Saturday, August 25, 2007
Investing in Cancer, Broken Hips, and HIV for Profit
I said I invest in what I know. Half my money is in mutual funds and the other half in equities. Here's a Boomer's Portfolio of equities - here's where the money is for the next five years.
You feeling bad?
DGX - Quest Diagnostics: doing all kinds of body fluid tests for what ails you. HIV, cancer, diabetes, illegal drugs, lead, etc.
MO - Altria: Cancer sticks and more. Exporting more cancer to the third world than ever before.
ZMH - Zimmer: Maker of replacement human body parts. Bionic Woman TV Show this fall should provide nice lift.
NVS - Novartis: You get cancer or HIV? Rest easy, we have a vaccine on the way. Or not.
You looking bad?
AGN - Allergan: Botox!
You done bad?
CXW - Corrections Corporation of America: Private Jails and Prisons, the only sure growth area industry left in the U.S. The more Homeland Security picks up, the more crowded the jails and prisons get.
You feeling good but pussy feels bad?
WOOF - VCA Antech: Veterinarians and animal hospitals. People are going nuts over their animals.
PETM - Petsmart: Toys for your pussy. If your snake needs crickets or mice, or your ferret needs whatever ferrets need, Petsmart will have it. WOOF and PETM need to hook up to get stronger.
Want to look good?
AEO - American Eagle Outfitters: Kids spending grandparents gift money.
CHS - Chico's: Boomer women fashions.
JNJ - Johnson & Johnson
I support diversity!
BNI - Burlington Northern: Good enough for the Oracle, good enough for me.
KFT - Kraft: Cheez Whiz, the Boomer food for the future.
D - Dominion Resources: Gas and pipelines from the ground to the furnance, they control it.
GTN - Gray Television: Pure play television stations in small markets. Elections!
IGT - International Gaming Technology: Slots where Boomers are trying to parlay their $44,000 into $45,000
MVIS - if you have to ask, go away.
Talk amongst yourselves, if you have any original thoughts, comment. I'm GoingLikeSixty and I'll be here all weekend. Don't forget to tip the parking valet.
Disclaimer: If you buy any of these stocks, you may get caught picking your nose right when that babe looks at you. And you may lose money.
Comments:
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After all the baby boomers were born, did the human race stop reproducing? And once they are gone demand will cease to exist? Did you know that with the invention of the Wright Flyer, internet, and time travel it is becoming more and more of a global market place? I agree the US has built a large economy with the help of boomers, but there are many emerging economies across the globe. i.e. China and India that consume products and services. I heard a rumor that Asian airliners use Boeing 747s, 777s, and 787s now, and they operate on jet fuel (which is made from Oil). I think FLR and FWLT help with that process.
http://www.w3.org/2006/Talks/1106-sb-OneWeb-Mobile2/cell_africa.jpg
Nokia deducts her monthly payment from her Master Card once a month.
http://www.w3.org/2006/Talks/1106-sb-OneWeb-Mobile2/cell_africa.jpg
Nokia deducts her monthly payment from her Master Card once a month.
60 great post there. I am copying and pasting into a word doc. Thanks for the good consolidated info. I can't agree more on the healthcare play. Even though boomers were once dirty filthy hippies they now want plastic surgery and tittie lifts (men and women) which I am all about.
# posted by 
: 4:33 PM
: 4:33 PM
60- good post--lot of good names for us OTB guys.
I like JNJ,WAG,ZOLL,AEO,EBAY,DLM,TIF,MMM,of course MVIS which is everyones favorite roulette bet on the board.
I think YHOO,HPQ,and YHOO are all going up.
I like JNJ,WAG,ZOLL,AEO,EBAY,DLM,TIF,MMM,of course MVIS which is everyones favorite roulette bet on the board.
I think YHOO,HPQ,and YHOO are all going up.
