Health, Medical, Biotech?

Question

I need to diversify my portfolio, and one thing I lack is any exposure to health/medical/biotech.

I need a stable company with a decent dividend. I was thinking PFE because it's at a pretty low price with a 7% yield. I like CELG and DNA, but I really want stocks with dividends.

*Note: my IRA is in diversified index funds. This portfolio I am addressing is a different discretionary account I use for "fun", where I seek stable values and decent yields to compete with savings accounts.

Answer 1

If you need stable company with decent divident, forget about biotech.

PFE is a good choice but I think they short of product pipeline. That's why the price is low.

I like JNJ and NVS. They both very stable and they have diverse businesses. Yield is lower (about 2.5%).

Other choice is healthcare ETF like VGHCX.