Selling everything when the market reaches a new all time high

EdGasket

^^^ - well you can tell those aren't my words.

BrockStoker

bowlhead99 wrote: »

FWIW I like healthcare for the longer term and bought the new BB healthcare investment trust on launch in my pension a couple of months back (up 5% straight away and over 7% by now so I have already taken a bit out of it this week as I bought more than I really need).

It's broader health rather than Bio but is a change from the largely "big pharma" stuff you get in the index trackers.

Within my property stuff in the pension I also have Primary Healthcare Properties and Target Healthcare Reit ; both sector specific and hopefully less tied to "wider economy" stuff like warehouses and shopping centres and big office blocks, as we navigate Brexit. We shall see!

Always interesting to hear what others are doing. I must admit, BB healthcare investment trust has gone under my radar. That's not a bad short term return for a more defensive asset/fund, but I'd still take the Polar Capital biotech fund over it: Bought Nov 4, up nearly 12.5% by Nov 9, and up ~22% as of yesterday.

I also have been informally looking at/considering a healthcare property fund, but am already slightly over-stretching my money out between too many funds. However, I think it might make sense further down the line to trim down my large overweight in biotech and move in to more defensive sectors like healthcare property funds. I'm betting that the biotech will grow quicker than the healthcare property, otherwise it would make more sense to do things the other way around. I do think you are right that healthcare property will out perform other property classes over the long term though.

One thing to think about though: If there are big breakthroughs in treatments/drugs, we might see LESS demand for healthcare property despite the aging demographic. I admit I'm an optimist at heart, but I think it's a distinct possibility looking at the various treatments/technologies that are in the pipelines right now.

2017 looks set to be a great year for some large caps like Celgene and Ilumina (probably the best/only reason to hold the Axa Framlington biotech fund IMO), especially IF worries over drug pricing dissipate.

Ilumina for example is launching a gene sequencing device that they say will sequence an individual's genome for just $100. But there is so much more going on in the sector, that will feed through over the next few years to be excited about that I'm finding it hard not to be bullish despite the potential headwinds from drug pricing scrutiny.

Glen_Clark

chucknorris wrote: »

How bravely typed, now why don't you PM me, so that we can arrange to meet up, so you can say that to my face.

EDIT: I'm PMing you now just in case you somehow overlook this post.

Update: can you believe it? After an exchange of PM's he is now taking a step back after calling me a c*nt, and saying it was only a joke, what a pathetic wimp this guy is.

Lighten up. I thought it was a joke too. A joke I have heard it many times before but you are the ony one who has taken offence to it. Its no worse than your joke about laughter in Manslaughter.
If you can't take a joke you shouldn't make any

chucknorris

Glen_Clark wrote: »

Lighten up. I thought it was a joke too. A joke I have heard it many times before but you are the ony one who has taken offence to it. Its no worse than your joke about laughter in Manslaughter.
If you can't take a joke you shouldn't make any

Hang on a minute, it is completely different to put a joke on my signature which is not aimed at anyone in paricular, you can't compare that to someone saying to me that I am a c*nt!

EdGasket

Lighten up; exactly what I said in my first PM reply to you. The joke is that a rude word is contained in the name of a large British Town that's all. Secondly MoneySavingsExpert censors the name of the town so I can't even type it; that was the biggest joke of all.

chucknorris

EdGasket wrote: »

Lighten up; exactly what I said in my first PM reply to you. The joke is that a rude word is contained in the name of a large British Town that's all. Secondly MoneySavingsExpert censors the name of the town so I can't even type it; that was the biggest joke of all.

Stop trying to wriggle out of it, you specifically aimed it at me by saying:

Are You responsbile for the c*nt in Scun*horpe, you were very specific about who you were calling a c*nt, whereas the joke pasted on my signature is not aimed at anyone in particular.

economic

hahahahahaha i am actually findng this really funny

Ray_Singh-Blue

BrockStoker wrote: »

One thing to think about though: If there are big breakthroughs in treatments/drugs, we might see LESS demand for healthcare property despite the aging demographic. I admit I'm an optimist at heart, but I think it's a distinct possibility looking at the various treatments/technologies that are in the pipelines right now.

I predict that despite pharmacological breakthroughs, human mortality will remain stubbornly at precisely 100%. Advances will result in more treatment years, not less, as patients live longer with more concurrent diseases which previously would have hastened their demise. That care will have to be delivered somewhere. And technically complex care requires a specialised environment for delivery. If anything, I think as healthcare becomes more complex and technical, the demand for premises to deliver it will increase.

It's gonna cost someone too. The taxpayer, yes, but also in the UK I predict an exponential rise in demand for self-funded and insurance-funded healthcare, as this feeds through.

Working out which companies will successfully monetise this, is hard. And even that is no guarantee of investment success, because share price already reflects investor expectations.

On the subject, I think this may be a good reason for individuals to build a war chest . So in future we can access types of care which may not be available without some co-payment.

(All of which does not answer the most important question - if it wasn't Chuck Norris then WHO did that to S!!!!horpe?:money: )

chucknorris

Ray_Singh-Blue wrote: »

(All of which does not answer the most important question - if it wasn't Chuck Norris then WHO did that to S!!!!horpe?:money: )

It was EdGasket, he abused Scun*horpe

eskbanker

Glen_Clark wrote: »

Lighten up

EdGasket wrote: »

Lighten up

This - perhaps consider a move to Lightwater....