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In 1993, Harry Dent wrote an influential book in the United States: The Great Boom Ahead. In 1996, David Foot wrote a book in Canada: Boom, Bust and Echo. Both Dent and Foot pointed out that boomers form about a third of the population. This has implications for investors. For example, they pointed out that: * As the well-to-do baby boomers age, they will invest their money in the stock market and this will result in a huge stock market boom. In fact, Dent predicted the great stock market boom long before it happened. * Foot predicted that baby boomers, will have a huge influence on which industries will prosper. For instance, ...
I was working a night shift at a credit reporting facility in Atlanta, running around a tape library for 12 hours a night, fetching and monitoring credit reports. It was insanely boring, but the night shift paid more — allowing me to have just a few extra dollars to invest every month. Admittedly, it was an exciting time. The promise of doubling and tripling my money got my juices flowing. But my inexperience and unrestrained enthusiasm also led to some bad investment decisions. How a Midwestern airplane mechanic nabbed a $295,050 paycheck Like you, Dave Stetson once had to ... Read More
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