Has the dive on the Dow (let's not even mention NASDAQ) changed your boating plans this year? Have you delayed the purchase of a new or pre-owned boat? Did you decide against that Caribbean charter? Have you cut your budget for improvements, upgrades, and repairs until next year? Or, has it made no difference to you at all? Share your plans here; if you're more comfortable you may post anonymously. Then vote in this week's Quick Quiz at the bottom of the home page.
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Bob
Life's too short...
...to be worried about this crap. Besides, this looks more like you're taking a poll to for those in the sailing industry rather than doing a service to site subscribers. Let's stick to what's making our boats go or making them stop going. Let those who want to follow the economy do so on one of the many websites devoted to the overly invested and overly worried. Just my two-cents (US)...I'm ready...now everyone can take their shots. Cheers, Bob
...to be worried about this crap. Besides, this looks more like you're taking a poll to for those in the sailing industry rather than doing a service to site subscribers. Let's stick to what's making our boats go or making them stop going. Let those who want to follow the economy do so on one of the many websites devoted to the overly invested and overly worried. Just my two-cents (US)...I'm ready...now everyone can take their shots. Cheers, Bob
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Barry
Oh no I'll have to keep this Hunter a While Longer
Delayed purchase of a better boat but may need more upgrades if I keep the old Hunter much longer. Barry
Delayed purchase of a better boat but may need more upgrades if I keep the old Hunter much longer. Barry
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TOMMY MCNAMARA
Nasdag
Yes there were a few things we were considering for our new boat a 450 that would cost about 10 grand and being retired and on an income that is going down instead of up,we are reconsidering. We live aboard and planned on going south,but before we did a watermaker,a bowthruster,self aligning direct tv. Actually that is beyond our original cost,but now,no way. Slips are hard to get should we return,so you would have to pay for the slip whether we used it or not.But she keeps on buying clothes.
Yes there were a few things we were considering for our new boat a 450 that would cost about 10 grand and being retired and on an income that is going down instead of up,we are reconsidering. We live aboard and planned on going south,but before we did a watermaker,a bowthruster,self aligning direct tv. Actually that is beyond our original cost,but now,no way. Slips are hard to get should we return,so you would have to pay for the slip whether we used it or not.But she keeps on buying clothes.
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Rick Webb
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Kenneth Pfaff
NO - Life IS too Short
No, I closed on my new boat a little over a week ago and didn't give is an second thought. Getting out for a weekend sail almost makes going back to work on a Monday bearable. While to some degree it the Market concerns me, I am not going to let it control my live.
No, I closed on my new boat a little over a week ago and didn't give is an second thought. Getting out for a weekend sail almost makes going back to work on a Monday bearable. While to some degree it the Market concerns me, I am not going to let it control my live.
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Jeff Walker
I'm staying on my boat
I was planning to move into a house next year but the market has made me change my mind. Boat living is very inexpensive if the boat is paid for so I'll take at least one more year of aboard - oh darn :>)
I was planning to move into a house next year but the market has made me change my mind. Boat living is very inexpensive if the boat is paid for so I'll take at least one more year of aboard - oh darn :>)
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Peter Milne
Boat is a Better Investment
I sold off stock a few years back to buy our boat and I am sure the boat is worth more today than the stock I sold. It is also alot more fun!
I sold off stock a few years back to buy our boat and I am sure the boat is worth more today than the stock I sold. It is also alot more fun!
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Carl & Jule
no, but
No, no change in plan, as plan was well planned. BUT we are glad that we initiated our plan last year and not this year...!
No, no change in plan, as plan was well planned. BUT we are glad that we initiated our plan last year and not this year...!
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David A Anderson
Shiver me timbers
I sold out early and felt good about it. Unfortunately, I work in the industry, and spent a lot of money around the holidays. With the market's continued decay---bonuses, salary increases, stock optiona, and other compensation are all down...
I sold out early and felt good about it. Unfortunately, I work in the industry, and spent a lot of money around the holidays. With the market's continued decay---bonuses, salary increases, stock optiona, and other compensation are all down...
