Salty
New member
A happy thought for the festive season. SWMBO was reminding me over a mince pie and glass of sherry about the money we were saving since offloading the financial black hole which was our boat, when an irrefutable counter-argument came to mind, the conclusion to which is that owning a boat saved us a (small) fortune:
I came into a bit of money in 1999 the vast majority went into buying our first yacht. The rest went into more conventional investments. If it hadn't been for the boat, most would have gone into saving for a rainy day. When I look at what happened to those investments - a lump sum into an Equitable Life pension (gulp) and a few shares and unit trusts, all of which are worth less than a third of what I paid for them, I thank my lucky stars that we bought the yacht - aside from the enjoyment it proved a sound financial decision too (or at least relative to my others).
So, just remember those arguments when being asked to weigh up the merits of a new set of sails or a sofa in the sales over Christmas.
Happy Xmas all.
<hr width=100% size=1>
I came into a bit of money in 1999 the vast majority went into buying our first yacht. The rest went into more conventional investments. If it hadn't been for the boat, most would have gone into saving for a rainy day. When I look at what happened to those investments - a lump sum into an Equitable Life pension (gulp) and a few shares and unit trusts, all of which are worth less than a third of what I paid for them, I thank my lucky stars that we bought the yacht - aside from the enjoyment it proved a sound financial decision too (or at least relative to my others).
So, just remember those arguments when being asked to weigh up the merits of a new set of sails or a sofa in the sales over Christmas.
Happy Xmas all.
<hr width=100% size=1>
