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Subject: RE: [world-cruising] Thank you everyone...
sherwood@XXX.XXX
Date: Sun Apr 06 2003 - 03:36:02 EDT
Mouseherder has been a major source of information and inspiration for me, but I
must respectfully disagree on this point:
> I'm no financial planner type, but those who are will likely start talking about
> opportunity costs and what you could do with the $100k if you got a fairly low
> interest boat loan, but with the economy in the shape it is in and rates of return
> being what they are right now, I'd suggest outright purchase on a modest scale,
> given your plans and prospects.
I can't see putting major equity into a rapidly depreciating asset like a boat. Let
a lending institution share the pain, _especially_ if rates are low compared to the
equity or bond markets (I prefer the bond markets at the moment, but we're all
walking on ever-shifting sands these days). Let someone else's money work for you
whenever possible, especially when the price of money is low. You might even be able
to end up 3% or 4% to the good (in other words, your investment helps pay for your
mortgage).
I'm not a financial planner either; that's just my $.02 on a minor point in the
grand scheme. YMMV. Overall, I buy Rick's key advice: go simple, go small, go now.
Phil Sherwood
s/v Elysium (Gulf 32 pilothouse sloop)
San Juan Island, WA
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