What Can You Do To Prepare For The Next Recession?
Stocks expert Stephen "Sarge" Guilfoyle said there's no perfect way to recession-proof your portfolio, but defense wins championships.
Guilfoyle noted that a recession could hit as early as next year, maybe as far as 2020 but that's when you want to be in your dividend yielding names, the utilities sector and staples. He also mentioned at that point you would want to be in gold but long on treasuries.
Bond columnist Peter Tchir gave some fixed income pointers for a solid portfolio.
"I do think you want to avoid big oil and global energy plays, anything that's really relying on a robust economy." At the same time he thought you can look for areas that will do well if we become very domestic-focused, like pipelines.
More news:
- Our full June Trading Strategies report
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This article was written by a staff member of TheStreet.
