Quote from: elisabetheva on January 08, 2020, 07:43:39 PM

Quote from: merchantofzeny on January 08, 2020, 04:26:18 PM

Quote from: alyssa85 on January 08, 2020, 10:25:21 AM

You are better off looking at defensive stocks that survive in downturns. Walmart is OK for this. Grocery stores, utilities and oil companies do well in downturns (because people continue buying their products).

That's a pretty good suggestion. Large-scale retailers don't often fold over. I've seen someone suggest investing in pharmaceuticals. Which also makes sense since there's always a market for meds. What do you think about Amazon?

I totally agree with what you say about pharmacy, because the need for drugs now is very much and very needed and people will not be able to stop with treatment because the needs are very vital which will be fatal to humans if they stop treatment. but if I know how to sell it seems like I will not buy even if it's profitable because in many developing countries fraud often occurs with the monopoly of drugs. Amazon is also quite interesting because the development of online business is very advanced and continues to grow.

Especially since the West is heavily medicated. Overactive? Take meds. Another thing I just realized now is that Western countries are aging, meaning more people having to spend money on medications in addition to any they are currently taking.

Yeah, I think I might invest in Amazon if I can. Just yesterday it got recommended several times by YT and from what I watched it seems it'll continue growing, provided the issue with retailers are managed correctly. (The vid I watched is about dumpster divers selling their finds on the platform.)