Cruisers Forum
 


Join CruisersForum Today

View Poll Results: How much is enough (before you feel you can stop working and retire and go sailing)?
$1000 to $100,000 73 21.92%
$100,000 to $500,000 81 24.32%
$500,000 to $1,000,000 76 22.82%
$1,000,000 to $100,000,000,000,000,000s 103 30.93%
Voters: 333. You may not vote on this poll

Reply
 
Thread Tools Rate Thread Display Modes
Old 14-02-2007, 17:52   #61
Registered User
 
Sonosailor's Avatar

Join Date: Mar 2003
Location: Fredericton, NB, Canada in the summer and fall; Caribbean in winter and spring aboard Cat Tales.
Boat: FP Tobago 35 (and a H-21 SE)
Posts: 550
Images: 8
Small boat, no time in marinas, no restaurants with table cloths, etc. You can have fun going cheap. Just make it your game. Beats working. I got the right wife and we're happy. We're leaving for the Carib again in 2008
__________________

__________________
Sonosailor is offline   Reply With Quote
Old 14-02-2007, 20:29   #62
Senior Cruiser
 
Steve Rust's Avatar

Cruisers Forum Supporter

Join Date: Sep 2003
Location: Minneapolis MN
Boat: Searunner 40 Trimaran, Siruis 22 mono, 16 foot MFG daysailor
Posts: 515
Images: 82
I just hit my nest egg target which we started from a small windfall in '93. I will be starting a contract job soon that will run for about 1- 1.5 years that will pay me more than I have ever made before. After than I am done and gone. I am 49.
One thing I have learned in the last 15 years is you have to be in the "market" to create wealth. Most of us cannot do it on our wages alone. Up to now I have never made more than 40k a year. Take an active roll in managing your investments and educate yourself about the market. The overseas markets have outperformed the U.S. market for the last three years. Don't be limited to the U.S. market. I have about a about a 50-50 balance which is more than the "experts" recommend but I alway march to my own tune and have always made my own decisions and have never used a finacial guru. It can be gut wrenching at times and may not be for the faint of heart but there are less stressful ways thru mutual funds, equity index funds, and using finacial planners. Just get in one way or the other. Over the next year and a half I will be shifting a large portion of my portfolio over to income producing investments that will be more self-tending.
__________________

__________________
Steve Rust is offline   Reply With Quote
Old 15-02-2007, 04:01   #63
Armchair Bucketeer
 
David_Old_Jersey's Avatar

Join Date: Oct 2006
Posts: 10,013
Images: 4
Quote:
Originally Posted by Sonosailor
I got the right wife and we're happy
IMO that be the key to happy most things

Maybe someone should start a thread on finding the right one??
David_Old_Jersey is offline   Reply With Quote
Old 15-02-2007, 04:48   #64
Registered User

Join Date: Sep 2006
Location: Right now, Australia
Boat: Lagoon 420
Posts: 587
Images: 4
Now can you imagine the following thread starting in this board ......

"Hi - I'm new here. I've recently decided to go cruising and plan to go in five years time. I appologise if this has already been asked but can you knowledgable lot advise me on the right wife/husband to take with me"
__________________
Dignity on the web
ess105 is offline   Reply With Quote
Old 15-02-2007, 04:55   #65
Armchair Bucketeer
 
David_Old_Jersey's Avatar

Join Date: Oct 2006
Posts: 10,013
Images: 4
Quote:
Originally Posted by ess105
Now can you imagine the following thread starting in this board ......

"Hi - I'm new here. I've recently decided to go cruising and plan to go in five years time. I appologise if this has already been asked but can you knowledgable lot advise me on the right wife/husband to take with me"
Might make for another "lively" thread

I met my Missus on the Internet......... E-Bay
David_Old_Jersey is offline   Reply With Quote
Old 17-02-2007, 22:58   #66
Registered User
 
yona's Avatar

Join Date: Aug 2004
Location: HK
Posts: 24
We plan on leaving in less than 3 years. At that time my guesstimation is that we will have 900K-1200K and after buying the boat we will have 600K-900K.
At that time my wife and I will be 37 and our 3 kids will be 12, 8 & 2.
I am very conservative, so we plan to start cruising in cheaper places - The Philippine and Thailand and spend 10-20K a year. I am sure I can get a yearly return of 20-30% and probably higher. So with the years we will increase our budget.
__________________
yona is offline   Reply With Quote
Old 17-02-2007, 23:37   #67
Registered User
 
Zeus's Avatar

Join Date: Jan 2007
Location: Corinth Tx
Boat: 1975 Cobalt 18
Posts: 49
20-30% yearly return, please do tell what you have in your portfolio.
__________________
Zeus is offline   Reply With Quote
Old 18-02-2007, 05:02   #68
Registered User

Join Date: Jan 2007
Location: Fremantle Australia
Boat: Schioning 12.3 "Wilderness" Bi-Rig under construction
Posts: 558
Send a message via Skype™ to Whimsical
I put a lump into property trusts, both Aussy and international, 6 months ago. Current return is 24.5% or anualised 49%, not bad!
Mike
__________________
Whimsical is offline   Reply With Quote
Old 18-02-2007, 05:06   #69
Registered User

Join Date: Sep 2006
Location: Right now, Australia
Boat: Lagoon 420
Posts: 587
Images: 4
20%-30% or even higher is not unusual for individual years or even a lucky break of 2-3 years. An example of this is someone who puts all their savings into a deposit on a home just before a period of sustained price rises. Even the stock market can give nice gains over short periods but the longer term averages are well below this.

Over the long term these sorts of rates on passive investments are questionable. The higher the possible rate of return, the higher the risk. At these levels you're usually looking at investments where your entire principal is at risk - not for the faint of heart.

