Great show today! Hysterical.
I consider healthcare a tax at this point in my life and feel fortunate, knock on wood, that I have not really needed it in a big way. I know I will.
I buy catastrophe health insurance for the family and I pay everything up to $10,000/year and my quarterly premiums. I am tired of shopping and worrying.
That’s not the case for most of America. The healthcare companies print money. Always have.
Back in January , I bought the extremely boring healthcare ETF proxy – XLV . I still own it. It was up nicely, but has fallen back to my buy point.
I want exposure to healthcare and biotech, but I have never really understood the businesses and although I own QDEL and AUXL (both Wallstriped), XLV is my biggest position for the sector.
Stickpickr has a good roundup of Long_term healthcare stocks for your portfolio . There are 70 million baby boomers retiring quite soon. I imagine the next boom we have will come from and may just continue to be healthcare as we cover it today on Wallstrip.
Brian does a great job today doing technical analysis on the ETF’s in the healthcare industry:
Disclosure – Long XLV, QDEL, AUXL
I know a lot about health care and will tutor you when I get back to Phoenix, which will be on 9/2. In the meantime, the reason it’s so hard to invest in health care stocks is because the government drifts in and out of health care and throws off the incentives. The system is sick, and will have to be fixed before it bankrupts us. To invest wisely, you have to start reading health policy blogs.