Next message: cirejay: "[world-cruising] Re: Retirement and boat materials"
Worry about yourself, Bill, because I'm in complete agreement:-)
Reading is great, and important, but one has got to do it.
eric S/V Nebaras
--- In , "Baumgart, James"
<james dot baumgart at s dot dot dot > wrote:
> Hi Bill, I find myself in a similar situation, except I live in
San Diego
> now (warm) and I've already completed a year-long cruise with my
family.
> Today I have a Catalina 25 that I sail nearly every day and take
on local
> cruises in the summer. You asked for links, so take a look at mine
> www.indiscipline.org <http://www.indiscipline.org> you'll find
my entire
> year-long voyage documented in words and pictures, plus lots of
stuff about
> my current 1978 Catalina 25 pocket cruiser.
>
> Everyone is different, but here is my thinking (along the lines of
the
> question you posed).
>
> Get a small boat now and sail it in all weather, all conditions,
and daysail
> plus go on cruises. A Catalina 25 can be had for $5000 and can
take you a
> lot of places, especially with a trailer. There's a great owners
group (I
> am Vice Commodore of the Catalina 25/250 National Association) at
> http://www.catalina25-250.org/ <http://www.catalina25-250.org/>
I love my
> C25 and a C25, 27 or 30 would certainly give you some
> sailing/cruising/maintenance experience right now without tieing
up a lot of
> money. Sail your pocket cruiser as much as possible, you'll need
the
> experience and to keep the dream alive. You also need to get alot
of
> experience with fiberglass and epoxy repairs. With a trailerable
cruiser
> you can go anywhere from Key West to the North Channel in Canada.
>
> You may not be able to take your loved ones on a year-long cruise
like I
> did, but you can certainly bareboat charter in the Carribean for a
couple of
> weeks each year.
>
> Get into your local racing circles and crew on as many boats as
possible.
>
> Read. Recent "how-to" books that you should get are "How to Sail
Around the
> World" Hal Roth, and "Modern Cruising" Don Dodds. Plus thousands
of others.
> I am never not reading a sailing book (or 3).
>
> Sell the house and everything when you retire. Buy a older,
fiberglass
> cruiser with room enough, but not too much. For me and my wife as
crew, I
> think it will be in the 36 to 40 foot range, with a Cal 39 seeming
like a
> very nice choice - but there are lots out there and the choice of
the actual
> boat is not very important as long as you can be comfortable on it
and the
> structure meets the needs of your cruising destinations. So many
boats
> don't have adequate tankage (ex Catalian 36). Don't buy the boat
now! 1
> year before you leave is early enough.
>
> Lets say I'm expecting to net about $500K from the sale of my
small farm.
> I'll buy a boat for no more than $75K, and have about a $25K
budget for
> repairs and equipment. I'll put about $300K aside for buying a
condo for
> when we get back from a 5 year cruise San Diego - Carribean -
Europe. $100K
> plus my retirement income in the kitty. Expected cruising budget
is
> $100/day. We'll be able to stay out for 5 years till the kitty is
dry.
> We'll have medical insurance (early retirement - planning to leave
my
> Government job at 57 years old). Your numbers will be different,
but you
> get the idea. Don't go cruising with a house, cars, etc. you
can't use.
> Don't spend all the money on the boat and equipment. Don't buy a
boat that
> will take too much maintenance (wood, steel, aluminum). I'd stay
away from
> Ferrocement as its an unknown and unlikely to be a highly
performing boat.
> Do buy a well known boat, well maintained, well equipped, where
the flaws
> are known and fixes available. $75K to $100K gives you thousands
of
> choices. Don't buy new. Get a boat that performs well in light
air, can be
> reefed down for heavy, and has a decent underbody for where you
are going.
> Don't wait too long!
>
> When you get back, sell the boat, swallow the anchor, and you've
got maybe
> $350K to decide where you want to live. I'll probably get a condo
near
> Mission Bay and go back sailing my C25 every day until the day
they dump my
> ashes in the Pacific from its cockpit ... but who knows? Maybe we
won't
> come back and live in Malta or Barcelona. Maybe we'll retire in
Costa Rica?
> Live in New Zealand? Al options are open since we have money in
the bank
> and not in a house we can't use.
>
>
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> [Non-text portions of this message have been removed]
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