RE:RE:RE:Ontario opening up...BlueJay2020 wrote: And what would be the alternative if I needed long-term care? It's wishful thinking to think there is one for a lot of people.
i assume you won't be investing in cruise lines, airlines, restaurants, cinemas, office reits or retail either then?
Dibah420 wrote: Catalysts and wishful s/p and dividend increases aside, just ask yourself one question. Would you like to be an inmate in one of these during the next pandemic?
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You are absolutely right. I will NOT invest in any of the six categories you cited. And each one has its own underlying reason(s), quite apart from the pandemic. But that's my personal financial reasoning which I'd be happy to share if you wish.
As for an alternative, well it's time to put pressure on all three levels of govt. to start re-thinking their strategies on LTC if only because the status quo simply cannot prevail.
How many of the current inmates if given the choice and the financial support would prefer to stay in their own homes? And what to do with the remainder?
A pandemic quickly lays bare the truth that there is no such thing as economy of scale in LTC. In fact the scale itself is the cause of the debacle. Viruses in chicken coops run rampant like lightning fires in dried timber forests.
It all ends up in how serious we are about taking care of our seniors and how much we are prepared to spend.
There has to be something beyond merely collecting a quarterly dividend.
Cheers