Falcon 50 systems review

FALCON 50

Dimensions

Wing Span 61′ 10″
Length 57′ 11″
Height 22′ 10″
Wheelbase 23′ 9″
Main Gear Track 13′ 1″

Limitations

 Weights

Max Ramp Weight
With SB F50-161
Unpaved Runway Operations
38,800 lbs
40,780 lbs
33,070 lbs
Max Takeoff Weight
With SB F50-161
Unpaved Runway Operations
38,800 lbs
40,780 lbs
33,070 lbs
Max Landing Weight
Unpaved Runway
35,715 lbs
33,070 lbs
Max Zero Fuel Weight 25,570 lbs

The above weights are maximum certificated limits.  The actual maximum weights for a particular flight may vary due to the performance limitations.  If the aircraft can not meet the required runway or climb performance, the maximum takeoff and/or landing weights are reduced such that the requirements are met.  See the performance charts in the AFM for details.

Speeds

Vmo / Mmo Sea Level to 10,000 ft
Above 10,000 Feet
One or both Hyd Systems Inop
Cracked Windshield
DV Window Open
Windshield Wiper Operation
Mach Trim Inop / Autopilot disengaged
  350 to 370 kts / Linear
370 kts / 0.86 Mach
260 / 0.76 Mach
230 kts
180 kts
205 kts
0.78 Mach
Va
Turbulent Air Penetration
  210 kts
280 / 0.76 Mach
Vfe      Slats Only
Slats + Flaps 20 Deg
Slats + Flaps 48 Deg
With Auto Slat light ON
  200 kts
190 kts
175 kts
270 kts
Vlo
Vle
  190 kts / 0.70 Mach
220 kts / 0.75 Mach
With Thrust Reverser deployed   230 kts
Max Tire Groundspeed
Max Speed / Windshield Wipers
  180 kts
205 kts

Operational Limits

Max Alt T.O.. & LDG
With SB F50-154
  -1,000 to 10,000 ft
-1,000 to 14,000 ft
Max Enroute Altitude
Max Altitude SB F50-163
Standby Hyd Pump Operating
Flaps / Slats Extended
45,000 ft
49,000 ft
45,000 ft
20,000 ft
Min Temp T.O.. & LDG
Max Slush
Max Water Recommended
Unpaved Operations
-40 Deg C
0.75 inch
0.50 inch
Dry
Max Temperature
Min  Temperature
ISA + 35 C
-75 C
Max Tailwind T.O./ LDG
Max X-Wind T.O.. / LDG
10 kts
23 kts
Max Runway Slope 2.5%
Max Fuel Imbalance 500 lbs
Load Factor Limit
Flaps Up
Flaps Extended
-1 to 2.6 G
-0 to  2.0 G

Autopilot Limitations

Departure & Enroute 1,000 Feet AGL
Approach
Radar Altimeter Inop
Radar Altimeter On
100 Feet AGL
50 Feet AGL

Engine Start
There are a few things one needs to remember when starting these engines.  Some are obvious, and apply to all gas turbine engines, and some are specific to the good old Garrett grenade!  You should discontinue the start if any of the following conditions occur:

1.  N2 does not rotate, or accelerates too slowly prior to lightoff.
2.  After advancing the throttle to idle, lightoff does not occur in 10 seconds or less.
3.  N1 does not rotate by the time N2 reaches 20% rpm.
4.  No oil pressure indication for more than 10 seconds after lightoff.
5.  Any abnormal vibration or engine noise.
6.  Failure of N2 to accelerate normally to 60% rpm after lightoff.

Engine Limitations
Garrett TFE 731-3-1C

N1 N2 ITT Deg C Time
Starting  907 C
927 C
977 C
No Limit
10 Sec
5 Sec
Takeoff 101.5 % 100.0 % 907 C
917 C
949 C
5 Minutes
5 Seconds
2 Seconds
Max Continuous 101.5 % 100.0 % 885C No Limit
Max OverspeedMax Overtemp 103.0 %
105.0 %
—–
103.0 %
105.0 %
—–
————
————
Abv 977
60 Seconds
5 Seconds
Reject Engine

Engines that have the “3 D or the -4” mod have the same thrust at sea level, but an increase in thrust at altitude.  The “3 D or -4” engines also burn approximately 100 pounds per engine less fuel per hour.  They may make the airplane a few knots faster, on less fuel, therefore increasing the range.   The mod really does make a difference.

Engine Oil System Limitations

Max Oil Temp  to 30,000 ft
above 30,000 ft
  127 C
140 C
Max Transient Oil Temp   149 C
Min Oil Temp for Start
Min Oil Temp Above Idle
-40 C
+30 C
Max oil consumption / 25 Hours 1 Quart

Flight Controls

The primary flight controls on the Falcon 50 are hydraulically boosted.  They receive hydraulic pressure from both hydraulic systems.  This pressure powers the actuators for each of the controls.  Each actuator can function with pressure from either one, or both of the systems.  The Falcon 50 can be flown without hydraulics in the event of a malfunction or failure.
Each of the primary flight controls have an artificial feel unit to provide the proper control forces with regard to the degree of deflection of any given flight control.  This approximates the “feel” much like the unboosted flight controls on a smaller lighter and less sophisticated aircraft.  Long story short, the Falcon 50, and the rest of the product line, feels great.  The “Arthur Q” and the artificial units adjust the sensitivity of the controls as airspeed changes.  This makes it unnecessary to make compromises in the control system design to insure that the controls are effective at low speed, and not too sensitive at high speed.  The control feel on the entire Falcon line is great.

Ailerons

There are two aileron servos.  One is located in each wing.  Aileron trim is electric.  It merely re-defines the neutral position when the ailerons are hydraulically boosted.  Emergency aileron trim performs this function in the event both hydraulic systems fail.  Emergency aileron trim system does require electrical power.
A mechanical device called “Amedee” makes the ailerons less sensitive near neutral, and more sensitive near full deflection.  This adds to the flying qualities of the airplane from a pilot’s point of view.

Rudder

The rudder is boosted by a dual servo actuator.  Rudder trim is provided by re-defining the neutral position.   The rudder has an artificial feel unit, but no “Arthur Q” as do the ailerons and elevator.  Rudder inputs at high speed are likely only in the event of a failure of #1 or #3 engine.  The yaw damper handles the rudder quite well, therefore pilot input to the rudder is mostly during takeoff and landing.

Elevator

The elevator system on the Falcon 50 is hydraulically boosted.  It has an artificial feel system as well as an “Arthur Q” to regulate the “feel” of the elevator.  The elevator, like the other primary flight controls, is hydraulically boosted when at least one of the two hydraulic systems are operating.  Elevator trim is achieved by moving the horizontal stabilizer.  In the event both hydraulic systems fail, the elevator may be operated manually.

