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Trish and Stan take an Intrepid Sailing Voyage

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January 10, 2015

Trish’s Caribbean Report

Part I: This is island life.

I’m sitting under a couple of coconut palms, in a rattan chair, a view of the ocean in the distance. There are black and yellow butterflies on the red hibiscus flowers, and a lizard is watching me. In the tree beyond the terrace, I hear small yellow birds arguing noisily. I’m drinking a Carib beer and it’s barely 1 pm.

We’re in an Airbnb villa in the East End of Tortola for the next few days. A few hours ago, we got off of a 44’ catamaran which we shared for a week (a WEEK!) with 6 people we’d never met before:

Davide, from Milano, Mike, an Australian studying in Wisconsin, Yelena, from Croatia, now working in Phoenix, Karen and Mitch, both from the SF Bay area, and skipper Dean, originally from Dorset, England.

Everyone was roughly half our age. A good group, but we weren’t in charge of the sailing – Dean was, we just helped.

(The lizard is still staring at me. Not sure what it expects-)

We sailed from island to island, snorkeled often, went scuba diving, hiked up mountains, told stories over rum drinks in thatched restaurants, hoisted sails, picked up moorings, dropped anchor, and did most of the cooking ourselves on board.

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We visited Trellis Bay, Beef Island, Norman Island, Peter Island, even stayed overnight off Marina Cay – many of the same names I remember from the trip in 1960.

The winds were strong at times, and we were glad someone else was in charge of the boat. But it gave us a good start on our sailing adventure – Stan steered, we all helped reef sails and ran around in dinghies.

I was amazed at how many other boats are in the marinas – it’s like a National Park on Memorial Day Weekend. Every popular marina is full.

But in bays where you have to anchor, or where there’s no bar, it’s pretty empty.

Out in the water, too, there is little traffic, but most people want a “good” spot for the best restaurants and bars. There is some serious partying going on out there, although our group was pretty relaxed and low-key.

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By the end of the week, our clothes were salty and used, the trash was full and the water tanks empty, towels refused to dry anymore, we had bruises from bumping into boat parts as we hurtled along in high winds, and we managed to eat all the food and drink all the rum.

Everyone else has to head home to work today and back to “real life” – we get to stay.

Going back to the beginning:

The first 2-3 days, we stayed in St.Thomas. It’s hopping, and crowded and busy and up to 4 cruise ships dock on a day. Some of those cruise ships carry as many as 7500 passengers. (!) Yikes.

My favorite place was an old hotel on the beach called the “Island Beachcomber”, where Mom and Dad had regular rooms when Xanadu was built. An aging but graceful property. With good memories. Still, ready to leave and get sailing after 2-3 days.

Took the ferry over to Road Town, Tortola, more relaxed but still busy. Did I mention I found a scorpion in the bathroom sink?

The West End is more chic, our area is pretty local, goats and chickens running around, potholes and small roadside tire repair shops, no glitz. So we’ll spend a couple days here to catch up on emails, do laundry, recharge camera batteries and begin to actually study our sailing books. The week on the boat went so quickly! Amazing.

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Part II: Learning to Sail.

January 15 – 5 pm. After 2 days of “Keelboat” We are bruised, and sore, and tired, but – we actually did it!

I think both of us were pretty nervous about the whole thing – and justifiably so.

It was physically demanding, out there on the “high seas”, winds 20-25 knots, waves, and us in a simple little 24’ boat, heeling like crazy, water nearly reaching the edge of the boat, no idea what we are supposed to be doing.

Our instructor was a young Swede named Tim, who usually races big professional carbon-fiber boats, so he was perfectly at home, while I was in a fair panic about holding the rudder, bouncing up and down and all around.

Stan and I hoisted the sails, climbing up on the cabin trunk, manned the sheets, the tiller, tacked and jibed and tacked again, each time scrambling from one side of the boat to the other, ducking under the boom, did 180’s and PIW (person in water) rescues – and we actually retrieved the fender (the fake man overboard) each time!

I didn’t think it could be done.

We rounded buoys, aimed for islands, and we would figure out how to get there, and what we needed to do. It was up to us to set the course and take the necessary actions.

We docked at the fuel dock, on sail only, left the pier backwards, sailed (without an engine) between the mega catamarans – without incident, navigated the harbor entrance coming and going several times, avoided several high-speed ferries and a tanker, and a number of motoring yachts. We even brought the sailboat back and moored it beside another one, coming up perfectly parallel before we tied ours to it.

We attached and raised the sails, took them down, and did all the necessary knots in the sails.

And now – we are physically and mentally beat. What a workout! I mean, even just climbing in and out of these boats takes some thinking for us.

I was a bit worried before we started – we both were. Were we up to this? There were NO small sailboats out between the islands, much less one with a 60 and 65 year old learning to sail.

