Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Although most people may shudder at the prospect of turning 50, for me the prospect of being able to use the services of Saga (SAGA), from September next year makes my predicament not quite so daunting.
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Comments
DUCK AND DIVE
Thank you. I put a chunk of SAGA in my Sipp at 165p because it looks tailor-made for it — even though the major shareholder is cashing out.
Striebs
Saga’s current customers benefited from inflation buying their houses for them and defined benefits pensions .
This is surely a historical anomaly which potential investors need to recognise .
Other than public sector workers , what proportion of people retiring over the next 20 years will be looking forward to anything other than poverty in old age/Liverpool “Care” Pathway ?
The demographic age distribution suggests that Saga’s business model should thrive but the reality of lack of provision for old age shows that Saga’s business model is bust .