The 2022 bear market has been brutal for certain pockets of the investing world. Sectors like electric vehicle stocks or special-purpose acquisition companies (SPACs) saw share prices decline by as much as 80% over the past year. If you invested significantly in these types of companies, it might be wise to switch up your allocations going forward and invest some of your future funds in businesses that actually generate profits and have a consistent track record of doing so. While not as exciting as riding the hot new trend on Wall Street, buying tried-and-true companies can help you build wealth over the long haul and diversify your overall portfolio. 

Here are two safe and reliable stocks to own as we navigate this bear market. 

My first pick is Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) a company almost every internet user in the world has a relationship with. It owns Google, YouTube, Android, and many other consumer internet businesses, with billions of users between them. The most important of these is its search engine, which has a 90%-plus market share around the world, making it a virtual monopoly. Just last quarter, the Google Search segment did over $40 billion in revenue for Alphabet and likely generated the majority of its $19.45 billion in operating profit. As more and more people join the internet globally, investors should expect this segment to steadily grow and generate consistent profits for Alphabet.

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Source Fool.com