reasons people who don't fly or own their own airplane might never understand. I pity them......
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RV-4 2860 SuzieQ
1946 C-90-8 J-3 Cub
The adventure begins when things stop going as planned - Glen Heggstad
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  #14  
Old 05-21-2022, 09:56 AM
Paul 5r4 Paul 5r4 is offline
 
Join Date: Oct 2006
Location: Foley, Al
Posts: 685
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Gosh!... What a timely thread. I'm only human and Gods been very good to me but... I struggle, (and pray), daily with trying to remain positive. Just reading each of the posts has lifted my spirits this morning. Thanks to each one for their inspiring words. Like someone already mentioned and my father always said, "Today is not forever and this too shall pass."
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Foley, Alabama
N729PG..... 500+ hrs
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  #15  
Old 05-21-2022, 10:36 AM
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Ironflight Ironflight is offline
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Join Date: Jan 2005
Location: Dayton, NV
Posts: 13,034
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I try every day to remember that my ancestors a couple generations back moved through dense forest in northern Minnesota with EVERYTHING they owned contained in a single wooden chest - and survived winters as they carved out a few fields in the snow and mud.

Today, I am blessed beyond measure to own lots of “stuff”….but I don’t own it just to have “stuff” - I own things so that I can have experiences and put them into my memories. Because in the end, that is all that you have. All the stuff goes away, and what is in your head is what you take away from this world. Making the sun go down and then back up again behind a mountain range. Sliding softly above a thin layer of clouds and watching your shadow dance on the tops. Looping around a lone cloud in the middle of nowhere - or turning the world upside-down on a whim to see the mountains from a different perspective - memories most will never have!

Second (or third…or fourth….) airplanes don’t cost as much to have because you can still only carve out so many hours a day to fly, and which tank the fuel comes out of doesn’t matter - enjoy the experience, even if you have to cut back the total time - economic cycles come and go, but we’re still here.

Build…Fly….Enjoy the ride!
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Paul F. Dye
Editor at Large - KITPLANES Magazine
RV-8 - N188PD - "Valkyrie"
RV-6 (By Marriage) - N164MS - "Mikey"
RV-3B - N13PL - "Tsamsiyu"
A&P, EAA Tech Counselor/Flight Advisor
Dayton Valley Airpark (A34)
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  #16  
Old 05-21-2022, 11:45 AM
David Z David Z is offline
 
Join Date: Aug 2010
Location: Thunder Bay Ontario
Posts: 910
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Maybe the price of engines will go down?

As one who's still building and looking forward to flying, I sure wouldn't mind if our hobby became a little cheaper.

If someone buys an airplane as an investment vessel, well that was silly. The stock market is for that. There's the old expression "if you want to make a million dollars in aviation, start with a billion". That applies to widebody airliners and two seat trainers.
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Empennage Passed Pre-close Inspection
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  #17  
Old 05-21-2022, 02:29 PM
Canadian_JOY Canadian_JOY is offline
 
Join Date: Aug 2007
Location: Ontario, Canada
Posts: 2,533
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The only reason we have our Glasair Sportsman is because the 2008 market collapse made it impossible for the owner of the kit to liquidate it at anything other than fire sale prices. Opportunity comes in unpredictable forms. We are very thankful this opportunity came our way.
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  #18  
Old 05-21-2022, 07:20 PM
spatsch spatsch is offline
 
Join Date: Nov 2014
Location: Denison, TX
Posts: 362
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My wife recently died of cancer and as I am going through her stuff throwing out things we spend a lot of money on which are worthless now I think about those things. Then I remember her smile when we had saved enough to buy it. Thatís priceless.

Flying is the same. Life is short. Enjoy it. There is no point in dying rich so focus on what you really want and do that.

Oliver
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RV-8 N-2EQ -- flying 500+ hours
Fokker DR-1 N-22EQ -- under construction
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  #19  
Old 05-21-2022, 07:44 PM
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GrinchF16 GrinchF16 is offline
 
Join Date: Jan 2020
Location: Indiana
Posts: 129
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Quote:
Originally Posted by spatsch View Post
My wife recently died of cancer and as I am going through her stuff throwing out things we spend a lot of money on which are worthless now I think about those things. Then I remember her smile when we had saved enough to buy it. Thatís priceless.

Oliver
Iím sorry Oliver. I know it comes for all of us but itís always sad when it doesÖ
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  #20  
Old 05-21-2022, 08:14 PM
Paul 5r4 Paul 5r4 is offline
 
Join Date: Oct 2006
Location: Foley, Al
Posts: 685
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Oliver, So very sorry for your loss. Your comment of no point in dying rich hit a home run for me. Thank you. Praying for you and your family.
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Paul Gray
Foley, Alabama
N729PG..... 500+ hrs
RV 7A, Lycoming 0 320 D1A, Sensenich FP propeller
pilotforfun2001@yahoo.com
VAF supporter $$$
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