Dividends and Zimbabwe

One of the reasons everyone should buy dividend paying stocks is we are all living longer. An example in Zimbabwe outlines it wonderfully.

Zimbabwe is an African country north of South Africa, at one time it exported wheat for the world and was one of the wealthiest countries in Africa. The people in the government changed skin colour however the very last thing the new government focused on was the economy. Not surprisingly the economy of the country went from one of the wealthiest to the poorest. In is noted those in the inner circle benefited from government revenues and diamonds. During the last election, the vote was close, election officials took a week before announcing the first ballot results. Election officials improved their efficiencies by 1,000% as the second ballot only took hours to announce the people ruling the land had not changed too much.

There is an election coming for this country where everyone is a millionaire, (it buys some groceries but not much else) and although there is hardly any food on the shelves of the stores, people by government figures are living longer. In the coming elections, although the United Nations believes the average life expectancy is 45 years of age, there are over 40,000 people over 100 years of age eligible to vote and more than 132,000 people over 90 years of age.

Even if you do not question those numbers, the point today is to buy dividend paying shares because people are living longer and you will need the income.

There are always more questions than answers, till the next time, to raising questions.

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