Be broke now and in the future by trading stocks for vacations

Suppose you want to go on vacation but you also want to be able to pay your bills. What do you do? Well, you could mortgage your financial future by paying for your trip with stocks that you own. I’m not suggesting cashing out your stocks, making yourself liquid and then purchasing the trip. I mean actually paying for your vacation with stocks. Nonsense? Well, according to a New York Times article, one tropical resort chain will allow you to do just that.

Elite Island Resorts, a chain of luxury hotels with locations throughout the Caribbean, will accept payments in stock for vacations booked by January 31, 2008. And the really interesting part? They’ll value the stock at its July 1, 2008 closing price. Since that’s before the market went further south than Elite Island Resorts’ locations, you do stand to gain in the short-term if you elect to take them up on their offer.

Now, before you go ahead and call your broker, keep in mind that these are luxury resorts, so you’ll need to trade in more than one share of your worthless Citigroup stock. And they cap the amount of stock value that you can use at $5,000. They selected close to 100 applicable stocks for the promotion and feature some major names whose stock prices should, hopefully, bounce back in the future. That said, when they do increase again, would you rather have those in your portfolio or some vacation photos on your mantle?

So how much is a sanity break worth to you? Your kid’s college fund? Your ability to afford renewing your magazine subscriptions? Because you may want to consider hanging onto those stocks and being the one that reaps the benefits of an economic upswing rather than letting some luxury hotel chain increase their net worth.

As for me, I prefer to stay liquid. All of my money is tied up in whiskey.

Gadling Take FIVE: Week of Nov. 22 –Nov. 28

A person could get pretty depressed when taking a gander at how money, or rather the lack of it is influencing the places we love to go.

Perhaps some of the change is due to cultural shifts that would happen anyway. It’s hard to tell sometimes exactly what condition is causing the change.

This week at Gadling, there are a few posts that have to do with changes that are taking place around the world.

  • In France, fewer people are hanging out in cafes these days. Jeffrey gives the issue some thought in one of his posts.
  • Brenda provided more insight regarding the woes of Hawaii’s travel industry. As a person from the state, and a world traveler, she has an understanding of the factors that are influencing people’s vacation decisions.
  • In a post yesterday, Brenda also offered musings about the state of travel given the fact that there are so many places that seem inhospitable. She’s interested in Cuba and wonders if Americans are welcome.
  • Aaron, however, usually a sunny sort, has great things to say about travel in Chile. If you don’t catch this one detail while you read, he’d love to go back and is looking for someone to take him along.
  • On another positive note, if you want to feel great today, look at ImprovEverywhere’s latest video. As their latest stunt proves, everyone in the world could use a rousing welcome home–even if it’s from a group of total strangers. All you need is signage, balloons and warm, smiling faces.

Trouble in Hawaiian Paradise: A Realist’s Point of View

My initial post on “Trouble in Hawaiian Paradise” might have painted an unrealistic picture of my island home. I think it’s worth clarifying the real picture versus what my idealistic traveler self sees in Hawaii. So, being “real” for a moment, I must admit that Hawaii, just like other expensive and desirable travel destinations on the globe, certainly feels the effects of a decline in tourism. One particular Gadling reader brought specific issues to my attention that I’d like to discuss in greater detail in order to illustrate Hawaii’s predicament more accurately and clearly.

Newer, more exotic, less expensive destinations are changing the landscape of options for travelers. These new destinations (like Laos, Slovenia, and Mongolia) have changed people’s approach to travel. In most cases, it is not only more cost effective but also better to go elsewhere. Hawaii has always been expensive. That has not changed. What has is that tourists who don’t necessarily want or have to come to Hawaii choose other destinations with similar climate, like Mexico and Costa Rica. These places are certainly more affordable, but the cultural experience is quite different. Many travelers will still pay the extra cost so they can experience “Hawaii.” Others will not.Hawaii is also slow to update touristic sites and accommodate for modern tourists’ needs. Waikiki and most tourist-related buildings were built between about 1950 and 1975, and most of these buildings still stand today with just minor renovations to the exterior or interior. Updates take a lot of time, of course, and there is progress being made — primarily toward the western end of Waikiki with a new Trump hotel and new condos being built where older, smaller apartments once existed.

While Hawaii’s appeal still exists, the condition of the ocean and diversity of life have worsened significantly. Fishing, diving, and snorkeling are simply not as rewarding as they used to be. I know this because my free diving experiences in Fiji starkly contrasted to diving here in Hawaii. It made me realize how other waters are far better preserved — partly because fewer people explore them, but also because there are specific efforts to preserve the biodiversity that we do not have in place here or do not enforce.

Which brings me to the heart of the matter: a realistic solution. There is much that needs to be done to supply the islands with a healthy economy led by tourism. Residents and visitors must be more proactive about preserving the Hawaiian brand and the state’s unique ecosystem. Making local sites more accessible is a step in the direction and, with the addition of the Superferry and the rail system that was just passed, locals and tourists can travel with greater ease.

I am an idealist. I always have been. There is no realist in me, so I will likely never admit this beautiful state is suffering even if we’re right in the thick of a recession. I would rather not feed the negative view of Hawaii, as the WSJ article does.

Adelaide 2008-based time traveler attempts to pay bill with spider drawing

In case you’ve been time traveling and are confused, utility companies in Adelaide, Australia do not accept drawings of spiders as payment for utility bills. Read the article here.

I’m disappointed, of course, that artwork is still not accepted as currency. Just imagine the kind of economy we could build:

If someone rich was owed money by someone poor, the poor person could just draw a picture, and the rich person could hang it on their wall. Or, if a poor person wanted food, they could just draw a picture of the food they wanted and then leave the drawing on the shelf at the grocery store, confidently striding out the door with the item. But then, of course, rich people would want to pay for things with artwork, too, so eventually someone would have to judge how much each work of art is worth. Thusly, this new economy, which for just a moment teetered on the edge of communism, would become a dictatorship – unless, of course, there were some kind of international online community where everyone in the world could vote and value each piece of new art democratically. A new world economy would be born. What? It’s better than the one we have right now. . .

I think maybe David Thorne traveled to the future.

Christmas presents and parties banned in Croatia

Okay, here’s the truth. Not ALL Christmas gifts are banned in Croatia. Probably, you could throw a party in the privacy of your home, but the work holiday parties in both the public and private sectors, have been crossed off the holiday to-do list.

Even the holiday parties without gift-giving are off the list. There will be no Ho! Ho! Hos! this season says Prime Minister Ivo Sanader–at least, not at work. There won’t be frolic for New Year’s either, for that matter.

The economy is keeping Santa and Father Time from showing up. Just like in other parts of the world, Croatia’s financial health is on that downward slide into Scroogeville. The prime minister said that it’s time for the country to get serious. Getting serious means no parties. Cutting out parties is just one step to balancing 2009’s budget.

This article I came across about Christmas in Croatia gave me the notion that Christmas is quite the big deal in this country. I imagine that this ban on celebrating must feel like a real bummer. The BBC article about the ban points to tourists as hope for a brighter tomorrow. If tourists keep coming to Croatia in high numbers, the economy might rally. Perhaps the department of tourism can do a “Bring back Christmas; Come to Croatia” campaign to attract visitors. The word “tourists” could be written in the blank in the above photo by woodsy. Currently, the fear is tourists will stop coming.

I’m not so sure about heading there for the holidays, myself. Particularly if one is looking for good cheer.

If there isn’t money for parties, what about holiday lights? Perhaps folks in Croatia are like folks in Whoville and will manage to have holiday fun even with the Grinch-like economy lurking in their midst.