Investing Strategy During Economic Recession
During the current recession which has been brought about by the pandemic, investors need to act cautiously but remain vigilant in monitoring the market landscape for opportunities to pick up high-quality assets at discounted prices. A recession is a difficult time but it also coincides with the best investment opportunities.
Investors who want to survive and thrive during a recession will invest in high-quality companies that have strong balance sheets, low debt, good cash-flow, and are in industries that historically do well during tough economic times.
Some of the companies which I would recommend for a purchase at this time include all the companies in the agriculture sector and the following companies;
- East Africa Cables
- Nation Media Group
- Diamond Trust Bank Kenya
- NIC Group
- Centum Investment
- I & M Bank
- KCB Group
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