What are defensive stocks and why should I invest in them?
An example of an AI chatbot conversation about investing in defensive stocks.
What are defensive stocks and why should I invest in them?
Defensive stocks are shares in companies that provide consistent dividends and stable earnings regardless of the economic cycle. They tend to be less volatile and can be a safe haven during market downturns.
Can you give me some examples of defensive stocks?
Sure! Examples of defensive stocks include companies in the utilities, healthcare, and consumer staples sectors, like Procter & Gamble, Johnson & Johnson, and Coca-Cola.
What are the risks associated with investing in defensive stocks?
While defensive stocks are generally safer, they can still be affected by market conditions. Their growth potential may be lower compared to growth stocks, and in a rising interest rate environment, they might underperform.
How do I start investing in defensive stocks?
You can start by researching defensive stocks, analyzing their financial health, and considering using a brokerage account to purchase shares. It's also wise to diversify your investments.
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