If you’re looking for a solid long-term investment, healthcare stocks are a perfect place to start.
The reasoning is obvious: Not only are healthcare plays more or less recession-proof since medical care, devices and prescriptions are necessities no matter how the economy fares, but their products also are playing an increasingly larger role in our lives. More folks across the board take prescription meds these days, all while our population is aging rapidly and living longer.
Of course, the sector isn’t a complete slam-dunk. Small biotech plays can be volatile, while some of the world’s biggest drugmakers are struggling in the face of generic competition.
One way to help protect yourself from these headwinds: Pick stocks from the sector that offer solid and sustainable dividends, so you can afford a little weakness here and there (as long as there’s long-term growth, anyway).
With that in mind, let’s take a look at three attractive healthcare stocks that could put a consistent buck in your pocket for some time.