“Safety” doesn’t exist.
Editors’ Note: MarketMinder doesn’t make individual security recommendations. The below merely represent a theme we wish to highlight.
The tragic Maui wildfires have wrought unspeakable damage and loss of life, so it seems rather perverse to focus on the stock market side of this situation. Yet focus there we will, briefly, because some in the financial press are now highlighting some repercussions that defy conventional wisdom about the Utilities sector—long considered “safe.” The recent performance of a local power company shows otherwise, much as a California utility did in the wake of the Paradise fire five years ago. Let this be a reminder that “safety” doesn’t exist in investing. Risks may vary, but they are omnipresent.
Utilities’ reputation stems from the sector’s traditionally defensive…
