Are there recession proof stocks?
Are there recession proof stocks?
Caleb Edwards
Ayden Turner
That ass is recession proof
John Fisher
Senior living REITS
Nicholas Gonzalez
Debt
Jason Diaz
The classic advice is to buy utilities, but also look at staple goods companies that make things like toothpaste, toilet paper, canned soup (no joke), any sort of basic necessities.
Christopher Walker
consumer staples XLP/VDC
Jace Reyes
Gold baby gold.
Jackson Foster
Soup, Campbell’s makes most of their money on snack foods now.
Zachary Martinez
none of that shit is shock proof because companies make everything and source from everyone
Lincoln Hall
what a body, wew lad
Colton Reed
gun manufacturers
liquor manufacturers
mcdonalds
Carter Baker
Justin Powell
Inverse ETF's nigger.
Lucas Gray
someone once told me that when there's a recession, people sell off their stocks with increases the demand for the dollar, but that in turn decreases demand for gold. is that true?
Elijah Cruz
Hmm, maybe because people with the hold are buying all the stocks?
Lucas Cook
Vice.
Jason Harris
the elusive 11/10
Tyler Ramirez
Wow! Thanks OP
Jeremiah Wood
Is that a hooker in the OP?
Asher Hughes
Cigarettes and alcohol companies usually do better in recessions as people go back to smoking and drinking when they lose their jobs
Brody Cook
Think of where poor people shop. Thats where most people will be shopping when theres a recession.
>inb4 Wal-Mart
Jonathan Myers
Good advice itt
Blake Lee
unironically true
William Baker
prasx is a mutual fund comprised completely of puts and shorts. Its performance sucks during bull markets but it if awesome in bear markets. It will go down in the initial stages of a recession/depression but it will recover like a beast first.
Jacob Reed
Goodness my gracious the girl grew up right.
Eli Phillips
gold or gold miner? And what region?
Jason Ortiz
WM
Jacob Harris
Your mom being unfuckable is recession-proof.
Ryan Morgan
what he meant is physical gold, gold coins gold bars etc.. real gold you can touch
reason being is that currencies are pretty much "made up value" and when there is a economic crisis, the currency automatically loses it's value aswell, people lose trust in it
but gold is a value that was is limited by mother earth, there is only a set amount of gold in the world that cannot ever increase... gold has real value.. in a recession, you will usually see gold prices going up (you can for example dodge overinflation/deflation with gold)
check charts for economic downtimes (for example S&P500) and compare how gold reacted to it at the same time, most of the time it goes up in value.. worst case it will keep somewhat steady
Brandon Gray
I think you misread my post
Josiah Gutierrez
>Will literally be mining asteroids EOY
>Thinks we cannot increase gold with chemistry in the near future
BRAINLET
Evan Moore
it's a depreciating asset