3 ETFs I Am Hoping Can Sidestep The Coming Recession
Not much looks opportunistic with the Fed getting ready to shellack markets on purpose. But a couple ETFs I've been buying still look like they may be able to sidestep the chaos. Here's my reasoning.
As my readers know, I feel strongly that the market is heading much lower.
I have been writing throughout the recent rally higher that people should be paying attention to the coming downside and that the Fed is ultimately going to have to force the market lower. In fact, I’ve been predicting that the NASDAQ would crash since before inflation or Ukraine were either a problem.
When a friend casually asked me yesterday what I would be buying right now, my first inclination was to tell him nothing: I think stocks are heading lower, I think oil and gold have already made big moves higher, stocks I found interesting a couple weeks ago have caught a bid (here and here), and there’s really been nothing that sticks out at me individually that I find inspiring at this particular point in time.
After our conversation, I thought to myself about what people who are just entering the market for the first time nowadays might benefit from buying: where would a new investor start today? There’s always the “buy the SPY over a long period of time and hope that, over the years, it eventually goes up” strategy. But more specifically, where do I think there’s any value at all? I gave it some deep thought, and these are the 3 ETFs I would buy if I had to start a portfolio with 3 ETFs today.