With fears of a recession looming larger than ever, it’s time investors add some low-risk stocks to their portfolio. Investing in stocks by itself is risky, but stocks can also make you filthy rich if you can cherry-pick the right ones and own them for long periods of time.
When it comes to risk, stocks in defensive sectors, with strong competitive advantages, financial fortitude, and a commitment to shareholders, stand a better chance to survive a downturn. Here are three such incredible low-risk stocks for you to consider now.
How to mint money from water
Water is a necessity, and that’s exactly what makes American States Water (NYSE:AWR) a no-brainer low-risk stock. But make no mistake: American States Water isn’t any other water company but has a compelling competitive edge: its contracted services subsidiary, American States Utility Services, which supplies and treats water at privatized military bases throughout the country. The best part is that these government contracts have a life of 50 years.
So while… Continue reading at The Motley Fool