Stick to Basic-Needs Goods and Services
There won’t be a time that you won’t need detergent, toothpaste, or toilet paper – making it a good idea to stick to providers of basic need goods and services. Whether times are peachy or gloom and doom, consumers are bound to buy these supplies on a continuous basis. In fact, maybe even more now as they avoid public spaces and keeping their hygiene pristine.
Consider Dividend Stocks
When you’re looking for a long term return, companies that provide their shareholders with a dividend have consistently outperformed their non-dividend-paying counterparts by a lot over the long run. Buying into companies that pay a dividend that consistently grows their payout over time, making it almost always profitable in the long run. However, keep in mind that dividend stocks don’t always have to be high-yielding.
Taking to Targeted ETFs
If you’re an investor fearing the proliferation of the coronavirus, consider investing in exchange-traded funds (ETFs). Most brokerages allow for commission-free trades, removing a huge barrier to diversification without having a lot of cash on hand. However, buying ETFs still usually allows for a quick way to target specific sectors, industries, market caps, or trends – quickly and effectively.