Pharmaceuticals is another. Consumer staples is another good one — think packaged goods companies that make things like toilet paper and hand sanitizer. Soft drinks and candy, too.
These are recession-resistant sectors like necessary services: Well, if you are a little gun-shy these days, or nearing retirement, you should be thinking about defensive stocks as part of your asset allocation.
Suggestion For You:
Utilities is one of the first flights to safety. Let’s face it: Investing is about managing risk, not avoiding it. So how do you invest looking forward?
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Further reading: Most of these companies offer dividends that plump up your portfolio without adding to the risk. Then there are the essentials such as food and energy.
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