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ObamaCare bounce continues

Posted on 2/11/14 at 11:15 pm
Posted by matthew25
Member since Jun 2012
9425 posts
Posted on 2/11/14 at 11:15 pm
My Raymond James rep told me last year to bet the farm on health care mutual funds. I did so and it was my best year ever.

So far this year:
Fidelity Biotech: 17.56 (65% last year)
Fidelity Health: 9.28
T.Rowe Health: 8.32
Vanguard Health: 4.3

Hoping this trend will continue.
Posted by Jwodie
New Orleans
Member since Sep 2009
7223 posts
Posted on 2/11/14 at 11:21 pm to
Intredasting.
Posted by CamdenTiger
Member since Aug 2009
62732 posts
Posted on 2/11/14 at 11:27 pm to
I'm mixed on this one. Gov't forcing everyone to throw there money that direction has everything doing well, but I know the health of a few Hospital systems, and they are getting hit pretty hard. I don't know how that trickles down to stocks, but the ground level ain't pretty. ICD10 codes are going to take a huge hit to the Hospitals starting in October of this year, and the ground level looks to take another hit in 2015. Knowing what I know, I wouldn't touch Health stocks after this year, but with everything so Gov't backed, Heck, just don't know....it might still be a good investment...
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