Armageddon as an excuse - SailNet Community

   Search Sailnet:

 forums  store  


Quick Menu
Forums           
Articles          
Galleries        
Boat Reviews  
Classifieds     
Search SailNet 
Boat Search (new)

Shop the
SailNet Store
Anchor Locker
Boatbuilding & Repair
Charts
Clothing
Electrical
Electronics
Engine
Hatches and Portlights
Interior And Galley
Maintenance
Marine Electronics
Navigation
Other Items
Plumbing and Pumps
Rigging
Safety
Sailing Hardware
Trailer & Watersports
Clearance Items

Advertise Here






Go Back   SailNet Community > General Interest > General Discussion (sailing related)
 Not a Member? 


Reply
 
LinkBack Thread Tools
  #1  
Old 10-01-2008
lbdavis's Avatar
Member
 
Join Date: Apr 2007
Location: Portland, ME
Posts: 560
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 8
lbdavis is on a distinguished road
Armageddon as an excuse

Has any one been using data such as the graph below to start investing in their boats to use as future migratory homes?



The way I figure it, I'll skip the bread lines and head south after hurricane season and head back north before the heat.

Plus, I figure I can't lose any more money if I put in my boat than I will if I leave it in my investments.
__________________
S/V Gracie
P303
Reply With Quote Share with Facebook
  #2  
Old 10-01-2008
Senior Member
 
Join Date: Dec 2003
Posts: 1,356
Thanks: 1
Thanked 14 Times in 13 Posts
Rep Power: 11
capttb is on a distinguished road
I've put all my money in dried food, toliet paper, small gold coins and shotgun shells, when the food, fuel, and water riots start I point the boat south.
Reply With Quote Share with Facebook
  #3  
Old 10-01-2008
smackdaddy's Avatar
Last Man Standing
 
Join Date: Aug 2008
Posts: 13,015
Thanks: 82
Thanked 75 Times in 69 Posts
Rep Power: 9
smackdaddy is a jewel in the rough smackdaddy is a jewel in the rough smackdaddy is a jewel in the rough
Oh man, when a sailboat starts looking like a good investment - that truly is Armageddon.
Reply With Quote Share with Facebook
  #4  
Old 10-01-2008
eherlihy's Avatar
Learning the HARD way...
 
Join Date: Jan 2007
Location: Boston Area
Posts: 3,458
Thanks: 107
Thanked 56 Times in 55 Posts
Rep Power: 8
eherlihy will become famous soon enough
From the online version of Practical Sailor;

"On the topic of money: The news coming out of Wall Street called to mind an article I read a few years after the economic meltdown in the late 1980s. The story documented a family’s low-budget circumnavigation.

The underlying theme of the story—cruising doesn’t have to be expensive—was easily recognizable. It was the same message the Hiscocks, the Pardeys, and countless others sailing writers have been trying to get across for decades. What stood out to me in this article was the punch line, uttered upon the family’s return to the U.S.. “Recession, what recession?”

Mostly by luck, the family had shoved off when the nation’s economic situation looked especially dire. When they returned, the dust had settled, jobs were plentiful, and the economy was booming again. Their tale was familiar to me. More than a few of our fellow cruising sailors during the early 1990s were young professionals who’d lost their jobs in corporate downsizing. Rather than fight for scraps in the shark tank, they took their meager savings and went sailing. When they finally returned to the workaday world, they had no trouble picking up where they left off.

So . . . if the news out of Wall Street is getting you down, look at it this way. It’s one more reason to go cruising – now. The way things are going, you won’t be missing much."
Reply With Quote Share with Facebook
  #5  
Old 10-01-2008
Delirious's Avatar
Pearson 31-2 #80 ('87)
 
Join Date: Dec 2001
Location: Upstate NY
Posts: 374
Thanks: 0
Thanked 1 Time in 1 Post
Rep Power: 13
Delirious is on a distinguished road
That's what I was thinking. Wonder how far it is to Denmark? You never hear: "The Denmark Econony is in Peril".

