Uh Oh, Again
- Thread starter El and Bill
- Start date
Matt,
I agree completely with you. I'm 'banking' on the hope that my boys will look back favorably on these boating trips and the time we spend together as a family.
A boat really isn't a necessity for me. I don't make my living off the boating industry, but I do view it as an investment in my relationship with my family. We seem to all be happiest when we're on the boat.
I've made some other investments that I regret in hindsight, but buying a boat isn't one of them. I'll never make money on this investment, but it does pay wonderful dividends.
As long as my family enjoys boating, I hope to out on the water. Hopefully I won't be living in a tent when I'm not on the water
I agree completely with you. I'm 'banking' on the hope that my boys will look back favorably on these boating trips and the time we spend together as a family.
A boat really isn't a necessity for me. I don't make my living off the boating industry, but I do view it as an investment in my relationship with my family. We seem to all be happiest when we're on the boat.
I've made some other investments that I regret in hindsight, but buying a boat isn't one of them. I'll never make money on this investment, but it does pay wonderful dividends.
As long as my family enjoys boating, I hope to out on the water. Hopefully I won't be living in a tent when I'm not on the water
How about others? Any thoughts of how the economic sea change has affected your boating plans?
Yes and no
I am still working 2 jobs as a microbiologist which is the invisible workforce providing lab testing to detect infectious diseases, ex novel H1N1 flu, Salmonella in peanut butter and other foodstuffs, E coli producing toxins in ground beef and spinach, etc in addtion to Strep throats, blood, CSF wound, UTI and respiratory infections. There is a shortage of lab personnel and the new ones IMHO lack the "Expect Anything" when it comes to the effort to detect these infectious agents b/c it is not routine work. Each culture and specimen is different just like the patients and their physicians.
We have not bought a C-Dory or a TomCat but have 2 investment homes. One was flooded last year and a total lost and dont expect a FEMA or state buyout anytime soon. The other home is in FL and hopefully is our retirement home. Our efforts have been to pay off these homes which we have and now this month our primary home will be paid off. We have one child in college and we are footing the bills with saving bonds purchased over 25 yrs and still buying them and now looking at 529 plans and student loans.
My wife will retire this year and if she wants can begin a second career as a teacher one of her dreams. (Mine, too) She worked full time and attended college part time for 20 years to receive her degree and soon can start using it
As others have stated better than I, we have reduced our debt and at the same looked for opportunities.
Her retirement plan is better than mine but I have a baby sitted my 2 plans maybe a third from my first employer, an Indianapolis, IN hospital, and are performing better the others but I check it weekly but I cant control the stock market and lost money on Delphi and GM and others have lost value but some provides dividends. It is the nature of the business and investing. I dont think I will retire from working in the lab b/c I still enjoy it and love working with new ones but it is sad when they move on and leave the field but I would like to take a leave of absence and is in the work but employers are reluctant to approve b/c in some areas, I am expert for whatever this means
We have a 14' foot boat FL and live on a canal so we enjoy the water and fishing but long to head out in the Gulf of Mexico and see the area and do some crusing.
Sorry for the long message but I read the CB postings often but not often enough and it is wonderful that so many members share their stories and lives that my wife and I always talking about your adventures and hopefully something we can met you and share our adventures
Yes and no
I am still working 2 jobs as a microbiologist which is the invisible workforce providing lab testing to detect infectious diseases, ex novel H1N1 flu, Salmonella in peanut butter and other foodstuffs, E coli producing toxins in ground beef and spinach, etc in addtion to Strep throats, blood, CSF wound, UTI and respiratory infections. There is a shortage of lab personnel and the new ones IMHO lack the "Expect Anything" when it comes to the effort to detect these infectious agents b/c it is not routine work. Each culture and specimen is different just like the patients and their physicians.
We have not bought a C-Dory or a TomCat but have 2 investment homes. One was flooded last year and a total lost and dont expect a FEMA or state buyout anytime soon. The other home is in FL and hopefully is our retirement home. Our efforts have been to pay off these homes which we have and now this month our primary home will be paid off. We have one child in college and we are footing the bills with saving bonds purchased over 25 yrs and still buying them and now looking at 529 plans and student loans.
My wife will retire this year and if she wants can begin a second career as a teacher one of her dreams. (Mine, too) She worked full time and attended college part time for 20 years to receive her degree and soon can start using it
As others have stated better than I, we have reduced our debt and at the same looked for opportunities.
Her retirement plan is better than mine but I have a baby sitted my 2 plans maybe a third from my first employer, an Indianapolis, IN hospital, and are performing better the others but I check it weekly but I cant control the stock market and lost money on Delphi and GM and others have lost value but some provides dividends. It is the nature of the business and investing. I dont think I will retire from working in the lab b/c I still enjoy it and love working with new ones but it is sad when they move on and leave the field but I would like to take a leave of absence and is in the work but employers are reluctant to approve b/c in some areas, I am expert for whatever this means
We have a 14' foot boat FL and live on a canal so we enjoy the water and fishing but long to head out in the Gulf of Mexico and see the area and do some crusing.
Sorry for the long message but I read the CB postings often but not often enough and it is wonderful that so many members share their stories and lives that my wife and I always talking about your adventures and hopefully something we can met you and share our adventures
Very interesting thread because the first thought that crossed my mind after reading El and Bill's "Keeping it Going" and "Black Swan" in Chapter One of their online book was "I wonder how they're managing now that the stock market/financial systems have tanked?".
