This Unexpected Economic Safe Haven Might Be Your Best Bet To Weather The Current Storm

This Unexpected Economic Safe Haven Might Be Your Best Bet To Weather The Current Storm

During recessions, the focus tends to be on the worst performers — the biggest names now in the news are Bitcoin and FTX, as their respective prices crash or go bankrupt. 

Meta Platforms Inc. and Netflix Inc. have both had terrible years, and many have been happy to kick them while they’re down.

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Realistically, these are great cautionary tales, but more important are the sectors that thrive during recessions. Internet-based companies in 2000 and banks in 2008 both received their share of attention, but that doesn’t help you make money. What was more important were consumer staples like Walmart Inc. WMT, which came out on the other side of 2000 and 2008 seemingly unphased.

While Walmart and other consumer staples are still doing incredibly well during the current downturn, with Walmart teetering around all-time highs, another sector seems to be thriving: gaming.

Microsoft Corp. MSFT and Electronic Arts Inc. EA are both hovering around all-time highs, with Microsoft’s gaming division consistently posting record quarters. Electronic Arts also recently reported a record quarter, clocking nearly $2 billion in revenue in its most recent earnings report. While Meta’s stock has declined, its virtual reality gaming division has been one of the few areas of growth within the company. 

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Another opportunity is on the startup investing side. For those leaning toward the high-risk, high-reward side of investing or simply looking to diversify their portfolios, startup investments can be a great option. Startups, especially during recessions, can be a lucrative option because those that survive come out the other side leaner and with less competition, allowing them to quickly and easily take market share. With more than 6 million users on its platform, Gameflip is a startup taking advantage of the gaming and digital assets market. 

Gameflip recently launched an equity crowdfunding campaign. For a limited time, anyone can invest in this gaming startup.

See more on startup investing from Benzinga

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