Investment Advice – Bill DeWinter
Aug. 1, 2007 was a
prelude to the future of Industrialized World:
At 6:05 p.m., a school bus transporting 60 children from the Waite
House Neighborhood Center day camp clung precariously to a mangled
steel guardrail on the I-35W Mississippi River bridge. Thankfully, the
children and driver were spared. Many others, however, were not.
When the bridge collapsed, dozens of cars, tons of concrete and
twisted steel beams plummeted 60 feet to the riverbed below. Thirteen
died. Approximately 100 more were injured.
Prior to the collapse, every year as far back as 1990, federal
inspectors had assigned a "structurally deficient" rating to
the I-35W bridge. Yet for 17 years, the structure stayed open. |
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Bill
DeWinter BA (Econ)
Certified Financial Planner
KW Area:
1.519.880.8171
Toll Free:
1.888.665.7534
London: 1.519.264.9988
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DeWinter Financial
Founded in 1995
CFP
Since 2000
P.O. Box 781
Mt. Brydges
ON Canada
N0L 1W0
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Currently, 73,518 of
America's 594,709
bridges - roughly 12% - share this "structurally deficient"
classification. But like the I-35W bridge, they too stay open.
This tragic disaster represents an economic and social epidemic
quickly spreading throughout the Western World today. Infrastructure
keeps crumbling. Collapsing bridges, sinkholes, exploding steam pipes
and Louisiana levees… fears are that these failures simply epitomize
the tip of the proverbial iceberg.
As an example poorly degraded U.S. roads, highways and interstates
cost American taxpayers $67 billion per year, $5.6 billion per month,
$186 million per day, $7.8 million per hour or $130,000 every minute -
not for reconstruction, mind you - but for patchwork and cosmetic
touch-ups.
Even worse, the American Society of Civil Engineers issued a grave
warning. The United States has fallen so far behind in maintaining
public infrastructure - roads, bridges, schools, dams - that it would
take more than $1.5 trillion over five years just to bring it back up
to standards.
The Iraq and Afghanistan wars have cost the United States $474 billion
to date. In other words, public infrastructure maintenance alone will
cost roughly three times as much as six years of war.
For investors, infrastructure investing seems promising. Not only is
infrastructure an area of long overdue spending it is also relatively
recession proof. Voters will demand politicians reallocate tax
dollars from even such areas as healthcare and education if their tap
water is brown or they don’t feel safe crossing a bridge.
Want to add the benefits of infrastructure to your portfolio? Call
DeWinter Financial and find out how.
More
Investment Products ...
Call Bill DeWinter
- Toll Free:
1.888.665.7534
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