Ummm, there are some of us who collect & operate this stuff just because we like it ...HI
de KA4JVY Mark --- Merz Donald S <[EMAIL PROTECTED]> wrote: > Q: What do baby boomers have to do with boatanchors? > A: Anything, and -- not to put too fine a point on it, everything. > > Let me explain. > > A baby boomer is a person born between the years of 1946 and 1964. Every > country on Earth has a significant baby boomer generation. In the USA, the > baby boom generation is over 26% of the population. The current aggregate > income of USA baby boomers is $4.1 trillion. They (we) use this income to > account for 40% of total demand and almost 50% of all discretionary spending. > Boomers hold 80% of the cash and 79% of all the assets that exist--including > --ta-da-- boatanchors. > > So what? Well, 46 + 65 = 2011. The boomers are retiring soon. Actually, due > to early retirements and other factors, significant increases in retirements > will begin between 2006 and 2008. By 2011, retirement-mania will be in full > swing. Sometime shortly thereafter, "the largest wealth transfer in history" > begins to take place. A minimum of $41 TRILLION will begin transferring "from > parents to children and from philanthropists to charities." > > Economists only have this figured out in the broadest terms. But sometime > between 2011 and 2021, the baby boomers will become what is called "net > sellers of investments". That means that you and I will unload more > boatanchors than we buy. Economists disagree about what this means for the > financial markets. The gloomy ones say that this will usher in a "structural > bear market that could last throughout much of the second quarter of the 21st > Century." But let's deal with boatanchors here. > > I changed the wording in the paragraph below to say "boatanchors" everywhere > it used to say "financial holdings". But this is from an insurance industry > report: > > "At first, the older Boomers will begin selling some of their BAs, but the > sales will be absorbed rather easily by the larger number of younger Boomers > who are still eagerly buying. Eventually, though, even the middle and > younger-aged Boomers will want to liquidate some of their boatanchors. Who > can they sell to? The only options seem to be the much smaller and more > financially pressed "Generation X" that grew up in the shadow of the boom, or > the potentially larger and more promising market of buyers from overseas." > > This is why you and me have anything and everything to do with boatanchors. > We own practically all of them. And we all need to get rid of them over the > next 15 to 25 years. Worse, the only market we have for them is "much smaller > and financially pressed". > > A word to the wise should be sufficient. Keep your collection in touch with > the demographics and the concepts of supply and demand. BAs are fun. But they > are not good long term investments. It's just that simple. > > Since no one is going to want them, I am planning to be buried with > mine--like the ancient Egyptian mummies with their cats. > > 73, Don Merz, N3RHT > > Quotes are from various insurance industry reports on the web and the World > Future Society. > > The information contained in this e-mail may be confidential and is intended > solely for the use of the named addressee. > Access, copying or re-use of the e-mail or any information contained therein > by any other person is not authorized. > If you are not the intended recipient please notify us immediately by > returning the e-mail to the originator.(A) > > _______________________________________________ > AMRadio mailing list > [email protected] > http://mailman.qth.net/mailman/listinfo/amradio __________________________________ Do you Yahoo!? Yahoo! Small Business $15K Web Design Giveaway http://promotions.yahoo.com/design_giveaway/