Horizontal Stabilizer

Pitch trim is achieved by changing the position (angle of incidence) of the horizontal stabilizer.  This is done with one of two trim motors.  The primary trim motor is powered by the Primary A Bus.  This motor provides normal pitch trim.  It is also used by the auto pilot and mach trim systems.  The secondary trim motor is powered by the Primary B Bus.  These trim motors never operate at the same time.  When emergency trim is selected, the normal trim is de-activated, and remains so until it’s circuit breaker is reset.  The normal trim has electrical limit switches.  Emergency trim relies on mechanical stops to limit travel.  I recommend that the emergency trim not be operated to more than 50% of it’s travel on either side of center during preflight in order to avoid possible damage to the mechanism.  In flight, if you need it, use it.
The Mach Trim system uses the horizontal stabilizer.  When energized, it does nothing until 0.78 Mach.  Between 0.78 Mach and 0.89 Mach, it provides a change of 0.4 deg in the stabilizer position, increasing the angle of incidence.  This “nose up” trim compensates for mach tuck.  As you slow down, the change is reversed as appropriate.

Flaps

The flaps are normally powered by the # 2 hydraulic system.  They can be powered by the hydraulic pump on the # 3 engine, or by the standby hydraulic pump.  The standby hydraulic pump requires that the Left Main DC Bus and the “A” Bus are powered.  Flap asymmetry protection is provided.  A potentiometer on the rear wing spar compares the left and right flap positions.  If a large enough assymmetry (5 deg @ 20 deg flap and 8 deg @ 48 deg, or full flaps) occurs, the flap control circuit breaker will pop, causing the flaps to stop where they are.  Assymetry protection is powered by the Primary “B” Bus.

Slats

The Falcon 50 is equipped with inboard and outboard leading edge slats.  Normal operation of the slats is performed by the # 1 hydraulic system.   The inboard slats (one actuator each) can be extended to 20 deg.  The outboard slats (two actuators each) extend to 30 degrees.  The outboard slats extend faster than the inboards.  During retraction, the inboard slats retract fully before the outboards begin their retraction..  Unless you have a failure during extension or retraction, the Slats are all or nothing.  The slats are always extended before the trailing edge flaps.  Normal slat extension requires no electrical power.  The flaps and slats are normally controlled with the flap handle on the center pedistal.  See the photo above.

Emergency slat extension requires electrical power from the Primary “B” bus, and is performed by the # 2 hydraulic system.  Emergency slat extension is activated with a switch on the pedistal.  The emergency slat actuators can not retract the slats.
The outboard slats can be extended by the # 1 and / or # 2 stall warning systems.  When an angle of attack of 17 deg or more is reached, System # 1 hydraulics extend the outboard slats with the normal slat actuators.  Primary “A” Bus power is required for this.  If the angle of attack exceeds 19 deg, the # 2 hydraulic system pressurizes the emergency slat actuators provided Primary “B” bus power is available.  System # 1 also applied pressure to extend the slats with the normal slat actuators.  Even if the # 1 stall warning were inop, both hydraulic systems should extend the slats when commanded to do so by the # 2 Stall Warning System.

Airbrake

The airbrake system is electrically controlled and hydraulically actuated.  Primary “A” Bus electrical power and System  # 2 hydraulic power are required.  There are 6 airbrake panels, 3 on each wing.  Maximum extension is 68 deg for the outboards, 50 deg for the center, and 37 deg for the inboards.  The speedbrake panels do not always reach full extension at high airspeeds.  The airbrake may be used at any altitude, airspeed, or in any configuration.  It is not recomended in flight within 500 feet of the ground.

Nosewheel Steering

The nosewheel steering system is available only on the ground.  It requires “C” Bus power and  # 2 hydraulic system pressure.  The steering system is controlled with a small wheel located on the left side of the cockpit.  This wheel, when depressed and turned in either direction, sends a steering command to the system.  If the steering control, or “Tiller” is released, the system returns the nosewheel to the centered position.  The nosewheel will not retract unless the nosewheel steering is centered.  Rember, the steering system only turns the nosewheel.  Friction between the nose tires and the ramp turn the airplane.  Remember this when you are on a wet or icy surface or you may have an unexpected intimate relationship with a fence, fuel truck, other aircraft, or other objects.

Landing Gear

Why did he put the landing gear in the Flight Controls section?  You may be wondering.  Well, if you forget to properly operate the landing gear, nobody is going to let you use any of the flight controls for a very long time!  Not a whole lot of slack available here!  The Falcon 50 landing gear is electrically controlled, and hydraulically actuated.  Landing gear control requires “A” Bus power.  “B” Bus powers the landing gear indication system.  Normal gear extension requires # 1 Hydraulic System pressure.  A mechanical tab on the gear handle must be repositioned in order to retract the gear.
If normal gear extension is not possible, place the gear handle in the down position.  Pull the “Emergency Gear Handle” that is located just to the right of the normal gear handle.  This releases the hydraulic pressure to the gear up locks and supplies # 1 Hydraulic System pressure to open the gear doors and extend the landing gear.  If this does not do the job, there are three handles that may be pulled.  Each handle manually releases the door, and the uplock mechanism for it’s respective gear.  The handle for the nosegear is on the left side of the center pedistal.  The main gear emergency extension handles are in the cabin just aft of the galley.

Brakes

The Falcon 50 has 4 main wheels.  Each has its own brake so no particular wheel will feel left out!  The brakes are the multiple disk type.  Both the normal and emergency braking system use the same mechanical friction plates to stop the airplane.  The “Normal” braking system is powered by Hydraulic System # 1 at a maximum of 1,600 psi.  Anti-Skid protection is available when using the normal braking system as long as “B” Bus power is available..  During the landing gear retraction cycle, the normal brakes are automatically applied, such that main wheels stop rotating prior to entering the wheel wells.
The “Emergency” braking system, is powered by the # 2 Hydraulic system pressure that is regulated to a maximum of 800 psi.  When using the “Emergency” braking system, differential braking is available through the brake pedals as with the normal brake system.  You do not have Anti-Skid protection when using the emergency braking system.  The Parking Brake uses # 2 Hydraulic pressure and shares some of the plumbing with the emergency braking system.
The crew can select the braking system they desire through the use of a three positon switch located on the instrument panel.  In the top position, # 1 Hydraulic system powers the brakes, and the Anti-Skid system is on.  The middle position selects the “Emergency” braking system, powered by the # 2 Hydraulic system, and yes, as you suspected,  Anti-Skid protection is a thing of the past.  The bottom position selects the normal braking system, but does so without Anti-Skid protection.  See the table below.

Hydraulic System Used       Status of Anti-Skid System

# 1 ON
# 2 OFF
# 1 OFF

The parking brake system is contorlled by a “T” handle located on the glareshield.  It has three positions.  Stowed or Off, first detent, and second detent.  The first detent results in 360 psi to the brakes.  The second detent applies 1560 pounds of pressure.  A large red “Unlock” button is used to release the parking brake.  Obviously, the anti-skid is inop with the parking brake set.  If you get your hand too close to the parking brake handle when the aircraft is moving, the tires may have a heart attack, but at very least will be stressed out!

Thrust Reverse

The #2 or center engine is the only one equipped with reverse thrust.  Reverse thrust is not authorized in flight, or on the ground for backing up.  In the event of an unwanted reverser deployment in flight, reduce airspeed to 230 knots.  The maximum duration of reverse thrust is 30 seconds except in an emergency.  Allow 4.5 minutes between reverser cycles.  Reduce reverse thrust N1 by 5% when operating in crosswinds when the aircraft speed is less than 10 to 15 knots.