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Tim Taylor
Foo
the economy hitting a few bumps makes everyone a little uneasy whether they admit it or not. and it's not like this was totally unexpected because all good things come to an end (even homerun balls hit the ground sometime). on a more personal note, having a salaried job gives me some sense of security that the World will go on but it certainly does change a few things. mainly finding backing to start my own business is becoming more difficult but then at the same time interest rates are much better. all that aside it would be foolish to change your sailing plans because isn't that why we endure all the other crap anyway? TTaylor
the economy hitting a few bumps makes everyone a little uneasy whether they admit it or not. and it's not like this was totally unexpected because all good things come to an end (even homerun balls hit the ground sometime). on a more personal note, having a salaried job gives me some sense of security that the World will go on but it certainly does change a few things. mainly finding backing to start my own business is becoming more difficult but then at the same time interest rates are much better. all that aside it would be foolish to change your sailing plans because isn't that why we endure all the other crap anyway? TTaylor
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Brad Amundson
I'am turning 40 this year!!
There will be no more delays or excuses. I recently purchased a new Hunter and added all the goodies. I will be borrowing money agansist my 401K and reinvesting it over the next couple of years. If the market rebounds this will be a great investment. Also one should consider the fact that they do not burn fuel another sore spot in our economy. Life is to short let the sailing begin.
There will be no more delays or excuses. I recently purchased a new Hunter and added all the goodies. I will be borrowing money agansist my 401K and reinvesting it over the next couple of years. If the market rebounds this will be a great investment. Also one should consider the fact that they do not burn fuel another sore spot in our economy. Life is to short let the sailing begin.
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Paul
Bought my boat last year
I was eithier lucky or smart. (depends who you ask). I sold a bunch of stock options last march when our company's share price was 3 times what it is now and bought my boat cash. If I had of waited, I won't be buying one now. Life's about grabbing opportunites when they present themself and not looking back. Besides, it's hard to care about the market when your're sailing.
I was eithier lucky or smart. (depends who you ask). I sold a bunch of stock options last march when our company's share price was 3 times what it is now and bought my boat cash. If I had of waited, I won't be buying one now. Life's about grabbing opportunites when they present themself and not looking back. Besides, it's hard to care about the market when your're sailing.
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Les Murray
Good thing I bought my boat last year
Bought my boat last November when my stock otions were worth something. Now I barely have enough to pay the taxes. I am cutting back on what things I am having the yard do versus doing myself. Plus, some options and upgrades will have to wait till next year(s). Les Murray s/v Ceilidh 86 C-36 #560
Bought my boat last November when my stock otions were worth something. Now I barely have enough to pay the taxes. I am cutting back on what things I am having the yard do versus doing myself. Plus, some options and upgrades will have to wait till next year(s). Les Murray s/v Ceilidh 86 C-36 #560
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John J. Brady
For once I feel good!
For years 5 years I have watched my friends make money hand over fist in the private sector. They kept calling saying I should leave my current HR job and go to their company and ger 5 to 10X what I make now. I thought , and thought a little longer. I decided that even though they may make more $, I still enjoyed the higher level of satisfaction and responsibility. I often take alot of ridicule for it. However, If things keep going the way they are, I think my Civil Servent self will make them some offers on their boats which they can't afford to put in the water. SEEMS LIKE A GOOD TIME TO TRADE UP!
For years 5 years I have watched my friends make money hand over fist in the private sector. They kept calling saying I should leave my current HR job and go to their company and ger 5 to 10X what I make now. I thought , and thought a little longer. I decided that even though they may make more $, I still enjoyed the higher level of satisfaction and responsibility. I often take alot of ridicule for it. However, If things keep going the way they are, I think my Civil Servent self will make them some offers on their boats which they can't afford to put in the water. SEEMS LIKE A GOOD TIME TO TRADE UP!
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gary jensen
Yes it DID!
I bought a 380 last year and was looking at the 40 or the 47 (soon)......I'm going to safe-guard that idea for the present time
I bought a 380 last year and was looking at the 40 or the 47 (soon)......I'm going to safe-guard that idea for the present time
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Steve Cook
Couldn't take it, got out early and...