I'll give you this much old dude ... you have a lot of energy. You can stick around ... I won't vote you off ... yet.
but the race is only 1/2 over ... you may have shot your wad these last 24 hours .. get a nap & recharge so you don't peter out before the finish line .. a strong finish is always the way to go.
Sixty, you prove that people don't become less self-centered as they age.
Clearly, you think everyone is as fucked as you make yourself out to be. My grandparents had five kids, sent them all to college, gma was a teacher, gpa was an electrical engineer who retired at 65 (now 83). They lived in CA their whole life, from LA, now they live in La Jolla.
Sounds to me like they're doing pretty fucking well to me. What exactly is their impact on...crox?
BA?
FWLT?
They don't spend frivolously on any of the things my generation spends so much on, let alone jets and power plants.
They have hardly been a contributor to half the stocks we care about--how can they affect something by leaving, when they didn't help for shit by arrivng? Unless AAPL suddenly is correlated to boomers. I get the gist of your points, they are just so broadly applied with narrow focus that I can't help but mull over at what age I can expect my magnificent brain to begin its entropic demise.
Oh, and my same gparents bought a painting for $350 in 1960. Had it in their living room the whole time. It was painted at the same art school at the same time as Picasso, but obviously not by him. They decided to get it appraised--Turns out, 30-40K, what a nice surprise. Your whole life savings, by accident, in a painting.
So, they put it up for auction--350K was the selling price.
I invite you and your calamitous perspective on what "boomers" are doing to go fuck itself.
My grandpa fought in korea, raised 5 daughters (I would have probably ended my life after 4), and just because you have sand in your depends, doesn't mean you can predict shit besides "Dividend paying" and "hip replacements."
Congrats on giving us a list--that for all intents and purposes--tracks the market.
Healthcare, real estate, retail, and cyclical industrial.
Bra-fucking-vo.
Joggin.
Clearly, you think everyone is as fucked as you make yourself out to be. My grandparents had five kids, sent them all to college, gma was a teacher, gpa was an electrical engineer who retired at 65 (now 83). They lived in CA their whole life, from LA, now they live in La Jolla.
Sounds to me like they're doing pretty fucking well to me. What exactly is their impact on...crox?
BA?
FWLT?
They don't spend frivolously on any of the things my generation spends so much on, let alone jets and power plants.
They have hardly been a contributor to half the stocks we care about--how can they affect something by leaving, when they didn't help for shit by arrivng? Unless AAPL suddenly is correlated to boomers. I get the gist of your points, they are just so broadly applied with narrow focus that I can't help but mull over at what age I can expect my magnificent brain to begin its entropic demise.
Oh, and my same gparents bought a painting for $350 in 1960. Had it in their living room the whole time. It was painted at the same art school at the same time as Picasso, but obviously not by him. They decided to get it appraised--Turns out, 30-40K, what a nice surprise. Your whole life savings, by accident, in a painting.
So, they put it up for auction--350K was the selling price.
I invite you and your calamitous perspective on what "boomers" are doing to go fuck itself.
My grandpa fought in korea, raised 5 daughters (I would have probably ended my life after 4), and just because you have sand in your depends, doesn't mean you can predict shit besides "Dividend paying" and "hip replacements."
Congrats on giving us a list--that for all intents and purposes--tracks the market.
Healthcare, real estate, retail, and cyclical industrial.
Bra-fucking-vo.
Joggin.
^everyone else changed their tide, but I still am dissatisfied over the preachiness. Don't like the cut of this guys jib.
You should stick to your own site, it's more entertaining than what's going on here.
You should stick to your own site, it's more entertaining than what's going on here.
@crude broker: I don't know squat about global except NVS and NOK. I own NOK via mutual funds. I sure don't know nothin' 'bout buildin' areola planes.
@mrkcbill: owned WAG just didn't move fast enough for me. Owned eBay, didn't like Skype deal. I owned DCLK, wish I had VCLK now. Yahoo needs to be a buyer or be bought.
