The average boat owning idiot.
On Wed, 21 Mar 2007 16:26:07 -0400, "Wilbur Hubbard"
wrote: 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? And you've done all of that, right? In your dreams. |
The average boat owning idiot.
" Got to go. Time to smoke a fine cigar and make love with one of my many female companions who love the life wealth can give them... Wilbur Hubbard Better be careful Neal, that cigar could melt a hole in those blow up dolls - Or, maybe thats what you want to do? Rubli W Drabbuh PS: Isn't it pityful that this guy still seeks attention on the net . No friends and the laughing stock of the Keys. |
The average boat owning idiot.
Just wanted to point out that all replies to this thread posted here are
crossposted to alt.sailing.asa . Just part of the trolls little game. |
The average boat owning idiot.
Besides your ranting because you can't afford a decent boat,
what is your point? Scotty "Wilbur Hubbard" wrote in message ... The average idiot buys a boat for say 100K and finances it for ten years. He fits it out and keeps it in a slip. The fitting out costs 20K, the slip costs 5K per year, the insurance costs 1K a year. Haulout for bottom paint 1K a year. Fuel 1/2K a year. After ten years the idiot has spent 250K paying back the loan, 20K fitting out, 50K slip fee, 10K insurance, 10K haulout, 5K fuel, oil, filters, etc. 345K invested in a 100K boat that perhaps can be sold in ten years for 75K. 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 |
The average boat owning idiot.
Thanks, I always did like that 'parable'. I heard it a bit
different, but the lesson's the same. SBV "RW Salnick" wrote in message An American businessman was at a pier in a small coastal Mexican village when a small boat with just one fisherman docked. Inside the small boat were several large yellow-fin tuna. The American complimented the Mexican on the quality of his fish and asked how long it took to catch them. "Only a little while, senor," replied the Mexican. The American then asked, "why didn't you stay out longer and catch more fish?" The Mexican explained that he had enough to support his family's immediate needs. The American then asked the Mexican how he spent the rest of his time. The Mexican fisherman said, "I sleep late, fish a little, play with my children, take siesta with my wife, stroll into the village each evening where I sip wine and play guitar with my amigos. I have a full life..." The American interrupted, "I am a Harvard MBA and could help you. You should spend more time fishing and, with the proceeds, buy a bigger boat. With the proceeds from the bigger boat, you could buy several boats. Eventually you would have a fleet of fishing boats. Instead of selling your catch to a middleman you would sell directly to the processor, eventually opening your own cannery. You would control the product, processing and distribution." "You could then leave this small coastal fishing village and move to Mexico City, then LA and eventually NYC where you will run your expanding enterprise." Then the Mexican fisherman interrupted, "but senor, how long will this all take?" The American replied, "15-20 years." "But what then, senor?" asked the Mexican. The American laughed, and said, "that's the best part! When the time is right, you would announce an IPO and sell your company stock to the public. You'll become very rich, you would make millions!" "Millions, senor?" replied the Mexican. "Then what?" "Then you could retire, move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siesta with your wife, stroll into the village in the evenings where you would sip wine and play guitar with your amigos." bob s/v Eolian Seattle |
The average boat owning idiot.
"Ernest Scribbler" wrote in message et... "Don White" wrote an ugly yellow boat with purple interior? It's mauve on gold, I'll have you know... that is *SO* gay! SBV |
The average boat owning idiot.
"Wilbur Hubbard" wrote in message ... 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. . . Perhaps not. What will you do with your million? Will you buy a boat but be unable to enjoy it due to the infirmity of advancing age? Will you pass it on to your kids, knowing full well that they'll just blow it on $250K boats? Or will you just sit around and total up your assets, while wondering why you had such a dull and uninspired life watching TV while others were out sailing? Max |
The average boat owning idiot.
"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. Relax, Lauri. You have to know Capt. Neal to understand his tirades. Max |
The average boat owning idiot.
"Gogarty" wrote in message ... In article , says... 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. (Snip) My wife, a former banker, runs the money in this house. She has done very well and had huge gains in her portfolios back at the peak of the dot com rage. I could see the bust coming. "Sell all," says I, "and buy a Super Marimu," which in those days was going for about $500,000. But nooooo.... Well, we can't afford to buy a Super Marimu today and we don't have the stocks either. We would be way ahead had we bought the boat. And having fun, too. Too bad. The Super Marimu is an outstanding cruiser--fast, comfortable, and strong as the proverbial brick relief facility . . . Max |
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