Fuel System

  The Falcon 50 fuel system is similar to the tried and true Falcon 20 design with an additional wing and feeder tank to accomodate the third engine.  There are, however, a few differences.  Transfer between the wing tanks is not possible on the Falcon 50.  Fuel balancing should be necessary only when there is an engine failure, or the APU (center tank) has been operated for a very long time.  The center wing and feeder together have 57 pounds more fuel than the left or right wing and their respectivefeeder tank.
The falcon 50 has 6 fuel tanks.  The wing has three, left, center and right.  The other three tanks are located in the fuselage just aft of the passenger compartment.  The aft tanks are called “feeder tanks”.  They are the only tanks that can supply fuel to the engines.  When filled to capacity, two thirds of the fuel is stored in the wings, leaving one third of the fuel in the feeder tanks.  As a fuel tank, the wing is devided into three sections.  They are left, center, and right..  The left and right tanks have jet pumps that keep the remaining fuel inboard as the fuel is burned off.  This prevents unwanted rearward movement of the center of gravity as fuel is consumed.  Fuel from each wing tank is transfered to it’s own respective feeder tank.  The feeder tanks are located aft of the passenger compartment.  They are, in fact, just one big tank that is divided into three separate compartments.  It is only from these “Feeder Tanks” that the engines can feed.  Fuel can not be consumed from the wing tanks directly.
The feeder tanks are each equiped with a “Boost Pump” to supply fuel to their respective engine.  The boost pump can supply fuel to the other engines through the use of crossfeed valves.  Starting with full fuel, the engines begin to empty the feeder tanks.  The fuel level in the feeders decreases until there is 600 pounds of fuel in each feeder tank.  At that time, a float switch in the feeder tank regulates the fuel transfer from the respective wing tank, keeping the feeder tank level at 600 pounds until the wing tank is empty.  When the wing tanks are empty, turn off the transfer pumps, as they should not be run dry for extended periods.  At this point, you should be fairly close to your destination, as you don’t have much more than an hour or so as reserve.

The wing tanks and feeder tanks are pressurized with LP bleed air.  This is done through the use of pressure regulators.  The wing tanks are pressurized to 4.2 psi.  The feeder tanks are pressurized to 1.9 psi.  This results in the wing tank fuel being transfered into the feeder tank without the use of the transfer pump.  The transfer pump will move the fuel much faster.  This can be used to bring the wing fuel back into balance if needed.  For example, if your left tank has 300 lbs less fuel than the right proceed as follows:  Open the left transfer valve.  Turn off the left transfer pump.  The center wing tank is now set up to supply the left and the center feeder tanks.  This is provided that the feeders have reached the 600 pound level, and are therefore accepting fuel.  If this is not yet the case, you have 2 options.  You can use the crossfeed valves and boost pumps to burn fuel from a particular feeder tank.  This will have no effect on the wing fuel until the 600 pound fuel level is reached in the feeder tanks.  The second option is the emergency fuel transfer system.  It’s primary purpose is to deal with a frozen or stuck low level float switch, but it could be used to increase the fuel quantity in the left or right feeder tank.  In reality, you are not likely to be forced to deal with a whole lot of fuel imbalance problems in this airplane.

 Tank  Fuel Quantity
L & R Wings 3,748 lbs Each
Center Wing 2,749 lbs
Center Feeder    2,460 lbs
Left & Right Feeders    1,404 lbs Each
Total – Feeders Low 12,117 lbs
Total – Feeders Full 15,514 lbs

Hydraulics

    The hydraulics on the Falcon 2000 consists of two independent sub systems.  Normal system pressure is between 2900 and 3000 psi.  The primary flight controls are powered by either or both of the systems.  Both systems are serviced with 5606 hydraulic fluid.  System fluid quantity may be determined by reference to a quantity gauge on the lower gauge screen, or by a sight gauge on the reservoir itself.  Both systems are pressurized by bleed air to prevent foaming and reduce the possibility of cavitation.

Fluid may be added to either system by the following procedure:

1)  Open the depressurization valve on the top of the hydraulic reservoir.
2)  Attach the fill line to and open the respective hydraulic service fitting.
3)  Fill the reservoir to the desired level by reference to the sight gauge.
4)  Close the depressurization valve on the top of the reservoir.
5)  Close the valve on the service fitting.
6)  Reinstall the valve caps on the fittings.
7)  Properly stow service equipment & tools
8)  Complain that a mechanic should have done this for you.

Note:  If you have a small leak that does not ground the airplane and you have another flight or two until you see a repair facillity, relieve the hydraulic system head pressure after shutdown.  This will greatly reduce the amount of fluid that is lost, as the system won’t be under the 10 psi resevoir head pressure when parked.

Hydraulic System 1


The system # 1 reservoir is located on the left side of the aft service compartment. The reservoir for system 1 has a capacity of 2.0 gallons.  System # 1 has two engine driven hydraulics pumps, one on each engine.  This system powers the following items:

Ailerons
Elevator
Rudder
Pitch Arthur
Leading Edge Slats
Landing Gear & Gear Doors
Nosewheel Steering
# 1 Brake System
Left Thrust Reverser

Hydraulic System 2


The system # 2 reservoir is located on the right side of the aft service compartment.  The # 2 system reservoir has a capacity of 1.6 gallons, plus an additional 2.1 quarts that can only be used by the hydraulic standby (electric) pump.   System # 2 has one engine driven hydraulic pump on the right engine, and one electric hydraulic pump powered by the Essential Bus.  The electric hydraulic pump is controlled by a switch on the overhead panel.  With the switch off, the pump is deactivated.  With the switch in  “Auto”, the pump comes on at 1500 psi, and turns off at 2400 psi.
System two is equipped with a hydraulic isolation valve.  The “isolation valve” allows the electric hydraulic pump to power only the pitch and rudder servo actuators when the valve is in the closed position.  This valve is controlled by a switch on the overhead panel.   When the switch is “Closed”, the valve is closed.  When the switch is “Open”, the valve is open, and the hydraulic standby pump may power the entire # 2 hydraulic system.  With the switch in “Auto”, the valve is closed when the slats are retracted, restricting the hydraulic standby pump to the elevator and rudder only, and open when the slats are extended, allowing the hydraulic standby pump to power the entire # 2 hydraulic system.

Ailerons
Elevator
Rudder
Airbrakes
Flaps
Emergency Slat Extension
# 2 Brake System
Parking & Emergency Brakes
Right Thrust Reverser

Note:  The “Emergency Brakes” on the Falcon 2000 are great.  If you need them, after touchdown, slowly pull the lever out and note the “G” meter on the EFIS.  Look where the Mach display was inflight, and you will see the accelleration expressed in decimal format.  You want about .25 to display, meaning braking is at one quarter of a G unit.  These brakes tend to stop the airplane in a very straight line.

 What happens if one hydraulic system fails?

