I’m on a short break – not even watching the market – bought a sailboat
Okay, I’m having a bit of a mid-20’s life crisis because my $1000 trades aren’t working out, I’m back in Honolulu from patrol with a full load of tasks, racing to finish my online college classes, making slow progress with my business in India, and on top of all of this making irrational decisions from the crisis by buying a 32′ ft Cal Sailboat to work, repair, and live on at a dock in Honolulu downtown instead of paying around $1000-1200 for a room or studio for 4-5 months.
Okay I know I know buying a boat is a major money bucket. I’ve lived in a 28ft sailboat in St. Pete Beach, Florida when I was 24 for around 4 months so I know what to expect and what kind of costs are calculated into it. I bought this boat for $3500 which is considered dumpster cheap in Hawaii because boats are sold for $$$ because its hard to get them here. Now it looks like it could be in the dumpster. It needs many repairs in new structure, lots of sanding, and a lots of painting. I created a blog to journal all the steps I took on buying, repairing, and how to liveaboard a sailboat in Hawaii at http://iliveaboard.blogspot.com. I will also be posting lots of pictures of renovations and sailing trips around islands. I got the engine running yesterday with the person who sold it to me. A very salty sailor. It is a yanmar 2 cyl 18 horsepower so I’m pretty fortunate to buy a sailboat with a #1 good diesel engine with it. I think the sails could be bad, but I plan renovating the entire boat since it’s paid off and I can live on it for around $260/month at a slip in Honolulu, HI which includes water, electricity, cable TV, and hot showers/bathroom at harbor. I’ll be living life pretty cheap and simple although I know I’ll be putting at least $5000-10000 into the boat. I looked at prices on similar models and year (it’s a 1958 wooden boat) and fully renovated they sell for $30,000. I don’t expect to make any money and I might not even sell it. If I have a boat where I can sleep in, make food, and go sailing for only $250/month in Hawaii why sell it? It would be a fun get away.
Well I have off work until April 9th. So working on the boat and doing many tasks besides watching the market will be what I’m up to. My positions are worthless. Google is falling as I figured it would hard (which of course again I’m not trading) and big swings are happening. I plan on setting up in my boat a trading station. (hahah, yea you heard that right).
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This entry was posted on March 6, 2008 by Paul Awol. It was filed under buying a sailboat, liveaboard in hawaii, short vacation, taking a break, time off from trading, trading stocks on a sailboat and was tagged with buying a sailboat, liveaboard in hawaii, short vacation, taking a break from normal life, time off from trading, trading stocks on a sailboat.