Thursday, June 09, 2005

More on biotech

I wrote a few days ago that biotech was the best sector to invest in now. Just a few days later, Business Week had a cover story saying much the same thing.

Investor interest is still low, and that is good for anyone with the patience and determination to steadily collect a few interesting biotech stocks. The biotech stock bubble, that coincided with the tech/dot-com bubble, went bust a few months after the tech bust. But unlike tech, where a lot of snake-oil was being peddled, a number of biotechs had one thing going for them - basic research that is beginning to payoff in real cures.

If you are willing to build a portfolio with a 7-15 year horizon, biotechs should form a good part of it.


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