Originally Posted by MarkJ
(I know your post was in jest )
The BOAT is a one-off capital expense. And its NOT the major expense in a round the world or long term cruise. The major expense is the money used each day to survive and maintain.
A 5 year circumnavigation is a reasonable dream for many. $100k on a boat is 'mid-range', and monthly say (no, not say $500!) $1800-$2,000 per month (See Fatty Goodlander recent CW) = say $20,000 per year x 5 years = $100k
So folks NEED an investment for that $100k to try to make it bigger (or get it to that level) whilst they are slumming under a palm tree.
When the crash happened in 2008-09 many people we met in the Pacific were living off their share portfolio. They were the people devastated.
NOT the people who are investing now.
My advice is to get your money into shares quick smart. And if you are too scared then just put in half your money.
Wait. My post was in jest? Really?
You know someone should tell me these things so I don't missread my own posts!
In anycase, I would argue that cruising requires an proper understanding of your funding
sources. And such an understanding requires some sort of "researve" for when those funding
sources do something stupid. (like crash to less than half their value in 2008, or your renter decides to leave your rent house in a total mess.)
The nice news is that if the people you knew were able to hang on for about a year, they should be almost back where they started in the share markets. Even more so if one can take into account the nature of dividends and interst.
I'm not as sure as yourself about putting money into the share markets in the US right now. I like dividends. IMHO, dividends are the reason to invest in stocks. Regardless of what the stock prices does, the dividends pay you to wait. I'm not seeing stocks that "nice" in the way of dividends yeilds. I'm also not seeing bond yeild that are that "nice" eighter. They're not terrible like they were 3 years ago, but they're still not "nice" right now like they were ~1 year ago in the US.
There might well be a bit of a slow down in the Western economies in the next 6 months. If that is the case, there might well be enough panic in the streets to get some decent blue chip stocks with NICE dividend yeilds. If not, so be it.