9 Recession Proof Stocks to Invest in When the Economy is Down

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StrategyDriven Practices for Professionals Article |recession proof stocks |9 Recession Proof Stocks to Invest in When the Economy is DownCOVID-19 has taken a great blow to stock markets worldwide. This is because leaders have opted for lockdowns and a shut down of non-essential businesses.

Many people have lost their jobs and the unemployment rate surged in just a few days. The economy is looking very uncertain and unclear for the future.

Ironically, this is a great time to invest in the stock market. Recessions are a great opportunity to buy value stocks at discount prices. Keep reading to check out these recession proof stocks that you can catch on sale.

What Stocks You Should Be Looking For

To make the best investments during a stock market crash, look out for companies that have a great management history. These companies are often undervalued during recessions so you can buy their stocks at a discount. In the long term, their value will rise again.

Also, look at buying recession proof stocks from companies that make indispensable products. These include food, energy and communications companies.

Other stocks that do well in recession include liquor companies, companies that sell cheap merchandise, liquor companies and gambling companies. Look into investing in discount supermarkets, discount clothing stores or online gambling companies.

Read on for 9 best recessions stocks that you should invest in now when the economy is down.

1. Walmart (WMT)

Walmart is one of the best recession stocks that you can buy. First of all, it sells products at discount prices hence it will do well during a recession. A big percentage of Walmart’s sales come from groceries and human beings can’t survive without food. So even during a recession, Walmart will not go out of business.
Investors know the value of Walmart and its stock has remained stable during the COVID-19 pandemic. But the year started with Walmart selling at $119 and the current price has dropped as low as $109. So you can still buy it at a discount.

2. Microsoft (MSFT)

Microsoft is a huge software company that will not be going anywhere anytime soon. It is one of the best recession proof stocks that you can buy during this period. Its prices are at the lowest they may ever be.
As a blue-chip company, Microsoft will be one of the winners of the coronavirus pandemic. Many people are purchasing Microsoft products to assist them while they are working from home.

3. McDonald’s (MCD)

McDonald’s is one of the companies that has taken a hit from the coronavirus pandemic. Store sales have gone down as more Americans stay at home to reduce infection rates of the virus.
But McDonald’s is an established company with a solid management history so we can expect its stock to go back up once the crisis ends. McDonald’s stock price has fallen by about 10% since the beginning of the year. So you could get a bargain if you buy stocks in the company now.

4. DollarTree (DLTR)

This is another recession proof stock because it sells discounted goods. DollarTree has had to hire more employees to deal with the rise in demand for its goods and services.

Its stock price has also fallen 22% since the beginning of the year. So it is a solid stock to invest in now.

5. Kellogg’s (K)

Kellogg’s manufactures a variety of dry goods. Sales of Kellogg’s products have soared as consumers worldwide stockpile food items. Its stock price has also been rising during the pandemic.

You may not get a discounted price on the stock but it is still a good recession proof stock for your portfolio.

6. Disney (DIS)

The coronavirus has forced Disney to close its theme parks. This has caused Disney stock prices to plunge. But this is a solid company that will continue growing in the coming years.

Buying Disney stocks while the prices are low means you will reap the benefits when the pandemic ends and the prices go back up. They recently rolled out their Disney+ platform and streaming rates are up so this could keep them in good standing.

7. Intuit (INTU)

Intuit owns two of the biggest accounting applications? Quickbooks and TurboTax. Businesses still need to balance their books and file their tax returns, recession or not.

While some businesses may close, the economy will still recover and Intuit will be able to ride the downturn. So investing in Intuit stock is a good bet.

8. Brown Forman (BF.B)

Liquor companies often survive recessions because many Americans look for a way to manage their stress. Brown Forman sells whiskey and Jack Daniels is its most famous brand. This article might give more insight into reasons for even higher stress levels.

It will likely have increased sales during this pandemic although the trade war with China might affect its overseas sales. Still, this is a good stock for your portfolio if you don’t have a moral issue with alcohol sales.

