Welcome to the Dividing Cafe, weekly market commentary focused on dividends in your portfolio

and dividends in your understanding of economic life.

Hello and welcome to the Friday Dividendon Cafe.

I'm your host, David Bonson, and we are going to talk about a very important topic,

and it may not seem like it's a very

important topic this week because it is about 19-year-olds.

And you say, how important could a serious macroeconomic investment commentary be if you're

getting into some sort of sociology or demographic analysis around 19-year-olds.

And in fact, that's not what I'm doing.

And what I am doing is very serious.

And it's symptomatic of a much more serious thing when it comes to the investing world.

And I think it's become somewhat systemic.

I'm hearing it more and more from 50-year-olds and 60-year-olds and 70-year-olds when it comes to how they think about

allocating client capital. And I want to use this subject to make a broader investment point.

I do not know. I have a 19-year-old daughter. Some of you may have seen in the Divida Cafe from about a

month ago now where on the video we showed her introducing me at her own high school graduation as

I gave the commencement speech. And I've talked about her plenty over the years. She's the joy,

one of the significant joys of my life. As anyone should any dad would say about their

daughter, she's my middle child, my only daughter. She is 19. And candidly, I do not know that

her mother would agree with this, but I have enjoyed her teen years significantly. And I have

an older son who is over 21 and a younger son who is 16.

And so we have plenty in our household of exposure to this demographic of teens, late teens, young adults and this kind of thing.

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