Investing in CD's

Wayne Grenier · Post by **Wayne Grenier** » Sep 30th, '08, 11:55

I have always been told that boats were a poor investment-well guess what? stocks are not much better! nothing wrong with having a"CD" in your portfolio is there? at least you can use it and enjoy yourself and you can't put a price on that!

Ned Crockett · Post by **Ned Crockett** » Sep 30th, '08, 15:38

Wayne:

I'm on the same page as you -- while my little LADYBUG isn't worth much in terms of $$, it provides so much pleasure that it is invaluable to me at my stage of life. As the stock market (and my retirement portfolio) tank, the "value" of my CD keeps growing. Can't get a better investment than that! Life is good!

BillyO · Post by **BillyO** » Oct 2nd, '08, 21:48

I trust that you are referring to Cape Dory not A certificate of deposit.
A funny thing happened yesterday--I emailed an old college friend
who has become one of the nation's biggest Washington insider attorneys.
I mentioned to him that I was sailing on Friday and Saturday-- did he want to fly in and go with me.
His reply was that he owns a 34' Hunter on the Chessapeake that he never has time for.
This week end he will be in Amarillo.
I'll be on Lake Winnipesaukee
He has lost a fortune last week
I lost also.
I'm saling
He's working 7 days a week.

Neil Gordon · Post by **Neil Gordon** » Oct 3rd, '08, 07:04

When the bank forecloses your house, you move onto your Cape Dory. Life could be worse.

Dixon Hemphill · Post by **Dixon Hemphill** » Oct 3rd, '08, 14:17

When I cashed my GE stock after 12 years with the company way back in the 1960's I sometimes think that may have been a bad idea. But now that I have invested in a CD I look forward not only to making improvements on the boat but also sailing as often as possible. My only regret is that I didn't buy the boat many years ago.

Troy Scott · Post by **Troy Scott** » Oct 4th, '08, 01:46

Sometimes fun things are really good investments. Consider that a nice but 40 year old Pilot 35 will sell for several times what it cost new, after having provided a LOT of fun along the way. If we care for our Cape Dorys, they will eventually appreciate, especially if hurricanes continue to diminish the fleet!

I've actually made money on several Cape Dory swaps. When I was younger I would buy a sound "fixer-upper" and sail it a lot, taking breaks to clean, paint and varnish. I would always sell the boat for several thousand more than I paid for it.

BillyO · Post by **BillyO** » Oct 4th, '08, 08:19

I think that we all have hit upon a common theme-- objects that have inherent quality or value tend to maintain value better than
objects built with a bottom line on a P and L statement as the prime consideration

Neil Gordon · Post by **Neil Gordon** » Oct 4th, '08, 08:41

BillyO wrote:I think that we all have hit upon a common theme-- objects that have inherent quality or value tend to maintain value better than objects built with a bottom line on a P and L statement as the prime consideration

Yes, and our boats were fortunately made before the accountants got deeply involved in boat building.

BillyO · Post by **BillyO** » Oct 4th, '08, 20:30

Most beautiful sailing today that I can remember. Put a dollar sign on that.

Troy Scott · Post by **Troy Scott** » Oct 4th, '08, 20:45

$ailing

The Cape Dory Board

Investing in CD's

Investing in CD's

CD Investment?

CD investing

Investment

CDs as investments

Investing--CD's

Re: Investing--CD's

CD as investment

$ailing, $ailing, $ailing