"Lauri Tarkkonen" wrote in message
...
In "Wilbur Hubbard"
writes:


wrote in message
...
Net loss of 270K. You pay 27 thousand dollars a year to use your
boat
a dozen or so weekends a year. Stupid, just plain stupid!

Think about it.

Wilbur Hubbard

Now Wilbur do the math if the idiot did not purchased a boat.
Show with concrete evidence what happened to the 270K that what not
spend buying and maintaining a boat.


If that sum wasn't spent on something else stupid and useless as far
as
investment is concerned it could be invested in something that would
give a reasonable return. Things like land, stocks, bonds, gold(in the
last ten years), If you get a 10% return per anum your 270K will be
worth 540K in ten years. In twenty years it makes you a millionaire.
So
you trade millionaire status for the privilege of owning a 100K boat?

That's totally insane. . .

Wilbur Hubbard

I do not know what gives you the right to call someone with different
preferences than you an idiot.

Long time ago, I bought a small sailing boat, for some amount of
money,
my brother in law a financial wizard said: I would not but my money in
boats, I get much better return in buing some stock from the market.
I asked him: How can you sail with the stock? He told me, of course
you
do not sail with the stock, but after you sell them I have more money
than you when you sell the boat. I was sailing the boat, enjoying the
sea and the archipelago, even could take him on a ride, that he
enjoyed
a lot. Say, whatever you please, I might be stupid to invest the money
in a boat, it does not only give me some days or weeks at the seas, it
gives me dreams in the winter about future sailing trips and nice
memories for the previous ones. Of course you might say that your
dreams
about getting more money to be invested in some more stock or gold are
better dreams than mine or your fond memories of keeping the money in
your hand or looking at the balance of your check account might be
more
beautifull than mine memories of the perfect sunset in the
archipelago.

You may keep your dreams of the $$$$$$, but for many sailors the
dollars
have any value only if they can be used to buy the memories of a
perfect
sailing trip. So you might feel you are a better human being as you
have
more dollars than me, but I was able to provide the brother in law an
unforgettable experience in my sailing boat, that he could not do for
me, as I did not get more kicks of looking at his bank statement than
I
wold get bu looking of my own.

You may still call us idiots, but we are happy idiots, but I know many
people thinking your way, and they are unhappy, as they are afraid
that
the value of their stock will just evaporate, but I know that my fond
memories will be there for ever. When I die, I have at least had the
experience and my children might come to **** on my grave for spending
my money in a sailing boat and not leaving them piles of $$$$$. By the
way, they are not sailors, but they have told that they give much
value
of the days they have spent on sea with me in my boat, and they do not
need any money from me.

- Lauri Tarkkonen

Your entire post is a screed on the virtues of selfishness when it comes
to financial matters. I think any real man would be happy to leave an
inheritance to his children provided his children were worthy of it,
that is. Real men make enough money so they have plenty for their own
pleasure with plenty to pass on to their offspring. It's the right way
to do things.

But, everybody is missing the point which point is not that you should
not buy a boat but that you should not FINANCE a boat. Save your pennies
and buy a boat outright that you feel you can afford. Put it on a
mooring and save the dock fees. Be responsible and self-insure. You will
fine yourself enjoying your boat even more when you realize you have
been responsible about it.

Earn your money first; spend it second. You will find it is oh so much
easier to spend wisely when you earned your money first because they you
will know the value of a dollar the better.

Wilbur Hubbard