**10 Defensive ASX Stocks: Expensive Market**

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Post on Nov 07, 2024

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10 Defensive ASX Stocks: Riding Out the Expensive Market Storm

The ASX is feeling the heat, right? Inflation, rising interest rates, and a global economic slowdown – it's enough to make you want to curl up with a cuppa and forget about the stock market. But hey, we're not quitters, are we? Instead of hiding under the covers, let's talk about how to weather the storm with some defensive ASX stocks. These companies are like sturdy, well-built ships that can ride out rough seas, offering us some peace of mind in a volatile market.

What are Defensive Stocks?

Think of defensive stocks as the reliable friends you call when you need a shoulder to cry on. They're the kind of companies that keep on chugging regardless of what's happening in the wider economy. They offer stable earnings, consistent dividends, and low volatility – all good things in times of uncertainty.

10 ASX Stocks to Weather the Storm:

1. Coles (COL): Need to eat? Coles is the king of supermarkets in Australia. They've got everything you need, and folks gotta eat, no matter the economic climate. 2. Woolworths (WOW): Coles' biggest rival, Woolworths is a steady Eddie with a strong track record. They've got a big footprint, and people keep coming back for more. 3. Wesfarmers (WES): A diverse conglomerate with a bunch of well-known brands like Bunnings, Kmart, and Officeworks. They're always in demand, and their portfolio provides some nice diversification. 4. Telstra (TLS): Australia's biggest telco. People are always going to need phone and internet access. They're a reliable earner with a decent dividend. 5. Sydney Airport (SYD): This one might sound a little risky, but think about it. As the economy recovers, people will be itching to travel again. Sydney Airport is a key player in the travel industry, making it a potentially strong long-term play. 6. APA Group (APA): One of the biggest gas pipeline operators in Australia. Energy is essential, and APA is a key player in the infrastructure game. 7. Transurban (TCL): Another infrastructure play, this time focusing on toll roads. People are always going to need to get around and pay for it. They're a solid bet for long-term growth. 8. Commonwealth Bank (CBA): The big bank on the block. They've got a huge customer base and dominate the market. Not the flashiest of investments, but they're built to last. 9. National Australia Bank (NAB): Another solid bank with a long history. Their focus on business banking makes them a bit more exposed to economic fluctuations, but they're still a reliable earner. 10. BHP Group (BHP): A mining giant that's a global player. They're a bit more cyclical than the others, but their strong earnings and global exposure offer some protection against market downturns.

It's Not All Roses:

Remember, no stock is perfect, and even defensive stocks can experience some dips in the market. It's crucial to do your own research and make sure you're comfortable with the risks before you invest. This is just a starting point to help you navigate the choppy waters.

Stay Calm and Carry On:

Investing can be a rollercoaster ride, especially in times like these. But with careful planning, diversification, and a long-term mindset, you can navigate the storm and come out stronger on the other side. Remember, investing is a marathon, not a sprint.

Disclaimer: This is just general information and should not be taken as financial advice. Always consult with a qualified financial advisor before making any investment decisions.