Hi All,
I was thinking of dumping 100K into VPU (Vanguards US Utilities Index fund) and I was wondering whether it made sense today. If we are indeed going into a recession, I would say utilities would flourish given its a defensive commodity. Should we go into a bull market (which I dont think so), Utility stocks are relatively price stable and that would allow myself to redeploy capital if required.
Would this make sense or not at all?
Thanks!
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