3 Recession-Proof Stocks to Buy Now
The stock market is reaching fresh all-time highs on an almost daily basis right now. Some investors expect the good times to keep on rolling in 2020 while others expect a drastic downturn someday soon.
My crystal ball is in for repairs, so I don't know exactly when the next market crash is coming, but I do know that there will be downturns in the future. Corrections and calamities may be unpredictable in many ways, except for the fact that they keep showing up when they're least expected. You and I can't do anything to stop it, but we can prepare our portfolios for the next inevitable crash.
First, it's a good idea to keep some spare cash in your long-term investment portfolio. Without some dry powder on hand, you won't be able to take advantage of low buy-in prices on high-quality companies after the next big drop. Then, you should invest in a handful of recession-proof stocks ahead of time in order to keep your portfolio stable when the storm winds start to blow. Read on to see how Walmart (NYSE: WMT), American Water Works (NYSE: AWK), and Amazon.com (NASDAQ: AMZN) can help you make the best of the upcoming market crash -- whenever it might appear.
Source Fool.com
