Cruisers Forum
 

Go Back   Cruisers & Sailing Forums > Search Forums
Reload this Page Search Results
Cruiser Wiki Click Here to Login
Register Vendors FAQ Community Calendar Today's Posts Log in

Page 1 of 2 1 2
Showing results 1 to 25 of 28
Search took 0.00 seconds. Search: Posts Made By: letsgetsailing3
Forum: Liveaboard's Forum 22-12-2019, 14:09
Replies: 542
Views: 55,273
Posted By letsgetsailing3
Re: Budget Be Damned

If you were going from the U.S. to the med for a few years, I could see transferring some funds into Euro. Particularly if your plans involved buying a boat that's already there.

Otherwise, it's...
Forum: Liveaboard's Forum 22-12-2019, 12:07
Replies: 542
Views: 55,273
Posted By letsgetsailing3
Re: Budget Be Damned

If you know you're going to cruise in advance, you can always hedge currencies if you're at a favorable rate. You can just buy an ample amount of the currency that you think you'll be needing.
...
Forum: Liveaboard's Forum 22-12-2019, 11:54
Replies: 542
Views: 55,273
Posted By letsgetsailing3
Re: Budget Be Damned

When markets go up, they make everyone look like a genius. But there is data, collected over time, that indicate how people can invest safely and conservatively.

And I have found that the harder...
Forum: Liveaboard's Forum 22-12-2019, 10:06
Replies: 542
Views: 55,273
Posted By letsgetsailing3
Re: Budget Be Damned

Ferret it away to what?

The problem is that if someone had pulled their money out of investments two months or two years ago, they'd have likely missed out on some significant appreciation in...
Forum: Liveaboard's Forum 22-12-2019, 09:53
Replies: 542
Views: 55,273
Posted By letsgetsailing3
Re: Budget Be Damned

Come now. You brought up Trump as if it were relevant to this conversation. I didn't. His commentary, and the actions of the Fed, are publicly reported, and you can consider those as you decide...
Forum: Liveaboard's Forum 09-07-2019, 16:22
Replies: 542
Views: 55,273
Posted By letsgetsailing3
Re: Budget Be Damned

The way I see it, there are some securities/instruments that you'd expect a return from, even if there were nobody interested in trading ownership, and there are some instruments that are pure...
Forum: Liveaboard's Forum 09-07-2019, 11:29
Replies: 542
Views: 55,273
Posted By letsgetsailing3
Re: Budget Be Damned

I don't necessarily disagree. I said it was speculative.



But I didn't make the statement that you attributed to me.
Forum: Liveaboard's Forum 09-07-2019, 07:55
Replies: 542
Views: 55,273
Posted By letsgetsailing3
Re: Budget Be Damned

Crypto-currency isn't investing, it's speculation.
Forum: Liveaboard's Forum 07-05-2019, 08:03
Replies: 542
Views: 55,273
Posted By letsgetsailing3
Re: Budget Be Damned

That's more due to lack of diversification than the market, then. You can lose a lot of money in stocks even when the market is good.
Forum: Liveaboard's Forum 06-05-2019, 14:34
Replies: 542
Views: 55,273
Posted By letsgetsailing3
Re: Budget Be Damned

The second you put it all in the bank, it starts becoming worth less.

Inflation > savings interest rates.
Forum: Liveaboard's Forum 06-05-2019, 11:35
Replies: 542
Views: 55,273
Posted By letsgetsailing3
Re: Budget Be Damned

This isn't that kind of site.


Well, other than boat porn.
Forum: Liveaboard's Forum 06-05-2019, 08:30
Replies: 542
Views: 55,273
Posted By letsgetsailing3
Re: Budget Be Damned

I agree that it's a useful discussion. Nothing in any of my posts would be in contrast with that. And it does always work out in the end. Maybe not optimally if it isn't well thought-out.

This...
Forum: Liveaboard's Forum 05-05-2019, 17:16
Replies: 542
Views: 55,273
Posted By letsgetsailing3
Re: Budget Be Damned

Well, no. I'm open to any cruising model. Certainly in terms of sailboats someone can pay up front, or they will surely be paying later.

