Reddit Sailor - AMA (Ask Me Anything)

[night0wl]

I just spent 2.5 years sailing solo from the UK to Australia in a 26ft boat - Ask me anything. : IAmA

For those familiar with Reddits IAmA threads, heres one that we can all participate in!

[smackdaddy]

How do you scare up serious cash as you sail?

[krozet]

Originally Posted by smackdaddy

How do you scare up serious cash as you sail?

My plan is to have 150K invested @ an 8% return rate. Got just under 100K invested already, man this has been a fantastic year!

[MARC2012]

Where do you get 8%?Found 8% gross but only 4% net.Had to pay the two goons to break legs to collect.lol marc

[krozet]

Originally Posted by MARC2012

Where do you get 8%?Found 8% gross but only 4% net.Had to pay the two goons to break legs to collect.lol marc

I don't think this is the place to discuss investments, needless to say my largest 2 investments are Bank Of Montreal (receiving a dividend of 10.5%) and National Oil & Gas (receiving an 18% distribution). Since I will be retiring to cruise and the investments are held in an Registered Retirement Savings Plan I can draw out the dividends and distributions as my sole income. This will negate any tax penalties and since the plan is to pull just the 12K a year I will be in the lowest tax bracket further sheltering my money.

I love financial planning.