finished on the lows yesterday , normally bearish see how the day progresses
Printable View
finished on the lows yesterday , normally bearish see how the day progresses
I remind my self from time to time there is nothing to be gained from looking at daily share price movements in a long term investment. Retirement stocks are currently the territory of the traders and brokers looking to make a quick bob or two. (Brokers will be saying SUM oversold and time to buy back in at these prices),
Looks like a few more residual Lemmings keen to take the cliff jump.Lol
Sure thats all feel good stuff and in a spreadsheet makes it look important
What I would like to do here is begin to understand how much a sustained increase in longevity would affect profits.
One resale makes about 30% of the value of the unit as a ticket clipped doesn't it?
I'm assuming that's a lot of revenue lost if people started living heaps longer , like say if medicine just keeps getting better and better.
I don't think that people living longer would be a problem for the current business model. It only would be if people stay for a longer time in the retirement home - i.e. if they move in at the same age as previously but stay longer for the same price. This is however not the case.
People are living longer these days in their own homes (average entry age moved up significantly over the last 15 years) before they move into a retirement village (remember the last anti retirement village fad ...). Average life expectancy did not move up by that much than entry age. Profitability should (all other things being equal) increase ...