9. Visa

Visa is a global company that has one of the most valuable brands worldwide. They also have a product that Americans cannot do without, which is a debit and credit card system. Visa is good at leveraging technology to maintain its market share despite threats from newer companies.

The current pandemic has also led many people to shop online and avoid handling cash which will be great for Visa’s revenues. Visa can survive recessions because as a payment platform it isn’t affected by consumer debt. Despite reduced spending during recessions consumers still have to buy essential goods.

Luckily for you, Visa’s stock prices have fallen due to the CoronaVirus so this is a great chance to get this valuable stock at a lower price than its value.

A Recession Is the Best Time to Buy Recession Proof Stocks

If you are looking to buy some stocks this is the best time to add recession proof stocks to your portfolio. The economy might not be in the best condition. Yet if you play your cards right, you can come out better on the other side.

For more investment tips read the rest of our blog.

Get Fit With Kate

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Get Fit With Kate

Kate has been a nationally licensed Holistic Health Counselor, trainer and yoga instructor for 15 years. She believes in an integrated approach to wellness that addresses the whole person – physical, emotional, mental and spiritual. Her mission is to empower clients with the right tools to actualize transformation. An advocate of first clarifying what needs to be changed and then setting action steps towards these changes, Kate will get you on your way from point A to point B.

While Kate works one-on-one with training, yoga and nutrition clients, she as well offers corporate wellness events. Which are not limited to Zoom meditations, stretches and health coaching sessions.

What a “Holistic” approach means:

As a Holistic Health Counselor, Kate’s goal is to encourage you to live a life of quality – from the inside, out. Starting with diet, she will clear up the confusion around healthy eating and find out what diet works for you as an individual you are. With the right energy and clarity, we are able walk our talk and those changes in life that we think about making are actually implemented. This is why Kate goes beyond the food you put on your plate and delve your Primary Food – which truly satiates one hunger.

Primary Food consists of:

  • Open and honest relationships – how are you interacting with those around you, do these interactions leave you feeling good or bad?
  • Satisfying Career – are you sinking your teeth into something tasty that excites you?
  • Physical Activity – have you found the right type of movement that you enjoy and keeps you energized or are you depleted and stagnant?
  • Spirituality – Do you feel connected to something outside of yourself and have a way to tap into that on a daily basis?

Topics Kate Discusses:

Goal Setting, Physical Wheel of Life, Hydration Tips, Healthy Breakfast Options, Greens, Juicing, Dairy, Minerals, Vitamins, PH Testing, Candida and Candida Testing, Food Combining for Optimal Digestion, Natural Sweeteners, Gluten Free Option, Cholesterol, Causes of Cravings and Deconstructing these Cravings, Warming Foods for the Pancreas, Yin-Yang Balance, Eating for Your Blood Type, Ayurvedic Profiling, Organic – Dirty Dozen and Clean 15, Truth About Soy, Healing Power of Turmeric, Quick and Easy Healthy Meals for Busy Moms, Proteins, Grains, Time Management, De-stressing, Lifestyle Suggestions, Breathing Exercises, Adrenal Fatigue, Mindful Eating.. and several more..

Contact Get Fit With Kate

Phone: 415 676 0353

Email: [email protected]

Website: www.getfitwithkate.com

StrategyDriven Service Provider Network Provider Network Disclaimer

How to Organize Seamless Business Trips in 2020

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StrategyDriven Practices for Professionals Article |Business Trips|How to Organize Seamless Business Trips in 2020One of the perks of working in a large company, with several senior responsibilities, is that it’s often left to you to travel to different destinations in order to hammer out contracts, seal deals, check up on suppliers, or help with your distribution network. These business trips are essential for the functioning of your company, and crucial to help you build your professional profile and wide set of skills and contacts. In this article, you’ll learn how to make business trips seamless, with the following easy-to-follow steps.

