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Alternative assets
The Income Hurdle
The ten year US inflation indexed Treasury yield reached 2.44 per cent in August 2026, setting a real hurdle that every illiquid real asset must clear after operating costs before its illiquidity is compensated at all.
Mike Soertsz17minUpdated Aug 2026
Charter income and returns
Charter Return Bridge
Charter yacht returns are decided by weeks actually sold, not advertised day rates, and any charter proposition must clear the 2.44 per cent real yield on ten-year inflation-indexed US Treasuries recorded on 17 August 2026 after costs and depreciation.
Mike Soertsz15minUpdated Sept 2026
Fractional ownership
Fraction or Fund
Fractional yacht ownership solves a consumption problem rather than an allocation problem: a share buys weeks aboard one hull used 4 to 5 weeks a year, with no reference price at exit.
Mike Soertsz15minUpdated Aug 2026
Charter income and returns
Yacht as Investment
A yacht bought for personal use is not an investment: it loses ten to fifteen per cent of value in the first year and thirty to fifty per cent by year ten while consuming cash throughout.
Mike Soertsz17minUpdated Aug 2026
Buying a yacht
Buying a Yacht
A Lagoon 46 advertised at 686,800 euros reaches roughly 894,585 euros before tax once made usable, about 30 per cent above the headline, and buyers lose most of their money over the holding period that nobody models.
Mike Soertsz16minUpdated Aug 2026
Charter management
Manager Diligence
A yacht management company should be judged on its order of deductions and its published rate card rather than its headline split, because an 80/20 split can leave an owner with less cash than a 60/40 one.
Mike Soertsz17minUpdated Aug 2026
Charter management
Programme Economics
Yacht charter management programmes take three contract shapes, and the headline figures, an 8 percent fixed payment at The Moorings and Sunsail or 70 percent of gross revenue at Dream Yacht Performance, differ mainly in who absorbs charter revenue variance.
Mike Soertsz16minUpdated Aug 2026
Cost of ownership
Catamaran vs Monohull
Catamarans pay a published berthing surcharge of 60 to 100 per cent against comparable monohulls, applied to a hull that costs around 30 per cent more than its advertised price to put in the water.
Mike Soertsz14minUpdated Aug 2026
Cost of ownership
Yacht Ownership Costs
Annual running costs on a published sample ownership budget come to twenty-one to fifty-eight per cent of a boat's purchase price, not the ten to fifteen per cent rule of thumb the brokerage industry repeats.
Mike Soertsz15minUpdated Aug 2026
Cost of ownership
Purchase Price vs Total Cost
Boat Trader's own published budget for a $50,000 boat totals $10,449 to $28,800 a year. That is twenty-one to fifty-eight per cent of purchase price, not the ten to fifteen per cent rule of thumb.
Mike Soertsz6minUpdated Aug 2026
Fractional ownership
Democracy at Sea
A yacht held by six or seven co-owners is an anticommons in which every owner can veto and none can act, so routine repair decisions that a professional manager settles in hours wait weeks on consensus.
Mike Soertsz13minUpdated Aug 2026
Alternative assets
REIT Valuation Opportunity
The public-private real estate cap rate spread reached 112 basis points in the third quarter of 2025, against a typical 20 to 50 basis points, indicating public REITs trade below private market valuations of comparable assets.
Mike Soertsz12minUpdated Aug 2026
Market intelligence
Marine Digital Transformation
CPP Investments and General Atlantic committed 600 million dollars to Boats Group in December 2025, an institutional judgement that the marine industry sits at an early stage of digital and AI-led transformation.
Mike Soertsz12minUpdated Aug 2026
Market intelligence
Strategic Yacht Acquisition 2026
Yacht buyers in 2026 evaluate fuel consumption, crew requirements and resale value before purchase, and shipyard order books remain full through 2028 and 2029 despite the shift away from impulse buying.
Mike Soertsz12minUpdated Aug 2026
Alternative assets
Luxury Collectibles & Superyacht Evolution
Luxury collectibles are being institutionalised, with a Christie's-backed Hermes handbag hedge fund raising 1 million dollars in November 2025 and reporting a 34 per cent net return over its first 43 days.
Mike Soertsz14minUpdated Aug 2026
Alternative assets
Real Estate Secondaries & PE Mega-Deals
The real estate secondaries market is projected to reach 15 billion dollars in 2025, up from 8 billion in 2023, an 88 per cent increase in two years.
Mike Soertsz15minUpdated Aug 2026
Alternative assets
The Debasement Trade
Gold passed 4,000 dollars per troy ounce and silver rose 75 per cent during 2025 as ultra-wealthy investors rotated from financial assets into tangible ones, a shift the yacht market is now absorbing.
Mike Soertsz12minUpdated Aug 2026
Alternative assets
BRICS De-Dollarization Impact
Foreign central bank Treasury holdings at the New York Fed fell to 2.78 trillion dollars in October 2025, the lowest level in over a decade, as BRICS members expanded non-dollar settlement systems.
Mike Soertsz12minUpdated Aug 2026
Alternative assets
The Great Convergence
McKinsey estimates the convergence of traditional and alternative asset management puts 10.5 trillion dollars in motion, driving portfolios from the 60-40 model toward a 60-20-20 split with 20 percent in private alternatives.
Mike Soertsz19minUpdated Aug 2026
Alternative assets
Family Office Marina Boom
Single-family offices are projected to reach 5.4 trillion dollars under management by 2030, and private equity is reclassifying marinas as infrastructure, evidenced by Blackstone paying 5.6 billion dollars for Safe Harbor Marinas in February 2025.
Mike Soertsz18minUpdated Aug 2026