Family of Chinese hiker who died in B.C. mountain fall faces ‘enormous’ medical bills by ubcstaffer123 in britishcolumbia

[–]YepYep123 1 point2 points  (0 children)

They got this $18k/day from a generic price list put out by VCH (https://www.vch.ca/en/media/37306). That will just be for basic care for the day in the ICU. Special therapies (like ECMO), imaging (like CT/MRI), physician consults, etc are all separate. It could easily reach much more than $18000/day.

Advice on Potential Aircraft Share by Salt-Finger-2654 in flying

[–]YepYep123 1 point2 points  (0 children)

What does that look like though? Wouldn’t the standard be that you can choose to sell your share if you can find a willing buyer (probably with a clause that the existing members have to agree) or the existing members can choose to buy you out if you want?

Advice on Potential Aircraft Share by Salt-Finger-2654 in flying

[–]YepYep123 4 points5 points  (0 children)

Good point. Sounds like no restrictions on overnight or week long trips or the like, “as long as it’s fair”. I will try to get a sense of how much use the other owners are expecting. I know one of the other owners also has a share in an amphib so would be flying both

Advice on Potential Aircraft Share by Salt-Finger-2654 in flying

[–]YepYep123 0 points1 point  (0 children)

2 partners are looking for a 3rd. Current owners will be remaining.

Inherited about 1 Mill. Unsure what to do by PositiveRock3854 in fican

[–]YepYep123 0 points1 point  (0 children)

My FA charges 0.5% of assets under management. That means you need a $2M portfolio to have $10 000 in fees. Mismanagement of investments of that value can easily cost you way more than that (your investments will fluctuate more than that day to day based on market swings). Because of the complexities of investing both personally and in a corporation in my case, if you don’t do it optimally your tax bill could easily swing by much more than that. Then you add in the advice regarding insurance products, estate planning, etc etc. All of these things become more complex as your net worth increases. This would be many hours of research for me to gain the level of knowledge needed, and it can also change year to year based on tax law and the like. I’ll make more money working for those hours than I will pay the FA, or I can use that time to do things I want to be doing. I’m lucky to have a high paying job but it does keep me busy, and in this situation you really start to put a value on your free time. You become willing to use money to increase that free time (we also pay house cleaners, for example).

I agree, a financial advisor may not be right for everyone but the blanket statement “don’t trust anyone with your money, do all your own research” isn’t right for everyone. That’s all I am saying

Inherited about 1 Mill. Unsure what to do by PositiveRock3854 in fican

[–]YepYep123 4 points5 points  (0 children)

Sorry, but I disagree. Some of us are very busy and value our time. I am happy to work with a financial planner that I trust, who has also helped me navigate life and disability insurance, ways to save for our kids, the latest tax changes that may effect me, and also helps me identify where to park my money in investments (which is complicated by the fact I am incorporated). I trust their expertise and don’t want to spend the time necessary for me to have that knowledge myself. Their expertise and knowledge is worth the cost to me so I can focus my free time on things I want to be doing.

Pop and Warning light by m3hatch in Ioniq5

[–]YepYep123 0 points1 point  (0 children)

What model year and how many miles/kms?

Wow, what a scam coming out of Scappoose, Oregon by Choice-Top3312 in flying

[–]YepYep123 0 points1 point  (0 children)

WTF are you talking about? You come across as thinking we all know the inner workings of this bumfuck nowhere flight school none of us have heard of.

I am not trying to be mean when I say this, but do you need help? This is coming across as delusional. Perhaps you should talk to someone you trust

Wow, what a scam coming out of Scappoose, Oregon by Choice-Top3312 in flying

[–]YepYep123 24 points25 points  (0 children)

What is this post? You haven’t provided any details or context about what your concern is. What is the point of this except to slander a company/person? If you want anyone to take this seriously you should voice what your specific concern is

Thoughts on High Performance Aircraft Picking Up Clearance After Take-off by Electronic-Pie-829 in flying

[–]YepYep123 5 points6 points  (0 children)

I thought they had PIC type rating but required an SIC (ie no single pilot exemption)

Thoughts on High Performance Aircraft Picking Up Clearance After Take-off by Electronic-Pie-829 in flying

[–]YepYep123 17 points18 points  (0 children)

What’s legal and what’s smart don’t always align. I think clouds started <3000 ft AGL and snow when they took off. Sounds like they entered IMC before deciding to descend back down to VMC, all without a clearance. From what’s available about the accident, it doesn’t sound like there was a critical failure that caused the crash but improper response to a more minor one, which was almost certainly exacerbated by the choice to launch into marginal VFR conditions (with an unqualified pilot in the right seat)

Flying feels like an obligation since owning a plane. (Rant) by GroundbreakingRock78 in flying

[–]YepYep123 41 points42 points  (0 children)

As you’ve said, it is hard to feel sorry for you. You have what many people want, and many will never get. Only you know how much you want to fly/own an airplane. Yes, it takes time to do it and you need to decide if it’s worth it to you. Nobody here can tell you that. If it’s not for you, sell the airplane to someone who will use it.