Even this morning, we discussed it – we were both pretty apprehensive after Day 1. But, like with scuba diving, I knew Day 2 would be better. And it was. So last night, we were pretty beat.

We met the instructor on the 36’ boat this morning – to learn how to use the winches – I thought: Yikes! How can Stan and I EVER hope to control this massive piece of equipment? All by ourselves? And not kill ourselves and others in the process?

But the day went well, and we did a LOT.

Tim gave us a pretty thorough workout. Of course, he’s 28, fit, and he’s been sailing since he was 7. He has no idea how clueless we are. And how hard it is for us. He just stands up in the steeply heeling boat, at what seems to us to be a death-defying 45 degree angle, calmly talking, while we are desperately trying to hold onto something and not fall out of the boat. Wow.

I am rather proud of us.

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We tacked back and forth thru the marina, on sail alone, in our small motor-less comparatively tiny boat – thru all these mega yachts and mega catamarans, incredible wealth on display – and were able to find our way thru them, as crowded as they were, without hitting anything.

That part was really easier than I expected.

It was the heavy wind and waves and heeling that made me uncomfortable at first. But soon I realized that the waves mean little – it is all a question of wind. I didn’t know that.

And knowing who has the right of way and how to avoid other boats, what you’re supposed to do when 2 vessels come close to each other.

We met situations – and Tim would let us figure out how to get out of them on our own. How to de-tangle a twisted jib, how to recover from a missed tack and an uncontrolled jibe. We did a LOT. When we said good-bye to Tim, we were sweaty and salty and exhausted.

And so now we’re “home”, after negotiating the Tortola traffic, driving on the narrow roads, left- hand side, with the wheel on the American side, with crazies passing us on hairpin turns, up and down mountains, and having to maneuver, only an inch to spare, mirrors pulled in, thru the steep jungle road past another car, just to get to our place. *whew*

Stan is icing down his bruises (they are rather stellar, blue-violet and red-violet, and huge-) and I’m off to a hot shower. Then a glass (probably we’ll finish the bottle) of rose from Provence (a find in the chandlery) and we’ll be in bed by 9, as usual.

Tomorrow we take our sailing exam.

Here’s the weird part:

The exam is only required for people who want to charter boats. (We hope to get our International License, which gives us the option to charter in other countries.)

However:

If you BUY a boat – even a huge, 72’ mega-yacht with all the fancy instruments, gadgets and trimmings – there is no licensing requirement to drive the thing. You can get out there and just – GO.

This is a rather scary thought.

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There are a LOT of boats here. Mostly docked in a marina.

What happens is – someone buys a boat, and leases it back to a company as a charter, so they can count it as a business. This helps defray their cost, and they can write their own vacation off as a “business” expense.

So a lot of these boats are charters. Most people come down for just a week or two a year, if that. They bring some of their friends, but they’re not in practice. So they just motor along, and never even put up their sails! They don’t really know how to sail.

It’s more of a huge “party barge” – for a good vacation. (And it is!)

So when we sailed – with sail only – into the fuel dock, we got all sorts of cheers from the guys with mega yachts who had used their motors to get in there. They wouldn’t have been able to do what we did.

The world is a funny place.

A note from jlcollinsnh:

The above report came to me as emails from my pal Trish. The photos are also hers.

Close readers of this blog will remember her as one of the two who kidnapped me back in the mid-1970s while I was riding my bicycle around Ireland. She and Wolfgang, her then accomplice and now ex-husband, grabbed me out of my comfortable B&B in Dingle, stuffed me into the back of their VW Bug and hauled me up to Galway. Much pub crawling, music listening and hay-loft sleeping ensued, until they finally kicked me loose to make my own way back to my bicycle.

We have, of course, been friends ever since.

She has lived and worked all over the world, including Iran where they fled the revolution with the clothes on their backs to Germany and on to Liberia where they arrived the day of the revolution there to soldiers with automatic weapons milling about their house.

It was in Africa that she learned to fly and then…

…well then there is simply too much more adventure to recount here.

Fortunately, she has written a book:

It is filled with her stories and gorgeously illustrated with her own rather stunning watercolors. If you read closely, you’ll even find one or two that concern me.

Or you can check out some of her work here.

So, understanding all this, it is no surprise that she and Stan are now learning to sail with an eye on buying and living on a boat that they might very well sail around the world.

Pesimist:optomist quote

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patricktrousseau
3329 days ago
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Personal Capital; and how to unload your unwanted stocks and funds

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personal capital

Personal Capital

If you have come here, read thru the Stock Series and decided the simple low-cost approach described makes sense, you are now faced with the problem of how do you get from where you are to where you want to be. That is, what do you do with all the investments you already have? How, exactly, do you move from point “A” to point “B”?

