Have $2,000? 2 Market Crash-Ready Stocks to Buy Now
Stock market crashes can rattle even the savviest of investors, but that's not how it should be. Investing is a long game and it's a given truth that stocks don't go up perpetually, so you must be prepared for corrections or crashes along the way. Even better, prepare your portfolio beforehand by adding some crash-proof stocks.
While no one can predict when the stock market will correct, it's inevitable and often sudden; so owning some stocks that could not just survive during a market crash but thrive thereafter is one of the smartest strategies you could adopt. If you have $2,000 to spare, here are two such market crash-ready stocks you'd want to buy now.
Utilities often top a list of defensive stocks for one simple reason: Electricity, gas and water are basic needs that must be fulfilled regardless of how the economy or the stock market are faring, which means you may cut back on discretionary spending during tough times, but you'll still continue to pay utilities to serve you these basic needs. That's why utility stocks can not only generate stable cash flows but also often can afford to pay you a dividend, even during a market crash.
Source Fool.com