2018 Moomba Max at an affordable price

[dakota4ce]

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!


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[russellsmojo]

True. That’s remarkable you’ve been investing since


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That would be real hard since born in 77!


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[dakota4ce]

That would be real hard since born in 77!


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It was a joke, silly!

Lots of people talk about 40 year SP return like it’s a given and they have been expertly raking in double digit returns for decades. The reality is that investing is far from that “safe” and the real returns over the long term for the average investor are typically a good chunk lower than that due to lots of circumstances; life based, decision based, economy based.

20 year boat loans are basically never a good idea. BUT, they are often the only way to get out of control boat prices off the table and still get new boats into the hands regular folks.

But the 2006 Tige example above was real. Poor sap had payed for years and was upside down big time.




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