Commonly, people flock to gold in times of recession. With gold at its peak, where else could you be looking out to recession-proof your portfolio?
Think of industries that will still be needed despite economy outlook. Recession or not, people still need these 3 things in their lives:
Healthcare, Food, and Electricity .
People get sick regardless of economy, resulting in steady demand for medication, treatments, and healthcare services. Aging populations, especially in developed nations, also boost long-term growth in this sector.
People still need to buy essentials -household items, food, groceries - despite of economy. Such necessities are basic essentials in everyone’s lives.
Electricity, water and gas are non-negotiable, regardless of economy. These sectors are less volatile, have steady cash flow and usually pay dividends.
These sectors aren’t flashy, but they’re fighters especially in turbulent times, by helping you to preserve capital, generate income, and stay invested. If you haven’t reviewed your portfolio’s recession readiness, now’s a good time to look into it!
Let’s invest wisely, live boldly, and stay grounded, no matter the market.
