Bzzt. Slightly more than 5%, and it's not a boat loan! My IRA return is
nearly double that. Real Estate (so far) is triple or better.

--
"j" ganz @@
www.sailnow.com

"Maxprop" wrote in message
ink.net...

"Capt. Rob" wrote in message
oups.com...
Fine. Let's calculate an example. Let's say that a Beneteau 35s5 is
going
for $64k and you have a down payment of 10%. Show me how you are going
to
save money, or at least not lose any, by financing the boat. We'll
assume
you have sufficient money in relatively liquid assets to purchase the
boat
outright.

Wow. Max, you don't know much about money do you? Many people can make
more money with a 64K cash investment spent elsewhere that would easily
outrun the losses for financing the boat.

Really? Show me--and I won't take your opinion for fact. I'd like to see
some hard evidence. Most boat loans are going to be in the 6-9% category
(probably at the high end for Jon), and I doubt if you can do better than
that investing the same amount of money in low-risk paper. My
tax-deferred municipal bonds are producing less than 5% currently, and
they never exceed the going consumer loan rates. I cite munis because
they are the most secure investments I have. CDs are generally doing
about 4% or less, and relatively low-risk mutuals aren't doing a whole lot
better, but these are probably going to come closer to the banks' consumer
loan rates than any other investment. And they are far from risk-free.
2001-2003.

Unless you plan to keep her
forever, you're only "leasing" her in effect anway. Why hand over the
entire amount if you plan to trade up anyway in 5 years? In our case we
bought the boat outright, but there were serious financial profile
factors to consider as well for us.

Whatever.

Max

"Capt. JG" wrote in message
...
Bzzt. Slightly more than 5%, and it's not a boat loan! My IRA return is
nearly double that. Real Estate (so far) is triple or better.

Please give me the name of the investment firm doing your IRA--according to
MONEY magazine, the best in the country are just barely doing better than 6%
yield. As for real estate, big money can be made in your area, but only if
you invested some time ago. I'm betting that you don't have the means to
invest in anything of substance today, considering that just about anything
bigger than a postage stamp in the Bay Area goes for megabucks. If you have
the means to make those sorts of RE investments, you have the means to buy
your boats for cash. And that's my point--unless you can get a high rate of
return on investments you can afford--better than the interest on your boat
loan (or your home equity loan, if that makes you feel better)--you're
better off paying cash for the boat. From a strictly financial basis,
you're better off not buying a boat at all.

Let me ask you this, Jon: if your home equity loans are so cheap and your
investments so damn productive, why haven't you maxed out your home equity
and invested it?????

Max

Max

Please give me the name of the investment firm doing your
IRA--according to
MONEY magazine, the best in the country are just barely doing better
than 6%
yield.


BWAHAHHAHAHAA! Money magazine is some source! We do a lot better than
6% yield. I'm sure Jon does too and he's be nuts to hook you up with
his firm. Getting a good rate is an art. Of course Money Magazine
reports real world stats for real world shmos. When we considered
getting yacht financing we were all set for a rate of 4.99 % over 15
years with 10% down. Now look around and see what the "best" rates are.
That's better than a NEW boat term. You have to know people and make
some friends, but the better rates are out there.

RB
35s5
NY

"Capt. Rob" wrote in message
ups.com...
Please give me the name of the investment firm doing your
IRA--according to
MONEY magazine, the best in the country are just barely doing better
than 6%
yield.


BWAHAHHAHAHAA! Money magazine is some source! We do a lot better than
6% yield. I'm sure Jon does too and he's be nuts to hook you up with
his firm. Getting a good rate is an art. Of course Money Magazine
reports real world stats for real world shmos. When we considered
getting yacht financing we were all set for a rate of 4.99 % over 15
years with 10% down. Now look around and see what the "best" rates are.
That's better than a NEW boat term. You have to know people and make
some friends, but the better rates are out there.

Well, I guess I asked for this. You're smarter than everyone and everything
else. Why not the experts in the financial press, too?

Max

"Maxprop" wrote in message
nk.net...

"Capt. JG" wrote in message
...
Bzzt. Slightly more than 5%, and it's not a boat loan! My IRA return is
nearly double that. Real Estate (so far) is triple or better.

Please give me the name of the investment firm doing your IRA--according
to MONEY magazine, the best in the country are just barely doing better
than 6% yield. As for real estate, big money can be made in your area,
but only if you invested some time ago. I'm betting that you don't have
the means to invest in anything of substance today, considering that just
about anything bigger than a postage stamp in the Bay Area goes for
megabucks. If you have the means to make those sorts of RE investments,
you have the means to buy your boats for cash. And that's my
point--unless you can get a high rate of return on investments you can
afford--better than the interest on your boat loan (or your home equity
loan, if that makes you feel better)--you're better off paying cash for
the boat. From a strictly financial basis, you're better off not buying a
boat at all.

Well, I agree with your last statement, but I like to sail. It's a curse
really.

You're also making some assumptions that are not valid... e.g., where I
invest in RE.

Let me ask you this, Jon: if your home equity loans are so cheap and your
investments so damn productive, why haven't you maxed out your home equity
and invested it?????

Why do you think I haven't? (A rhetorical question)

Max

Max

"Capt. JG" wrote in message
...
"Maxprop" wrote in message
nk.net...

"Capt. JG" wrote in message
...
Bzzt. Slightly more than 5%, and it's not a boat loan! My IRA return is
nearly double that. Real Estate (so far) is triple or better.

