Role of asset depreciation in larger (60f) boats

Bigplumbs said:
I am interested in your use of the word Earn
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well to get where I am now it involved going from 1 person in IT (me) to employing 50 in IT with the majority of those their first jobs out of uni. And generally working from 7 in the morning to 11 at night on an e-commerce website. Admittedly I would stop for dinner but not usually lunch.
 
TonyR123 said:
well to get where I am now it involved going from 1 person in IT (me) to employing 50 in IT with the majority of those their first jobs out of uni. And generally working from 7 in the morning to 11 at night on an e-commerce website. Admittedly I would stop for dinner but not usually lunch.
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Like many others a well trodden path .
Hey Big lumps this guy sums it up . :D
 
TonyR123 said:
well to get where I am now it involved going from 1 person in IT (me) to employing 50 in IT with the majority of those their first jobs out of uni. And generally working from 7 in the morning to 11 at night on an e-commerce website. Admittedly I would stop for dinner but not usually lunch.
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As impressive as that is, I don’t think employing university graduates will impress any of our working class heroes ??
 
My goodness me there’s some crap being spurted in this thread…..

“You can easily see a 16-18% return on your money at the moment……”

which begs the question why are people settling for 5 or 6% returns on commercial property purchases or indeed a single % on a good day in the bank?

I’d gladly transfer £1 million tomorrow if I thought for one moment it was going to return nearly £200k per year.

Now consider the depreciation. You can’t say that because a 12 year old boat is worth £300k a new one will be worth £300k in 12 years.

The old boat was £600k new but inflation and spec development means the new one is a million. It likely that the new boat will be worth £500k in 12 years because a new one will be £1.8 million by then.

Absolutely, in pure depreciation a used boat wins hands down but the gap isn’t quite as much as the thread suggests and as has been mentioned there are some cost savings and other benefits with the new boat.

Henry
 
henryf said:
My goodness me there’s some crap being spurted in this thread…..

“You can easily see a 16-18% return on your money at the moment……”

which begs the question why are people settling for 5 or 6% returns on commercial property purchases or indeed a single % on a good day in the bank?

I’d gladly transfer £1 million tomorrow if I thought for one moment it was going to return nearly £200k per year.

Now consider the depreciation. You can’t say that because a 12 year old boat is worth £300k a new one will be worth £300k in 12 years.

The old boat was £600k new but inflation and spec development means the new one is a million. It likely that the new boat will be worth £500k in 12 years because a new one will be £1.8 million by then.

Absolutely, in pure depreciation a used boat wins hands down but the gap isn’t quite as much as the thread suggests and as has been mentioned there are some cost savings and other benefits with the new boat.

Henry
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Only idiots miss quote Henry , chop sentences , I know you are not one ? - I think ? I do hope I am not starting “ posting crap “ in such an assumption?

You missed a few crucial words off .

“could easily make 16 / 18:% in a medium risk equities portfolio” *

Speak to your financial adviser(s) .
Oh Google the word “ risk “ for your own clarity .

Btw - keep up the good work buying new some one has to start the cascade . :D

* From my post #11
 
So what are you saying now? That actually your quoted “easily 16-18%” comes with a fair chance of my only not getting the promised 16-18% but actually losing some or all of the money?

Makes me happier in my choice of relatively miserly property investments.

So back to reality then with normal people who take normal / zero risks and don’t have the skill or time to nurture their money what are we saying? 3%, 4% maybe 5%?

And my point about residual price of the new boat holds true.

Maybe now isn’t the right time to buy new if there’s been a run on them and everything is making list but as soon as things get back to normal and a few deals are available we will be buying another new boat and will be very happy with the depreciation on our new 2012 boat.

Henry
 
In you little dig at me for buying new you also failed to grasp one important aspect to buying new. As a commercial operator we claim the VAT back. You can’t do this with a used boat and selling a “plus VAT” used boat opens up a number of attractive options for would be buyers. The person buying from Eire in another thread wouldn’t have had any problems with our boat as an example.

Just because you choose not to buy new please don’t assume that those who do are any less intelligent, and as you say ultimately if it wasn’t for people like us people like you wouldn’t have any boats to buy.

Henry
 
Portofino said:
“could easily make 16 / 18:% in a medium risk equities portfolio” *

Speak to your financial adviser(s) .
Oh Google the word “ risk “ for your own clarity .
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Sorry for the huge thread drift.... but people keep telling me this, and I have no doubt this has been the case for a few years now... but I don't see it as sustainable long term? The economies of the world typical grow at 2-3% if you're lucky, so surely 16-18% a year growth in equities is either "catch up" or "bubble" and future returns will be lower?

