BTW - I thought this information would be useful.
It helps communicate that some beliefs expressed fit into the fiction category....
THE baby boomer retirement shock was not supposed to be this bad. Half of all women in the boomer generation - those aged 45 to 60 - have just $8000 or less saved in superannuation.
If they were relying on men for a comfortable retirement, many will be disappointed: the average male baby boomer has a relatively modest $87,000 in super. Half have less than $30,700.
Research by Simon Kelly from the University of Canberra's National Centre for Social and Economic Modelling confirms what generations X and Y have suspected for years: the boomers will not have enough to live in the manner they are accustomed to.
"The baby boomers have terrific expectations for their retirement but very little savings apart from their houses," he said. "Most of them are going to have a fairly modest retirement."
http://www.smh.com.au/news/national/baby-boomers-face-a-super-shock/2006/10/23/1161455665709.html
One might say that babyboomers live high, but have clay feet.
I don't see the sharemarket behaving as you suggest Angelo.
My view in brief (as Angelo requests): there will be economic good times and economic bad times in the future, just as there were in the past. These will occur at regional, national, international and global levels. Sometimes affecting entire economies, sometimes only affecting some sectors. They will occur due to factors beyond my control or ability to predict.
There will also be political shifts - countries will completely vanish or change their form of government. Over the last 30 years more than half the nations of the world have changed their political systems at least once, appeared or disappeared.
Our knowledge will continue to accumulate, doubling every few years and driving innovation that sees us reshaping our society, culture and humanity to manage and survive this rate of change.
Major disasters will occur every year - shaping how we view the world, our own nation and our neighbours.
There will be wars.
Millions will die.
Millions will be born.
Species will become extinct. Some humans will grieve and try harder to preserve what remains. Others will remain fixed in their own ego-centric human world.
At every point there will be opportunities - many will not be visible six-months ahead, let alone twenty years.
Some investors will take them and prosper.
I focus on keeping my feet on the ground and my eyes on the horizon and terrain just ahead.
Others will be looking higher than the horizon and miss the diamonds at their feet.
I look for what is coming that I can see and take appropriate precautions for the unseen hazards. But I avoid speculating about the unknowable threats and opportunities as they, like ghost stories, diminish in perspective in the clear light of day.
I'm in property - because people need places to live.
I'm in energy - because this is the fuel of our global society.
I'm in education - because this is a requirement for any wishing to survive and thrive in our society.
I'm in products for the elderly - because they are a growing influence on our politics and markets.
I'm in selected stocks - because each provides a valuable product or service that society needs - in good and bad times.
I'm in funding investments - selectively supporting concepts and businesses that meet my criteria by providing services and products that society needs.
The economy is a factor, but not a driver, in my investments.
Cheers,
Aceyducey