While artificial intelligence and the tech sector are still squarely in the market’s spotlight, some investors (including yours truly) are starting to think the sector is growing overcrowded. Many are looking around for new sectors to invest in. One of the industries that caught my eye is the healthcare sector due to its permanent relevance. This may be a big claim, but we cannot deny that people need healthcare - daily.
To put it into perspective, improvements in medicine help improve the human condition and have the potential even to prolong humanity’s lifespan. This makes healthcare companies even more important. Additionally, healthcare costs associated with illness are a big market, with Americans spending nearly $13,000 annually. This makes it an indispensable part of any budget. Hence, I think any investor should at least have one healthcare stock in their portfolio, and if I were to pick from the long list, these three are my top choices.
