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Old 14-08-2017, 07:54   #106
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Re: If you had a million dollars.....

We have some invested in "safe" dividend paying stock. It pays 4%, which is really not very impressive. We are heavily invested in the real stock market......livestock. With the news that China will be importing US beef, we saw a significant rise in our net worth last week. I've tried to keep us as diversified as a couple of drop outs can be, and I feel like it's been a solid plan so far. Another bit of good news is, the property we decided to sell is worth 50% more than I had figured, according to the experts. We'll see if it sells at that price. Even more good news.....I've started turning my phone off and drinking a few beers every evening, and I think I like it. Who knows? At this rate, I may be fouling your anchors way ahead of schedule.
Cheers
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Old 14-08-2017, 11:10   #107
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Re: If you had a million dollars.....

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Originally Posted by denverd0n View Post
For most people, especially anyone near retirement age, investing ALL of your money in stocks is a very bad idea. "Asset allocation" is the term you want to search on.
Wifey B: Mark considers himself still to be young and projects 60 more years of life.
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Old 14-08-2017, 11:46   #108
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Re: If you had a million dollars.....

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We have some invested in "safe" dividend paying stock.
Wifey B: Glad you used speech marks ("). I got training on "safe" from hubby first time we decided to invest. First he showed me how unsafe the bank was vs inflation. Even the history of Montgomery Ward after WW II.

Then we looked at stocks and funds and stuff and I'd ask, "Is this safe?" All I ever got was "no." He said we'll choose the least unsafe and then diversify in case we're wrong.

My thought was why don't we just go to the casino. That's when he compared the broker and bookie.

Anyway, sleeping with a businessman for 17 years I've learned a lot. Diversification is the key word to me. Still hard for me sometimes not to want to jump on bandwagons, like buying Shopify in February for $55, then it goes over $100 in August. I resist the temptation though.

Maybe when we get back from our short trip to NYC, we should go to a Casino and play some poker.
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Old 14-08-2017, 15:01   #109
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Re: If you had a million dollars.....

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How's this for diversity? I'd already liquidated the Jamaican brew, but that was all part of my investment strategy.
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Old 15-08-2017, 07:55   #110
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Re: If you had a million dollars.....

Allocate $400K for a boat and 3 year cruising kitty. Put the rest in passive income producing investments. Get a boat a go. If you take care of the boat, when you sell it in 3 years and add the income from the investments, you will at least break even. And you will have memories that will last a life time.

In the end you will only regret what you did not do.
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Old 16-08-2017, 04:25   #111
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Re: If you had a million dollars.....

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Allocate $400K for a boat and 3 year cruising kitty. Put the rest in passive income producing investments. Get a boat a go. If you take care of the boat, when you sell it in 3 years and add the income from the investments, you will at least break even. And you will have memories that will last a life time.

In the end you will only regret what you did not do.
That's pretty much the plan we've got worked out. We are going to stack some cash in the next year, and hopefully the economy stays propped up so we get a good price out of our current boat next summer. Then we'll start the cat shopping and spend a winter or two learning and fixing before we set off. Anyone know off hand what the minimum bridge clearance is from the gulf to Evansville, IN? Surprise! Surprise! Navionics only shows about half of the bridge clearances.
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Old 28-08-2017, 10:40   #112
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Re: If you had a million dollars.....

I don't think this thought warrants a new thread.....yet. But, give me some feedback on this ridiculous idea.
How crazy would it be to buy a catamaran out of a charter fleet that was seaworthyish enough to make it to the mainland, but in need of some work with the intention of building some sweat equity? To be more specific, what we are considering is selling our houseboat next summer in time to buy a cat in the off season, sail/motor to Mobile where we would unstep the mast and motor on up the TennTom to KY Lake or the Ohio River, where we would be within two or three hours of home for the repairs/refit. I am good with most things mechanical/fabrication/welding/etc, so most things we wouldn't hire done. The end goal would be to give the Caribbean a go for a winter or two, at less of a financial risk when it's over, while still having a happy place to escape to that's relatively close to home while we prepare for bigger things. Dumb idea? Good idea? Somewhere in between idea?
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Old 29-08-2017, 05:58   #113
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Re: If you had a million dollars.....

Not a dumb idea, but...

Lots and lots of people do what you are talking about. And lots and lots of them get tired of all the time and money they are sinking into the boat, and give up before they ever get around to doing the sailing that was the whole idea in the first place.

My advice is, if you want a project, buy a project boat. Note that they are never called a "boat project," they are always called a "project boat." Because, first and foremost, they are a PROJECT. If you want a boat for sailing, buy a boat that needs only minimal updates to be ready to go.

But that's just my opinion. I'm sure you'll get some that are 180 degrees opposite. In the end, it is up to you how you want to spend your time and money.

Good luck.
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Old 29-08-2017, 07:08   #114
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Re: If you had a million dollars.....

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How crazy would it be to buy a catamaran out of a charter fleet that was seaworthyish enough to make it to the mainland, but in need of some work with the intention of building some sweat equity?
I haven't bought a boat out of charter (but many on the board have). If the intention is Caribbean sailing on the cheap and doing it now, I have to ask what projects you're actually going to do to it?

Consider that the charter boats have been working in the Caribbean for 3-10 years as they are. They are probably able to continue doing so just as they are with appropriate plans made in advance for any bad weather. If your intention is to cruise the Caribbean, why not just use it as is and leave it down there in the off-season? Especially if you're buying something in the 3-5 year old range.

I would think at most at the 10-year purchase point, you may want to change the standing/running rigging, possibly new sails, some light engine work on high hour diesels, adding solar, and upgrading the backing plates on the deck hardware. Some of this might already have been done, you can request to have it done before purchase, or it could be done down there in fairly short order. Most past threads recommend making the short hop from the BVI to St Martin's and taking advantage of cheaper material and labor prices/more options there.

Might be worth a PM to boatman who bought his Beneteau out of BVI charter and then sailed it to the UK. I think MarkJ did something like the same thing but kept going around the world.
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