Better hope the X&Y groups are better off than you think because these are the people you’re going to need to sell or rent your assets to in order to fund retirement. When you make an investment it pays to think about the person who you think you could sell it to for more in the future. Some assets will do better than others but if the next generation is going to be over burdened you might want to rethink how much your assets are really going to be worth in the future. I suppose you could hope for rich Chinese buyers.[/quote]
Nope. “Hoping” is not part of my retirement/investment strategy. Part of the strategy is not depending on the X&Y groups to have anything to do with my retirement strategy or have my hopes to depend on them to purchase assets.
I do agree with you however that it pays to think about exit strategy no matter what type of investment you are buying. Even on longer term investments it always pays to think about exit strategy.
But honestly, I don’t think it’s wise for anyone to plan on the Generation X & Y groups overall to be retiring with high net worths and in many situations ANY net worth.
I do agree that it’s important to “live” while you are young but not at all costs. Too many of the X & Y have the “live for today” attitude. It might be fun to enjoy that attitude when you’re in your 20’s, 30’s 40’s or even 50’s but quite another when you are in your 60’s, 70’s, 80’s or even 90’s with limited means and no savings.
