3 Low-Risk Stocks for Conservative Investors
If there's one lesson that 2020's market volatility has taught investors, it's this: No stock is 100% safe. That, however, doesn't mean that risk-averse people should stay away from equities. Investing in stocks remains one of the best paths to financial independence -- provided you choose them carefully.
Businesses that sell products and services for which demand is steady are typically less risky to invest in, but you should also be looking for companies with the financial fortitude and strong growth catalysts to generate truly meaningful returns even during challenging times. Here are three such low-risk stocks.
Waste collection, disposal, and recycling are resilient businesses that are unlikely to hit the type of speed bumps that can derail a company's growth or stock price. Fluctuations in revenue and cash flows aren't a major cause for concern for such a business given its essential nature: Come rain or shine, we'll always produce trash. That's why investing in this industry is pretty low risk, and why Waste Management (NYSE: WM) is such a great stock to own.
Source Fool.com
