Mentalpause

Thought about you when I listed mine in mid May with Big Thunder. The listing came out at 9am Sunday May 15 and it went under to contract to a guy in Connecticut 46 minutes after the listing came out for asking price. I didn't sell it for the $. Decided to sell it because we only put 10 hours on it in 2020 and 2021. Wife and I used it once in 2021. Bottom line is when our kids and grandkids come down the last 3-4 years they spend all their time fishing, floating off the docks (with beer in hand) and playing on our two jetskis. Handwriting was on the wall when they were down over 2 weeks in 2021 and the NT never got uncovered. Not sure if or what might be next. This is the first time since 1988 that I'm boatless, well, except for the two jetskis that get used every time we are at the lake. It just seemed like a great time to sell and sit back and watch the market for awhile.

Griff

There is no theta aka time decay in leveraged ETF's. The shares are no different than investing in SPY, except carry more risk. Theta decay only happens with options.

1MOSES1

my bad wrong decay…leveraged ETF’s have beta (ie. Volatility) decay.

meaning they don’t perfectly mirror the index. As DOW for instance goes up and down…SDOW won’t return the equal inverse of DOW.

regardless I wouldn’t consider leveraged ETF’s an asset or an investment. They are a hedge generally to protect existing assets/investments. Guess it depends on your definition of asset. But my general opinion is it’s something that if you hold over long term will go up…

What is the decay?

Most of the time, a leveraged ETF does worse than the underlying asset leveraged by the same factor. This relative decay has several reasons: beta-slippage, roll yield, tracking errors, management fees. Only the latter is predictable. Roll yield may be prominent for commodity ETFs (leveraged or not), but beta-slippage is usually the main reason of decay.

seafordguy

i hope when my kids are grown and come home that they are begging to use my go fast. They seem to be enjoying it now (8&10) I think they have subconsciously started to realize they feel cool pulling up when people are all looking at them. Their father on the other hand could do without the attention when he’s trying to dock and not look like an ass, with dry pipes blaring.

I do know though that they go through phases. Starting to enjoy wakeboarding so I assume I’ll end up with a wakeboard boat for a period of time.

no intention of selling though, but I was shocked at what the asking price is on flat bottom cigs……

1MOSES1

With all those crypto billionaires now living behind wendys…demand for boats should have gone way down!!! 😂🤣

36Tango

I pulled the plug and sold our Cape Coral house. Bought it at about 15% off the bottom of the market 6 years ago and set a new high comp when selling. Since then, days on market and pricing has gone negative. We always looked at that house as an investment, so the time was right (well, and I got tired of the crappy Caloosahatchee water coming down). The challenge now is finding replacement properties so not to pay big taxes. There is allot of cash out there looking for real estate.

While our place at LOTO has gone way, way up, we will not be selling.

hoodoo

Looks like the froth is gone from the boat market but a friend recently sold his 29 SeaVee.
He bought it new for 91k, kept it on a lift on long boat key, fished it for 10 yrs, repowered and ran it five more years and sold it 2 months ago for 145k.

Interceptor

In the midst of the 2008 crash I retried we sold two homes at a loss and we moved to northern Michigan into a real-estate market somewhat unaffected by the crash which means we sold low and paid high . That fall we took an appx. $500K investment hit. When we put the boat away for the winter I told my wife aren't you glad we keep filling the tank and using the boat all season as it was our only escape from the chaos going on around us and continued into following years.

Obviously a person has to sell toys/material goods if they get into a significant financial downturn but don't panic sell just because gasoline is crazy money. Search the old threads regarding gas prices and everyone thought 2008/9 was the end of times for boating and things eventually cycled.

vagrant

I hate to see anyone loose or have to sell. I'm a buyer in a downturn though.

hoodoo

I think most view it as a good time to unload and start over.
In my buddy’s case, none of us wanted the torture of LBK traffic to get to his house just to go fishing when we had our own boats on lifts in the back yard.