Please give me the name of the investment firm doing your IRA--according
to MONEY magazine, the best in the country are just barely doing better
than 6% yield. As for real estate, big money can be made in your area,
but only if you invested some time ago. I'm betting that you don't have
the means to invest in anything of substance today, considering that just
about anything bigger than a postage stamp in the Bay Area goes for
megabucks. If you have the means to make those sorts of RE investments,
you have the means to buy your boats for cash. And that's my
point--unless you can get a high rate of return on investments you can
afford--better than the interest on your boat loan (or your home equity
loan, if that makes you feel better)--you're better off paying cash for
the boat. From a strictly financial basis, you're better off not buying
a boat at all.

Well, I agree with your last statement, but I like to sail. It's a curse
really.

You're also making some assumptions that are not valid... e.g., where I
invest in RE.

Let me ask you this, Jon: if your home equity loans are so cheap and
your investments so damn productive, why haven't you maxed out your home
equity and invested it?????

Why do you think I haven't? (A rhetorical question)

You've already indicated that you haven't by stating that you either have,
or plan to, take a home equity loan to buy your boat.

Max

"Maxprop" wrote in message
nk.net...

"Capt. JG" wrote in message
...
"Maxprop" wrote in message
nk.net...

"Capt. JG" wrote in message
...
Bzzt. Slightly more than 5%, and it's not a boat loan! My IRA return is
nearly double that. Real Estate (so far) is triple or better.

Please give me the name of the investment firm doing your IRA--according
to MONEY magazine, the best in the country are just barely doing better
than 6% yield. As for real estate, big money can be made in your area,
but only if you invested some time ago. I'm betting that you don't have
the means to invest in anything of substance today, considering that
just about anything bigger than a postage stamp in the Bay Area goes for
megabucks. If you have the means to make those sorts of RE investments,
you have the means to buy your boats for cash. And that's my
point--unless you can get a high rate of return on investments you can
afford--better than the interest on your boat loan (or your home equity
loan, if that makes you feel better)--you're better off paying cash for
the boat. From a strictly financial basis, you're better off not buying
a boat at all.

Well, I agree with your last statement, but I like to sail. It's a curse
really.

You're also making some assumptions that are not valid... e.g., where I
invest in RE.

Let me ask you this, Jon: if your home equity loans are so cheap and
your investments so damn productive, why haven't you maxed out your home
equity and invested it?????

Why do you think I haven't? (A rhetorical question)

You've already indicated that you haven't by stating that you either have,
or plan to, take a home equity loan to buy your boat.

Max

But what if I have more than one house? g

--
"j" ganz @@
www.sailnow.com

"Capt. JG" wrote in message
...
"Maxprop" wrote in message
nk.net...

"Capt. JG" wrote in message
...
"Maxprop" wrote in message
nk.net...

"Capt. JG" wrote in message
...
Bzzt. Slightly more than 5%, and it's not a boat loan! My IRA return
is nearly double that. Real Estate (so far) is triple or better.

Please give me the name of the investment firm doing your
IRA--according to MONEY magazine, the best in the country are just
barely doing better than 6% yield. As for real estate, big money can
be made in your area, but only if you invested some time ago. I'm
betting that you don't have the means to invest in anything of
substance today, considering that just about anything bigger than a
postage stamp in the Bay Area goes for megabucks. If you have the
means to make those sorts of RE investments, you have the means to buy
your boats for cash. And that's my point--unless you can get a high
rate of return on investments you can afford--better than the interest
on your boat loan (or your home equity loan, if that makes you feel
better)--you're better off paying cash for the boat. From a strictly
financial basis, you're better off not buying a boat at all.

Well, I agree with your last statement, but I like to sail. It's a curse
really.

You're also making some assumptions that are not valid... e.g., where I
invest in RE.

Let me ask you this, Jon: if your home equity loans are so cheap and
your investments so damn productive, why haven't you maxed out your
home equity and invested it?????

Why do you think I haven't? (A rhetorical question)

You've already indicated that you haven't by stating that you either
have, or plan to, take a home equity loan to buy your boat.

Max

But what if I have more than one house? g

What if the moon is made of green cheese? :-p

Max

Usable cheeze or old meat....

--
"j" ganz @@
www.sailnow.com

"Maxprop" wrote in message
ink.net...

"Capt. JG" wrote in message
...
"Maxprop" wrote in message
nk.net...

"Capt. JG" wrote in message
...
"Maxprop" wrote in message
nk.net...

"Capt. JG" wrote in message
...
Bzzt. Slightly more than 5%, and it's not a boat loan! My IRA return
is nearly double that. Real Estate (so far) is triple or better.

Please give me the name of the investment firm doing your
IRA--according to MONEY magazine, the best in the country are just
barely doing better than 6% yield. As for real estate, big money can
be made in your area, but only if you invested some time ago. I'm
betting that you don't have the means to invest in anything of
substance today, considering that just about anything bigger than a
postage stamp in the Bay Area goes for megabucks. If you have the
means to make those sorts of RE investments, you have the means to buy
your boats for cash. And that's my point--unless you can get a high
rate of return on investments you can afford--better than the interest
on your boat loan (or your home equity loan, if that makes you feel
better)--you're better off paying cash for the boat. From a strictly
financial basis, you're better off not buying a boat at all.

Well, I agree with your last statement, but I like to sail. It's a
curse really.

You're also making some assumptions that are not valid... e.g., where I
invest in RE.

Let me ask you this, Jon: if your home equity loans are so cheap and
your investments so damn productive, why haven't you maxed out your
home equity and invested it?????

Why do you think I haven't? (A rhetorical question)

You've already indicated that you haven't by stating that you either
have, or plan to, take a home equity loan to buy your boat.

Max

But what if I have more than one house? g

What if the moon is made of green cheese? :-p

Max