'Course I don't speak Dennish.
__________________
Charlie P. P31-2 #80 CATNAP

To travel hopefully is a better thing than to arrive - R.L. Stevenson

I suspect that, if you should go to the end of the world, you would find somebody there going farther . . . - H.D. Thoreau
Reply With Quote Share with Facebook
  #6  
Old 10-01-2008
sab30's Avatar
Senior Member
 
Join Date: Oct 2006
Posts: 240
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 8
sab30 is on a distinguished road
Just so you are aware this is when those seasoned investors start to pick up the good deals...as one said to me this is the time when the undervalued shares of well run profitable companies are returned to their rightful owners...when we start hearing those words...doomsday, armageddon..you have reached "capitulation" and market buyers step in a little bit at a time...

Warren Buffet - To invest successfully over a lifetime does not require a startospheric IQ, unusual business insight, or inside information. What is needed is a sound intellectual framework for decisions and the ability to keep emotions from corroding that framework Do not let emotions get in the way of a sound intellect..make a smart business decision...ohh and buying a boat never has been a smart business decision...but a day on the water sure is a nice escape from reality
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Sab30
Reply With Quote Share with Facebook
  #7  
Old 10-01-2008
Senior Member
 
Join Date: Apr 2003
Posts: 4,192
Thanks: 50
Thanked 37 Times in 36 Posts
Rep Power: 14
knothead has a spectacular aura about knothead has a spectacular aura about knothead has a spectacular aura about
Quote:
Originally Posted by lbdavis View Post
Has any one been using data such as the graph below to start investing in their boats to use as future migratory homes?



The way I figure it, I'll skip the bread lines and head south after hurricane season and head back north before the heat.

Plus, I figure I can't lose any more money if I put in my boat than I will if I leave it in my investments.
I don't need a graph. My gut tells me my boat is my ace in the hole.

What does that graph represent anyway?
Reply With Quote Share with Facebook
  #8  
Old 10-01-2008
lbdavis's Avatar
Member
 
Join Date: Apr 2007
Location: Portland, ME
Posts: 560
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 8
lbdavis is on a distinguished road
Quote:
Originally Posted by knothead View Post
I don't need a graph. My gut tells me my boat is my ace in the hole.

What does that graph represent anyway?
That's the DOW for the last 12 months. 14,000 to nearly 10,000. Almost -30%. I wonder if everyone's boats have depreciated 30% in the last 12 months?
__________________
S/V Gracie
P303
Reply With Quote Share with Facebook
  #9  
Old 10-01-2008
lbdavis's Avatar
Member
 
Join Date: Apr 2007
Location: Portland, ME
Posts: 560
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 8
lbdavis is on a distinguished road
Quote:
Originally Posted by eherlihy View Post

Mostly by luck, the family had shoved off when the nation’s economic situation looked especially dire. When they returned, the dust had settled, jobs were plentiful, and the economy was booming again. Their tale was familiar to me. More than a few of our fellow cruising sailors during the early 1990s were young professionals who’d lost their jobs in corporate downsizing. Rather than fight for scraps in the shark tank, they took their meager savings and went sailing. When they finally returned to the workaday world, they had no trouble picking up where they left off.

So . . . if the news out of Wall Street is getting you down, look at it this way. It’s one more reason to go cruising – now. The way things are going, you won’t be missing much."
Nuf said. See you suckers later!!!
__________________
S/V Gracie
P303
Reply With Quote Share with Facebook
  #10  
Old 10-01-2008
Senior Member
 
Join Date: May 2008
Location: California
Posts: 180
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 7
J36ZT is on a distinguished road
I don't think you need to use an impending economic doom or "Armageddon" as an excuse to go sailing or start the voyage for an extended cruise. But...it sure does help!

Skipper, J/36 "Zero Tolerance"
Reply With Quote Share with Facebook
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

 
Posting Rules
You may post new threads
You may post replies
You may post attachments
You may edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Sorry mate my anchor dragged! Ilenart General Discussion (sailing related) 41 03-27-2008 10:04 AM
rigid vang for small sloop or... Any excuse to upgrade. jbarros Gear & Maintenance 2 10-16-2003 02:01 PM


All times are GMT -4. The time now is 10:50 PM.

Add to My Yahoo!         
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.1
(c) Marine.com LLC 2000-2012

The SailNet.com store is owned and operated by a company independent of the SailNet.com forum. You are now leaving the SailNet forum. Click OK to continue or Cancel to return to the SailNet forum.