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Boats, buoys and bad investments

Hong Kong Ship - resized
By Taipan
14 Aug 2014

As it typical this time of year, just as you start to enjoy Hong Kong’s summer, in comes the black rain, bringing with it misery, frustration and the complete inability to pick up a taxi anywhere. Several summers ago it was like this. And then the black rain really was a perfect match for my mood.

It started the same way. Lovely crisp days in February, rolling into a hot spring. What better way to enjoy the summer, I thought, than aboard my own private boat.

Flushed with cash and excitement after a particularly good bonus, I clubbed together with a friend to purchase a junk. For the first month she was wonderful.

It was at one of our infamous boat parties that I first laid eyes on Tai Tai. I drank at least a bottle of Taittinger before I had the courage to talk to her. This, it turns out, was not advisable, as I slipped on the champagne sloshed all over the deck and fell overboard.

Anyway, when the black rain set in a month later the junk began to haemorrhage money — boat boys, moorings and fuel do not come cheap. At first I did not notice, but six months later I remembered the thing was still there — rotting.

Now as a banker I’d like to think I can make a decent investment — and it turns out the two best things about having a boat are the day you buy it and the day you sell it. Not because you’re making a decent ROI, but because damn thing loses you money from day one. Much like children I suppose, but unfortunately you can’t sell them. 

By Taipan
14 Aug 2014