2024-07-27 06:00:00 ET
We've had quite a historic month. A gunman nearly assassinated a former president while the current commander-in-chief stunningly revealed he wouldn't seek reelection.
Those two events add to the country's growing economic uncertainty, already being driven by persistently high inflation and interest rates. They also add to the rising fears that the stock market could crash (it had its worst day in years earlier this week).
I don't have a clue whether there will be a crash. However, I have taken steps to prepare if it does. I have cash on the sidelines and several defensive stocks in my portfolio to cushion the blow, like Realty Income (NYSE: O) . Here's why I think it's a great investment during uncertain times.
For further details see:
Is the Stock Market Going to Crash? Who Knows? That's Why I Own This High-Yield Dividend Stock.