Investing in Airplanes or Helicopters – Making the Choice

A lot of people who can afford to buy an aircraft and have a short amount of time to spend in travelling tend to buy airplanes or helicopters. Generally, people investing in airplanes and helicopters do not have a problem with funding them. However, it is rather smart to compare the benefits of the product you are investing in. Both the aircraft are designed to transport passengers from one point to another in a shorter span of time than transports like trains and buses. Nevertheless, there is some difference between the uses of each of them which might prove to be beneficial or problematic with respect to the owner’s requirement. Below are given certain details about it.

  1. Speed

    Between helicopter and airplane, the airplane will always beat helicopter in terms of speed. It has a considerably low top speed as compared to airplanes. The average top speed of a standard passenger airplane is between 878-926 km/hr whereas the average top speed of the helicopter is 430 km/hr. Even though helicopter has the ability to hover in the air, provide a stationary and low-speed height, it has lower front flight speed and accommodation than an airplane.  Fixed winged aircraft like airplanes are usually calmer and makes lesser noise as compared to helicopters. Noise and vibrations are one of the main problems of the helicopter.

  2. Access

    In terms of access, however, the helicopter is more compact and can enter more critical and compact areas compared to airplanes. They need smaller landing area as well which is useful for rescue missions and launching army troops. It is also helpful as it needs lesser landing area and can be landed on a rooftop. Airplanes are larger and in this context lesser useful compared to helicopters. They need a wide landing space and it takes more time to slow down from the top speed. As it is not able to make vertical flights, it needs a runway to launch as well.

  3. Mechanism

    Helicopters have even more complex mechanism compared to airplanes. Thus, it is easier and convenient to fly an airplane compared to a helicopter. The mechanism of flying and operating both need skilled professionals who are thoroughly trained in this region. Due to the noise and vibrations, it becomes almost impossible for people boarding helicopters to hear each other. Thus one has to master the art of different signs to express themselves while in a helicopter. However, helicopters have faster mobilization and lower range than airplanes. Helicopters are equipped with early initiation management and some of the rescue helicopters even have advanced instrumentation for paramedic help.

Apart from this, helicopters have higher maintenance and purchase expenses compared to aircraft. If one precisely needs helicopters to resolve their purpose, it is economically much more convenient to take one on the lease. Airplanes have several advantages over helicopters. They are spacious and more comfortable as well. If you want to gather some experience before investing you may want to look for option that help you track live share price, for example, Airbus shares. This company has had a steady reputation in the market and is known for its consistency. Thus, working with them will give you a good idea regarding the gains and losses of the aircraft industry.

Copyright 2017 Original content authorized only to appear on Money Beagle. Please subscribe via RSS, follow me on Twitter, Facebook, or receive e-mail updates. Thank you for reading.

The One Big Reason Why Sears And Kmart Are Doomed

Between 2000 and 2002, I went to school for my MBA.  I don’t remember too many of the details, but I remember one paper I wrote.  Our assignment was to pick a troubled company and strategize how to fix it.  I picked Kmart.  This was a couple of years before Sears and Kmart merged.

I can’t tell you what I wrote about point by point.  It’s possible that I may have the document saved on an old computer.  Maybe I’ll go look.  But I can tell you that things haven’t gotten any better in 15 years.

Honestly, Kmart, and now by virtue of their 2004 merger, Sears, are a mess.  So why are Sears and Kmart doomed?

The Single Most Important Reason Sears and Kmart Are Doomed

Analysts will through point by point and give a thousand different reasons why this company has continuously failed.  Honestly, thought it boils down to one thing.  One idea.

The company is not great at anything.  

It’s that simple.

To succeed in any sector, but especially retail, you have to stand out.  You have to have an area where you rise above your competitors.  Let’s look at some of the key areas where this is possible, and how Sears and Kmart have failed at each one:

Appeal

A great company has to make themselves appealing.  Shopping at their store (physical or online) has to be something to look forward to.  Sears and Kmart have not delivered this at all.  People may shop there, but there’s no buzz.  There isn’t any enthusiasm.  Simply put, there is no appeal.

Brands

A great store will have brand recognition that is seen as a positive. Think of the Target logo.  Everybody knows it.  When people think about it, many have a positive and happy feeling.  What brand awareness has Kmart or Sears built?  None.  The last time either of them had something like that was the ‘Blue Light Special’ that Kmart was once known for.  Eventually that became a joke, and every revival I’ve seen attempted in the last 25 years has been laughed at.

Selection

A retailer must have a great selection of products to stand out.  Looking at Target, again, they just revamped their entire clothing line.  They dropped many in-store brands in favor of new lines with new products.  They continue to look at what people want.  In addition to delivering the basic products, a successful retailer must stand out in what they offer.  When was the last time Kmart or Sears did that?

The In-Store Experience

A retail store must be kept looking fresh.  Renovations every few years are key so that stores don’t become run down, and it keeps shoppers interested.  But simply remodeling stores isn’t going to do it.  See, over the years I remember hearing multiple times how Sears and Kmart were going to update their stores.  And they did.  But it still failed.  Why?

Because they never did it in a way to stand out.  They remodeled after their competitors did.  And, the remodels themselves were just basic remodels.  People could walk into a recently renovated store and not even realize that it stood out.