@danny: I want some of what you're smokin' Your 83 year old grandpa isn't a Boomer. They bought a house in California what 40 years ago and flipped it a couple times?
He probably has a nice fixed income pension. The only workers who have fixed income pensions now are unions and gummit.
@mrkcbill: owned WAG just didn't move fast enough for me. Owned eBay, didn't like Skype deal. I owned DCLK, wish I had VCLK now. Yahoo needs to be a buyer or be bought.
@danny: I want some of what you're smokin' Your 83 year old grandpa isn't a Boomer. They bought a house in California what 40 years ago and flipped it a couple times?
He probably has a nice fixed income pension. The only workers who have fixed income pensions now are unions and gummit.
Yeah, it would be insane to think he actually saved a coupla bucks on his own.
Does turning sitty really make you this bitter?
Does turning sitty really make you this bitter?
All this is built around a flawed premise.
A bunch of the same stock picks that scroll every minute on CNBC.
Based on everyone's reactions, I'd say that you all are lying about your ages.
A bunch of the same stock picks that scroll every minute on CNBC.
Based on everyone's reactions, I'd say that you all are lying about your ages.
"Recent research on wealth and household finances seeks to blend neoclassical models with an understanding of real-world imperfections to answer questions about why some people save and others do not. This paper focuses on Baby Boomers standing on the verge of retirement, many of whom have saved little and will face financial insecurity in old age. The new 2004 wave of the Health and Retirement Study is invaluable for this first analysis of the financial situation of leading-edge Boomers, as it reports not only wealth levels but also information about respondents’ planning behaviors and economic literacy. We show that the distribution of net worth among Early Baby Boomers is quite skewed; those in the 75th percentile had over 10 times the net worth ($400K) of households in the bottom 25th percentile ($37K). There is substantial heterogeneity in wealth within this cohort: the median high-school dropout had less than $23K in total net worth, while the median college graduate had over 10 times as much. Many Black and Hispanic Boomer households hold miniscule levels of wealth. Further, many in this cohort have accumulated little wealth outside their homes: at the mean, one-third of the early Boomers’ wealth is held in the form of home equity, and at the median the fraction is close to half. Since many members of this EBB cohort are reaching retirement with a substantial portion of its wealth in housing, they are particularly vulnerable to housing value shocks. By contrast, holders of stocks, IRAs, and business equity are concentrated in the top quartiles. Finally, we show that planning and economic literacy are important predictors of savings and investment success."
http://ideas.repec.org/p/mrr/papers/wp114.html
http://ideas.repec.org/p/mrr/papers/wp114.html
I get the ominous feeling that there are way too many old fuckers reading my blog.
Back to weekend fun.
Back to weekend fun.
"Next, the authors explore the extent of financial planning among these households. When Boomers were asked whether they had thought about retirement, over one-quarter responded "hardly at all." Interestingly, those who reported that they undertook any planning, even "a little," had wealth holdings over twice as large as that of nonplanners.
The authors also find that less-educated and non-White households are much more likely to be nonplanners.
One reason people may fail to plan is because they are financially unsophisticated. In prior research, the authors showed that half of survey respondents could not make a simple interest rate calculation and did not know the difference between nominal and real interest rates; an even larger percentage did not realize that holding a single company stock is more risky than holding a stock mutual fund. In this paper, they again find that many Boomers are unable to make simple economic calculations, in particular when it relates to interest compounding."
http://www.nber.org/aginghealth/winter07/w12585.html
60: you would have us believe that these folks that cannot compute compound interest are going to have the wherewithal to pull out their 44K retirement from growth stocks to fixed income?
The authors also find that less-educated and non-White households are much more likely to be nonplanners.
