yoo wait what happened w/ his family? :0 I'm kinda curious
Dad liked to talk or shut him down and basically decide what he feels and says “ Nah you’re not ______ you’re just _____ “
Mom wanted him to be a doctor or a lawyer cause she’s one of those parents who don’t see music or stuff related to that as a real job
Sisters basically didn’t like his stuff and liked to crush his confidence and gas light him all the time as well as hit him a lot, not to mention they pull off the whole “ You’re a boy stop crying “ thing on him
I find it interesting that when I try and talk to my parents about being stressed all I get back is “aw poor baby” “wait until you have a real job” like please no being stressed over uni (and dealing with so much shit they are unaware of) is a reasonable thing what I am dealing with right now is not unwarranted just because I am only 19
I have been Heart sick today, I was sure that we would no longer be able to afford my daughters dance classes, and after all their hard work we would have to quit. My oldest and I were discussing the possibility of leaving the company, and she even offered to pay part of her summer tuition herself, she’s 12. I told her we would talk about it more after dinner.
Within 5 minutes I got a call from the director of the company saying someone saw her in the dance recital and wanted to anonymously pay for her summer tuition. I am so thankful that God answered this prayer.
And she immediately offered to help pay for one of her sisters.
Shoutout to myself for taking selfies at a funeral when I looked cute as fuck.
PS. I LOVE myself. I love what I look like. I love my life my girlfriend my pets my siblings I love my job and real friends. I love how much I’ve learned and gotten better. I’ve always loved myself I just had to learn it was okay to.
Yesterday was long and weird and shit and successful (pictured: fancy bathroom with dirty mirrors, snap chat from my mum and some poignant graffiti)
I had three more interviews yesterday all spread out across London. I got through to second stage with one (which is today, along with a different second stage aaaa), didn’t feel like a good fit with another, and had a philosophical debate about cyber security and protection of information and leaked nudes with the third (who I haven’t yet heard back from)
I haven’t slept more than five hours in soooooo long. But if I ace today, then I may have a ~real world adult job~ by the end of the week. And starting tonight, I’ve got six days of end of uni celebrations planned 🎈
imagine how successful I would be if I put even a tenth of the effort into my real life job that I do into researching and reading and writing and talking about fictional characters. god, I’d probably be well on my way up the corporate ladder or whatever it is I’m supposed to actually care about.
oh my gosh, hey, my parents do the exact same thing and it's always "wait until you get to uni" and now i'm at uni "wait until you get a real job" and it'll never end and i hate it and thank you for making me feel like i'm not the only one xx
Of course you aren’t! I think everyone’s parents have a tendency to just overlook the stress and try to make you stop stressing by putting it into perspective, unfortunately it normally just makes you feel worse instead of better!
Not really. This always happens when I have something big going on in my life. I start my new internship tomorrow and im stressing about getting a real job and my parents haven’t been helping much in that department. I’m thinking about everything that happened in the past year and how my life has changed and the things I have given up on or left behind to be where I am now. I’m just kind of scared to be honest. Scared that I won’t be able to live the life that I want. Scared that I’ll drop the ball again in my life. Scared to make another mistake. And I just can’t sleep tonight. My brain won’t shut down
The Baby Boomers are at an interesting juncture of their lives: Too old to rock ‘n’ roll, too young to die.
This is a colorful way to describe the years of late career and early retirement, but it is nothing to take lightly. The aging of the Baby Boomers is the single biggest mega trend facing America. At 80 million strong, the Baby Boomers’ impact on the economy at each stage of their lives has been accurately compared to a pig passing through a python. Their integration into the workforce was a driving factor in the low-productivity / high-inflation nightmare that was the 1970s. And their “getting haircuts and real jobs” was a major driver of the productivity boom of the 1980s and 1990s.
Today, Boomers are scrambling to buy income-producing assets to fund their retirement…which is a significant contributing factor to the persistent low yields we see across the stock and bond markets.
