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Old 14-06-2017, 14:40   #31
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Re: How would you spend $1millon - with a twist

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and it would have to be a sailingboat not a catamaran
I see you are still trolling with the same tired old bait.
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Old 14-06-2017, 14:53   #32
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Re: How would you spend $1millon - with a twist

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Fuel cost is an insignificant expense in the big picture. Our boat will only consume around 225 gallons over a five month cruise covering 1500 miles. Sails cost $22,000 to replace.
Wow. We travel about 5000 nm per year, and use around 750 litres of fuel, (about 180 gallons) of which about half goes into the dinghy.

Our new sails cost $8000 last year. They'd done a bit over 30,000 miles.
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Old 14-06-2017, 15:48   #33
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Re: How would you spend $1millon - with a twist

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Let's see....

We cook via electric, watermakers, dive compressor, big freezer, big fridge, hot showers for two once or more per day, washing machine onboard. Yep, basically all the boxes checked. Diesel is amazing on how much energy is stored inside.

Forget hybid propulsion.... a total waste of money. Diesel takes care of everything for a lot less.
Hmm...You might make me to re-think my ideas. But I still believe in solar power. There's one important difference between solar/Li-Po setup and "mostly generator power" setup. Solar/battery setup is silent. I love that.
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Old 14-06-2017, 15:55   #34
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Re: How would you spend $1millon - with a twist

It would be the nicest Catana I could get for just under one million.
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Old 14-06-2017, 16:03   #35
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Re: How would you spend $1millon - with a twist

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Let's see....

We cook via electric, watermakers, dive compressor, big freezer, big fridge, hot showers for two once or more per day, washing machine onboard. Yep, basically all the boxes checked. Diesel is amazing on how much energy is stored inside.

Forget hybid propulsion.... a total waste of money. Diesel takes care of everything for a lot less.
It surely does, still, solar can be a nice addition.
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Old 14-06-2017, 16:07   #36
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Re: How would you spend $1millon - with a twist

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On a cold molded, or composite boat, most of the tool work will be mechanical in nature; rigging, engines, deck hardware. Otherwise the majority of the labor is cosmetic, meaning paint. And with a lot of power tools fiscally it makes the most sense to buy them (sometimes pre-loved) at the outset of the job, & sell them when you're done. Thus recouping 75-80% of what you spent on them. And I've little enough love for grinders to carry 7 of them around the globe with me, a couple are enough.
Other than the luxury of a drill press with a milling vise, I can't see having much in the way of fixed tooling onboard. Lots of hand & portable ones though. Some of which help to keep good will thoughout the fleet, or perhaps sometimes a bit of spares or stroes onboard.
What comes to my mind - mechanical tools, nice big set, not just basic one. That's already a lot. Few air tools can really help in some cases. Little air compressor for them. Hand drills. Heat gun. Paint tools (gun etc.) Grinder(s). Tools for fiberglass repair. Power washer can help in many cases, I think (can be electric, but industrial style, not little POS). Little milling machine, also used as drill press. Welder (for stainless and more). Sanders. Tools for electric and electronic repairs. AC/refrigerator tools (compressor etc.). Polisher.
Materials for fabricating some simple parts using all above. Supplies, all kinds. There's much more, but even what I've mentioned, will not be light.
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Old 14-06-2017, 16:24   #37
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Re: How would you spend $1millon - with a twist

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Hi All

First time poster on this forum, so will put in a bio sometime soon. In the meantime - while I'm sure everyone here can easily come up with a few options to blow (wisely spend?) a million on a boat, here are a few challenges to this (hypothetical) scenario:

- $1,000,000 to fund both your boat and full-time cruising, with the balance above what you spent on your vessel yielding 5%* return
- Your vessel has to be capable of circumnavigating - safely, with average crew under average conditions
- For the purpose of this exercise ignore large unexpected expenses, but normal maintenance costs would have to be covered by investment return
- Just try to make broad, reasonable assumptions on maintenance cost for the size and age
- By no means a requirement, but would be interested to hear thoughts for multihulls (the missus is prone to sea sickness)
- Include insurance cost if you like, though this gets more complicated as has to adjust by boat value
- Can include actual listings or just a theoretical, fair value vessel

So, a nice new $500k yacht would mean only $25k p/y for all other costs - though maintenance would be lower on a new, high quality, small vessel. $200k would mean $40k p/y spending but higher maintenance cost and repair time if used, or less safety/comfort doing longer passages.

I'm not trying to find the ultimate cost/comfort/cruising kitty combination, as this will be vastly different for each individual. Rather, I'd like to hear what your specific ideal scenario would be, to basically sail in perpetuity on $1mio.

*Long term 4% is more accurate but I like to skew a bit towards capital protection

Cheers!
I have an annuity that pays 7%
I am going the 40' $200,000 and collecting $56,000 (before taxes) to cruise on
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Old 14-06-2017, 22:27   #38
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Re: How would you spend $1millon - with a twist

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Hmm...You might make me to re-think my ideas. But I still believe in solar power. There's one important difference between solar/Li-Po setup and "mostly generator power" setup. Solar/battery setup is silent. I love that.
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It surely does, still, solar can be a nice addition.
We just added an extra battery charger and today our 450w of solar will come online. But like I said diesel stores a tremendous amount of energy, we're going with some solar mostly to eliminate listening to the generator one hour per day and for redundancy.

