RE:RE:Good Debate: Millennials can trump Old Boomers easilyNo offense, you make yourself sound like defending your position. This is not the intention of my message. Pls read with an open mind what is my message clearly about.
"It's unwise to take overall figures and conclude that there's little money to be made in HealthCare" is your argument which is of similar logic to put it as unwise to say buying the lottery ticket is overall a money losing game. There is always someone to win the lottery like you said you make money in your stock picks. I am afraid there are lots more people losing money in HC, oil and resources sector. Btw, you seem to exclude HLTH, CXR, VRX, MSL, GLD, SU,etc., in the equations which is a part of the debate. You missed that entirely. I don't believe yours is an applicable statement to make because one's own roi is not representative to the general performance of those mentioned sectors in these few years in the Canadian and American stock market.
Sorry your post has not been relevant to the debate, I am afraid.
theinvestor22 wrote: I think it's unwise to take overall figures and conclude that there's little money to be made in healthcare.
If one is careful, healthcare can be quite rewarding. I hold shares in CRH (As you mentioned. Blistering returns. Have held it since before its transformation.) plus GUD (Have held it for quite a while. Nice return. Great long term prospects.) plus MPH (Have held it for several years. Excellent return and prospects.) plus RX (Have held it almost all of the time for years. Very good return and good prospects.) Some notable companies have taken on too much debt and were worthy of avoiding, of course, but healthcare has been very good to me.
Aei773ou wrote: This has been a very hot topic discussed in a number of BB and especially the Pot Stock forum. The failure of investment in The HealthCare Sector, HLTH included and the success in the new Pot Sector. Notwithstanding CRH, the little smart darling company of Canada, one has to admit it has been a bad decision to put money in the HC.
Old Boomers, feeling the essence of HC in the approaching of their retirement years, naturally think investing in the HC sector is a no brainer. They learn in their time buy and hold is the correct strategy and patience is a virtue. I use HC as an example and one could replace it with Oil and Gold. Ever since the beginning of this millennium we see Tech, Social Media, On-line shopping etc., and now the newly popped up Pot industry, all attracting a whole new group of investors born during this time.
The hot debate is whether Millennials has the edge over the Old Boomers in terms of investment concept, how close one is to the ever changing face of the society and politics.
Personally I think it is a topic that is stimulating enough to push me to think outside the box. Once I was long on HLTH and the Canadian Oil Sands industry. It is time I would like to think if I am late to recognize the new reality and do the adjustment to get ahead of the curve.
Good luck all.