If you are like many readers, you’ve come to this blog having already spent years, maybe even decades, investing. You very likely have a wide range of stocks and/or funds that seemed like a good idea at the time but now, maybe not so much.

The first order of business is to get a grasp on exactly what you currently own, what it is costing you in fees and how/if it might fit into your new and future plans.

You may already have this well organized and at your fingertips. If so, well done and you can skip ahead to Part 2.

Part 1: Personal Capital

If not you’ll probably want to use one of the free tools out there, and Personal Capital is the coolest I’ve seen and one of the easiest. It is the one I recommend and it is the newest affiliate here on the blog. What that means is, if you choose to use it, this blog will earn a commission.

To use Personal Capital‘s free tools, click on the link and log in. Next you’ll enter your investments and bank accounts. While I don’t use Mint, some of my FI friends tell me entering your data into PC is even easier.

Once your info is entered, you’ll be able to keep track of all your accounts and the data will be updated automatically. You can even enter any paintings, antiques, jewelry and/or any other valuables you might own. Of course with those you’ll have to decide on their value and it won’t be automatically updated.

Your PC dashboard then automates your net worth calculation and updates every time you log in on your desktop, phone or tablet.

Once you are done, assuming you’ve entered everything correctly, you’ll have complete handle on your financial situation:

Net Worth

PC net worth

Fees on your funds

PC fees

PC retirement fees

Your current allocations

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Cash Flow

PC cash flow

Retirement Planning

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Note: The above illustrations are all courtesy of Personal Capital, from their website and are not from an actual client account.

At a glance now you’ll see what’s working and what you might want to change. As I say, very cool.

So what’s the catch?

Skeptic that you are (or should be) right about now you’re thinking:

“If this is all free, how do they make their money?”

Boy howdy! You sound like me!

This is a lot of cool and sophisticated stuff to provide for free and around here we know even we can be conned. When offered free stuff, it always pays to understand how the money flows. While my pals had already filled me in, this still was one of the key questions I had when I met with them at FinCon (see Sidebar below). Nothing like hearing it personally.

Turns out they are also financial advisors and several buttons on their site will direct you to this service. So what is happening here is, by offering these tools, they are also collecting data and in the process cultivating a very clean prospect list for their services. If your assets are large enough they will reach out to you and offer to sign you up.

My independent sources who have experienced this assure me it is very low key and low pressure. They don’t want to alienate anyone. The thinking is that as people get used to using their tools over the years, should they ever decide to engage professional guidance, Personal Capital will be the first in mind and the “go to” place. Seems a smart approach to me.

So should you use their advisory service?

Well, the the annual fees are:

.89% for portfolios up to $1 million and then…

  • .79% for the first $3 million
  • .69% for the next $2 million
  • .59% for the next $5 million
  • .49% over $10 million

Let’s look at it this way:

  1. If you are coming from a traditional advisor and paying upwards of 1% a year, Personal Capital looks very good and is worth your serious consideration. Especially if you find value in personal attention.
  2. If you just want some guidance setting your asset allocation and rebalancing it automatically, Betterment is a less expensive option.
  3. If you have read the Stock Series here and are comfortable with what you’ve learned, you should be able to handle this yourself. Go directly to Vanguard and their low-cost index funds. This is your least expensive option and at a million plus invested you’ll even qualify for their Flagship Service and some personal guidance.

Part 2: How to unload your unwanted stocks and funds

OK, now that you have the tools in place to assess what you own…

…once you do you might not like what you see.

But before dumping everything and moving on to better choices, you’ll want to think about some important considerations, mostly around the tax implications of selling an investment. But also how and where you want your assets invested going forward. Ideally you want to get this set up right and then, other than occasionally rebalancing, leave it alone.

First you’ll want to decide what your asset allocation should be. Selecting your asset allocation discusses ways to approach this and in it I share what we do personally.

When thinking about your allocation, think across all your investments and, if you are married, across all your investments for the both of you. For instance, our personal allocation to bonds is 25% and I hold our bond fund in my IRA. We could just as easily hold it in my wife’s IRA. Either way, it is 25% of our total holdings and keeping it in one place makes rebalancing easier.

Once you’ve decided where you want your investments to be, it is time to figure out how to move them around.

I link to lots of stuff; basically anything I see that I think might be useful, interesting or entertaining to you the reader. A few of these links are affiliates and these, along with the AdSense ads at the top and imbedded in some posts, pay the bills around here.

Personal Capital (PC) is the most recent of these and one of only six I have accepted. If you are curious immediately below is a list of the others.

PC first came to my attention ~10 months ago when a couple of financial bloggers I deeply respect suggested it would be a good fit here.

While impressed with what I saw, I waited until this past FinCon (financial bloggers conference) where I had a chance to spend an hour+ face-to-face with Michael the Director of Marketing, quizzing him closely and getting my questions answered.

