There are a lot of daring investors who are always on the lookout for the next best thing. This requires them to take necessary and, sometimes, unnecessary risks. A more conservative strategy is to stick to the proper defensive stocks and hold them sufficiently long. And if you are looking for stable, low-volatility stocks, three are worth looking into right now.
A utility company
Utility businesses are among the most characteristic defensive investments. However, some utility stocks stand out even among the rest of the relatively safe sector, and Fortis (TSX:FTS) is one of them. It’s a utility giant with ten regulated utility operations in multiple countries. It offers both electricity and natural gas utilities and has a total of over 3.5 million customers.
This geographical and operational diversity are just two of the things that make the company safer beyond the business model. Another is the nature of its assets. About 99%…