Diary

Get your schedules right before you look to book anything. You should know the key factors that feed into your trip, such as:

  • When do you have permission to leave the office on your trip?
  • Which methods of transport, in which classes, are you able to use?
  • When are your important meetings?
  • What else will you do in your destination, other than these meetings?

Only with the answers to these four questions can you make a solid plan, based on a diary of what you’ll be up to on your trip. From this point, you’ll be able to think carefully about the time of day that your travel, and the check-in times that you will cite to hotel staff.

Transport

While some business trips are across country, and it’s possible to take a train or a bus on that kind of route, it’s usually preferable to fly. Indeed, the vast majority of business trips – especially those that take travelers from coast to coast – are undertaken in the skies.

As such, it’s your responsibility to not only book your flights, but to book your transport to the airport. Use ParkON to book your parking space at the airport of your choosing, and use flight comparison websites to find the best rates on business class seating, ensuring that you’re getting a good deal for you and your company. You can also click Show More for further details on business and first-class flights.

Hotel

Where you stay should also be a central part of your considerations when it comes to your business trip. If you stay close to the locations of the meetings you’re likely to attend, you may be more likely to prolong these meetings, and more flexible to have a drink or a walk with colleagues and partners after the conclusion of the meeting.

Meanwhile, though, you want to ensure you get the right amount of sleep when you’re staying in a hotel, which means you should find those which are specifically business-friendly, and those which you can see are set up for single traveling adults, and not loud, noisy families.

Packing

Finally, all smart businesspeople know how to pack to impress. You need to look at your best when you arrive at the scheduled meetings – and certainly not like someone who has just spilled off a plane and hasn’t had a wink of sleep. Ensuring that you pack your suitcase in a smart way, to avoid creasing, is a deeply important element to the success of your trip – and should be treated with great care before you fly.

These tips are important for modern day business travelers who are looking to streamline and make seamless their business trip experience.

The Importance of Establishing Multiple Sources of Income

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StrategyDriven Practices for Professionals Article |Multiple sources of income|The Importance of Establishing Multiple Sources of IncomeEstablishing a secure financial future can be challenging for people that aren’t aware of how to stabilize or diversify their income. If you’re trying to support your family, then having multiple sources of income can greatly help with the future. Unfortunately, most people don’t realize how they can establish several sources of income, or they find the idea daunting to say the least. So to help you out, we’re here to explain the importance of establishing multiple sources of income, and we’ll also show you how to get started.

Job security can be difficulty in uncertain times

Given recent global issues, it’s clear that there is no such thing as certain times in our lives anymore. Regardless of how safe you think your job is, you could lose it or end up with reduced work no matter your position. Entire companies can fold due to one or two stupid decisions by someone managing you, and it’s incredibly difficult to bounce back financially when you only have a single source of income. Having multiple streams of income means that you won’t be so reliant on a single job or salary, meaning you can protect yourself from financial ruin.

Locating business opportunities on the internet

You’d be surprised at the number of business opportunities available on the internet. Whether it’s job opportunities on social media or work listings on freelance websites, we highly suggest that you sign yourself up to social media and job boards to look for work requests and positions that need filling. However, it’s also a good idea to look for business opportunities such as looking for tenders. While tenders can be a lot more complicated, they do offer self-employed business owners and individuals with strong connections in the industry to find excellent business opportunities. However, if you don’t try to diversify your income, you won’t be able to take advantage of these unique opportunities in life.

Paying off your debts faster

Debts such as mortgages and student loans can weigh us down mentally. With the right approach, it’s possible to pay off those debts quickly by utilizing multiple streams of income. With more and more graduates leaving school with mountains of debt, it’s become incredibly important to try and pay off everything as soon as possible in order to secure your financial situation for the future. By establishing multiple sources of income, you can quickly pay off long-term debts without incurring massive amounts of interest.

