Bottom line is you'll make money in this sector if your patient and I don't mean cat on a hot tin roof kinda patience so many seem to have around here:cool:
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Bottom line is you'll make money in this sector if your patient and I don't mean cat on a hot tin roof kinda patience so many seem to have around here:cool:
Im a holder (and heavily overweight) but i don't think the sectors success is a given. I see technology as a huge threat to the sector over the next 10-20 years - when the technology is available for people to stay in their own homes till death do they part - it will have massive implications for retirement villages.
VWAP was 103.2 yesterday and 102.99 today as at 3.15 p.m...in line with market. Its all good mate, we can relax over a nice cup of tea.
I need all the calming herbal tea I can find as well as my favourite dog to pat, (stroking / patting pets lowers blood pressure), when my mind reflects on a certain director's share transaction.
I dont think it will be to bad, many dont want the hassle of maintaing their home, garden etc and go to the villages for companionship, security and carefree life. Technology wont replace companionship and its the main reason those I know went into a retirement village. Money, space wasnt an issue, they wanted the village lifestyle. I dont see that changing any time soon.