As the days start to get shorter, and the end of the year approaches, I want to say thank you. Thank you for the privilege of being able to help and serve you.
I always find this time of year to be a great time for reflection and thought. With the change of seasons- especially here in New England, I think about the ending of one year and the beginning of another.
So much has changed in our worlds, but yet so much has stayed the same.
In spite of the recent Pandemic, and geopolitical issues going on at the moment, there are some interesting facts I would like to share with you.
We living here in the US have much to be thankful for, in spite of recent on- going political /economic turbulence.
Some things to consider in the big picture:
- The megatrend of the last half century has been the near- eradication of extreme poverty. The growth of a genuinely global middle class seems likely to be the hallmark of the next major block of time.
- Global extreme poverty, in which 50 years ago half the world’s population was trapped, is now around 9%.
- This may all be disappearing in 20 years, as may illiteracy as well.
- Electricity may come fully to the three billion people on the earth who don’t get enough of it- including a billion who have no access to electricity at all within the next two decades.
- The nearly half of the world’s population that still has no internet connection will probably get it.
As these trends continue, literally billions of people will be drawn up into the middle class. In terms of the companies that will serve this trend, the unimaginable heights of earnings and dividends will be phenomenal at best.
As always, the holistic planning approach that I use for your portfolios as well as your overall financial planning has been taking all of this into consideration now and going forward.
I hope that you are doing well and able to enjoy the beautiful autumn spirit that surrounds us.