The last twenty years saw one of the greatest bull markets of all time. Now it appears the entire world financial system is teetering on the brink of chaos/collapse -- even with the trillions already thrown at it.
How will this effect the C-Dory and general boating world? Well, I was online a few days back, talking to a Rossie 246 owner about his Great Loop trip (and the merits of that boat vs the C-Dory 25) and he mentioned that a long-time C-Dory dealer in Superior Wisconsin dropped the C-Dorys this year because the market is so soft. Personally, I'm putting off any major purchases and I have to assume a lot of other potential buyers are, too. I have a range of folding boats, a canoe and inflatables that will have to do their duty on the water teamed up with a far-ranging VW campervan (a terrestrial stand-in for the C-Dory 22). Compromises have to be made because retirement is fast approaching and financial storms are on the horizon. Canoes/kayaks/folders have no expensive engines, do not guzzle mega$$$ in gas and can be lugged around by any type of vehicle, including the little Smart cars. And I reckon they might even be able to do the Erie, Rideau and Trent-Severn Waterway canals -- or at least goodly portions of them. Up on Georgian Bay, there's direct water access at Killbear Provincial Park and other reserves. Down Florida way (winter use), there's the Apalachicola canoe/kayak route as detailed in a water guide published by the State government.
Being a fiscal conservative, I also like the approach Zvi Bodie uses in his tome "Worry Free Investing". Go with TIPS, iBonds or RRBs (Real Return Bonds) in the case of Canada. See http://zvibodie.com for details and be sure to have a look at his free online video series. No matter what happens inflation wise -- and with the money being printed these days, hyperinflation is likely around the corner -- you have your butts covered.
And that's a very good thing.
My philosophy? K.I.S.S.
Now if only I could stop thinking about those darn used C-Dory 22s. If I can stuff my wife, daughter and small dog into a Vdub van for weeks on end, I'm sure I could do the same with that fine craft, especially if I got a camperback thrown into the deal.... :shock:
Question for Casey: Why DID you get rid of Naknek? Was that level-headed decision made for financial reasons alone?
The last twenty years saw one of the greatest bull markets of all time. Now it appears the entire world financial system is teetering on the brink of chaos/collapse -- even with the trillions already thrown at it.
How will this effect the C-Dory and general boating world? Well, I was online a few days back, talking to a Rossie 246 owner about his Great Loop trip (and the merits of that boat vs the C-Dory 25) and he mentioned that a long-time C-Dory dealer in Superior Wisconsin dropped the C-Dorys this year because the market is so soft. Personally, I'm putting off any major purchases and I have to assume a lot of other potential buyers are, too. I have a range of folding boats, a canoe and inflatables that will have to do their duty on the water teamed up with a far-ranging VW campervan (a terrestrial stand-in for the C-Dory 22). Compromises have to be made because retirement is fast approaching and financial storms are on the horizon. Canoes/kayaks/folders have no expensive engines, do not guzzle mega$$$ in gas and can be lugged around by any type of vehicle, including the little Smart cars. And I reckon they might even be able to do the Erie, Rideau and Trent-Severn Waterway canals -- or at least goodly portions of them. Up on Georgian Bay, there's direct water access at Killbear Provincial Park and other reserves. Down Florida way (winter use), there's the Apalachicola canoe/kayak route as detailed in a water guide published by the State government.
Being a fiscal conservative, I also like the approach Zvi Bodie uses in his tome "Worry Free Investing". Go with TIPS, iBonds or RRBs (Real Return Bonds) in the case of Canada. See http://zvibodie.com for details and be sure to have a look at his free online video series. No matter what happens inflation wise -- and with the money being printed these days, hyperinflation is likely around the corner -- you have your butts covered.
And that's a very good thing.
My philosophy? K.I.S.S.
Now if only I could stop thinking about those darn used C-Dory 22s. If I can stuff my wife, daughter and small dog into a Vdub van for weeks on end, I'm sure I could do the same with that fine craft, especially if I got a camperback thrown into the deal.... :shock:
Question for Casey: Why DID you get rid of Naknek? Was that level-headed decision made for financial reasons alone?
Something else I forgot to add about the value of loved ones...
Last week a neighbor of ours -- a 37 year-old mother of three young kids -- died instantly after being hit by a car while she was out cycling. Kind of puts things into perspective. Her hubbie was a stickler for order and cleanliness and owned three, late-model emmaculate vehicles. Do you think they mean anything to him now? Do you think he'd trade them and the house -- and everything else that they owned -- for a few more decades with her?
Boats and most possessions are non-essential luxuries. Family and friends are the real deal. And they come along for free.
K.I.S.S. -- and keep it with family.
Last week a neighbor of ours -- a 37 year-old mother of three young kids -- died instantly after being hit by a car while she was out cycling. Kind of puts things into perspective. Her hubbie was a stickler for order and cleanliness and owned three, late-model emmaculate vehicles. Do you think they mean anything to him now? Do you think he'd trade them and the house -- and everything else that they owned -- for a few more decades with her?
Boats and most possessions are non-essential luxuries. Family and friends are the real deal. And they come along for free.
K.I.S.S. -- and keep it with family.
