Monday, March 4, 2024
HomeFinance3 Crash-Proof Stocks to Buy October 2021

3 Crash-Proof Stocks to Buy October 2021

Do you need to start worrying about an October 2021 stock market crash? Which are the stocks to buy for protection and upside potential? I’ll explain why stocks are falling now, which benefit from the trends and which stocks could drop further.

Follow these and all the stocks in our 2021 Bow Tie Nation portfolio on Stockcard. Use promo code bowtienation for a special discount beyond the free trial! https://mystockmarketbasics.com/stockcarddiscount

The stock market was down last month, only the second time it’s happened this year and October is one of the worst for stock crashes. Even the optimists and long-term investors need to know why stocks are falling and which stocks to buy for protection.

The bad news is you can’t just go by the ‘conventional wisdom’ for safety stocks. Because rising rates are one of the factors in falling prices, traditional safe stocks in utilities and consumer staples are getting slammed. Gold is also getting hit on higher rates and a stronger dollar. You’ll have to look elsewhere for stock crash protection.

Interest rates are likely to continue rising with most economists forecasting 1.8% to 2% by the end of the year. That will hit tech and growth stocks but could benefit financials like banks and insurance companies. Rising energy prices are a more recent worry but could limit gains in stocks of materials and industrials companies while benefiting energy stocks. Finally China is the big wild card, forcing uncertainty on the market and casting doubt over economic growth.

We can look at stock sector performance over the last month to see which stocks could do better in October or if stock prices keep falling. Stocks in utilities, consumer staples, materials and industrials will likely continue to lag while those in energy, financials and consumer discretionary could outperform. It’s here that I would look for stocks to buy and it’s from these sectors that I’m revealing my three stock picks for October.

How Much Crypto do You Need to Become a Millionaire? Find out in this video! https://youtu.be/fVHLOKTK4rI

0:00 Will Stocks Crash October 2021?
1:27 What are the Traditional Safety Stocks in a Stock Crash?
2:28 Why Stocks are Falling
5:50 Best and Worst Stock Sectors October 2021
6:31 Three Stocks to Buy for October 2021 Crash Protection

Must Watch Videos! 😲 Don't miss the most popular videos on the channel!

🤑 7 Monthly Dividend Stocks that Pay My Rent! https://youtu.be/Rr4A51xoOZ0
8 Simple Steps to Start Investing RIGHT NOW! https://youtu.be/oRxz_0s875I
💰 10 Penny Stocks Under $5 that WILL Make You Rich! https://youtu.be/7B0Rr4n6e_4
How Many Shares to Buy to Make $1000 a Month? https://youtu.be/GnAuLqO6bfs

🤑 Get The Weekly Bow-Tie – my FREE weekly email newsletter sharing market updates, trends and the most important news! Market Updates for the Smart Investor! https://mystockmarketbasics.com/dailybowtie

My Investing Recommendations 📈

Check out the stock simulator and Get a FREE share of stock worth up to $1000 when you open a Webull investing account with a $100 deposit! 🤑 https://mystockmarketbasics.com/webull

📊 Download this Portfolio Tracker and Investing Spreadsheet! [Community Discount Code] https://mystockmarketbasics.com/spreadsheetdiscount

Free Webinar – Discover how to create a personal investing plan and beat your goals in less than an hour! I’m revealing the Goals-Based Investing Strategy I developed working private wealth management in this free webinar. Reserve your spot now! https://mystockmarketbasics.com/free-investing-webinar

₿ Get up to $250 in free bitcoin when you open an account on BlockFi and earn interest up to 7.5% https://mystockmarketbasics.com/blockfi

STOP losing money trading stocks! This workshop on technical analysis and stock trading will give you everything you need to trade like a pro! Make more profitable trades and make MORE money! Exclusive community discount – click to save 30% https://mystockmarketbasics.com/tradestockspro

SUBSCRIBE to create the financial future you deserve with videos on beating debt, making more money and making your money work for you. https://peerfinance101.com/FreeMoneyVideos

Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.

RELATED ARTICLES

Most Popular

Recent Comments