Hidden Assets

When I was in school, it was a commonly assumed that overpopulation was humanity’s greatest risk. Now, it seems, that assumption has been turned on its head.

Over the next 40 years, demographers estimate that the US population will grow by another 100 million. This population will be young and energetic, with only a quarter over 60. Our 2.6% annual growth will be partly driven by a higher birth rate, but also by immigration. America remains a melting-pot, attracting the best and the brightest from around the world.

Another country that can benefit from this demographic boom is India. In a region where the population is rapidly aging, India is bucking the trend. Only 5% of their citizens are over 65, in contrast with Japan, where over 20% are older. While the US may excel in conceiving and designing elegant products, someone has to assemble them. Increasingly, India’s youth will be seen as a strength.

30 years ago Julian Simon dubbed the human spirit “The Ultimate Resource.” In the coming decades, the countries that nurture and develop this spirit will continue to grow.

Douglas R. Tengdin, CFA
Chief Investment Officer
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By | 2014-09-05T18:34:57+00:00 April 6th, 2010|Global Market Update|0 Comments

About the Author:

Mr. Tengdin is the Chief Investment Officer at Charter Trust Company and author of “The Global Market Update”. The audio version of each post can be heard on radio stations throughout New England every weekday. Mr. Tengdin graduated from Dartmouth College, Magna Cum Laude. He received his Master of Arts from Trinity Divinity School, Magna Cum Laude and received his Chartered Financial Analyst (CFA) designation in 1992. Mr. Tengdin has been managing investment portfolios for over 30 years, working for Bank of Boston, State Street Global Advisors, Citibank – Tunisia, and Banknorth Group. Throughout his career, Mr. Tengdin has emphasized helping clients manage their financial risks in difficult environments where they can profit from investing in diverse assets in diverse settings. - Leave a comment if you have any questions—I read them all! - And Follow me on Twitter @GlobalMarketUpd

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