No one will ever be able to predict every twist and turn in the economy or in the financial markets. But over the medium and long terms, the economy is surprisingly predictable.By studying demographics and other key factors, accurate forecasts can be made for individual industries, real estate markets, and entire economies. These predictions can be used for the greater good so that investors, and government entities can more effectively plan and invest.In this book, Discover what r…
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Interesting and informative. Many readers will say “I get it now”. You don’t need to be an economist to understand this.I am doing my 24 year old son a favor and sending him a copy. I wish I knew this at his age.
This book presents data and analysis to understand the very significant impact that demographics plays on investing today. Demographics normally have an important role on economic trends, such as consumer spending. But with the aging of the Baby Boom generation, the authors demonstrate how demographics will have major impact on investments over the next ten years. The book explains how this generation is moving into period of their life where their spending will naturally decline. But baby boomers have seen their net worths in housing and investments cut dramatically by today’s recession, so the natural decline in spending will be more dramatic as boomers focus on rebuilding their savings for retirement. The authors present a compelling case that this will be a major factor influencing portfolio returns.
In addition the authors do an excellent job of summarizing economic thought over the last century, and explaining how many of these thinkers have missed the critical impact of demographics.
Also nicely done was the excellent discussion of portfolio management and the value of
diversification. They add a critical element in my mind to portfolio management, which is adding a
step to layer one’s economic view on top of portfolio theory. The authors insights into demographics makes it a critical step over the next decade.
I have followed the previous work of HS Dent, which the authors acknowledge and build upon. Demographic insights have assisted many investors in managing through the boom times of the ’90’s and the recessions of the current decade. I believe that the author’s insights will help investors to manage through the tough times ahead.
This book is timely in today’s economic downturn. The authors do a great job at explaining how the U.S. economy has gotten to its current state and also gives insight on where we are headed. I recommend this book to anyone who wants to better understand economic cycles and financially prepare for booms and busts.