JNJ
Johnson & Johnson
stock NYSE

>I prefer etfs and relatively well established companies.
ETFs with robotics in their name, from largest to smallest.
1. BOTZ
2. ROBO
3. ARKQ
4. ROBT
5. KOID
6. IBOT
7. HUMN
8. BOTT
9. RTOO
10. CBOT
11. CROB
12. ROBX
Charles Schwab offers a service called Schwab Investing Themes™. Schwab analysts put together a portfolio of recommended stocks based on certain investing themes. They have a theme called Robotic Revolution.
>The Robotic Revolution theme targets companies building robotic solutions, with a focus on the fields of manufacturing, logistics and medical services.
The recommended stocks are ROK SYM EMR AIT AME LECO HON RRX PDYN GXO ALNT RR JNJ ISRG MDT SYK GMED OMCL TER ZBRA NOVT CGNX OUST LEA SERV
Don't buy anything listed without doing your own research and due diligence first.

My portfolio is mostly healthcare, industrials, consumer defensive, and tech. JNJ and ABBV make up most of my healthcare exposure, while WM, PG, PEP and a few others cover the other sectors.

I’m wondering if there are any important areas I’m missing. Is there a sector you’d add more exposure to?

Worked for me when I bought JNJ in the 80's.

I’m 54 and currently have SCHD as my only ETF. The rest of my portfolio is mostly individual dividend stocks like JNJ, ABBV, PG, PEP and VZ.

What would you look at for someone in my shoes? Anything that stands out right now?

I read ben Graham and shortly afterwards bought $REGN and $JNJ $GOOGL $MSFT and its been doing pretty well.

Most people I talk to read the income statement, revenue, profit, growth and skip the balance sheet completely, because it looks like it needs a finance degree. It doesn't.
The balance sheet is just a snapshot of what a company owns and owes on a single day. Here's the whole thing:
*1. Can it survive a bad year? Cash versus total debt. More cash than debt means it can absorb a rough stretch. A wall of debt and little cash means it's one bad quarter from trouble.*
*2. Can it pay next year's bills? Current assets ÷ current liabilities ('current ratio'). Above 1 is generally fine. Around or below 1, look closer.*
*3. How much of the 'assets' are real? Check goodwill -> the premium a company paid on past acquisitions. A huge pile means it grew by buying, and overpayment eventually gets written down.*
Quick worked example, just to show how you'd actually do this -> Johnson & Johnson (JNJ). Not a recommendation, just a well-known name with an easy-to-read balance sheet.\*\* Pull its latest 10-Q and you'll see it holds tens of billions in cash and marketable securities against a comparable pile of debt roughly balanced, which points to a company that can weather a bad year. Its current ratio tends to sit a little above 1, so near-term bills are covered. And it carries a big goodwill/intangibles balance no surprise for a company that's spent decades buying up drug and device makers. None of that tells you whether to buy it. It tells you it's built to survive, which is a separate question from whether it's cheap.
That's the whole point. The balance sheet answers "*can this company survive and pay its way,*" not "is this a good buy." Read it first anyway.

I am 71, invested in stocks since the 1980's (Dow 1300). I held stock in my company through an ESOP. I used a full-service broker to invest my son's college fund. The commissions would shock you. I also was invested in mutual funds through my employer's pension plan. After panic selling my son's Harley-Davidson stock due to a 10% loss, I shifted to mutual funds there too. Then, I wised up. I had begun watching Wall Street Week and Moneyline. I was reading Investor's Business Daily. I tracked my company stock price daily. I learned that a 10% loss is normal, 20% is a correction and that there has never been a 10-year period where stocks did not advance. I learned that funds collected a management fee annually, win or lose; that the fund determined which stocks I owned, when I bought and sold, when I realized a gain or loss. I did not like that lack of control. So I began buying DRIP stocks through a publication. This allowed me to purchase a single share and establish a position to which I could add at any time. I put my son's college money into 5 dividend stocks (JNJ, K, INTC, MRK, HOG) in 1998 and he still owns JNJ and MRK. I then began dealing with on-line brokers (E-Trade and Schwab) when they offered $9.95 a trade commissions. Of course, now, $0 commission has become the standard. But I then bought Home Depot for my joint account through Home Depot Direct. As a homeowner, I, and every other homeowner I know, went there regularly and usually had to make a second trip for something else needed for the job. They were slowly putting all the local hardware stores out of business, and I love a dominant player in an industry (HD, UPS, INTC back in the day). I still hold and reinvest dividends in HD. Next, I rolled my smallest fund over into an IRA. Now I was in control and I could realize gains with no tax consequences. Over time, I rolled over all my fund accounts into the IRA which is now over 300K and which I have not had to tap during 6 years of retirement. I am coming up on my RMD age, so I will have to begin withdrawals soon, but I am sitting on 80% cash 20% stocks and growing it while I wait. Individual stocks are the way to go for the long term. Just don't try to be a day trader. Follow the Buffett philosophy: Buy quality stocks, hold them for the long term, buy the dips, know why you bought it and periodically address whether that logic still applies. Sorry for the long post, but best of luck with your investment endeavors!

JNJ almost curing Multiple Myeloma plus various high powered antibiodics!