Monday, April 14, 2014
How many times has someone said to me that their boat is not a very good investment. Well that goes without saying. From a financial point of view you’d be hard pressed to find a worse investment ... unless you are going to buy a classic and store it inside for a few decades – or maybe if you bought just the right boat at the bottom of the recession and your going to sell it when inflation peaks some years down the road.
But boats are still an investment. They are an emotional investment. Boats offer a social setting for family and friends, they offer a chance to unwind and forget about the stresses of work if only for a few days and they offer solitude when you need it. A few times a year I go to my boat alone and just putter away on some project. At the end of the day I might sit and watch the sunset with a glass of wine and some of my favourite music in the background. It is very therapeutic. Same thing when we’re out at anchor – you can party or you can read – you can swim or you can sleep. Best BBQ’s ever, are on the boat at anchor! And let’s not forget how rewarding and fun meeting friends at the marina can be ... just a chance to chew the fat and chill. The options are unlimited.
Most of all, it’s being on the water and that plays to some primeval sense of satisfaction. I could give up a lot if I needed to, but it would be hard to not have a boat. Life would hardly be worth living without a boat. Well maybe not that bad, but I’d be sad camper without the boat. But I also know there will come that day when I won’t be capable enough to be out on the boat alone or in heavy weather. That’s why I’m going to savour the next ten or fifteen years and enjoy the emotional investment while I can. So yes boats depreciate like cars and yes you have to have deep pockets to maintain them but that financial investment pays big dividends back towards your emotional well being.