Best of Niner Niner July 06
Niner Niner, a collaborative weblog network, has over 25 great blogs and this “Best Of” highlights just a few of the posts that were written by some of the Niner authors, in topics that range from High Heels, Ajax, HIPAA Privacy Regulation to gadgets, books and health.
The Number One Boomer
The world’s number one boomer quietly turned 60 this week and I wondered if aging one more year made a difference in anything. Such as he’s fit and has money galore, and he is also the world’s most powerful person, so the need of social security, medical health plan and medication isn’t something he personally worries about.
But can he understand why the rest of the boomers do have to worry? When they must choose between having dinner today or taking their heart medicine? I hope turning one more year, also means he’s not only one more year wiser but can understand the needs of the other boomers around him.
At this point many boomers who should have retired already are still working and although some do it because they still want to, lots more do it because they have no choice. Many lost everything in scandals such as Enron and are almost starting from scratch which is damn sad.
Best Investment for Boomers
As boomers age the question becomes, which investment is best for them. There are so many options that leave some people confused and frustrated at best.
As usual, fellow board denizens chimed in with their thoughts. Member OIB1 noted, “Vis-a-vis boomer plays, I think you want to look at stocks that pay dividends. A favorite is Enterprise Products Partners, a pipeline [master limited partnership] that yields about 7% and is highly tax-advantaged. It owns critical pieces of energy infrastructure, grows its dividend 7% to 9% per year, is run by a legend, and is about as safe a bet as you can have going forward.” You can learn more about Enterprise Products Partners by trying our Income Investor newsletter for free. A free trial gives you full access to all past issues. We recommended that stock twice in the pages of Income Investor, and it’s up more than 30% since the first recommendation.