While the affiliates here are companies and products I have personally vetted, those in the AdSense ads are not. Please see: Disclaimers

Important Resources:

  • Vanguard.com (unfortunately Vanguard doesn’t have an affiliate program)
  • Personal Capital* is a free tool to manage and evaluate your investments. With it’s great visuals  you can track your net worth, asset allocation, and portfolio performance, including costs. At a glance you’ll see what’s working and what you might want to change.
  • Betterment* is my recommendation for hands-off investors who prefer a DIFM (Do It For Me) approach. It is also a great tool for reaching short-term savings goals. Here is my Betterment Review
  • YNAB* has the best budgeting tools going and just might be the Best Place to Work Ever
  • Republic Wireless* is my $10 a month phone plan. My daughter is in South East Asia and is on the $5 a month plan. We talk whenever can and for ever long we please. My RW Review tells you how.
  • Tuft & Needle* helps me sleep at night. A very cool company and a great product.

*These are affiliate links and should you chose to do business with them, this blog will earn a small commission.

Unrelated, but here’s what I’m currently or have just finished reading and enjoyed*:

How we came to be what we are, behave the way we do and believe what we believe. My favorite in this group.

Where people who live to be 100+ live, how they live and what they eat.

Bad monkeys are Sapiens that need killing, and Jane is on the job. If you are already paranoid, you might want to skip chapter: white room (iv)

Why the future might be incredibly good. Unless the grey goo gets us.

*If you click on the books you’ll go to Amazon, an affiliate partner. Should you choose buy them, or anything else while you there, this blog will receive a small commission. This doesn’t affect what you pay.

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patricktrousseau
3329 days ago
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How many times has voter-identification fraud really happened in the United States?

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How many times has voter-identification fraud really happened in the United States? As many as 31 times out of 1 billion ballots cast since 2000, one law professor's new research shows. The incidents may account for up to 234 ballots, or 0.0000234 percent of all the voting in America.

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patricktrousseau
3758 days ago
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Benghazi!
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Reply to Tennessee prosecutor who doesn't want to be called "the Government" by defendant

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A whiny Assistant District Attorney General of Tennessee asked the judge in the case of Tennessee v Powell to order Mr Powell and his lawyer to stop calling her him "the Government." The prosecutor complained that being called "the Government" made him look bad. The reply brief is nothing short of genius: as Lowering the Bar has it: You don't get many chances to do this kind of thing, so it is nice to see someone hit it out of the park."

Should this Court disagree, and feel inclined to let the parties basically pick their own designations and ban words, then the defense has a few additional suggestions.... First, the Defendant no longer wants to be called "the Defendant." This rather archaic term of art obviously has a fairly negative connotation.... At trial, Mr. P. hereby demands to be addressed only by his full name, preceded by the title "Mister."

Alternatively, he may be called simply "the Citizen Accused." This latter title sounds more respectable than the criminal "Defendant." The designation "That innocent man" would also be acceptable.

Moreover, defense counsel does not wish to be referred to as a "lawyer," or a "defense attorney." Those terms are substantially more prejudicial than probative. See Tenn. R. Evid. 403. Rather, counsel for the Citizen Accused should be referred to primarily as the "Defender of the Innocent." This title seems particularly appropriate, because every Citizen Accused is presumed innocent.

Alternatively, counsel would also accept the designation "Guardian of the Realm."

Further, the Citizen Accused humbly requests an appropriate military title for his own representative, to match that of the opposing counsel. Whenever addressed by name, the name "Captain Justice" will be appropriate. While less impressive than "General," still, the more humble term seems suitable. After all, the Captain represents only a Citizen Accused, whereas the General represents an entire State.

Along these same lines, even the term "defense" does not sound very likeable. The whole idea of being defensive comes across to most people as suspicious. So to prevent the jury from being unfairly misled by this ancient English terminology, the opposition to the Plaintiff hereby names itself "the Resistance."

* * *

WHEREFORE, Captain Justice, Guardian of the Realm and Leader of the Resistance, primarily asks that the Court deny the State’s motion, as lacking legal basis. Alternatively, the Citizen Accused moves for an order in limine modifying the speech code as aforementioned, and requiring any other euphemisms and feel-good terms as the Court finds appropriate.

Captain Justice Responds to Government's Motion to Ban the Word "Government"







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patricktrousseau
4037 days ago
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This is so freaking fantastic I can barely contain myself.

"WHEREFORE, Captain Justice, Guardian of the Realm and Leader of the Resistance, primarily asks that the Court deny the State’s motion, as lacking legal basis. Alternatively, the Citizen Accused moves for an order in limine modifying the speech code as aforementioned, and requiring any other euphemisms and feel-good terms as the Court finds appropriate."
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