I’m late to the party with my recession talk, because if you believe the news “there’s no recession” and we’re back in the bull market:

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But, here it goes anyway. A typical recession-proof portfolio consists of:

• large-cap companies with stable growth and solid dividend
  ha, banks were supposed to be like that
• consumer staples stocks (food, alcohol, tobacco, household and personal care essentials)
  frankly, alcohol is so expensive in Canada, in case of a recession it would be the first to go for us
• healthcare
  this should be in the above category among “consumer staples”, because that’s what Valium and Viagra are by now; but seriously, Healthcare REITs might be a smart move
• bank deposits (cash)
  not too much, if inflation is running high and interest rates are low
• foreign investments
  you’d have to rely on analyst opinions with these, and that’s just not a good strategy; however I don’t mind Switzerland and their money