The war in Iran has gotten most of the attention on Wall Street lately, and for good reason. Oil prices are surging and nobody seems to know how or when it will end. For that reason, it may be time to start thinking about ways to recession proof your investment portfolio.
Even if the war ends tomorrow, that doesn’t mean everything will be fine. Prior to the outbreak of the war there were already ominous signs that the U.S. economy is heading for a recession.
For that reason, I suggest owning shares of businesses that tend to do well when consumers are pinching pennies. To that end, here are three companies that could see heightened demand for their products if the economy does start contracting.
This post originally appeared at Investing Daily.