So I have been on West Marine site for the last few days putting together all the safety equipment I need for the boat like, dock lines, vests, first aid kit, etc...

I started looking at tool kits, but was wondering if buying a tool kit with "X" amount of pcs was the best way to go or should I get a small waterproof tool box and stock it with only the tools I will need.

What have you guys done and if you bought the tools individually, what do you recommend as necessities for an onboard starter tool kit?