On the other hand, if you can suggest where to put money that is likely to get 16-18% a year then I'm in! Tell me where?! :)

Thanks :)
 
What I am saying is what i said .
“could easily make 16 / 18:% in a medium risk equities portfolio”

If you don’t have the skill and time like I expect many inc me btw , theses portfolios are managed by experts .
You clearly do not understand much about them ? Maybe 100-200 companies spread all over the world continually managed by say UBS , Fidelity + many more .They sell rotten ones and switch it about weekly .Eg the bio science and pharma sectors have been increased for obvious reasons recently.
Only a tiny fraction of 1 %of the fund is exposed to a total loss .

This thread is not about differing investments of which property is one .
We have commercial, residential and U.K. arable land which returns more / less lower figures you quote .
How do you propose to re teak a SL 62 out of a set of deeds to the above easily?

Returning to the thread and the specific example listed which granted has ignited a new vs old debate - naturally .
Nobodies been rude because they do not understand or agree .
I took you “talking crap “ comment about me as pretty offensive since you miss quoted and seemingly lack understanding of the equities markets ?

The 16/18 % rtn s have been real on av indeed 2017 it was 24 % for me , but I thought the 16-18 figure a realistic figure to quote .
£1.2 M or € ,the 300 vs 1,2 = 900 spare , it’s already mentally gone .Could be tied up in a new piece of plastic fantastic or as I outlined the 900 K put elsewhere.

Indeed my UBS managed portfolio ( one of many eggs in the basket ) has risen 12% in the first 6 months this year alone .
 
henryf said:
In you little dig at me for buying new you also failed to grasp one important aspect to buying new. As a commercial operator we claim the VAT back. You can’t do this with a used boat and selling a “plus VAT” used boat opens up a number of attractive options for would be buyers. The person buying from Eire in another thread wouldn’t have had any problems with our boat as an example.

Just because you choose not to buy new please don’t assume that those who do are any less intelligent, and as you say ultimately if it wasn’t for people like us people like you wouldn’t have any boats to buy.

Henry
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Yes understand the commercial side .
No doubt roll / write down the deprecation somewhere ?

This is about a private ( if I understood it correctly) individual for private use from the info given thus far .
 
Portofino said:
Indeed my UBS managed portfolio ( one of many eggs in the basket ) has risen 12% in the first 6 months this year alone .
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You would have got 19.61% asset appreciation (i.e. not counting dividends) with a CAC 40 tracker fund. The dividends since the start of the year have been good as well. ;)
 
westernman said:
You would have got 19.61% asset appreciation (i.e. not counting dividends) with a CAC 40 tracker fund. The dividends since the start of the year have been good as well. ;)
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Its not over yet !

“ Catch up “ as per ds 797 ^^ .
Probably got some of this fund in one portfolio anyhow .
That’s the point the dog funds are binned and good held until they they dog .

Anyhow big Thx for shining a light on the equites mkt .;).

So my suggestion of tossing 900 K on the managed equities and hitting 16/18 % ,as you have collaborated the returns ?
Not necessary all in the same fund , eggs in basket ;).
Compound that over the 10 y ownership period …….go figure .
 
henryf said:
My goodness me there’s some crap being spurted in this thread…..

“You can easily see a 16-18% return on your money at the moment……”

which begs the question why are people settling for 5 or 6% returns on commercial property purchases or indeed a single % on a good day in the bank?

I’d gladly transfer £1 million tomorrow if I thought for one moment it was going to return nearly £200k per year.

Now consider the depreciation. You can’t say that because a 12 year old boat is worth £300k a new one will be worth £300k in 12 years.

The old boat was £600k new but inflation and spec development means the new one is a million. It likely that the new boat will be worth £500k in 12 years because a new one will be £1.8 million by then.

Absolutely, in pure depreciation a used boat wins hands down but the gap isn’t quite as much as the thread suggests and as has been mentioned there are some cost savings and other benefits with the new boat.

Henry
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Because Life isn't all about money now is it...... So many people don't and never will get that
 
stelican said:
Until you have more than you will ever need
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The reason that you, me and Bigplumbs have had our life saving double vaccinations whereas many in this world haven’t is because of money. We are fortunate to live in countries where, when the need arises, money is no object. And guess what we will get our third dose before many will ever get their first. Money keeps you alive
 
westernman said:
You would have got 19.61% asset appreciation (i.e. not counting dividends) with a CAC 40 tracker fund. The dividends since the start of the year have been good as well. ;)
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26.28% including dividends and fees since the beginning of the year. (Just looked it up in my online brokerage account)
 
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