Three Stocks for Your 'Forever Portfolio'

But tattoo removal treatments are painful and expensive. The process consists of lasers basically disintegrating tattoos in anywhere from six to 20 separate treatments. According to the Times story, each treatment is like having rubber bands snapping against your skin, but as the baby boomers age, what was once a picture of Satan on your right shoulder is now just a flabby red grinning face laughing at you. This is a trend we can invest in.

Companies that specialize in tattoo removal aren't focused only on tattoos. Fortunately for us, they tend to specialize in the larger demographic trend of using lasers for aesthetic treatments and cosmetic procedures including wrinkle removal, skin tightening and scar removal. These procedures are growing industrywide at a pace of 30% per year.

The stock in the sector that I believe deserves to be included in a Forever Portfolio is Cynosure(CYNO Quote).

Cynosure also develops lasers for aesthetic treatment -- everything from cellulite removal to varicose vein removal to tattoo removal. You can find some before-and-after shots on the company's Web site.

Again, these are companies that are involved in all aspects of minimally invasive cosmetic treatments, which are riding a huge demographic trend. I plan on covering this space in more depth over the next few weeks. One of the companies I'm particularly interested in has more than $60 million in net cash and 230% year-over-year earnings growth.

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Other competitors of Venus Medical Technologies include AngioDynamics(ANGO Quote). and Vascular Solutions(VASC Quote). Competitors of Cynosure include Candela(CLZR Quote), Cutera(CUTR Quote) and Palomar Medical Technologies(PMTI Quote).