There's a lot of uncertainty about what's ahead for the economy and stock market. We could experience an economic downturn this year as rising interest rates to combat inflation begin to impact the economy. That could send stock prices even lower, making it hard to know where to invest.
However, some companies are relatively recession-proof. Three resilient companies that should keep growing in 2023 and beyond are NextEra Energy (NYSE: NEE) , Realty Income (NYSE: O) , and WM (NYSE: WM) . Because of that, you can confidently add them to your portfolio. If you have $1,500 to invest, you could buy $500 of each stock and build a diversified and durable portfolio that should weather whatever comes in 2023.
NextEra Energy is one of the country's largest utilities . Demand for the electricity and natural gas it distributes tends to be very steady even during a recession. Meanwhile, it enjoys stable pricing from government-regulated rate structures and long-term contracts. As a result, it generates a very steady cash flow, which helps support its 2%-yielding dividend.
For further details see:
Got $1,500? You Can Confidently Add These 3 Stocks to Your Portfolio