There are few things that are a certainty in life. But unfortunately, eventually getting old and eventually getting sick are two trends you can be pretty sure of.
My friend and colleague Richard Band, editor of Profitable Investing, is a big believer in what he calls the “Silver Tsunami” of aging Baby Boomers reshaping the American healthcare sector and the U.S. economy broadly in the years to come.
I couldn’t agree more.
Aging Baby Boomers will create both a big need for care — in the form of senior housing and medical treatments — and a big need for research right now, in the hopes of providing a higher level of care in the years ahead.
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That double-barreled reality creates a massive long-term opportunity for profits. But most important, it also creates a strong baseline of spending and investment in the healthcare sector that nearly guarantees stability.
After all, folks will cut back on just about anything before they stop taking a pill that prolongs their lives or forgo treatment that keeps them pain-free and productive into their golden years.
Healthcare is the perfect combination of growth and stability … but how do you play this trend?
Here are five simple but powerful ways to do just that.