System # 1 Failure

Ailerons System # 2 or manual
Elevator System # 2 or manual
Rudder System # 2 or manual
Pitch Arthur Inop: 260 K / .76 M
Slats Emergency Slat Extension
Landing Gear & Gear Doors Gear Gravity Handles
Nosewheel Steering Differential Braking
# 1 Brake System # 2 Brakes and Emgy Brakes
Left Thrust Reverser Accumulator Pressure

System # 2  Failure

Ailerons System # 1 or manual
Elevator System # 1 or manual
Rudder System # 1 or manual
Airbrakes Inoperative (Stowed by accum.)
Flaps Inop unless Hyd Stby Pump works
Emergency Slat Extension Slats Inop without  # 1 System
# 2 Brake System Emergency or # 1 Brake system
Parking & Emergency Brakes Accumulator pressure
Right Thrust Reverser Accumulator pressure

NOTE:
If the # 2 system engine driven pump fails, but the hydraulic standby pump is operating, the standby pump will power the elevator and the rudder with # 2 system pressure.  On the ground, or in flight with the slats extended, the hydraulic standby pump will power the entire # 2 hydraulic system.  You may elect to power the entire # 2 system in flight with the slats retracted by placing the hydraulic isolation valve switch to the “Open” position.  This would most likely be done in order to use the emergency slat extension system if the entire # 1 system had failed and the # 2 system engine driven hydraulic pump has quit.  This is not likely, but it could happen.


Hydraulic System

The ailerons, elevator and rudder on the Falcon 50 are hydraulically boosted.  The sensitivity of the ailerons and elevaator is automatically adjusted as airspeed changes.  This is done by the “Arthur Q” system.  Strange name.  The letter “Q” is sometimes used to mean “Indicated Airspeed”.
It is equipped with airbrakes, leading edge slats, and trailing edge flaps, all operated hydraulically.  The landing gear is normally extended and retracted hydraulically.  Two means of emergency gear extension are provided, one hydraulic, and one mechanical.

The Falcon 50 is equipped with two hydraulic systems.  They are System 1, and System 2.  Each system has it’s own reservoir.  The reservoirs hold just over 2.6 gallons of MIL-H-5606 hydraulic fluid.  The 5606 does not deal with heat as well as skydrol, but does not eat the paint job off the airplane in the event of a leak.
The hydraulic engine driven hydraulic pumps on the Falcon 50 operate at 3,000 psi.  The standby hydraulic pump on System 2 may be used to provide between 1,500 and 2,150 psi.  It may be operated at or below FL 450 only.  The standby hydraulic pump should not operate for more than 60 seconds at a time.  Warning lights will illuminate if the pressure in a given system goes below 1,500 psi.

System 1

Two engine driven hydraulic pumps power system 1.  They are located on the accessory drive units of engines 1 and engine 2.  For preflight or maintenance purposes, the standby hydraulic pump may be used to pressurize System 1 on the ground.  There is a “Manual Flight / Ground” selector valve in the tail cone that must be positioned to ground in order to use the standby hydraulic pump to operate the system 1 components.

System 2

A single engine driven pump on # 3 engine powers system 2 during normal operations.  System 2 may also be powered by the “Standby” hydraulic pump that is powered by an electric motor.  This standby hydraulic pump may be used at or below 45,000 feet altitude.

System 1
# 1 & # 2 Engine 
Driven Pumps
System 2
# 3 Engine or Standby Pump (Left Main Bus)
Elevator Elevator
Ailerons Ailerons
Rudder Rudder
Elevator – Arthur Q Flaps
Aileron – Arthur Q Airbrakes
Landing Gear Nosewheel Steering
Slats-Normal Slats-Emergency
Normal Brakes Emergency Brakes
Thrust Reverser Parking Brake

Note:
The Standby Hydraulic Pump is powered by the Left Main
DC bus.   It’s control relay is powered by the  “A”  Bus.

As indicated in the above table, the primary flight controls are powered by both hydraulic systems.  Loss of one hydraulic system will not result in loss of hydraulic boost for the ailerons, elevator, or rudder.  In the event both hydraulic systems are lost, the airplane may be flown without boosted controls.  It won’t be as nimble, but unlike an Airbus or a DC-10, it won’t try and kill you.

Loss of System 1

Failed Systems Solution or Effect
“Q” Systems Highest Sensitivity Flight Controls
Slats Alternate Slat Extension
Brakes Emergency Brakes
Landing Gear Alternate Extension
Thrust Reverser Accumulator Operation

Loss of System 2

Failed Systems Solution or Effect
Flaps Inop
Emergency Slats Inop – Use Normal Slats
Emergency Brakes Normal Brakes or Accumulator
Parking Brake Accumulator Operation
Airbrakes Inop

Electrical System

DC System

The Falcon 50 electrical system makes 28.5 Volt DC power.  Two Nickel-Cadmium batteries are installed.  They are used to start the 4 gas turbine engines, one APU for electrical and bleed air on the ground, and three that make electricity and bleed air on the ground and in the air.  I should not forget to mention that they also make the plane go!     Where AC is needed, it is supplied by two primary and one standby inverter.

Voltage   28  Volt Norm 32 Volt Max
Generators FL 390 & Below
Above FL 390
Transient (5 Minutes)
  300 Amps
250 Amps
350 Amps
APU / Garrett
/ Solar
  250 Amps
300 Amps @ ISA + 23 C
265 Amps above
Inverter Output   750 VA
Batteries 1 & 2
Battery       3
  24 Volt / 23 Amp Hour
24 Volt / 04 Amp Hour

Batteries 120 C = Amber / Warm
150 C = Red / HotEngine Start

The two batteries are used to start the engines.  Under normal conditions, they operate in parallel.  The one exception is an engine start during extremely low temperatures.  When desired, a series start can be made.  Yes, 48 volts to the starter.  It spins the engine up a bit quicker that way.

DC Electrical Busses

The Falcon 50 electrical system is divided into two sides, a left, and a right.  The left main DC bus is powered the # 1 & # 2 generators.  The right main DC bus is powered the # 3 generator and the APU generator.  A ground power unit can power both busses.  The left main DC bus powers the left windshield heat, the standby hydraulic pump, the “A” Bus, and the “C” Bus.  The right main DC bus powers the right windshield heat as well as the “B” Bus and the “D” Bus.  The left and right main DC busses are normally isolated from each other.  They may, however, be connected through the use of a rotary type “Bus Tie” switch on the overhead panel.  If you wish to tie the main DC busses together rotate the bus tie selector 90 degrees from the “Flight Normal” position.  This closes the bus tie relay.  Loss of the # 3 generator could be one reason to do this.  Through the use of the bus tie switch, any generator may power any DC bus on the airplane that is needed in flight.  If electricity is in short supply, the “C” bus and “D” bus each have their own rotary switch that may be used to load shed either or both of these busses.

