Cruising MoonShine

Why a boat?

Without getting so deep into philosophy that you don’t read the rest of this blog, here is a quick answer to the question, “why?” Why do this boating thing (again)? It entails a lot and is a big commitment. Money, time, effort, stress, discomfort, uncertainty, more money, and a boat to clean that is almost as long as my house. And yes, this one is a powerboat, not a sailboat, so not quite as romantic, but the feeling of watching the wake disappear behind you as you head towards new unexplored places is very much the same.

So. Here’s my attempt to explain why people like us do things like this.

Let me start with a quote: “Life shrinks or expands in proportion to one’s courage.”  Anais Nin

I learned that lesson years ago. That sentiment is what allowed me to walk away from one career and start another. More than once. It has brought scary, uncertain, even bleak moments into my life, but every – single – time it has brought even more reward.

I remember leaning on my big red toolbox when I was around 24, back at New Holland Farm Equipment in Dodge City Kansas, and even though at that point in life I couldn’t formulate the thought, I felt it. I wanted more than just a paycheck and a comfortable life. Well, I wanted that, AND something more. I wanted to live my life, not just experience it as it passed by. Various experiments in that direction provided some great (mis)adventures, but the first time I stepped on a large sailboat, I was hooked. I was lucky enough to enjoy several years of the sailing life, but when that ended it felt premature. I knew I wouldn’t want to sail around forever, but I have always felt like I was pushed out of it early. That story, should you wish to revisit the past, is summed up here:

https://requiemenimlucidity.blogspot.com/

So here I am, about to do it again. The past is relevant and not to be ignored, but I learned long ago to live now, not in some useless state of regret about what might have been or worse, fear of what might be. So, onward. I’m excited in a way I haven’t been in years, which is an invigorating way to start my seventh year of retirement and my sixty-eighth year. Some nay-sayers will tell you “boat” stands for “break out another thousand.” Yeah? So what? “If I don’t find time to live my life well the first time, when am I going to find the time to go back and live it over?

Point taken, Mr. Feynman.

(PS. If you like quotes, The Xanwar Manifesto is back in print.)

About Butch & Cheryl

Just a couple of retired people who share an unquenched desire to get out there and make some adventure, as opposed to sitting around the house wishing something fun would happen.  We both have learned that doesn’t come automatically.  So we hatched a plan and are doing it.  Seems simple enough.  I have the sailing experience and Cheryl has the RV experience, so we have many aspects of this already covered.  I sold her on this idea by telling her a boat was just an RV that happens to float.  (I think she’s figured out that’s not quite accurate.)  This blog will be mostly me, Butch, with comments from Cheryl as she adds her thoughts.

About the boat

She’s a 1997 Bayliner 3788, one of about 1000 made over almost a decade.  Apparently it was a popular design.  Powered by two Cummins diesels with a diesel generator.

This particular boat was previously owned by someone much like me, meticulous when it comes to maintenance.  The list of things he’d repaired or replaced is pages long which is great; I did not want to re-fit a boat again.  Once was enough!

From the factory brochure:

“The Bayliner 3788 Motor Yacht is an updated version of the original with a fresh appearance and a new two-stateroom interior. Built on a conventional modified-V hull with a relatively flat 10 degrees of transom deadrise, the 3788 is a good-looking boat with more than a hint of European styling. Large cabin windows make the salon seem open and spacious, and the dinette (or optional lower helm station) is elevated to provide headroom for the mid-stateroom beneath. The galley is up, and the master stateroom has a walkaround center berth. Hatches in the salon sole provide access to the engine compartment. Topside, the flybridge accommodates five adults, and a long overhang shades the cockpit.  Additional features include a swim platform, transom door, opening side windows, foredeck sun pad, and a tub/shower in the head. Standard 310hp MerCruiser gas inboards cruise at 17–18 knots. Optional 330hp Cummins diesels cruise the 3788 at 20 knots and reach a top speed of around 25 knots. Note that a revised version of this boat was introduced in 2003 as the Meridian 381 Sedan.”

Bayliners, according to the perpetually negative, are somehow “low quality” boats.  That’s yet another urban myth uttered by people who don’t really know what they’re talking about.  It is not a high-end boat, true, but Bayliner was/is (as Meridian) the largest manufacturer of recreational boats in the world with over 400 dealers world-wide.  They didn’t get there with low quality boats.  That myth came about because for a while in the 90’s Bayliner had quality issues with their smaller boats.  That’s it.  Bayliners are solid, affordable boats, something many other manufacturers have left behind.  The company headquarters, as the Brunswick Boat Group, are for some reason located here in Knoxville, but the boats are manufactured in Washington and Florida.  At one point maybe twenty years ago a yacht builder started to set up a manufacturing plant near Knoxville on the Tennessee river but that fell through.  The giant building still sits empty today.  I wonder if that was Brunswick?

Frequently asked questions

What is this "Great Loop"?

The book is a detailed explanation of how you can sell options for income using investments you may already own.  We sell options, we don’t buy them, and we do it with simple, stable and conservative strategies that generate an income while preserving our assets.

What’s this? $500 free?

Yes! I see that Schwab is once more giving away $100 to $500 to open an account, if you use this referral code:

http://www.schwab.com/public/schwab/nn/refer-prospect.html?refrid=REFER7CJ82Q96

I recommend Schwab ‘Street Smart Central’ in the book, for reasons outlined in the book.

I don’t know how long this will last.
I don’t get anything.
I won’t know if you open an account, that is all private information.

It’s just a marketing tool that Schwab uses and you are welcome to it.

How much do I need to start?

Start small by selling one put contract on a low-cost stock. An option contract require 100 shares of stock per contract, so for a $50 stock, $5000 is about the lowest that works. Remember, you’re not ‘risking’ this money, you are investing it in a security in the stock market that you choose. Get comfortable with trading then you can slowly increase your position.

© Copyright 2020 - Smooth Sailing With Options