Just bought a rental dulpex. I got it $6k under market value, it has a great rental history and the renters pay the mortage to boot. Money in my pocket every month!!! I plan to fix it up a bit, buy another in 2-3 years. Real estate will always go up in value. When it's time to retire, I'll sell one, buy a new boat. Sail to the Islands, have the renters pay for that life style, keep a rental house as money in the bank. I'm never coming back!!! Steve, s/v The Odyssey (H310) .. /
Just bought a rental dulpex. I got it $6k under market value, it has a great rental history and the renters pay the mortage to boot. Money in my pocket every month!!! I plan to fix it up a bit, buy another in 2-3 years. Real estate will always go up in value. When it's time to retire, I'll sell one, buy a new boat. Sail to the Islands, have the renters pay for that life style, keep a rental house as money in the bank. I'm never coming back!!! Steve, s/v The Odyssey (H310) .. /
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Eric
You only live once
About 21/2 years ago at age 53 I was told I was no longer needed by the company which bought out my old company after 20 years on the job. Honestly, I was so happy and relieved to get out I could not wait. Decided to take one year off and now it is 2 1/2. I was fortunate enough to cash in stock options which which would have been a1/10th if I had waited. What I found out is that there is life after losing one's job, although it may be pared down a bit. Two biggest issues are health insurance, which due to personal health I can not get an individual policy (nothing major but companies looking only for 20 year old bodies on 50+ men, that is another discussion) and trying to justify my life style to all the type A's out there. Health insurance solved through a new job for my wife, which she wanted badly, second problem, I could care less. I have an 85 year old father who still regrets not doing the things he likes but he will eventually pass on leaving the govt. undeserved money because he is afraid to spend it etc.. Live life to the fullest and do what you want. To each his own with much happiness.
About 21/2 years ago at age 53 I was told I was no longer needed by the company which bought out my old company after 20 years on the job. Honestly, I was so happy and relieved to get out I could not wait. Decided to take one year off and now it is 2 1/2. I was fortunate enough to cash in stock options which which would have been a1/10th if I had waited. What I found out is that there is life after losing one's job, although it may be pared down a bit. Two biggest issues are health insurance, which due to personal health I can not get an individual policy (nothing major but companies looking only for 20 year old bodies on 50+ men, that is another discussion) and trying to justify my life style to all the type A's out there. Health insurance solved through a new job for my wife, which she wanted badly, second problem, I could care less. I have an 85 year old father who still regrets not doing the things he likes but he will eventually pass on leaving the govt. undeserved money because he is afraid to spend it etc.. Live life to the fullest and do what you want. To each his own with much happiness.
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Just another sailorman
The Brakes are on
Affected? You bet! Thank goodness that we bought our boat a couple of years ago and that all the goodies that we want are installed and paid for. I am not buying ANYTHING that I don't need. Maintanence items - yes, my safety depends upon that. Upgrades - forget it. The only things on my spring BUY list are zincs and cleaners. Sadly the market is going to hurt the boating industry IMO. For those people who are independently wealthly with 6-figure incomes, maybe they don't care. There is no way I am going to risk my future retirement by cashing in stocks for 20 cents on the dollar to buy overpriced boat stuff. I will manage without just fine. I will buy what I need to enjoy the boat this season. But I will use my good sense to buy smart and to look for value in what I purchase.
Affected? You bet! Thank goodness that we bought our boat a couple of years ago and that all the goodies that we want are installed and paid for. I am not buying ANYTHING that I don't need. Maintanence items - yes, my safety depends upon that. Upgrades - forget it. The only things on my spring BUY list are zincs and cleaners. Sadly the market is going to hurt the boating industry IMO. For those people who are independently wealthly with 6-figure incomes, maybe they don't care. There is no way I am going to risk my future retirement by cashing in stocks for 20 cents on the dollar to buy overpriced boat stuff. I will manage without just fine. I will buy what I need to enjoy the boat this season. But I will use my good sense to buy smart and to look for value in what I purchase.
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Bob
The Sky Is Falling, The Sky Is Falling
OK all you Chicken Littles!!! Yes, we're in for a bumpy ride but it certainly is no gale force wind out there. What a better place to weather the storm, than on your boat. PLUS, you won't be listening to the News because the Stock Market is all the media has to pounce on at present. When it goes back up 500 points, don't look for THAT as the headline.
OK all you Chicken Littles!!! Yes, we're in for a bumpy ride but it certainly is no gale force wind out there. What a better place to weather the storm, than on your boat. PLUS, you won't be listening to the News because the Stock Market is all the media has to pounce on at present. When it goes back up 500 points, don't look for THAT as the headline.
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