AC System

The # 1, # 2, and Standby inverters produce 115 and 26 Volt 400 cycle AC.  An optional  INS inverter only makes the 115 Volt AC.  The # 1 Inverter provides 115 Volt AC to the “W” bus, and 26 Volt AC to the “Y” bus.  These busses power mostly the Capatin’s instruments.  The # 2 Inverter powers the “X” bus with 115 Volt and the “Z” bus with 26 Volt AC power.  You gussed it, # 2 powers mostly the Co-Pilot’s insturments.  The “Standby” inverter may be used to power either side, but never both sides at once.  It can pinch hit for one failed inverter, but can not power both sides at once.

Ice & Rain Protection

Engine

The engine anti-ice system on the Falcon 50 is pretty much the same as on any other 731 powered airplane.  The engine’s P2/T2 probes are heated electrically.  The nacelle lip and stators are heated by LP bleed air.  The conical spinners are not heated.  If you have the bullet nose or “eliptical” spinners, your engines are older than the stick that Moses turned into a snake during a pissing contest with the powers that be in ancient Egypt    Those antiques were heated with bleed air.  The first 116 ariplanes came with the old style spinners from the factory.  Most have been updated.  The # 2 Engine anti-ice system has some additional duties.  The “S” duct, or center engine air intake is anti-iced with LP bleed air from the “common bleed air manifold.  It can therefore be anti-iced by bleed air from any of the three engines.  The “S Duct” inlet is anti-iced by # 2 engine HP air.  The anti-iced section of the “S duct” itself is heated by air from the common bleed air manifold.  If you are  anti-icing the engines and not the wing,  # 1 and # 3 HP bleed valves are closed, and # 2 HP bleed valve is open provided the HP2 switch is in “Auto”..  If “Auto” is selected # 1 and # 3 HP bleed valves open when wing anti-ice is selected.  The HP bleed valves close when electrical power is lost.
The engine anti ice should be on when the OAT / TAT is less than +5 deg C when visible moisture is present.  Engine anti ice must be off when the temperature is + 10 deg C or higher.

Airframe (Wing)

The airframe anti ice may not be used on the ground, or when the temperature exceeds + 10 deg C.

Minimum N1 RPM – Icing Conditions

TAT -30 C to -25 C -20 C to -10 C -10 C to -5 C 0 C to +10 C
Cruise 84% 81% 78% 73%
Approach 78% 78% 78% 73%
1 Engine Inop 91% 88% 84% 80%

Windshield Heat

There are 7 cockpit windows on the Falcon 50.  They are all heated electrically.  The Pilot and Co-Pilot windshield heat each have a three position switch.  The positions are OFF, NORM and MAX.  The Windshield Heat switches should be set to “Norm” prior to taxi, and left there for the duraiton of the flight.  They are selected independently, but should be in the same position for normal operations.  The three front windows, Center Windshield, Pilot’s Windshield, and Co-Pilot’s Windshield are heated.  The center windshield heat is contorlled on the left side by the Pilot’s Windshield Heat switch, and on the right by the Co-Pilot’s Windshield Heat switch.  Both of these switches must be selected to the same setting as to heat both sides of the center window at the same rate to prevent cracking.

Pilot Windshield Heat Co-Pilot Windhshield Heat
Power Source
Left Main DC Bus
Power Source
Left Main DC Bus
Control Circuit
Primary “A” Bus
Control Circuit
Aux “D” Bus

Note:    When the aircraft’s temperature is -15 deg C or colder, all the
cockpit windows must be heated for 15 minutes prior to taxi.

With both Windshield heat switches set to “Norm”, the three front windows are heated.  Power to these windshields cycles on at 25 deg C, and off at 30 deg C.  When set to “Max”, the system provides more power to the Pilot and Co-Pilot windshields, and a bit less to the center windshield.  The thermostatic control remains the same.  “Max” is for severe icing conditions where “Norm” may not be quite enough.  If one of the temperature control units fail, the oposite controler can control the heat on both windshields.  An amber “XFER” light will illuminate when this happens.
The “Side” window heat is regulated the same way as the front.  Both “DV” windows are contorlled by a temperature sensor in the right “DV” window.  The right aft window has it’s own regulator and temperature probe.  This controls the left aft window heat if the aircraft is so equipped.

Windshield Wipers

The Pilot’s and Co-Pilot’s windshields are equipped with windshield wipers.  When not in use, they are stored behind a fairing just below the windshields.  When selected on, the wipers cycle just under 3 times per second.  The left is powered by the Primary “A” Bus, and the right by the Aux “D” Bus.  Each side has a 3 position switch.  “ON” makes them run, “OFF” stops them where they are, and “Park” makes them stow.

Pitot / Static /AOA

The Pilot and Co-Pilot Pitot switches contol the heating of their own respective pitot tube and stall vane, as well as their own and the opposite static ports.  The Pilot’s pitot heat switch controls the TAT probe heat.  The Co-Pilot pitot heat switch contorls the heating of the AOA probe.

Pilot Pitot / Static Heat Co-Pilot Pitot / Static Heat
Power Source
Primary “A” Bus
Power Source
Aux “D” Bus

Environmental / Pneumatic System

Bleed Air

Bleed air is supplied from the enignes.  The 731’s generate 2 kinds of bleed air, LP and HP.  The LP source is the last stage of the N1 spool axial compressor.  The HP air is bleed from the centrifical N2 compressor.  It is the hottest and highest pressure bleed air in the engine.  Each enigne has two LP and one HP bleed port.  On the Falcon 50, the right hand LP bleed port on the # 3 engine is sealed.  On engines # 1 and # 2, the second LP bleed port provides air to pressurize the hydraulic resevoirs as well as the wing and feeder tanks.  This pressure is regulated as appropriate to the system it pressurizes.  The APU can supply bleed air on the ground only.  The engines can produce much more bleed air than the APU.  Advancing the thrust levers beyond a certain point closes the APU bleed valve.  APU bleed air is considered LP on the Falcon 50.
The Falcon 50 bleed air system has 8 switches.  One rotary type that controlls the isolation valve, and 7 that control LP and HP bleed air.  The isolation valve is normally open.  It can be closed to deal with smoke or other abnormal stuff.  The isolation valve is powered by “B” Bus through the # 3 HP Bleed circuit breaker.

The three switches on the bottom control the air supply to the cabin, cockpit and baggage compartment.  When selected Off, the valves are closed, ON they are open.  “AUTO” is the same as “ON” in flight.  “AUTO” on the ground closed the air conditioning valves when the throttles are advanced.  This is normal for takeoff.  The left hand 3 of the top switches control the “HP” air.  Off is obvious.  “Auto” allows # 2 HP to assist in “S duct” anti-icing duties when # 2 engine anti-ice is selected.  As far as engines # 1 and # 3 go, AUTO sends their HP bleed air to help out with the wing anti-ice.  PRV stands for pressure regulating valve.  In AUTO, this opens the # 2 HP valve to supply more air for pressurization at low power settings.
The nose cone / radome is cooled and pressurized by cabin air.  A manual valve allows cabin air to flow into the nose cone.  This air is ultimately discharged into the nosewheel well.  The manual valve is normally open.  On the ground, a  “C” bus powered DC motor drives a fan to cool the nose cone on the ground.

