If you’re looking to double your money, the biotech sector is one of the best hunting grounds that you’ll find.
So far this year, for instance, the iShares NASDAQ Biotechnology Index (NASDAQ: IBB) – an ETF that’s a great proxy for the sector – has zoomed 28.2%, more than double the 13.59% SPDR S&P 500 Index ETF (NYSEArca: SPY). The IBB gained 31% last year.
And a lot of individual biotech stocks have actually doubled, tripled or more – the Holy-Grail type of gains that high-tech investors crave.
But there’s a problem.
You see, not all biotech stocks are created equal.