5 Investments You Could Make During A Recession
Aggregated advice from the top experts on how to navigate your life during a recession.
I find recessions scary. I get overwhelmed with questions. Do you feel the same?
Will I lose my job? Should I book tickets for travel later this summer? Should I spend money ordering food? Should I start saving?
To be honest, I have done a lot of research and read many articles. They all, to summarize, talk about the same five things we can do.
I’ll discuss those in this article. Don’t miss the number five.
The first and foremost thought among all experts is to focus on things you could control.
Unnecessary debates with other people or speculation would only wind you down.
Keep in mind everything in this article is a personal opinion and not investment advice. Please talk to real experts about that.
Let’s get right to it then.
1. Invest in essential stocks
Even during the covid, you would remember that essentials were not shut down and any company serving essentials performed well. Invest in them.
Essential companies are generally fulfilling the most basic needs of us humans such as Healthcare or Consumer goods. No matter what happens we do need them.
2. Invest in dividend stocks
Find companies that have paid consistent dividends for the last 25 years. Just a few google searches will get you to them.
These companies have weathered the 2007 recession and generally have a strong balance sheet.
3. Invest in real estate
They say that when markets are low you should look into buying land and properties.
The easy way if you don’t much about it, is to talk to some real estate advisors, get the feel of the market, and then dive in.
4. Invest in metals
Which ones? The precious ones. Gold and silver will do. They have considered stable investments and their prices go up as the recession…