One reason people may fail to plan is because they are financially unsophisticated. In prior research, the authors showed that half of survey respondents could not make a simple interest rate calculation and did not know the difference between nominal and real interest rates; an even larger percentage did not realize that holding a single company stock is more risky than holding a stock mutual fund. In this paper, they again find that many Boomers are unable to make simple economic calculations, in particular when it relates to interest compounding."
http://www.nber.org/aginghealth/winter07/w12585.html
60: you would have us believe that these folks that cannot compute compound interest are going to have the wherewithal to pull out their 44K retirement from growth stocks to fixed income?
Others, however, contend that any effect will get washed away in the interplay of myriad other forces. "There are doomsayers, but quantitatively I think the effect will be small," says Ang, who along with fellow researcher Angela Maddaloni wrote a 2003 paper titled "Do demographic changes affect risk premiums?" for the European Central Bank. They found empirical evidence of an effect, but suggest it's going to be hard to predict. In the same vein, a widely read paper by MIT economist James Poterba calculates that the effect may total half of one percentage point over 30 years. That would shave a total of 14% off a portfolio--hardly a meltdown. It wouldn't even turn a bull market into a bear. And Poterba suggests trends like immigration and international capital flows from the developing world could counter any market effect.
One theory holds that newly born investors in developing countries will pick up any slack in demand for stocks--for them, a sell-off in North America would provide a huge buying opportunity. In any event, skeptics argue, the many factors involved make it nearly impossible to predict with any confidence what's actually going to happen.
In a sense, this is an issue that has less to do with market dynamics and more to do with elected officials, says Ang. Immigration controls and attempts to bring all immigrants into "the system" in the United States will have a big impact on how the demographics/market story plays out. "It's not so much an economic but a political question," Ang argues. "My honest opinion is that there will be some effect, but equity markets are highly volatile and it's hard to predict anything out five to 10 years. I'm not arguing that this effect isn't there, but there are so many other factors in play it's hard to say what any effect will be."
So stop worrying: doomsday is an unlikely scenario. Probably.
http://www.canadianbusiness.com/markets/stocks/article.jsp?content=20060109_112304_5092#adSkip
One theory holds that newly born investors in developing countries will pick up any slack in demand for stocks--for them, a sell-off in North America would provide a huge buying opportunity. In any event, skeptics argue, the many factors involved make it nearly impossible to predict with any confidence what's actually going to happen.
In a sense, this is an issue that has less to do with market dynamics and more to do with elected officials, says Ang. Immigration controls and attempts to bring all immigrants into "the system" in the United States will have a big impact on how the demographics/market story plays out. "It's not so much an economic but a political question," Ang argues. "My honest opinion is that there will be some effect, but equity markets are highly volatile and it's hard to predict anything out five to 10 years. I'm not arguing that this effect isn't there, but there are so many other factors in play it's hard to say what any effect will be."
So stop worrying: doomsday is an unlikely scenario. Probably.
http://www.canadianbusiness.com/markets/stocks/article.jsp?content=20060109_112304_5092#adSkip
http://thenewbusinessworld.blogspot.com/2007/08/baby-boomers-to-crash-stock-market.html
Someone else please read the above blog post, which seems to have sparked 60's bearshitter premise.
This blog post is utter hogwash. One or two verifiable facts sprinkled in with a bunch of pseudo-intellectual psuedo-scientific opinion and fear-mongering. Give me a break.
Someone else please read the above blog post, which seems to have sparked 60's bearshitter premise.
This blog post is utter hogwash. One or two verifiable facts sprinkled in with a bunch of pseudo-intellectual psuedo-scientific opinion and fear-mongering. Give me a break.
Shed, I hope you are kidding about the 44k thing.
And even if you ARE kidding, the joke is getting tired.
And even if you ARE kidding, the joke is getting tired.
60- I read my comment whereby you responded with STFU.
Maybe there was a misunderstanding. Maybe not...
I was referencing the blog post from the newbusinessworld blog, not "this" blog post re: your post Investing in Cancer...
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Maybe there was a misunderstanding. Maybe not...
I was referencing the blog post from the newbusinessworld blog, not "this" blog post re: your post Investing in Cancer...
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