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Subject: Re: [world-cruising] Thank you everyone...
JAXAshby@XXX.XXX
Date: Sun Apr 06 2003 - 20:19:26 EDT
In a message dated 4/6/2003 10:59:43 AM Eastern Daylight Time,
sherwood@XXX.XXX writes:
> I can't see putting major equity into a rapidly depreciating asset like a
> boat. Let
> a lending institution share the pain,
banks don't "share the pain ". You're on the hook for the entire amount of
the loan, plus interest. It's always cheaper to buy than it is to finance.
_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).
Nope. That's the financial equivilent of perpetual motion machine. If
things worked that way banks would skip the middle step (i.e., you) and make
money without risk at all. Why bother lending money to you?
>
> 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.
>
>
[Non-text portions of this message have been removed]
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