Momentum Investing: How to Not End Up Old and Broke!
My kids will never be farmers. They won’t be ranchers either. And I doubt they’ll ever own an industrial-sized chicken coop (what a mess!). Like most everyone else, I presume my children will be urban professionals their entire working lives, hustling for promotions and bigger paychecks.
This is a problem for me. And, chances are, it’s a problem for you as well.
For centuries people by and large grew their own food, were self-sufficient, and took in aging relatives. It was a hard living, but it was still a living. For older folks, it meant knowing where they would end up when they could no longer work.
Those days are gone. Now everyone keeps their own household until they move to assisted living, enter a nursing home, or die.
I don’t know when I’m going to pass. I imagine my wife and I will live most of our days on our own. Eventually we’ll end up in a facility of some sort. It’s something I’m not excited about, and I’m especially not looking forward to paying for it.
But unless I want to end up broke in my old age, I have to plan for this path, which means slogging through financial data ad nauseam, developing and implementing investment approaches that I believe will help me reach my goal.
I know I’m not alone in this. We all work on growing our wealth to finance retirement. And we all worry about it, because if we come up short, it means suffering with a lower standard of living when we’re too old to rejoin the workforce.
To reach our goals, we’ve got to make saving and investing personal. We can’t rely on averages. None of us are average because we each have our own set of circumstances. Long-term portfolio calculations based on average returns won’t pay the bills.
We need concrete action plans that make sense and limit risk. That’s why we have such a strong emphasis on momentum here at Dent Research, along with an eye toward hedging. The objectives: speed, and safety.
Our overriding theme is still demographics, and our main body of work will continue to follow economic and financial trends around the world.
The trick is putting research into action.
