With the shape the American economy is in seniors are now choosing to die at home. No senior care living homes, no nursing homes. As a seniior I am making the same choice. Getting ready to sell. Your comments would be wellcome telling me not.
Good for you. While I am long this stock because of the shear number of aging baby boomers. Some people like my father chose to die in his own bed. I carried him out with my brothers, something old school about that. But at 305 average price per day in NJ for assisted living , that will eat up 550,000 dollars over 5 years, that will eat most peoples nest egg. I also own GNW which sells long term care insurance, which I feel will be great for the next 5 years collecting all the premiums, right up until the boomers start dying. Then I'm out. Lots of kids, 40 and older are counting on inheritance for retirement, not me. But they also don't want to care for a dying parent, very inconvenient. Can't have it both ways.
It's your money and not my place to tell you what to do with it. But, instead of relying on your personal experience, I would do some research and see what the general trend is. I also wouldn't rely on the opinions of people on message boards to make my investment decisions.