Sunday, April 15, 2007

Drugs and drug stocks

Invest in drug stocks but avoid their products -- you'll be wealthier and healthier.

I can understand how people get into social investing, though I haven't since my days as a radical. As someone who's long been interested in natural health, vitamins and so on, I feel a conflict when it comes to investing in drug stocks.

Oh, it's not like I believe companies such as Merck are frauds such as the infamous prime bank scam -- I just think that in a perfect world, we'd all be in better health if we first of all took good nutrition, herbs and other supplements. Plus exercised and did other things that enhance good health.

It's not just a matter of avoiding the need for drugs by staying healthy (although that's important), it's that I believe that most prescription drugs are downright unhealthy -- or, at the very least, an unpleasant trade off between benefit and risk, which is probably unnecessary if the patient would take the right nutrition or get the right exercise.

Yet there's no doubt that drug companies are good investments. As baby boomers grow olders, they're going to take a lot more prescription drugs (I'll stay away from jokes about non-prescription drugs).