2 Stocks Worth Owning Through a Stock Market Crash
With the 2020 coronavirus market crash still fresh in many investors' memories, you may vividly remember the pain of holding stocks through the panic-stricken market downturn. Between Feb. 12 and April 20 last year, the Nasdaq plummeted more than 30%. It was brutal.
While there's not much investors can do to avoid the impact a market crash can have on the prices of stocks in their portfolios, there are some actions investors can take to help ease the pain during the downturn. One simple thing investors' can do is own the type of companies built to handle tough economic times. Knowing resilient businesses are in your portfolio through a downturn can help give investors the courage to hold onto shares for the long haul -- long enough for shares to rebound and potentially even resume their long-term march upward.
Three great examples of companies with business models likely to thrive in almost any market are investment conglomerate and insurance giant Berkshire Hathaway (NYSE: BRK.B) (NYSE: BRK.A) and waste management and recycling specialist Waste Management (NYSE: WM).
Source Fool.com
