Scrub!

As we look back early on this crisp morning, we can see the distraction of the fading coastline being consumed by the skyline of the ocean. It is a reminder of why we are here, why we have chosen this journey and the necessity to focus on the task at hand.

In talking with some of our fellow bunk mates, it is becoming clear that the passengers on this voyage all have something in common and have similar intentions. We have come to learn and to develop our sailing skills.

We are here to learn how to sail our own financial ship. It is my contention that while most people and families will face the difficult financial waters that lay ahead, few will navigate and traverse them successfully.

Since the soon to be mariners on this journey may have different levels of experience, the captain wants to scrub the dirt off a few basics as he now considers us all part of the crew.

Why is it that the first job you get when you join a sailing crew is to be handed a bucket and brush / mop and receive the fateful one word command “Scrub”?!

My guess would be that many people have, or will between the first of January and the end of February (RRSP season), sit down (perhaps with an advisor) and decide how to apportion their portfolio between a “diversified portfolio of stocks”, “bonds” and “cash”.

Their may be also be a small spattering of investments in emerging markets, commodities or other niche areas.

The original crew members, now our trainers, have told us that it is important we start "listening for the ship" and to start to be “getting a feel” for her.

In this instance, if you listen really carefully, you can hear the implication. Or if you follow the logic, it would imply that there maybe something wrong with investing in a diversified portfolio of stocks, bonds and cash. But that can’t be, I must be mistaken, because that’s just ridiculous.

With all this sea air and scrubbing, I know I am going to sleep well tonight.