Getting out of your comfort zone

Breaking from your comfort zone is a fantastic way to learn more about yourself. Taking risks, engaging in different jobs and generally diving deeper into the things you’re interested in can reveal a lot about you as a person. When you learn to diversify your income by taking on multiple jobs or setting up side hustles, it’s the perfect opportunity to chase your passions and grow your experiences and skills. If you stay in your comfort zone and refuse to adopt any changes, then it can be difficult to break out of the monotony of an unfulfilling career.

6 Practical Strategies to Take Care of your Financial Future.

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StrategyDriven Practices for Professionals Article |Financial Security|6 Practical Strategies to Take Care of your Financial Future.Everyone loves to work with the assurance of a secure future. However, to make it a reality, you must take some serious steps or measures that will build your financial security. An excellent place to begin would be to write down your financial goals. Wondering how to get started? Learn about this and other great strategies that will help you take charge and secure your future financially.

Have a financial plan

A financial plan is a strategy that allows you to manage your finances so as to observe financial health and achieve your goals. It provides guidelines and strategies that will help you achieve your goals. A plan forces you to budget, manage your debts, plan for your retirement, save, and invest. Without a plan, it is impossible to exercise discipline and stay focused on the goals. If you’re having trouble on your own, check out the best source for financial advice in Canada for more tips.

Tip: Set financial goals that are (SMART) Specific, Measurable, Achievable, Realistic, and Time-bound.

Live within your means

Most of us love to keep up and fit into the demands of society. What we forget is that such acts take a toll on our finances. If you have to borrow money to have the latest iPhone or bag in the market, you run the risk of failing at your financial goals. Spending money on things you do not need alters your financial plans and eats from what could be your savings. To avoid this, have a personal budget to keep you in check. A budget will help you stick to your initial plan and help you fix problems that accrue quickly. Keep in mind that avoiding debts at all costs is a healthy practice for your financial goals.

Deal with tax problems

The inability to pay taxes owed in full is always a threat to our financial security. As you know, tax evasion is a federal crime. While not all tax problems are self-inflicted, we are still held accountable for them. The good news is that all is not lost. There are methods to settle back taxes with tax authorities successfully. All you have to do is find a tax attorney who understands the law to get you a plan that works in your favor. With the help of an attorney, you can reduce the amount of taxes you owe through a resettlement plan. This will allow you to organize your finances and achieve your long term goals.

Manage your credit cards

Do you manage all your bills or make purchases using a credit card? If you do, you are aware of the beauty and the technicalities of credit cards. Credit cards work best if you pay your balances on time and when you keep you’re spending at a low level. On the other hand, if you default payments, then things might not be rosy. You are looking at increased interest rates, late payment fees, and credit damages. Remember, a bad credit score is a nightmare to your financial plans. Other than being denied loans by banks, you risk lawsuits by creditors.

Additionally, when you are using a credit card to make purchases or take a loan, ensure to look at the interest rates. Remember, the longer you stay with a balance on the card, the more money you will pay. This affects your future because of the years and vast sums of money spent on clearing one loan.
Tip. Try to go for lower interest rates anytime.

Practice saving

Most people experience difficulty in setting aside money to pass as their savings. When you fail to save, you fail to think about the future. You cannot have a secure future if you have nothing to spend at that time. Think about what you wish your life after retirement to look like, or the short term goals that you wish to finance. It is essential to open a savings account and throw in some coins. If you have different streams of income, you can talk to your financial institution or financial advisor on the best saving plan to adopt.

Invest your money

One way to create wealth is through investing. Yes, building a portfolio of quality investment can be a significant step in achieving long term financial goals. Putting your money to work to earn better returns helps you prepare for hard economic times and also enjoy financial freedom. For example, inflation impacts on our financial well-being and one way to beat it by investing in assets that offer capital growth and higher incomes. Remember what to invest in will depend on your savings or income. You can always talk to an expert to ensure you are venturing into something that will offer you Return on Investments (ROI).

Final thoughts

Creating a secure future from a financial perspective is a huge personal step you should take. It requires developing a realistic financial plan and committing to the measures devised to achieve the goals set. You can use the tips we have shared and tailor them to suit and meet your financial goals.