Environmental Cooling Units

There are two “ECU’s” installed on the Falcon 50.  They take hot bleed air, and run it through an air to air heat exchanger.  This heat exchanger is cooled by a combination of ambient air, as well as a small amount of cold air from the ECU itself.  Downstream of the heat exchanger, the now somewhat cooler bleed air drives an air turbine.  In doing so, it expands and gets cooler yet.  It is this air that enters the cabin, cockpit, and baggage compartment for cooling and pressurizaiton.  Some bleed air bypasses the ECU and is used to regulate the temperature.  This hot air that goes around the ECU’s is discharged into ducting, acting as a pneumatic jet pump that recirculates cabin air.

Oxygen

Minimum 650 PSI / Crew only. Below 10,000 ft.
Minimum 700 PSI / Crew + 10 Pax to FL 410
Max Dif = 9.1 PSI
Max Dif = 9.5 PSI with SB F50-163

Thank you aircabaviation for putting this together.

The Ultimate Twin Piston Airplane Buyers Tool

Choosing the right airplane for your mission is a difficult choice. I present an interactive, visual guide for choosing the right aircraft. We break down into 5-6 seats and 7+ seat twins, and lay out on a chart every plane where you can compare characteristics like TAS vs. Range, Useful load vs. range, TAS vs. GPH.

Click here to view the interactive tool. Use Tabs on top to navigate to different screens.

Screen Shot 2018-10-20 at 10.27.28 AM.png

 

We cover these 5-6 seat models:
Piper PA30B Turbo,Piper PA30B,Piper PA30C,Piper PA34 200 Seneca 1,Cessna 336 SL,Cessna 337G,H,Piper PA34-200 Seneca,Cessna 337F,Cessna 337C,Cessna 337D,Cessna 337E,Cessna 337A,Cessna 337B,Cessna 310A,Cessna 310B,Cessna 310H,Cessna 310I,J,Cessna 320,Beech 76 Duchess,Cessna 310F,G,Cessna 310C,D,Cessna 310K,L,N,Cessna 310P,Cessna 310 Q,Aero Commander 500U,Cessna 320A,B,C,Piper PA30C Turbo,Piper PA60-600A Aerostar,Aero Commander 500,Cessna 310R 75,Beech 50 B50 Twin Bonanza,Aero Commander 520,Piper PA23-235,Beech 50 C50 Twin Bonanza,Beech 50 Twin Bonanza,Cessna 320D,E,F,Beech 58 Baron 58,Aero Commander 500A,Aero Commander 500B,Piper PA23F,Piper PA23B,Piper PA34-200T Seneca 2,Beech 55 B55 Baron,Beech 58P Baron,Beech 58TC Baron,Aero Commander 500S Shrike,Cessna 335,Cessna 303 Crusdader,Piper PA60-601A Aerostar,Piper PA23C,Cessna 340,Piper PA23D,E,Piper PA23E Turbo Aztec,Piper PA34-220T Seneca 3,Beech 50 D50 B,C,E Twin Bonanza,Beech 55 E55 Baron,Beech 58 Baron,Beech 55 A55 Baron,Beech 55 Baron,Piper Aerostar 601P,Piper PA60-601B Aerostar,Piper PA60-601P Aerostar,Cessna 310R 79,Beech 55 C,D 55 Baron,Piper PA60-602P Aerostar,Beech 50 D50 A Twin Bonanza,Piper PA23F Turbo Aztec,Piper PA23C,D Turbo Aztec,Cessna 340A,Piper PA60-700P Aerostar,Piper Aerostar 700 SuperStar,Beech 56 A56TC Turbo Baron,Beech 56TC Turbo Baron,Beech 50 E50 F&G SuperChar Twin Bonanza,Beech 50 H&J 50 Twin Bonanza,Beech 60 B60 Duke,Beech 60 A60 Duke

And these 7-8 seat:

Piper PA30B Turbo, Piper PA30B, Piper PA30C, Piper PA34 200 Seneca 1, Cessna 336 SL, Cessna 337G,H, Piper PA34-200 Seneca, Cessna 337F, Cessna 337C, Cessna 337D, Cessna 337E, Cessna 337A, Cessna 337B, Cessna 310A, Cessna 310B, Cessna 310H, Cessna 310I,J, Cessna 320, Beech 76 Duchess, Cessna 310F,G, Cessna 310C,D, Cessna 310K,L,N, Cessna 310P, Cessna 310 Q, Aero Commander 500U, Cessna 320A,B,C, Piper PA30C Turbo, Piper PA60-600A Aerostar, Aero Commander 500, Cessna 310R 75, Beech 50 B50 Twin Bonanza, Aero Commander 520, Piper PA23-235, Beech 50 C50 Twin Bonanza, Beech 50 Twin Bonanza, Cessna 320D,E,F, Beech 58 Baron 58, Aero Commander 500A, Aero Commander 500B, Piper PA23F, Piper PA23B, Piper PA34-200T Seneca 2, Beech 55 B55 Baron, Beech 58P Baron, Beech 58TC Baron, Aero Commander 500S Shrike, Cessna 335, Cessna 303 Crusdader, Piper PA60-601A Aerostar, Piper PA23C, Cessna 340, Piper PA23D,E, Piper PA23E Turbo Aztec, Piper PA34-220T Seneca 3, Beech 50 D50 B,C,E Twin Bonanza, Beech 55 E55 Baron, Beech 58 Baron, Beech 55 A55 Baron, Beech 55 Baron, Piper Aerostar 601P, Piper PA60-601B Aerostar, Piper PA60-601P Aerostar, Cessna 310R 79, Beech 55 C,D 55 Baron, Piper PA60-602P Aerostar, Beech 50 D50 A Twin Bonanza, Piper PA23F Turbo Aztec, Piper PA23C,D Turbo Aztec, Cessna 340A, Piper PA60-700P Aerostar, Piper Aerostar 700 SuperStar, Beech 56 A56TC Turbo Baron, Beech 56TC Turbo Baron, Beech 50 E50 F&G SuperChar Twin Bonanza, Beech 50 H&J 50 Twin Bonanza, Beech 60 B60 Duke, Beech 60 A60 Duke

Hurricane Study by a Data Scientist: No alarming trend observed.

This report is a ground truth analysis on hurricane data. Surprisingly I am not seeing the explosive growth that documentaries show. I took the raw list of hurricanes from Wikipedia to make landfall in US 1850-2018 and did an analysis.

This is a “strength” study. Each hurricane gets points which is the square of its category, so cat 5 = 25 points, cat 2 = 4 points. It’s an annual study where we sum up the points of all hurricanes happening within one calendar year.

1.png

There is no clear pattern of exponential growth in strength. In fact in 2005 strength appears to be all time low. This is the same study by decade where we sum up the points of all hurricanes happening in 10 year periods.

7

You may think the exponential scoring is unfair, so we can try a linear. Here, the points assigned to each hurricane is equal to its category. So two cat 3 hurricanes in one year = 6 points.

8.png

This is a color coded study showing counts by hurricane category. Here I added a polynomial trend line. Over 200 years see a linear increase, but this could be attributed to missing data in the 1800s. Did locals on Barbuda have a telegram to tell mainland about a category 4 hurricane that passed over and wiped everything off the map? Unluckily. Today everything is documented from space and NOAA airplanes.

