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To: Seeker of Truth who wrote (50343)	5/24/2004 4:06:57 AM
From: elmatador	Respond to of 74559

Thanks for your comments: <<You posted that Citigroup savants say that the baby boom generation will work longer and earn more than previous generations.>> I posted to know if anyone would be as perplexed as I was!! << But really that's one of the most bittersweet declarations I've ever seen. At what jobs will these eager baby boomers work?>> I posted for the guys who know stuff much more than I do, because I can't fathom. <<What employer dreams of hiring lots of those over 60's people? Try and get a job if you are jobless and over 50!!>> Well, actually, I have a job at 51, but again not many people are like Elmat, I have to concede. <<What they want and what the system offers them have no relation to each other.>> Basically the CITI guy is trying to make a correlation between demographics and investing. First I agree that older people have a need for an income since they don’t have sufficient funds to live with the same standar of living they are accostumed to. Before this people try to get income in the late years, they will first try to prepare themselves fidning a cheaper place to live. See please posting 50315. A case in point. He left out the hard part, what skills they have that is saleable in the market? <<Citigroup's declaration reminds me of Japan's "life long" employment. Companies in difficulty there are pushing their loyal employees out at age 55. Now we say "career long employment".>> Herein lies the great contradiction: In one hand we belive that people need an income in the lat years. In the other hand companies are busy early retiring people!!! <<Citigroup is honest and upright. They might have to pay a few hundred million occasionally as a penalty for deceiving investors, but that's due to some misunderstandings.>> I have a bank account with them and I hope they don’t go belly up. <<Young people out there, to secure your future you have to 1. strive to be an expert at what you are doing and 2. pay some attention to the stock market; don't settle for mutual funds. So I believe.>> I think if young people aren't afraid they don’t know what's going on. <<El Matador, do you really like bull fights?>> No! I think bullfights are the most stupid kind of sport someone can be involved with or willing to watch barred wrestling. But I like to watch a replays of the Matador gets gored. That must hurt real good! The name Elmat was chosen because of the immense number of bulls back in the late 90s'