I grew up during the dot com boom & bust. I watched family & friends lose their jobs and investments to it.
The best advice my mother ever gave me was that people always get sick…and if I wanted to study engineering, then study medicine too.
That advice holds true for investing as well. In a recession, staples like healthcare, commodities & foodstuffs continue to do well while tech tanks.
That’s why I continue to take profits along the way and add these boring type trades to my portfolio…right beside the sexy stuff like robotics and drones.
Tldr: biotech and healthcare are going to continue to see a massive upward capital rotation as aging populations seek to cheat death via cellular immunotherapy, nootropics and personalized medicine.
⛸️Skate to where the puck is going to be, not where it has been.