3.png

Again you can see in the 1980s there was an increase in # of category 2, (red), but we see the same back 1920s.

4.png

Above we show just category 3-5, we can see in 2010+ there are more category 4 than ever before, but there are far fewer cat 3 and no cat 5, and the 10 years prior had a record low, so not clear if there’s any pattern of intensification here.

Next up is an absolute count of hurricanes in north Atlantic (these typically pass through Caribbean). By pure count, we do see an upward trend. I added a 5 year trend line.

Again, I do wonder how accurate record keeping is from 1800s. The Caribbean and US had inhabitants and they could measure wind and send telegrams but did they really capture as much data as we get today? Pretty unlikely.

5.png

This graph covers just the more recent 1980-2018 time period, again, doesn’t look like a trend showing exponential growth.

6.png

Data Sources: I grabbed data from  Wikipedia Hurricane Data and Hurricane Atlantic Data. and cleaned it up for analysis

CFII Advice: trick to fly IFR into Linden Airport near minimums (KLDJ)

If you’re going IFR to linden in real IFR weather, think twice about this. If flying is inherently dangerous, and if approaches to minimums are the most dangerous part of flying, then this particular approach is a compound. This approach should never be attempted by new IFR pilots with weather near minimums. If you’re a seasoned IFR pilot, keep reading.

Newark Approach will force you to cancel IFR between the FAF and MAP. The MAP is the first opportunity to maybe see the runway. That means you’re always cancelling IFR before you have visual contact with the runway, and you cannot go missed.

Recall that VFR minimums in Golf daytime is 1sm vis and clear of clouds. That means in daytime, as long as you have 1sm vis and can remain clear of clouds, legally, you can cancel IFR and continue the approach legally VFR pilot nav.

Visibility is the most important thing. It’s 2.3nm from BAUTZ to the runway. So if visibility is less than 2.3nm you know you won’t be able to see the runway when you pass through the FAF and turn towards the airport. When you pick up the AWOS, make a note of this “see/no-see’ factor.

The IAP published minimums are 620′ and 2.5nm. So they want you to see at least the REIL at BAUTZ. But you’ve cancelled by then so you’re committed to do *something* and you better see the runway and fly a true direct course to it on runway heading maintaining altitude, doing anything else is extremely dangerous in those weather conditions and in that geographic area.

Now I would avoid at all costs flying this at minimums in low vis, but if you must, it’s possible to do relatively safely with a trick I’m going to teach you.

You see, what we really have here is an incomplete approach. It is a GPS-A because of newark arrivals, otherwise it would be a GPS approach, lined up with runway. They don’t want planes going missed right into the approach corridors of EWR.

But, with a small trick we can reconfigure the approach so the autopilot will fly us all they way to the runway.

In your flight plan, after MAP BAUTZ insert KLDJ as a waypoint. The autopilot will now turn right at BAUTZ and fly directly to the runway. You are at 620′ so don’t start descending yet. At 500fpm descent, it will take 1 minute to get to the threshold, in which time you’ll travel about 1.5nm. The runway is 4200′ long, or approximately 1sm.

On your GPS flight plan when you load the KLDJ GPS-A procedure you’ll see:

GEZSY (FAF)
3NM TO BAUTZ
BAUTZ (MAP)
VANER

and you want to change it to this:

GEZSY (FAF)
3NM TO BAUTZ
BAUTZ (MAP)
KLDJ <– INSERT
VANER

Now the autopilot will make that turn at BAUTZ direct to the runway and we have GPS distance and time remaining. However, the KLDJ waypoint is in the MIDDLE of the runway, not the approach end. We know the runway is 4140′ (round to 1sm for simplicity). Subtract 0.5nm or 20 seconds to get the actual distance and/or time to the threshold. So when the GPS says 1.5nm remaining, you’re actually only 1nm from the threshold.

Now you can use the seconds remaining and NM remaining to KLDJ to determine when you should start normal descent, and you’ll know exactly where to look for the runway. You’ll be on autopilot, you won’t be hand flying and doing crazy stuff. Just fly the approach normally. Lined up with the runway, the approach will be much easier to fly, and runway easier to see with this technique, and you won’t accidentally start descent too early and fly into a factory. (check NTSB for several fatal accidents that start early descend into LDJ).  If you’re planning a 500fpm descent, then 60+20=80 seconds remaining to KLDJ is when you want to begin your 500fpm descent to the threshold, no sooner.

Since you cancelled IFR before you reach BAUTZ, so that VANER point is not useful anyway, but keep it in your flight plan for emergency use in case you need to pick up IFR again.

The key for unfamiliar pilots is to not even try this approach if visibility is < 2.5nm. You know you won’t be able to see the runway when you turn out of BAUTZ.

With this reprogrammed GPS set up you’ll be less likely to try to hand fly it or descend too early or get disoriented. You should not disengage the autopilot until you’re in a position for a normal descent to the runway, which is about 1/3 of the way between BAUTZ and the runway.

It’s good to think about the worst case scenario too, where you can’t land. I would make a normal 180 degree turn to the right, away from EWR, fly the missed approach, radio ATC or EWR Tower and calmly tell them you need immediate IFR clearance, climbing through 1000′ over LDJ direct VANER. You’re flying away from newark so they won’t panic. .

Warning: there are tall towers and factory chimneys right below the extended center line, so do not begin descent until you have positive visual contact with the runway, and can see the terrain below you. It’s NJ, so lights don;’t always work, be especially cautious at night. Note that this procedure is NA at night.

It goes without saying, you should practice this first under VFR conditions. Use every opportunity with VFR weather to fly this approach as practice so when clouds are low you’ll be ready.

Fatal Accidents at LDJ

“THE ACFT HIT THE TOP OF A 75′ TREE & CRASHED JUST SHORT OF THE FAF. A WITNESS RPRTD THAT JUST BFR THE ACDNT, THE ACFT APPEARED TO ‘POP OUT’ OF A CLOUD AT ABT 100′ AGL IN A DSCNT”

During a traffic pattern approach, the airplane turned onto final and made a controlled descent into power lines. Contact was made approximately 48 feet above the ground, on runway centerline, about 1,500 feet from the displaced threshold.

Stock Market Bubble: Google Trends vs. Market data

Is the market in a bubble? Is a stock market crash coming?

Aggregate macroeconomic data is not showing any sings of weakness for previous month. Would be interesting to see sentiment analysis of “stock market bubble is about to burst” discussion around 2013 compared to now. I recall there was a lot of worry back then that market was at all time high. If you recall, around 2013 a lot of investors and analysts were talking about moving to cash positions anticipating recession.

Seems silly in retrospect, that was so long ago. 2013 was year of IPhone 5 and the beginning of Obama’s second term.

The data below represents 2004-2018.


above: Google Trends on “stock market bubble”,. you can clearly see in 2013 (red circle) it becomes a hot topic as S&P reached pre recession high. This can be thought of as a “pessimism graph”.


above: S&P 500 2004-current, notice the discussion correlates with S&P hitting pre-recession highs.


above: FRED unemployment data shows no signs of weakness.


above: S&P 500 volatility, lowest around 2013.


above: Here’s the Google Trends graph for “stock market crash”, similar pattern as the “stock market bubble” graph, but delayed.