But there's no need to turn your boat into a solar farm.
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Old 14-06-2017, 22:41   #39
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Re: How would you spend $1millon - with a twist

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As others pointed out - many things are missing in OP. Age, ability and willing to do repairs/maintenance on the boat, current lifestyle (ability to live on cheap). Planning to go single handed or with wife/company. In my opinion, all these things make crucial impact on numbers.
I'm in similar position right now - trying to make similar decision. I'm in late forties. My life style - living on cheap, avoiding any dealers, brokers, services, parking fees, etc., etc.
I'm willing to learn ANYTHING that helps me to avoid stupid fees or charges.
And I know it will be same way if I'll buy the boat. So I HAVE to have big boat, which would be able to carry all the tools I need (lots of them - almost complete workshop!). Sailrite sewing machine - a must. Therefore - living on the hook almost all the time, ability to beach the boat (catamaran) - a must, avoiding all countries with stupid charges and fees. I'm absolutely fine with spending time for repairs and maintenance.
So, from my point of view - big nice used catamaran, 500-600K (I wish it would be 700-800K - so much more options!). Huge solar/battery bank, to minimize further fuel expenses. The rest of money - for cruising, spending EXTREMELY carefully. Never single handed - 4-6 persons onboard (probably 4), sharing expenses. Occasional private charter here and there, no advertising, only people I know, so under radar. Maybe video blog, with some potential income from it.
It would be nice to have some backup though (property for example) for emergency or retirement after cruising. If none, numbers should be adjusted.
Why would you spend all that money, then avoid countries that charge a cruising fee/tax? Doesn't make any sense at all.

Croatia for example, charges about $250 for three months of cruising. Why would you want to miss Croatia over a $100 per month "stupid fee" in your opinion? I know of other "cruisers" who seem to just sit around at moorings and marinas watching TV, trying to avoid fees, looking for free internet and doing nothing but complaining.

Pay the fees, back away from the computer and get out and start enjoying the cruising lifestyle. Yesterday we went snorkeling here in Croatia, there was more to see in the way of fish, sealife and scenery than most places in the Caribbean. Large schools of colorful fish everywhere, and great relatively inexpensive food in town at the many seaside restaurants.

Newsflash: If you own a $600k boat, don't be expecting the other four-six people to be sharing YOUR expenses.
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Old 14-06-2017, 23:29   #40
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Re: How would you spend $1millon - with a twist

People were avoiding Australia because of our $330 customs and AQUIS fee.

That allowed a foreign boat to stay for TWO YEARS.

Less than 50c per day, for some of the best cruising on earth.
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Old 15-06-2017, 00:46   #41
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Re: How would you spend $1millon - with a twist

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People were avoiding Australia because of our $330 customs and AQUIS fee.

That allowed a foreign boat to stay for TWO YEARS.

Less than 50c per day, for some of the best cruising on earth.
You're absolutely correct, some on this forum are simply so cheap and wanting/expecting stuff for free, that they miss the big picture. What's .50 per day?
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Old 15-06-2017, 01:14   #42
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Re: How would you spend $1millon - with a twist

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Originally Posted by 44'cruisingcat View Post
People were avoiding Australia because of our $330 customs and AQUIS fee.

That allowed a foreign boat to stay for TWO YEARS.

Less than 50c per day, for some of the best cruising on earth.


+1
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Old 15-06-2017, 02:14   #43
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Re: How would you spend $1millon - with a twist

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Why would you spend all that money, then avoid countries that charge a cruising fee/tax? Doesn't make any sense at all.

Croatia for example, charges about $250 for three months of cruising. Why would you want to miss Croatia over a $100 per month "stupid fee" in your opinion? I know of other "cruisers" who seem to just sit around at moorings and marinas watching TV, trying to avoid fees, looking for free internet and doing nothing but complaining.
$100 per month is not stupid. There are many places with way bigger fees, I was talking about these.

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Newsflash: If you own a $600k boat, don't be expecting the other four-six people to be sharing YOUR expenses.
I'm not expecting anything, but sharing expenses while sailing the world TOGETHER on big luxury sailboat seems fair to me. The Delos started their adventure this way - making some money TOGETHER, then go.
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Old 15-06-2017, 02:48   #44
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Re: How would you spend $1millon - with a twist

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I'm not expecting anything, but sharing expenses while sailing the world TOGETHER on big luxury sailboat seems fair to me. The Delos started their adventure this way - making some money TOGETHER, then go.
Might seem fair to you, but don't count on any sharing of the expenses on a $600-$700k boat.
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Old 15-06-2017, 03:25   #45
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Re: How would you spend $1millon - with a twist

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Might seem fair to you, but don't count on any sharing of the expenses on a $600-$700k boat.
Amel Super Maramu 2000 (Delos boat) worth not much less at the time they started cruising. In fact, from my point of view, finding another couple/company who actually willing to share not just pleasure but also expenses (before starting anything) - one of the keys to fun adventure.
For me - single handed - boring and makes no sense at all. Couple - better, but might/will become boring. 4 people (2 couples), who actually have psychological compatibility is the best.
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