Distribution

Customers don’t really notice this except to understand whether the products they want are in stock or not.  For years, Kmart customers were driven away because they were out of popular items.  So, they put in computerized systems.  They installed inventory controls.  Relationships for on-demand delivery with suppliers were improved.  These all sound like great ideas, except, once again, they were installed years after their competitors.  By the time Kmart and Sears finished their upgrades, their competitors were already on the next wave.

It’s Hopeless

Quite honestly, I think Sears Holding is doomed.  It won’t be long before the landscape is free of two once iconic brands.  They are caught in a death spiral, and even if they were to fix everything that’s wrong, I think it’s too late.  People who grew up on the brands have forgotten about them.  People who have never even considered them aren’t going to start now.

I think it’s only a matter of time before Sears and Kmart are nothing more than a page in the history books.

Readers, when was the last time you shopped at Kmart or Sears?  Do you see any hope for them?

Copyright 2017 Original content authorized only to appear on Money Beagle. Please subscribe via RSS, follow me on Twitter, Facebook, or receive e-mail updates. Thank you for reading.

6 Items On Our Money Checklist

Things are pretty stable these days with our money.  This means that we don’t have anything really pressing.  However, just as in life, there’s always stuff to do.  Here are a few items that I want to mark off our money checklist.

Combine High Yield Accounts

I have two accounts that pay better than a normal savings account.  Both had reasons of their own at one point, but now some of those reasons have gone away.  Both pay about the same amount of interest. It’d be one less account to keep track of if we combined the two.  Plus, these days, that’s just one less risk of account fraud!

Switch Insurance

I’ve been with Allstate for twenty years.  Sadly, I think that time is coming to a close.  They have kept raising my rates, this past year over 10%.  All this and I haven’t filed a claim in probably ten years!  They claim they can do nothing for me.

I have a quote from another company that’s about 15% less.  I want to do some research on the company, as well as do some additional shopping around.  But, yeah, it’s time to save some money.

Update My Tracking Spreadsheet

Our finances are tracked in a homegrown Excel sheet that’s evolved over the last 15+ years.  It works well but needs some updates.  I’d like to trim out some old data, streamline some formulas, and simplify some areas.

I know what it looks like in my mind.  I just need to take the time and make the revisions.

Revise Emergency Info

I handle most of our finances.  One of the elements in the tracking spreadsheet are detailed instructions in the event that something happened to me.  It contains account information, locations, payment methods, etc.  95% of it is up to date, but I need to just run through and clean it up.

Review And Update Beneficiaries

Most accounts have beneficiaries noted.  At least I think they do.  I want to run through every account and make sure we’ve set these up and that they’re correct.

Plan A Will Or Trust

I’m embarrassed to admit, with two kids, that we don’t have wills.  We need to take care of this.  Ideally, I’d like to set up a trust, but even a basic will would be a good first step.

Readers, what are items on your money checklist?  How pressing are your needs?  Let me know in the comments below.  Thanks for reading!

Copyright 2017 Original content authorized only to appear on Money Beagle. Please subscribe via RSS, follow me on Twitter, Facebook, or receive e-mail updates. Thank you for reading.

What Do You Think Of UPS Advertising On Their Trucks?

I haven’t seen it yet, but I’ve heard that UPS has ads on their trucks.  Have you seen this UPS advertising yet?

A Matter Of Time

I suppose it was just a matter of time before this started.  After all, there are tens of thousands of these trucks out and about.  Consumers recognize them.  We know what they look like.  For the most part, they’re just plain brown boxes rolling around.  So, why not stick some ads on the sides or up on top?

Advertising presents itself in many ways. The obvious ways are your traditional TV or radio ads.  There are print ads in newspapers and magazines.  We’ve got ads on billboards and on the sides of buildings.  And of course there are the ads all over the Internet.  In fact, many sites won’t even let you read their content unless you see their ads.  (I figure this makes it clear which is more important, ads or content).

Heck, even NBA players will have small ads on their uniforms this year.

So it doesn’t surprise me that UPS has started plastering ads on the sides of their truck.

The Two Big Questions I Have

For me, this raises two big questions.

First, will these ads work?  I suppose they will no more or no less than any other model of advertising.  After all, there have been ads on the sides of buses for decades.  Obviously, ads on wheels must work.  So, I would think that if done right, ads on the sides of UPS trucks could work just fine.

Second, will it lower prices on shipping boxes?  If UPS is selling advertising, it means they’re getting extra revenue.  This has to lead to lower prices, right?  I’d guess that the answer to this is “Not so fast.”  I know that UPS has been feeling the pinch from the increased push by the Post Office to ship packages.  My guess is that the advertising will restore some of the squeeze they’ve felt from the competition.  While lower prices would be nice, my guess is that smaller price increases is about the best we can hope for.

Personally, I guess I have no problem with UPS selling advertising on their trucks.  I find it less intrusive than some of the other advertising we’ve been exposed to.  I just hope it doesn’t open the door to something more annoying.

Readers, what do you think about UPS selling advertising on their trucks?  Have you seen any?  Is it just the start or is it opening the door to something bigger?  Let me know what you think in the comments below.  Thanks for reading.

Copyright 2017 Original content authorized only to appear on Money Beagle. Please subscribe via RSS, follow me on Twitter, Facebook, or receive e-mail updates. Thank you for reading.