Conclusion

Interestingly there seems to be no correlation between the discussion about a bubble/crash and the market itself. In fact it seems inverse, market is lowest volatility when discussion and pessimism is peaking. Before 2008 crash, it was a similar pattern, optimism was highest.

It may seem silly in hindsight, but to put this in perspective.. in 2013 this is all the information we had:

If we are to learn anything form this, is it to ignore the financial forecasters, doomsday callers and highly opinionated analysts.

Shortest runways in Caribbean

These are the shortest runways in Caribbean.
They come with their fare share of crashes like this Aztek in Saint Barts.

Notice the wheels don’t make contact until the departure-end 1000 foot white markers. The go-around should have been executed long before that, at the approach end 1000-foot markers.

11. Edward Bodden Airfield, Little Cayman – 998 metres or 3275 ft

10. Mustique Airport, Mustique (St Vincent & the Grenadines) – 992 metres or 3255 ft
9. Virgin Gorda Airport, British Virgin Islands – 945 metres or 3100 ft
8. Salt Cay, Turks & Caicos – 822 metres or 2697 ft
7. Auguste George Airport, Anegada (BVI) – 762 metres or 2500 ft
6. Union Island (SVG) – 752 metres or 2467 ft
5. Middle Caicos Airport (TCI)  – 750 metres or 2461 ft
4. Gustaf III Airport, St Barths – 650 metres or 2133 ft

3. John. A. Osborne Airport, Montserrat – 600 metres or 1968 ft

2. Codrington Airport, Barbuda – 500 metres or 1640 ft
1. Juancho E. Yrasquin Airport, Saba – 400 metres or 1312 ft

Why you shouldn’t buy a Total Stock Market fund

The problem with the Total Stock Market funds such as VTSMX (and with many other similar funds) is they are dollar weighted, not % weighted to large/small/growth/value.

From vanguard’s site:
Vanguard Total Stock Market Index Fund is designed to provide investors with exposure to the entire U.S. equity market, including small-, mid-, and large-cap growth and value stocks. 

It’s true there are small value stocks in there, but by % of portfolio, those represent only a small fraction.
For this reason I buy equal % large growth index and small value index, and do another % assignment to the emerging markets side.
It’s surprisingly tricky to figure out what % of the US stock market, by dollars, is Small Value. This may be representative way to determine what % is small value:

Vanguard small value  VISVX net assets: 1.95 billion

Vanguard large growth VIGRSX: 86.4 billion
vanguard large value VIVAX: 74.2 billion
That means if you buy a Total Stock Market Fund, only about 1% of your US equities is in Small Value, majority is in large growth/large value. I would want more diversification than that. 
Historically small value has outperformed large growth (but not in last 10 years). That means the performance of the total market fund should be very similar to large cap fund. Let’s compare.
71.49% vs 73.38% (5 years)
174.24% vs. 169.6% (14 years)

71.49% vs. 56.52% (5 years)
121.67% vs. 303.91% (16 years)

(above) Total Large Growth vs. Small Value
(above) Large Growth. vs. Total Stock Market
Summary..
  • Total Stock Market fund is basically a  Large Cap  fund
  • Small value funds historically outperformed large cap, since 2002 up 300% vs. 115% in large cap
  • By owning a Total Stock Market Fund, you’re not getting exposure to super performing Small Value index
Remember, small value companies are just that, small, and not doing terribly well. That means they have a lot of opportunity for growth. A large growth company like Microsoft does not have the same type of headroom.  It’s already a grown up.


Is it my thinking that is irrational, or is it the stock market?

Fun behavioral finance exercise. I give you choice of 2 investment opportunities.
You give me $10,000 and I give you..
1. $600 back every year, but 1 in 2 chance I lose half of your $10k in the 3-5 years. Tough luck.
2. $350 every year without risk, and you can take your $10k back any time.

Which do you choose? (we’ll come back to this)

The stock market is at an all time high, but so is FOMO. If you’re a rationally sane person, and your view is something like: “the market COULD go up a lot more.. but it’s already very high, so we might be coming up on a recession, and definitely slowing growth.”

You’re savvy, far above average, and take a holistic view. You don’t watch the stock tickers daily and over-react to headlines. You wait for something significant, like a geo political event.

Meanwhile you’re stuffing S&P and AMZN. You have some bonds (80/20?), but you’re concentrated into the market a lot more than you want to admit. The strategy is simple. When there are signs of trouble, before a crash occurs, sell off some portion, move into bonds and wait for the recession to pass.

Herein lies the problem. This is literally what every single investor in the market is thinking, from the quants to the retail. They are also rational, savvy, and have a strategy. You’re not actually above average. You’re average (by the very definition of the word). What’s worse is the system is rigged with self activating booby traps – shorts. Now clearly, not *everyone* can sell off at first signs of trouble before the crash occurs. They are one and the same thing.

It’s a little bit like going to a crowded underground dance club with only one exit door, everyone knows they are having some electrical problems and a fire might break out. But you’re smart – at the first signs of smoke you’re going for the exit door. Before the rush occurs. I hope it’s self evident how flawed this night club strategy is. Yet we view the markets differently.

You see, the idea of “first signs of trouble. before the crash” and “the crash” are actually the same thing. In fact, using the law of averages, you’ll be one of the last out that door.

Now if we mentally generate a probability distribution of 3 scenarios:

1. Market continues to rally like crazy, 15%-30% YoY
2. Market grows slowly, 6% per year tops
3. Market experiences a reset in next X years

Any rational, sane person would say (1) is least probable. That leaves (2) and (3). Which means if you’re heavily invested in the market, you’re investing in a measly, low 6% return vehicle (bonds are 3.5%!), with a HUGE risk of not just volatility but perhaps permanent loss. Notice this is the same scenario as in the opening exercise (see top of this article).

Is it my thinking that is irrational, or is it the market?

At what probability of (3) would you no longer take a concentrated position (2)?

These are crazy times my friends. The more things change, the more they stay the same.

Trump’s new tax plan is putting money in pockets of married couples in NYC


WOW! Trump’s new tax plan (2018) is taking money from single people and giving it to married couples. When did IRS become a federal marriage counselor?
Take a hypothetical NYC Wallstreet earner who declares $350,000 a year taxable income.
2017 single earner keeps $206k
2017 married keeps $215k
2018 single earner still keeps $205k
2018 married earner keeps $235k!
by getting married, in 2018, $30,000 tax savings. That’s enough to buy a brand new luxury car _every year_, or $2500 monthly payments on a mortgage $1M home!
$30,000 in _after tax savings_ is a huge amount of money in america.
What the fuck?
(above) tax savings for single earner. almost no savings at all!
(above) Tax savings  for married earner. almost 5% lower effective federal!
(above) Taxes in 2017 and 2018 for married earner.
(above) tax savings for 2017 and 2018 single earner (virtually no savings).