Got $200? 2 Healthcare Stocks to Buy and Hold Forever
Investing in stocks is one of the most accessible and reliable ways to generate wealth over long periods for at least two reasons. First, equities are pretty much guaranteed to be in a general northbound direction over several decades. Second, it is possible to start getting in on the act, even with a relatively modest sum of money.
For those with $200 to spare that isn't being saved for emergencies, let's consider two healthcare stocks within that budget that are worth holding onto forever: Bristol Myers Squibb (NYSE: BMY) and Gilead Sciences (NASDAQ: GILD).
Pharmaceutical drugs will always be in demand until we eradicate diseases, which likely won't happen soon. However, a company looking to remain a leader in the industry for a long time must be good at innovating and developing newer and better therapies. That's what Bristol Myers has done for a while. Last year, the drugmaker's portfolio featured 10 medicines that generated over $1 billion in sales.
Source Fool.com
