Worried About a Recession? Stash Your Cash in These 2 ETFs.
More Americans are putting money into cash in preparation of worsening economic conditions and even a possible recession. According to a report from Country Financial and Ipsos, 70% of Americans are likely to keep cash on hand, and just 33% are likely to put money into the stock market (besides what they may have already invested).
The stock market can be a risky place to invest your money but if you go with exchange-traded funds (ETFs), you can decrease your risk given the diversification that these funds offer. Plus, you stand to make a potential profit from your investment as opposed to holding cash, which offers no return.
A couple of good ETFs for risk-averse investors to consider putting their cash into today are the iShares Global Healthcare ETF (NYSEMKT: IXJ) and the Consumer Staples Select Sector SPDR Fund (NYSEMKT: XLP).
Source Fool.com
