When economies around the world ebb and flow, finding the right investment venture is exceptionally important. Investing money into property, buying stock shares of the latest Internet sensations, or purchasing a yacht are some of the most popular options with the savvy businessmen. When it comes to yachts, however, they have long been considered to be a mean of investment affordable only to the high net worth individuals.
This perception is bound to change with the popularization of the fractional ownership concept, promoted by companies such as Smart Yacht. Thanks to a co-ownership program, investing in yachts is no longer reserved just for the ultra rich individuals. Now anyone can enjoy yachting with all of its bells and whistles, while making it a part of your luxury lifestyle for a fraction of the traditional costs.
Unlike cash stored in the bank account, ownership is a “safe haven” investment, because it is not going to disappear during turbulent times. How to afford one is the question that logically arises?
Investors with fewer funds at their disposal can either opt for smaller boats or for yacht fractional ownership. The latter allows the owner to enjoy all the benefits of owning a luxury yacht at a significantly lower cost and with a reduced number of maintenance hassles. In fact, maintaining a yacht is more costly than a house, and thus an opportunity to share operating costs is highly valued by yacht owners.
H. Grabher , one of Smart Yacht’s fractional owners, says that “ I would never have bought one in the Mediterranean on my own. Having your own yacht means high costs and a high level of personal stress. With Smart Yacht, I have all the benefits of owning my own, but without the high costs involved in purchase and maintenance.’
With a maximum of four owners sharing a boat, you are able to get the best of yacht ownership without making many compromises. From the investment point of view, fractional yacht ownership is a sound business investment, because luxury vessels are expensive assets that are not used frequently. If you charter your yacht out just for several weeks out of your 9 (or more), you will be able to recoup administration costs for the year.
The beauty of investing into fractional yacht ownership is that you get access to a high-end luxury lifestyle with a comparatively small financial outlay. Who wouldn’t want that? All aboard!