Redemption Fee On Super Saver Fund

[FWAAA]

If you want to move money around the funds each month, you should pay for that. Unless you think you should be able to shift those costs onto the people who don't move in and out of funds each month. Buy and hold investors shouldn't have to subsidize those who more actively manage their investments.

If transactions were "free" to those who engage in them, there would be no incentive for them to minimize those trades, and those expenses eat into everyone's return. I don't like splitting the check at lunch with those who splurge when I have a salad, and I wouldn't think that you'd want to do that with your retirement money, either.

Moving money from one fund to another in a disciplined approach is laudable, but you should pay the direct costs of doing so.

 

[Buck]

If you want to move money around the funds each month, you should pay for that. Unless you think you should be able to shift those costs onto the people who don't move in and out of funds each month. Buy and hold investors shouldn't have to subsidize those who more actively manage their investments.

If transactions were "free" to those who engage in them, there would be no incentive for them to minimize those trades, and those expenses eat into everyone's return. I don't like splitting the check at lunch with those who splurge when I have a salad, and I wouldn't think that you'd want to do that with your retirement money, either.

Moving money from one fund to another in a disciplined approach is laudable, but you should pay the direct costs of doing so.

[post="291885"][/post]​

Which I have no problem with.

I am curious as to why these fees were not instituted at the programs inception?

and J7915 I believe you stated that you have your work accomplished by the manufactuer.

 

[jimntx]

Exactly. Since only a moron would try to day trade their 401K, this fee is just a tax on the terminally stupid, not unlike lottery tickets.

[post="291474"][/post]​

Yeah, well you're gonna be sorry when I win the lottery tonight and take everyone out for a Big Mac except you!

Beside that, the lottery is a fun way to be taxed, and unlike most of the taxes I pay I have a 1 in 26 million chance of getting something back from it.

 

[mjk]

For all those who think that Bush's plan to privatatize Social Security is a good thing take heed. We could spend our whole lives saving while all these money changers bleed us dry with Fees and surcharges.

[post="291456"][/post]​

Some of us think it's better than being bled dry by government bureaucrats and red tape. At least I'll have some control over where my money goes.

I think I can do better with my own money than the government does.

 

[j7915]

I am sure you will find that the fellow mounting your tires has no certification of any kind.

.

[post="291883"][/post]​

You are right, the origin of this question was Buck's problem with not having licensed amt's working in the brake and wheel shop, and other backshops, doing dis-assembly etc. He would rather have that work contracted out, or make it un-economic for AA to do, hence shut down.

 

[Buck]

You are right, the origin of this question was Buck's problem with not having licensed amt's working in the brake and wheel shop, and other backshops, doing dis-assembly etc. He would rather have that work contracted out, or make it un-economic for AA to do, hence shut down.

[post="292413"][/post]​

No need to lie J7915, just explain to them that I want the mechanics to get paid for their license no matter where they work. Instead you condone the SRP/OSM classification just to keep the employeed at the behest of the company and at a lower rate of pay.

 

[j7915]

No need to lie J7915, just explain to them that I want the mechanics to get paid for their license no matter where they work. Instead you condone the SRP/OSM classification just to keep the employeed at the behest of the company and at a lower rate of pay.

[post="292624"][/post]​

Where did I lie? I know full well that you think that anyone with an AP should always be paid for the ticket. In which case AA should simply lay of APs when necessary and protect the people in the backshops where no license is needed or required.

Buck, your position simply means that an employer will be very, very careful to look at your educational background, so that he does not pay for what he is not taking advantage of.

 

[Wretched Wrench]

Let's leave the wheel shop for a moment, and take a larger view.......

It could be argued that the OSM program is AA's outsourcing. Instead of moving the work to cheaper labor, the cheaper labor is moved to the work. This is a situation that is parallel to what is happening to many other workplaces.

Either way, licensed, skilled, trained mechanics are the victims of the supply and demand formula. AA moved its overhaul to Tulsa because of the abundant supply of cheap, docile labor and a favorable judicial and political climate. That was the beginning of the hiring of unlicensed mechanics for overhaul. In the last ten years, we have seen the increase of outside maintenance organizations hiring unlicensed, unskilled, untrained, even illiterate mechanics.

Until the FAA requires licenses to work on an airplane, there is no hope for relief. Even at that, it is way too easy to get a license here. I think we all know mechs who are not fit (even unable) to repair a lawn mower. Other developed countries have much more rigorous training and requirements.

So, all this energy that is being directed in all directions needs to be directed toward the goal of maintenance being done only by licensed mechanics.

 

[j7915]

Let's leave the wheel shop for a moment, and take a larger view.......

It could be argued that the OSM program is AA's outsourcing. Instead of moving the work to cheaper labor, the cheaper labor is moved to the work. This is a situation that is parallel to what is happening to many other workplaces.

Either way, licensed, skilled, trained mechanics are the victims of the supply and demand formula. AA moved its overhaul to Tulsa because of the abundant supply of cheap, docile labor and a favorable judicial and political climate. That was the beginning of the hiring of unlicensed mechanics for overhaul. In the last ten years, we have seen the increase of outside maintenance organizations hiring unlicensed, unskilled, untrained, even illiterate mechanics.

Until the FAA requires licenses to work on an airplane, there is no hope for relief. Even at that, it is way too easy to get a license here. I think we all know mechs who are not fit (even unable) to repair a lawn mower. Other developed countries have much more rigorous training and requirements.

So, all this energy that is being directed in all directions needs to be directed toward the goal of maintenance being done only by licensed mechanics.

[post="293269"][/post]​

I doubt if I could afford the tickets if all and any work affecting aircraft were done only by licensed and highly paid individuals.

The wheel shop is only a metaphor for all those backshops, whose work is done at OEMs and MROs by unlicensed individuals. Do the control riggers at Boeing have an A&P?

It is a nice concept but the public won't buy it. Look at Ryan Air, no window shades, seat recline, and minimal cleaning. So all that work done by OSM's is not even there, the wave of the future?

 

[Wretched Wrench]

I doubt if I could afford the tickets if all and any work affecting aircraft were done only by licensed and highly paid individuals.

It worked here in the USA for quite a few years. I can remember "no tickee, no workee". I was turned down because I only had an airframe and a second class FCC. They wanted both A&P or a first class FCC. Nowadays, the FCC has dumbed the examinations down and eliminated the First Class license, giving the old 2nd class test for a "General" license.

It presently works in Japan and much of Europe. Perhaps in Australia, too, but I don't know enough about their economy to make a definite statement.

Another scary thing about outsource chop shops, is that they hire mechanics who have lost their licenses. Most license revocations are for fraudulent sign offs.

 

[j7915]

It worked here in the USA for quite a few years. I can remember "no tickee, no workee". I was turned down because I only had an airframe and a second class FCC. They wanted both A&P or a first class FCC. Nowadays, the FCC has dumbed the examinations down and eliminated the First Class license, giving the old 2nd class test for a "General" license.

It presently works in Japan and much of Europe. Perhaps in Australia, too, but I don't know enough about their economy to make a definite statement.

Another scary thing about outsource chop shops, is that they hire mechanics who have lost their licenses. Most license revocations are for fraudulent sign offs.

[post="293353"][/post]​

And before de-regulation I flew on Greyhound.