America is getting older.
I’m living proof of that. I still feel 30 in my head and often wonder who the old guy looking back at me in the mirror is some days.
I have aches and pains in places I never knew I had.
My wife stays on top of what tests and procedures I have to have every year because I passed the magic fifty threshold. I’ve been to the doctors more often in the last eight years than in the first five decades of my life, and I can’t have two ham sandwiches for lunch every day and mashed potatoes five times a week without a noticeable impact on the waistline.
According to U.S. Census projections, by 2035 there will be more people of retirement age than people under 18 for the first time in American history. By 2060, 23% of the population will be 65 or older.
The aging of America is a very long-term trend and shows no signs of reversing anytime soon.
That’s going to put one hell of a strain on Social Security and Medicare- but that’s a problem for another discussion entirely.
The aging trend is also going to create an enormous demand for healthcare services.
As that demand skyrockets, the healthcare industry will grow by billions, and here’s how we’re going to get our share of it…
On Monday, the markets collapsed over 700 points as the trade war began to look more and more like a currency war in the making.
The U.S. declared China a currency manipulator after that nation allowed its currency to decline sharply.
I view it as fairly unlikely that China cares what we think at this point in the game.
It’s clear that the top officials in that nation believe they can win the trade war.
This could get uglier if neither side blinks sometime soon.
So naturally, we should panic and begin selling stocks short, or rearrange our portfolios and make all sorts of short-term decisions and adjustments.
Maybe we’ll buy some puts in case the world ends tomorrow, or sell all our banks right away because more interest rate cuts would mean the end of the world.
We should probably check our stock prices a lot and set trailing stops to lock in smaller losses just in case this all goes over the cliff in a proverbial handbasket…
But we’re not going to do any of that. You know that isn’t how we do things around here.
There’s a much better way to handle this kind of market instability, and I’m going to show you how…