>> > Buy the boat for $US100k
>> > Get 14% return pa and 80 days own use.
>> > May even attract some keen US yachties.
>> >
>> > 
>> > http://www.trademe.co.nz/Trade-Me-Motors/Boats-marine/Yachts-sail-
>> boats/Moored-boats/auction-64921538.htm

>> They state 14% return guaranteed!!!  Anybody who has that high 
>> return
>> GUARANTEED is either does not know what they are talking about, 
>> severly
>> underestimate risk, or are trying to fool people.
>> There are few ALMOST guaranteed investments, e.g. government bonds.
>> Unfortunately, they usualy have much lower returns, currently ~ 5% 
>> for US bonds.

Nah, Russel just doesn't have a life and has way too much time on his 
hands...

_

:-)

Read the page.

You buy the boat and there is a guaranteed income from a charter 
company to use it for about 365-80 - 285 days of the year, presumably 
for about $14,500 pa. You get to use it for 80 days a year. I imagine 
items like damage and maintenance and insurance and mooring and ... 
are specifically covered by the contract - either by inclusion or 
exclusion. A return of 14%ish after maintenance etc MAY be possible if 
there are tax gains in there for the charter company.

Re time - I found the ad by logging on to my local auction site to 
check on some food dehydrators which I have on my watch-list. The boat 
was on the front page. It seemed like it may be of interest to some 
people one way or the other. Evidently it was ;-).

For years I thought food dehydrators were somewhat OTT - recent 
experiences with their finished products have convinced my wife and I 
that they are worth having. Holes in the water, even ones that return 
a putative 14% pa return, I'm not so sure about.



    Russell


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