re: another tip - good post henrikc
Subject re: another tip - game plan Posted 26/10/04 12:04 - 62 reads Posted by henrikc Post #399948 - in reply to msg. #399706 - splitview
"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??
Good post. Regarding sectors/stocks that will benefit L/T:
Reverse mortgages - as you said: Check out OFM Investment Group (OFM), good solid high dividend paying company that is moving into this reverse mortages business.
Mariner Retirement Solutions (MRT) should benefit from the billions of dollars set to flow into Term Allocated Pensions (TAP's) and unleashed superannuation $. MRT and MFI are both run by ex-Challanger chief Bill Ireland).
Village Life also is an excellent buy after yesterday's fall.