The retirement and aging of the Boomers will create fantastic opportunities, particularly in products and services that cater to seniors. Today, I’m going to cover three solid real estate investment trusts (REITs) that are uniquely positioned to profit. To start, they own the sorts of properties that are going to be most in demand from an aging population. But secondly, with their high and growing dividends, they also stand to benefit from the continued hunt for dividend yield.
LTC Properties Inc
We’ll start with LTC Properties Inc (LTC).
Its name and ticker symbol say it all. “LTC” is short for “long-term care,” and that is exactly what LTC provides. It invests primarily in the long-term care sector of the healthcare industry, including long-term care provider properties, skilled nursing properties, assisted living properties, independent living properties and memory care properties. LTC also invests in first-lien mortgages secured by long-term care properties.
Roughly four-fifths of LTC’s portfolio is invested in properties, and the remainder is in mortgages. Skilled nursing makes up 55% of its properties, with assisted living the next biggest portion at 37%.
LTC pays a monthly dividend with a current dividend yield of 4.8%, very competitive among medical REITs. And importantly, LTC also raises its dividend constantly — at a 8.6% annual clip over the past five years. In other words, had you bought into LTC five years ago, you’d be enjoying a yield on cost of 7.4%. Not bad!
Along the same lines we have one of the bluest of blue-chip REITs, Ventas, Inc. (VTR) — one of the few REITs included in the S&P 500.
With a market cap of $23 billion, Ventas is one of the largest holdings in most REIT index funds. Due to its sheer size, VTR probably cannot grow at the rate that some of its smaller rivals can. But with its size comes stability and financial strength. And Ventas is certainly no slouch when it comes to growth, I might add. Its stock has generated total returns of about 29% per year over the past 15 years.
A little more than half of Ventas’ portfolio (by contribution to net operating income) goes to senior housing, split between 24% in “triple net” properties, 25% in domestic operating properties and 4% in international operating properties. Another 17% of the portfolio is invested in skilled nursing/post-acute care facilities; 18% is invested in medical office buildings, with 7% in hospitals and the remainder spread among loans and other properties.
So, in Ventas, you get a nice, diversified sampling of the facilities that aging Baby Boomers will be using in the decades ahead.
Ventas sports a relatively lower current dividend yield of 3.5%. But like LTC, Ventas is also a serial dividend raiser. VTR has grown its dividend at a 7.9% annual clip over the past five years and a 8.0% clip over the past ten.
It might be hard to sustain that kind of growth over the next ten years, but if anyone can do it, it would be Ventas.
Health Care REIT
Another solid play on the aging of the Baby Boomers would be Health Care REIT (HCN). Like Ventas, HCN is big, with a market cap of $28 billion. It’s also one of the view REITs in the S&P 500.
From its name, you might assume that HCN was primarily a play on hospitals and doctor’s offices, but it’s not. Only about 36% of the property portfolio by value is invested in health-related properties.
About 64% of the portfolio is in senior housing, split between properties that HCN operates (38%) and those that are leased on a triple-net basis (26%). Looking at the health-related properties, medical office buildings and skilled nursing facilities make up another 16% and 14% of the portfolio, respectively, and the rest is split between hospitals and research facilities.
Here’s something I like to see: Apart from the skilled nursing facilities and hospitals, which depend heavily on Medicare and Medicaid, HCN’s tenants have very little dependence on the government. Across its portfolio, 87% of its revenues are from private pay clients. That’s a major positive in an era of slashed reimbursements and Obamacare restrictions.
HCN sports a dividend yield of 4.6% and has been a steady dividend grower for years. Over the past five years, HCN has grown its dividend at a 3.4% clip. Had you bought HCN five years ago, you’d be enjoying a yield on cost of 5.4% today.
Disclosures: Long LTC and VTR
Charles Lewis Sizemore, CFA, is chief investment officer of the investment firm Sizemore Capital Management and the author of the Sizemore Insights blog.