There’s a lot of worry in the market right now.
People are worried about Europe going into recession. They’re worried about a Chinese slowdown.
But one area of the market is a sure bet to keep growing. It’s a sector that has made my readers a lot of money… and will continue to make them money for decades to come.
That sector is health care…
For years now, I’ve urged readers to buy health care stocks. The reasons are simple…
[ad#Google Adsense 336×280-IA]Aging Baby Boomers will keep health care demand high.
Plus, Obamacare will create huge demand for all kinds of medical services.
As I’ve said before, I’m not a fan of Obamacare… but I know the resulting health care boom means we have to be invested in health care for the long term.
Put simply, the market expected business to pick up as Obamacare added newly insured customers to the system.
And that’s exactly what happened. About 7 million people have registered for insurance under the new health care regime, and another 2 million are expected to join next year.
That has driven health care stocks ahead of the market. Take a look:
For instance, one of my favorite medical stocks, which I’ve mentioned here before, is Medtronic (MDT). I first recommended Medtronic in Retirement Millionaire in February 2011. Since then, it’s up more than 80%. And I expect that number to continue to grow…
Medtronic is the world’s largest medical-device company. It makes cutting-edge medical devices like pacemakers, heart valves, and surgical technologies. Medtronic has raised its dividend for 37 years in a row. Rising health care demand means rising profits and more share-price gains for Medtronic.
Medtronic and other blue-chip health care companies all stand to grow from the expansion of Obamacare and the aging of Baby Boomers. They’ve outperformed the broad market for several years now… and I expect the outperformance to continue.
If you don’t have a healthy exposure to the sector in your portfolio, you should buy health care stocks today.
Here’s to our health, wealth, and a great retirement,
Dr. David Eifrig
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Source: Daily Wealth