the high yield looks good
I paid cash or paid off my boat loan
The bank owns my boat
Originally Posted by HotPursuit
HotPursuit, what is legg masion? I searched for it but come up with nothing.
If your in the stock market ticker "NAT"-nordic american tanker is paying right around a 12% dividend, I don't own it I just get to hear about it every quarter when my co-worker gets his check
the high yield looks good
Yea baby lets all make some gas money, some risk involved but no pain no gain.Originally Posted by MildThunder
I took a blood bath during the telecommunications bust,dusted off and back in
the saddle. Your Registered CoonAss Keep it Triple
Originally Posted by MildThunder
No problem. I can only assume you do not have fidelity funds investment accounts.
For this past year, the return on the Baron Growth was 31.75% and the Fidelity Blue Chip was at 24.80%. The worst one on my porfolio was the Fidelity Freedom Income at a mere 7.33%. I never said I had money in the money market. I said i had money in the market
Yes, over the past several years the account has been volatile, but it seems now over the last 5 to 6 quarters it is very lucrative again.
I use the Fidelity Investment Services provided by my company and have been very pleased. If you need to contact them the number is 1-800-421-3644 or on the web at www.401k.com
I think it does not matter who owns the boat as long as you get to use it.
The payment book that comes with most boats suck tho.
Originally Posted by MILD THUNDER
Bingo! I would feel much better having my life fall apart and having my 100K in the bank. They can come get the boat and all the other toys for that matter. The money evens out if you play it right. The best way is to borrow against your own 401K and pay YOURSELF back with interest! 200K is ALOT of cash hanging around for a rainy day. I do not boat to try to save money and I write the boat off totally for work. It would be insane to pay cash and lose ALOT of your borrowing power to build spec homes, invest etc....
Cash in hand makes a rainy day better.
Steet, what you have said definitely makes finacial sense. Unfortunately for me, I just don't make enough money to afford a monthly boat payment.
I am fortunate to have made some VERY good investments during the 90's bull market. I have used that to my advantage and continue to. I have always paid cash for my boats until my current boat. My first go-fast was a '94 16 Classic. Not much @ $15K, but I sold it for $12K a couple of years later. Rolled that into a 232 which I paid $31K for. It burned up in a boatel fire 4 years later and I received a check for $31K which I rolled into a '00 272. Paid $58K for that boat which I traded two years later on my '02 340. I think I got something like $48K on trade....on paper at least. The balance I financed myself by writing a check on margin against my brokerage account. Interest rates over the last three years have been very low, but that is changing fast. However, by using the dividends and selling some loosers for additional write offs against dividends I am down to owing myself about $30K. (Plus margin interest is a write off.) I should have that payed off soon. So I should be back to zero balance and be ready to move on something bigger.
The wife now wants a Cig. I can say without a doubt that it won't be a new one! Can't do that much margin!!
Last edited by Macklin; 01-29-2005 at 09:27 AM.
I like your formula mack ..Sort of on the same trend ..Work your way up ..Originally Posted by Macklin
If ya cant afford it , you realy shouldnt be driving it ..
Financing is just an expensive way to delaY THE INEVITABLE
Do I own it... Yes
Is there a payment? ... Yes
They're all rented yah know! Famous words from a Harvard educated Long Islander!!!!!!
I own mine free and clear. But would sure like some one else to own it ;-). I'm trying to sell, see signature.
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