We looked at three demographic themes which could shape investments for the future. These were an ageing population, population growth and a growing middle class. One aspect of the discussion was that Australia had the 13th largest economy in the world, but with just over 25 million people it was comparatively rich on a per capita basis. We also noted that the COVID pandemic has seen substantial population movement from the cities to regional areas.
We also noted that CommSec had produced a list of 22 income producing stocks, all with returns of 3.6% or above. The majority of the charts of these stocks were going sideways and included some banks, shopping centres and some industrial stocks.
Due to the fact that the numbers allowed in the Senior’s Centre are currently capped at 30, and the Senior Citizens are playing bowls on a Friday afternoon, we have changed our meeting time to 1.30pm on the first Monday of the month. So we are looking forward to seeing you all on Monday 1 November 2021 at 1.30pm.