another tip, page-13

re: another tip - game plan "you would be nuts not to have some VLL as part of a balanced portfolio in my opinion."

Agree!

According to an article in AFR yesterday 25 Oct. 2004
“By 2005 (yes, next year) for the world as a whole there are forecasted to be more people aged 60 and over than ankle biters age 5 and less. This is the first time in recorded history”

“By 2050 there are projected to be more than a million Japanese centenarians”

So, where are the future investment opportunities for ‘long term investors’ (as oppose to the ‘short term traders’) in this aging scenario?

Elderly spend more on:
- Travel
- Retirement homes
- Health care
- Viagra
- Etc.

We will see more elderly using ‘reverse mortgages’ to keep a quality of life.

For Government all this could be a concern.
Spending on PBS would increase from 0.6% of GDP to 3.4% of GDP.
70 year old citizens are 7 times more demanding on PBS than the 30-49 year old.

Any comments and / or suggestions to sectors that will benefit long term??