U.S. investors aiming to survive the recession, and perhaps gain ground when the economy recovers, are clambering to invest their money in the most unlikely of commodities, boats.
Large investment firms such as Merrill Lynch who are feeling the effects of tumbling stock prices and property worths have turned their attention to one of the oldest forms of transport in order to regain lost capital. Frank Chipple CEO of Merill Lynch informed A.G.M. gatheres their new investment strategy "We always knew boats were worth a lot of money especially big ones like the Titanic, but only recently did we discover the investment opportunities associated with things that float".
Large investment firms such as Merrill Lynch who are feeling the effects of tumbling stock prices and property worths have turned their attention to one of the oldest forms of transport in order to regain lost capital. Frank Chipple CEO of Merill Lynch informed A.G.M. gatheres their new investment strategy "We always knew boats were worth a lot of money especially big ones like the Titanic, but only recently did we discover the investment opportunities associated with things that float".
Financial guru and famous tv presenter Jim Cramer broke down the idea behind boat investment "It's quite simple really, everybody always wants boats, there's always going to be water on the earth, even more so with the effects of global warming." Jim advised people on how to get the best return on their floater "If you buy a boat for $50,000 all you have to do is build 3 bathrooms and 2 new bedrooms in the boat, plywood is usually the best option it's cheap and flexible, then sell your boat for $54,000. Netting you a profit of 500 dollars once you subtract the costs"
Experts also point to the opportunities of investing in jetskis, "buying two jetskis and welding them together could earn a quick profit, especially if they're the same colour".
We'll have to wait and see if this new investment craze floats with the general public.
Let them Hate so long as they FLOAT
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