Is being the owner of a fishing boat a good way to make money?

Is being the owner of a fishing boat a good way to make money? Let's say you invest in a well put together fishing vessel about 70 feet or more possibly a longliner worth over 100k and you are the owner. Is that a good way to make money. You yourself don't have to go do the dangerous job, others do it for you and there is a lot of money in the fishing game with the right amount of luck.Get insurance on your boat in case it sinks or something else happens. Is it worth it?? In an investment kind of way.

Asked By: - 6/24/2011
Best Answer - Chosen by Asker
I think you would be lucky to find a serviceable 40' commercial fishing vessel with all required equipment for 100k, let alone a 70 footer. Boats, electronics, and commercial equipment is all very expensive. You will also have to be prepared to offer up a considerable amount of money for operating costs as well... More
Answered By: Eric D - 6/26/2011
Additional Answers (1)
There is money to be made in long lining, but it is nothing that you will get rich doing. If you hire ALL of the work done for you, it will reduce the revenue for the boat. there are better & more secure ways to invest your money
Answered By: Robert Johns - 6/24/2011
Sponsored results
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Click. Search. Apply. Free!
Jobs hiring near your local area. Part-time, Full-time, Work at home.
Earn residual on products and services customers uses daily at home.

Other Career Questions

What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
3 answers - Asked By: drop pants not bombs!.♥ - 3/2/2010
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
4 answers - Asked By: bayebd24【ツ】 - 11/21/2007
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
1 answers - Asked By: roseparkerly - 1/26/2009

Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.

Popular Articles

Best-Paying Work-from-Home Jobs Article Rating
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook Article Rating
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
For Employers: Post Jobs | Search Resumes | Advertise
About Monster | Work for Monster | Advertise with Us | AdChoices | Partner with Us | Investor Relations | Social Media
Terms of Use | Privacy Center | Accessibility Center | Help | Security | Contact Us | Sitemap | Mobile
©2014 Monster - All Rights Reserved U.S. Patents No. 5,832,497; 7,599,930 B1; 7,827,125 and 7,836,060 MWW - Looking for Monster Cable? - V: 2014.1.40.24-311