Written by Chris MacDonald at The Motley Fool Canada
Investing in the stock market has consistently provided the sorts of returns long-term investors have required to maintain a quality of life in retirement. However, for those looking to not only grow one’s wealth in retirement but keep the wealth generated during down markets, finding stable stocks that can hold their value is important.
The following three companies are ones I’d put on such a list, for investors who may be anxious about what is to come.
Hydro One
Hydro One (TSX:H) is one of the largest electricity transmission and distribution providers in Ontario. The utilities giant serves more than 1.5 million rural customers, or 26% of the total number of customers in the region. Thus, this is an essential company providing an essential service to a captive clientele who really has no other choice but to pay their bills in a timely fashion.
This sort of…
