2024-07-14 10:56:29 ET
Summary
- Demand for Health Care services is inelastic and expected to grow due to aging population and economic slowdown.
- XLV ETF provides cheap investment in healthcare companies across various sub-sectors like pharmaceuticals, healthcare equipment, and biotechnology.
- Healthcare sector offers potential for higher long-term returns, but faces risks like regulation, patent expirations, and pricing pressure.
People aren’t getting any younger, and unless they do serious fasting (like I’ve been very public about for myself), they aren’t getting any healthier either. That means no matter what, Health Care will only grow as a sector and part of our lives. Demand is inelastic here. It doesn’t matter what the economy is doing. Demand for Health Care services and products is extremely inelastic, and in reality underappreciated in a cycle that has only favored Tech. I think that’s about to change, especially as it becomes more and more clear that the economy is weakening at a fast clip. And if I’m right, you may want to consider the Health Care Select Sector SPDR ETF ( XLV )....
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For further details see:
XLV: A Strong Way To Benefit From An Aging And Unhealthy Population