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11-17-2017, 07:59 PM #1Senior Member
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11-17-2017, 08:37 PM #22017 Centurion Ri237
2013 Supra SA450 - Sold
2006 Mobius LSV - Sold
2004 Stingray 190LS - Sold
2016 Nissan Titan XD - Tow Rig
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11-18-2017, 12:49 AM #3Senior Member
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11-18-2017, 10:16 PM #4Senior Member
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11-18-2017, 10:10 PM #5
S&P returned like 11.5% from 1973 to last year. I am cool with a little interest because I am making a lot more than that in my portfolio not having my money in a losing value liability.
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11-18-2017, 10:16 PM #6Senior Member
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11-18-2017, 10:24 PM #7Senior Member
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2018 Moomba Max at an affordable price
Excellent point. Economy takes a crap, you owe 90k on a boat that’s sale-able for 75k and you spent 36 months paying $500 a month for it. Then It’s not so attractive.
But as long as we are partying in the crazy current market economy, it works.
It’s never wrong to buy something outright. Good years, bad years, whatever.
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11-19-2017, 12:31 AM #8
Then you liquidate investments and pay for the boat? As long as you don’t spend more on the boat than you have I don’t see the problem.
OP may be a millionaire and understand that owning a depreciating asset might not be the best idea....
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11-19-2017, 09:15 AM #9Senior Member
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11-18-2017, 10:11 PM #10Senior Member
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2018 Moomba Max at an affordable price
True. That’s remarkable you’ve been investing since 1973.
You’re renting it. That is basically the 20 year loan trade every couple year plan.
Nothing wrong with that! This year we are all making a lot more than 5.25% on the money, for sure. Some years, not so much.
But it’s not a house, the interest isn’t deductible, so it’s really not the total no brainer that some loans are.
It doesn’t matter really. No right way, no wrong way. Actually boat dealers aren’t super keen on cash purchase people. They wanna finance that pig!
Sent from my iPhone using TapatalkLast edited by dakota4ce; 11-18-2017 at 10:20 PM.