BoomerVille: Nest Eggs Did Fine, w/o Glam, Usual Suspects

 Many of us ordinary Boomer stock market investors are stunned: Our nest eggs are ballooning in value, despite all the despites. And, those highs are being reached without tech, such as chip stocks, and the usuals such as financial firms.

CNBC reports:

"The flashiest group in the market took a step back Thursday as chip stocks dropped 1.5%, but U.S. stock market bulls didn’t miss a beat."

The positive action essentially was in healthcare, ranging from healthcare insurers to drugmakers.

Some, such on the comment sections of articles, are putting the knock on us Boomers for our preoccupation with the investment quality of the businesses - much more so than their core values. But, the reality is brutal. Many of us can't make it on Social Security. Being able to pull prudently from our nest eggs can prevent homelessness. The Social Security income picture could darken in several years if the monthly payment is cut by 25%.

Those Boomers who didn't invest? The sense of dread escalates. Inflation is relentless.

Meanwhile, an emerging problem is that some Boomers continue to be fixated on earning income from work/saving instead of spending. To me it's a bad month if I haven't socked away some. My financial planner is a bit surprised that I am contributing to the account monthly, not yet drawing out. And I'm the oldest of the Boomers. I bear witness to the homeless on the streets. They look older than they are. I assume I couldn't cut it out there. 

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