I find the data from the people who actually provide it...
Forum: Liveaboard's Forum 05-05-2019, 13:56
Replies: 542
Views: 55,273
Posted By letsgetsailing3
Re: Budget Be Damned

I believe you misconstrue some of the comments. Nobody is "naysaying" your finances, your economizing prowess, or your financial strategy. We were just saying that you weren't providing an actual...
Forum: Liveaboard's Forum 05-05-2019, 07:45
Replies: 542
Views: 55,273
Posted By letsgetsailing3
Re: Budget Be Damned

At 15 Euro a day, you're not including an awful lot of diesel, though it may be true that you're not using much.

But what doesn't seem to be included are boat storage costs, haul out and launch...
Forum: Liveaboard's Forum 03-05-2019, 09:13
Replies: 542
Views: 55,273
Posted By letsgetsailing3
Re: Budget Be Damned

Ah, so the secret of living on 15 Euro a day is not to include all of your expenses!

I can do that. But then, what about my other expenses?

:biggrin:

The interesting part are the boat...
Forum: Liveaboard's Forum 02-05-2019, 18:16
Replies: 542
Views: 55,273
Posted By letsgetsailing3
Re: Budget Be Damned

The best way to damn a budget is to kill it with kindness...
Forum: Liveaboard's Forum 02-05-2019, 10:47
Replies: 542
Views: 55,273
Posted By letsgetsailing3
Re: Budget Be Damned

There's a difference between an investment and a depreciating asset with carrying costs. If you keep it long enough, the value does go to zero.

Also, people tend to overvalue their...
Forum: Liveaboard's Forum 02-05-2019, 10:14
Replies: 542
Views: 55,273
Posted By letsgetsailing3
Re: Budget Be Damned

Agreed. Tell us how to get by on 15 Euro a day!
Forum: Liveaboard's Forum 02-05-2019, 09:39
Replies: 542
Views: 55,273
Posted By letsgetsailing3
Re: Budget Be Damned

This is the rule more than the exception.

People are trying to get value out of their boats, which makes sense. It's also why many find themselves doing a refit a year or two after they buy a...
Forum: Liveaboard's Forum 02-05-2019, 09:11
Replies: 542
Views: 55,273
Posted By letsgetsailing3
Re: Budget Be Damned

They're not saying it will be worth $0. What they're saying is that they're not counting on money from it in their financial plan. If they get some money out of it at the end, it will be found...
Forum: Liveaboard's Forum 02-05-2019, 06:40
Replies: 542
Views: 55,273
Posted By letsgetsailing3
Re: Budget Be Damned

How can this be possible? Don't you have two Oyster yachts? I don't even have one! :frown:


Do you really never eat at restaurants?
Forum: Liveaboard's Forum 01-05-2019, 16:42
Replies: 542
Views: 55,273
Posted By letsgetsailing3
Re: Budget Be Damned

There's also an issue with downpayments. One of the problems in 2008 was not requiring a 20% downpayment, so people can walk away if the value goes down to much.


I don't think they fixed that,...
Forum: Liveaboard's Forum 01-05-2019, 14:40
Replies: 542
Views: 55,273
Posted By letsgetsailing3
Re: Budget Be Damned

Was pretty easy to see the housing market bubble in 2008. People were taking out loans on their houses to buy cars and other stuff.

But it should be noted that people who didn't panic and abandon...
Forum: Liveaboard's Forum 01-05-2019, 12:03
Replies: 542
Views: 55,273
Posted By letsgetsailing3
Re: Budget Be Damned

There are lots of ways to measure value, but Tesla is certainly not representative of the overall market, and along with some other fairly large companies, I'd consider it to be speculative in...
Showing results 1 to 25 of 28
Page 1 of 2 1 2

 
Forum Jump


All times are GMT -7. The time now is 20:58.

Contact Us - Cruisers & Sailing Forums - Sitemap - Community Rules - Terms of Service - Privacy - Accessibility - Top

Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
close

Privacy Guaranteed - your email is never shared with anyone, opt out any time.


ShowCase vBulletin Plugins by Drive Thru Online, Inc.