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Go Back   SailNet Community > Out There > Cruising & Liveaboard Forum > annual cost of crusing Carib 2012?
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Topic Review (Newest First)
01-02-2013 03:58 PM
MarkofSeaLife
Re: annual cost of crusing Carib 2012?

Quote:
Originally Posted by ehmanta View Post
These prices are EC (Eastern Caribbean). The exchange rate is .38 US to 1 EC dollar. so these prices are more reasonable than first appearances.
My senility must be on the attack. Sorry for the misinformation.
01-02-2013 03:01 PM
ehmanta
Re: annual cost of crusing Carib 2012?

Quote:
Originally Posted by MarkofSeaLife View Post
Restaurants in the Caribbean can be more expensive than home.

I bumped into the prices of a place in Grenada that cruises go... This is a very average pub style place with a band on Fridays, 5/10 pizzas and I would prefer Maccas for burgers.... But look at the prices!

Sandwiches and wraps
(All served with a choice of french-fries or traditional chips, garden fresh vegeta- bles or garden salad)
#1 Beef burger $25
Six ounces of freshly ground beef made with our secret mix of black pepper, rock salt and local herbs. Served open on a fresh, soft bap with
crisp lettuce, tomato, onion rings, dill pickles and a choice of toppings.
#1 Fish burger $25
Six ounces of freshly ground fish made with our secret mix of black pepper, rock salt and local herbs. Served open on a fresh, soft bap with crisp lettuce, tomato, onion rings, dill pickles and a choice of toppings.
B.L.T. Sandwich $20
Crispy fried bacon, fresh tomatoes and lettuce served between two layers of perfectly toasted bread
Club sandwich $28
Triple decker, brimming with chicken, bacon and salad.
Vegetable wrap $18
Warm wrap packed with freshly cooked garden vegetables. Chicken add $8
Prickly Bay Marina > Restaurant-Bar

In the USA you are getting a pretty good restaurant for those sort of dollars.
That's in Grenada, not St Barths!
These prices are EC (Eastern Caribbean). The exchange rate is .38 US to 1 EC dollar. so these prices are more reasonable than first appearances.
12-31-2012 09:05 PM
Minnewaska
Re: annual cost of crusing Carib 2012?

Maybe not rigged, but definitely not trading on fundamental value. It's essentially become an enormous day trading system.
12-31-2012 07:42 PM
smurphny
Re: annual cost of crusing Carib 2012?

You can still do your due diligence and invest in good companies but stock price has less correlation to the value of the company because of high speed trading, naked shorting, and the casino nature of the market. It's less about companies now, and more about technical analysis/computer algorithms and the next thirty seconds. This is why individual investors have pretty much thrown in the towel. The market is rigged and they know it.
12-31-2012 07:21 PM
wind_magic
Re: annual cost of crusing Carib 2012?

I don't think investors have anywhere left to run.
12-31-2012 04:50 PM
smurphny
Re: annual cost of crusing Carib 2012?

A good mix of solid oil div and distribution stocks/trusts are pretty safe as long as you can stomach the fluctuations in share price. As long as they keep paying out. Many have very reliable, long term histories. That, with some strong REIT stocks, some paying>10% would form a good basis for >5% yields. But there really is no such thing as safe. You have to do the homework.
12-31-2012 04:36 PM
Minnewaska
Re: annual cost of crusing Carib 2012?

Yup, no more free lunch. Most dividend/income funds are yielding 3-4%, which is consider outrageously better than the 1-2% you might get in short term bonds.

The problem is, even the pros pick a loser in the group. Someone stops paying their dividend or cuts it and the price of their stock tanks too. Now you have a lot of ground to make up.

I think an honest fairly safe taxable yield expectation these days is 3% less your income tax bracket. Sad but true.
12-31-2012 04:31 PM
smurphny
Re: annual cost of crusing Carib 2012?

You're right Minne. "Fairly safe" ain't what it used to be but with a good mix of the safest dividend/distribution stocks, 5% should be doable. You would have to actively manage it. There's no such thing as just depositing into a mutual fund anymore and getting 5-10%.
12-31-2012 04:23 PM
Minnewaska
Re: annual cost of crusing Carib 2012?

Quote:
Originally Posted by smurphny View Post
....In reality 800k should yield a reliable and fairly safe 5%. That's 40k/yr.
What fairly safe investment yields 5% these days, not to mention after taxes?
12-31-2012 04:15 PM
smurphny
Re: annual cost of crusing Carib 2012?

Once you have the boat, no house, no mortgage, no one to support, and especially no debt, the only variables would be unexpected repairs. You're independent and free. That sounds un-
American! You can budget within a few bucks what the other expenses will be: Normal boat maintenance (figure everything, from bottom paint to depreciation on stuff like engine and sails), food, entertainment, fuel, dockage/mooring fees, insurances, misc. This establishes a baseline that you can deviate from. If you plan your movements well, the prices of things are very predictable with all the info. now available. You can avoid the $25 burgers by just not going there. Without a good budget, costs could really get out of hand but doing one ahead of time can really give you the confidence to do it. Open a new Excel spreadsheet and lay it ALL out, month by month, a couple of years into the future. In reality 800k should yield a reliable and fairly safe 5%. That's 40k/yr. Plenty unless you go for the $25 burger every night.
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