How I’m building a simple stock portfolio I can trust next recession

Facing a bear market and possible recession in 2023, I’ve set about building a simple stock portfolio I can trust.

There’s a lot of bad stuff happening at the same time, from inflation, to a hawkish fed, to supply chain issues, to a war in Ukraine.

Maybe you’re wondering why you’d want to be in the stock market at all right now (that’s a good question!).

GIC rates are really high right now thanks to interest rate hikes, and you could ladder those for some guaranteed income (you’d still be trailing inflation by a lot, however).

If you have high interest debt, paying that off should always be your first priority.

If you’re still interested in equities, the future payoff could be significant. Generally, you want to buy when things are looking bleak and sell during euphoric periods. Things definitely bleak right now.

If you’re interested in how I’m building a simple stock portfolio I can trust as we head into a probable 2023 recession, read on.

(Another Side note: I currently own shares of every company mentioned in this article).

A stock chart going up. (Credit: James Gordon/Dall-E 2)

The rules

I’ve set ground rules for myself so I only buy stocks that I can trust and that I’m…