Investment Advisor and keen current affairs watcher at BB Healthcare Trust (LON:BBH) Paul Major talks Proactive through the do's and don't's for investors as the coronavirus impacts the markets.
Traditionally, Major says, investors run to healthcare stocks as a safe haven at a time of crisis because whatever is happening in the outside world, inside hospitals people still need routine operations which make money for the healthcare industry; operations like hip replacements and heart surgery.
But think again, says Major, in a coronavirus-focussed hospital, those routine ops get postponed while beds are freed up for patients with respiratory symptoms and possible virus infection.
Therefore, Major says, navigating your way through which healthcare stocks to choose is the knack.
'The disruption is real,' Major says, 'even if the world is over-reacting to this outbreak...' - as always, the advice is to plan for the worst and hope for the best.