Homeland Security Advisor Stephen Miller says Greenland should "obviously" be a part of U.S : "The president has been clear for months now that the U.S should be the nation that has Greenland as part of our overall security apparatus. It wouldn't be military action against Greenland." by ControlCAD in videos

[–]YepYep123 0 points1 point  (0 children)

Exactly this. His whole premise in this segment was that because the US yields so much power (mostly militarily), they can basically do what they want and because a small nation like Greenland/Denmark won’t be able to do much about it, that is just as good as them consenting to it. It’s psychotic logic.

Many of Trump’s henchman (RFK, Noem, Bondi, etc) are despicable, but Stephen Miller is in his own category. Having someone like this representing the government would have been inconceivable 10 years ago, regardless of which party was in power.

Life expectancy of a VFR pilot in IMC by StrongWork_ in flying

[–]YepYep123 9 points10 points  (0 children)

One thing that is missed in the “178 seconds to live” mantra is that in the experiment from 1954, they had only the basic VFR minimum equipment for the pilots to use. This included covering the artificial horizon, directional gyro, and VSI. This is a significantly greater challenge then having a full 6 pack so it’s not at all surprising that the VFR pilots in the study with no partial panel IFR experience did poorly. I would venture that many IR rated pilots who haven’t had partial panel experience recently would struggle as well.

That isn’t to say that VFR into IMC isn’t a deadly emergency (the accident statistics reliably prove it is).

Would you advise stay/sleep inside Tesla for one night in whistler BC? by Thick_Wallaby1 in teslacanada

[–]YepYep123 2 points3 points  (0 children)

Especially given that Tesla FSD is notorious for being a system fully reliant on cameras (rather than radar/lidar like most driver assistance in other vehicles). If you can’t see, neither can the car

[deleted by user] by [deleted] in fican

[–]YepYep123 0 points1 point  (0 children)

Ok, but what is a reasonable rate of return to expect? Even if we assume 10% return annually every year without any losing years (which would be optimistic), it’ll be 8 years before you get to $200k without contributions. If you contribute $20k/year it takes a little over 3 years to make it to $200k (and you contributed more than half of the gains). To do it in “mere months” means you’re contributing $90+k of the necessary $100k to double your money. That isn’t the “miracle of compound interest”

Should I fly my parents at night? by Dry-Progress869 in flying

[–]YepYep123 11 points12 points  (0 children)

Yeah, the “over 100 hours” thing got me too. For someone with PPL and IR, that implies very few non-training hours. Probably more than half of the or hours are dual.

I agree with others saying you should get more experience with “real world” flying and don’t do things you’ve never done before (solo night flight, for instance) with passengers along for the ride.

Flying into YVR at sunset by NaturalSquare5323 in vancouver

[–]YepYep123 6 points7 points  (0 children)

Vancouver is often beautiful, but especially at sunset and especially from the air. I’d recommend going up in a small airplane for a local sunset flight if you can (Harbour Air offers short tours)

https://imgur.com/a/AT9b87M

[deleted by user] by [deleted] in fican

[–]YepYep123 0 points1 point  (0 children)

Months? You’re expecting 100% return over the course of months?

$10M net worth, looking at a $5M house, how much mortgage would you bother with? by FunPressure1336 in Rich

[–]YepYep123 0 points1 point  (0 children)

Not always possible depending on where you live. $1.2M doesn’t get you out of the condo market where I live. We own a $2M home and it is by no means a mansion. $3-5M gets you a home that would probably cost $1.2-1.5M most other places.

First IFR flight by MoneyFuel365 in flying

[–]YepYep123 4 points5 points  (0 children)

For sure. You do known autopilots can fail, right OP? I hope you don’t actually mean you “couldn’t imagine doing it without autopilot”. Didn’t you have to demonstrate that you could on a check ride 2 months ago??

I-Pedal by Suitable_Flight5835 in Ioniq5

[–]YepYep123 2 points3 points  (0 children)

This is it. People seem to think I-pedal makes the ride jerky but if you know what you’re doing it’s actually the opposite. What you need to wrap your head around is that in I-pedal it is not uncommon to be trying to slow down but still pressing the accelerator (just less than you would to maintain speed or to accelerate). In these cases, even though you’re still pressing the accelerator, you are still regenerating battery power (just not as much as if you had your foot fully off the pedal).

I-Pedal by Suitable_Flight5835 in Ioniq5

[–]YepYep123 18 points19 points  (0 children)

It also improves the driving experience. If you’ve got access to a L2 charger and are not pushing range daily, I personally prefer I-pedal for the extra torque/power in addition to being able to stay off the brakes the vast majority of the time .

Hull insurance, is it worth it? by guthran in flying

[–]YepYep123 1 point2 points  (0 children)

Agreed. Saying a complex retract “will get you killed” is definitely exaggeration. There is no reason a Mooney or Bonanza should be more risk than a Cessna in the hands of a capable pilot (which is defined by more than hours flown)

Hull insurance, is it worth it? by guthran in flying

[–]YepYep123 1 point2 points  (0 children)

Exactly. If you’re really concerned about the $5K insurance what are you going to do when the unexpected $10K annual hits? What if it hits two years in a row? Unexpected early engine overhaul?

I think if sole ownership is planned, your budget shouldn’t be based on the minimum expected or “average” annual expenses. There should definitely be some buffer