A new book (2007) on Baby Boomers titled Generation Ageless is full of interesting information about our generation, including the fact that we’re the subject of more research than any other generation in history.  The book was written by J. Walter Smith, president of Yankelovich, and Yankelovich senior partner Ann Clurman, and we’re reminded that Daniel Yankelovich actually coined the term “baby boomers” to describe the post-war generation.

The authors attest that the boomer generation was influenced not as much by “sex, drugs and rock and roll” as they were by “The Psychology of  Affluence.”  In other words, only a very few dropped out, protested, and became hippies (about 1/4 of the college students of the late 60s).

Did we all sell out to the Affluent Society?  What do you think?

(I will have more on this book in upcoming posts.)

Tags: affluent society, baby boomers, Marketing

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Filed under: Estates

Usually I don’t write up pieces of land without homes on them but this one is pretty impressive, a big 1,507-acre spread (1,374 deeded along with 133-acre BLM lease) in Montana on the Yellowstone River. This area was named Black Bluffs by Capt. William Clark of Thomas Jefferson’s Corps of Discovery and has been basically untouched for over 200 years. The property is bordered on the north by 2.5 miles of private Yellowstone River frontage and has dramatic upriver views framed by the Beartooth Mountains, Montana’s tallest peaks. The river is full of wild brown and rainbow trout and the area is rich with wildlife including sage grouse, wild turkey, elk, moose, black bear, antelope, eagle and osprey. The property is located about 30 minutes away from Billings, Montana. Hopefully whoever purchases this land will preserve this beautiful open space. It is listed at $5,750,000.

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Continue reading Black Bluffs, Estate of the Day

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What do you do if your 401(k) options are subpar?
USA Today - Some companies offer the option of venturing outside the 401(k) plan’s offerings and investing retirement money in any individual stocks, bonds and funds they select, through a self-directed brokerage account.

Why are the markets down?
Economic Times - The mid-cap and small-cap stocks are the worst hit in this market correction and this is reflected in the performance of mid-cap and small-cap indices.

Planning to invest in equity?
Economic Times - As the Sensex was touching the 21k levels just a few months ago, there were calls to purchase stocks trading at brow raising P/E of 100 or even 200 in some cases.

Australian shares higher on Wall Street lead
Forbes - Resources stocks were higher on record oil and gold prices overnight. Index leader BHP Billiton advanced 74 cents or 2.0 percent to 37.12 dollars, while rival Rio Tinto gained 2.82 dollars or 2.3 percent to 127.32 dollars.

Hong Kong shares outlook - Higher as S&P predicts end of subprime
Forbes - Investors might also be encouraged to buy stocks after US Treasury Secretary Henry Paulson announced plans to strengthen credit rules to avoid the occurrence of another subprime mortgage crisis that wreaked havoc on global financial markets and

More misery here after US bank bail-out
News.com.au - No 1 spot Margin lending: Eddy Groves sued over loans Borrowing costs: Brace for rate rise in May Mortgage meltdown: Wall Street bank on life support US President: Bush on ‘different economic plant’ Volatile trading: Sinking Bear knocks European stocks

Stocks down; bonds, dollar up
Stockhouse Canada - ‘Its 24 years since the old AT&T was broken up,’ notes Roger Conrad in The Utility Forecaster. But you can still invest in the ‘old’ AT&T via the AT&T Equity Income Fund (ASE: ATF). ‘AT&T Equity Income Fund has remained a convenient

Long-term thinking
Economic Times - As you would have noticed in the last couple of months, stocks which have been beaten down heavily are unlikely to regain their old levels in quick time.

Sinosteel in $1.2bn Midwest takeover
News.com.au - CHINESE firm Sinosteel Corporation has launched a $1.2 billion takeover bid for Western Australian iron ore miner Midwest 1. Wall St pulls out of tailspin 2. Mortgage stress hits rich 3. Bears clench jaws on stocks 4. Dollar up on greenback weakness 5.

S&P’s Optimistic Outlook on Financial Crises Sparks Turnaround on Wall
FOX News - On Tuesday, the stock market launched its largest rally in more than five years after the Federal Reserve said it would auction $200 billion in Treasurys to help alleviate investment banks’ financial bind. But since then, stocks have been extremely

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Filed under: Estates

A new building in the West End/Foggy Bottom neighborhood of Washington D.C. is one of the priciest complexes in the area. The $100 million building called 22 West, is located at 22nd and M streets and will be home to 92 condominiums ranging in price from $838,500 one bedrooms to penthouses going for as much as $3,868,500. All two bedroom and larger units get two parking spaces and the smaller units get one space each. Also each unit gets a storage locker. Each unit has floor-to-ceiling windows, natural oak wood flooring and plenty of wiring for all audio-visual devices and building wireless and high-speed internet access. The building will have a rooftop pool, a garden terrace, a restaurant and retail stores on the ground floor. The GW Hatchet reports that the building is currently around 30% sold. it is scheduled to be completed this summer.

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