I'm hoping Yona is not falling into the trap of having a good couple of years
and basing future life plans around the assumption that gains can be sustained at these levels.
__________________
Dignity on the web
ess105 is offline   Reply With Quote
Old 18-02-2007, 05:10   #70
Registered User

Join Date: Sep 2006
Location: Right now, Australia
Boat: Lagoon 420
Posts: 587
Images: 4
Quote:
Originally Posted by Whimsical
I put a lump into property trusts, both Aussy and international, 6 months ago. Current return is 24.5% or anualised 49%, not bad!
Mike - you may be pleased to know that 24.5% in 6 months translates into an annualized return of 55% due to compounding.

This is a very nice return over the short term - love to hear from you in 4.5 years time and see where this stands. The best news would be that you've sustained these rates of return and you're not so much sitting on a crock of gold but a nice beach somewhere. At this rate though you could stay flat for the next 18 months and still be beating the markets.
__________________
Dignity on the web
ess105 is offline   Reply With Quote
Old 18-02-2007, 05:25   #71
Registered User

Join Date: Jan 2007
Location: Fremantle Australia
Boat: Schioning 12.3 "Wilderness" Bi-Rig under construction
Posts: 558
Send a message via Skype™ to Whimsical
ess
I don't expect it to hold up for that time frame. I just parked it there temporarially while I looked for some other property. If I get a few more months at that rate I will have paid for the Cat. Maybe I should have called the boat "Happy as a Pig in ****".

Mike
__________________
Whimsical is offline   Reply With Quote
Old 18-02-2007, 05:38   #72
Registered User
 
cat man do's Avatar

Join Date: Aug 2006
Location: Brisbane Australia [until the boats launched]
Boat: 50ft powercat, light,long and low powered
Posts: 4,409
Images: 36
Quote:
Originally Posted by Whimsical
I put a lump into property trusts, both Aussy and international, 6 months ago. Current return is 24.5% or anualised 49%, not bad!
Mike
Got a mate who work's in foreign investment for one of the big bank's on OZ who has had a result with these

http://www.am.australia.db.com/index...8600B0D068149B

I am about to put the slab down on a new house up north, and was thinking when it sells in 12 mth's I'll leverage up and look at a pile of these if my mate is still having a win.

Hopefully the return on that will allow me to get a couple of guy's in to help on labour for the boat, while I sit infront of the screen and make more $$$.

Mind you, i've had a 600% return on my dollar outlay on this house,on the current valuation and that is hard to beat.


Dave
__________________
"Money can't buy you happiness but it can buy you a yacht large enough to pull up right alongside it"...............David Lee Roth
Long Distance Motorboat Cruising – It Is Possible on a Small Budget
cat man do is offline   Reply With Quote
Old 18-02-2007, 07:43   #73
Registered User
 
yona's Avatar

Join Date: Aug 2004
Location: HK
Posts: 24
20%-30%

20-30% is not so extraordinary. More than 50 years ago Benjamin Graham already set a few simple ways to make more than 20% a year. There is no magic there, just buying assets well below their real worth.
Buffett, when he was young, made more than 50% a year. He claims that with less than 10 million dollars, he can guarantee such return even today. He would do that by buying micro caps and nano caps stocks, where there are more bargains. There are more than 10,000 listed companies in the US and if you look at foreign markets, the number is much higher. There are always bargings among these companies. One just need to look hard for these. You won't find them reading the Wall Street journal.
Less than a year ago I found a company in HK that had more than 130 million HK dollars in cash, it also had more than a few dozens of million in real estate. But the market value of this company was only 80-90 million HK dollars. It more than quadruple since then.
You can believe me or not, but there are more than a few people that can make a huge gains in the stock market.
O'Shaughnessy in his book "What works on Wall Street" shows a very simple technique to make 18% a year with Dow Jones companies, and how to make 28% a year with nano caps.
Greenblatt made more than 50% a year when he was young. And today when he has few Billions, he can still make about 40% a year. He also set a free web site with screener that historically made 30% a year.
I can go on and on…. But my 20-30% a year is quite conservative, and I will do it with taking very small risks.
__________________
yona is offline   Reply With Quote
Old 18-02-2007, 14:33   #74
Registered User
 
cat man do's Avatar

Join Date: Aug 2006
Location: Brisbane Australia [until the boats launched]
Boat: 50ft powercat, light,long and low powered
Posts: 4,409
Images: 36
Quote:
Originally Posted by cat man do
Mind you, i've had a 600% return on my dollar outlay on this house,on the current valuation and that is hard to beat.


Dave
Make that 6000% return

Dave
__________________
"Money can't buy you happiness but it can buy you a yacht large enough to pull up right alongside it"...............David Lee Roth
Long Distance Motorboat Cruising – It Is Possible on a Small Budget
cat man do is offline   Reply With Quote
Old 18-02-2007, 14:39   #75
Moderator Emeritus
 
GordMay's Avatar

Join Date: Mar 2003
Location: Thunder Bay, Ontario - 48-29N x 89-20W
Boat: (Cruiser Living On Dirt)
Posts: 31,592
Images: 240
The quickest way to get rich quick is to write a “Get Rich Quick” book, and sell it to poorer people.
The same holds true for gambling – write a “Foolproof System” book.

cat man do...
Please tell me where to buy a house for, say $50,000, and sell it for $300K, or better yet $3 million (6,000% return), in a single lifetime.
I thought I did Ok at about 380% over nearly 20 years. It still didn't amount to a hill of beans.
__________________

__________________
Gord May
"If you didn't have the time or money to do it right in the first place, when will you get the time/$ to fix it?"



GordMay is offline   Reply With Quote
Reply

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off




Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 17:21.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.