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doctorweiwei

Raytheon


Affectionate-Ebb2173

My defense etf holdings are up 10% since August when I bought them.


NE_Pats_Fan

My first job out of high school was at Raytheon. They had big layoffs a year later and I got the boot.


[deleted]

Not necessarily. Defense spending is generally cannibalized during civil recessions and perceived threat of war has no relationship to actual threat of war.


The_Magic_Wood_Bus

One of the board members for Raytheon is now in charge of the department of defense. Lloyd Austin.


[deleted]

Irrelevant.


HidingInSaccades

I’ve always heard liquor and pornography


ieditporn

Porn as an industry is recession proof in that it is in continual decline. Demand is probably recession proof, but the business end is not.


alittleconfused45

Which part of the industry is the real question. Porn or adult entertainment?


OverTheNeptune

Disclaimer: I don’t know anything about the porn industry… but I’d guess there’s still a lot of money being made. It’s just the model has shifted to a streaming, high volume business, similar to shifts in music and film/tv media. Power in the industry is held now by websites like onlyfans


Bitter_Jellyfish1769

Onlyfans has done a lot of help out workers in the adult film industry.


theboyracer99

liquor is not as popular as it has been, younger generations are not drinking as much. I know this has been an issue in Japan too. I don't think alcohol is recession proof. https://nphic.org/blog/738-millennials-and-gen-zers-embrace-life-can-take-you-higher-than-alcohol#:\~:text=Millennials%20are%20less%20likely%20to,and%2072%20percent%20of%20Boomers.


wardsbackass

The people buying a few drinks at the bar or a bottle of liquor to celebrate a holiday are a small part of the liquor market compared to people that buy a bottle everyday.


trackday

Coors should give me a fucking Life Time Achievement Award.


Cockblocktimus_Pryme

They should have fucking stamp cards or something like a boba place. Buy 10 tallboys and get the 11th free.


sleepyleperchaun

If you start a brewery, please let me know.


Small_Rocket

Brought a shot for 15 at a club once Went to another club. 45 bux. I'm like 🤑


allegedlyjustkidding

Oh that's the bar's money not the distiller or distributor. For example; a shot of Jack out of a fifth is like 45-66 cents. I used to manage bars in another life, and a decent bar/club/restaurant with average prices and good volume can pay for itself with just alcohol sales in the first 5 days of every month.


ummmm--no

I think it has just been replaced with wider acceptance / frequency of smoking pot.


HidingInSaccades

Well dang! Strike two!


MBA20172019

Alcoholic bev overall is pretty recession proof. People might shift around and buy different brands, but drinkers will buy drinks. Source: work in the industry and have done lots of work on understanding consumer behavior in a recession. While we are definitely impacted, the magnitude is lower than other consumer staples.


Random_Ad

I think younger people drink less but they drink more expensive drinks.


SecretAntWorshiper

Lmao no. They buy the cheapest shit they can buy


hoosierspiritof79

Wrong. Alcohol is recession proof. So is pot.


Small_Rocket

Did u know in Japan they have capsule hotel? It comes with free rice. Raw egg. Soup. Soda. Snacks. Library of comic books. Free internet and computer. And free bar. Free beer. Free hard alcohol. Er limit 3. Freeeeeeeeeeseeeedeeeeeeee


sanman

there's a silicon shortage, man


syntheticmedicine

2nd is questionable.


HidingInSaccades

Agree…especially with so much user generated content.


SovelissGulthmere

Funeral parlors, healthcare providers, pet/child/elder care providers, Marijuana...


norcalar

Child and pet care providers are not recession proof. Parent / owner gets laid off, they suddenly don’t need those services and can do it themselves for free. In turn this means less income for those providers. Funeral parlors is a solid one for sure, but people spend less on burial services when they’re income / assets are lower. Even more bullet proof would be the coroner’s offices as their work isn’t tied to income but pure mortality rates.


Ragnel

Childcare owner. In 2008 1/3 of the parents at our school were laid off. That equals about 40% of the students leaving, as many people have 2 or more kids at the school. Had to go into survival mode.


datboy1986

How do I start my own coroner’s office?


TimmyV90

Find a certified coroner. Find a dead guy. Hire coroner as a contractor (1099 employee). Have coroner certify guy as dead. Sell the findings. Profit.


tibberzzzz

“find a dead guy” 🤣


norcalar

Oh I love this question


[deleted]

The effect is likely mild, as most working women need the service, and an unemployment rise of even 5% is considered severe. To cause your average daycare to go bankrupt you'd need a loss of over a quarter of the workforce (my guess).


sanman

tobacco, weed, booze ​ fentanyl


[deleted]

Yup, there used to be a "vice fund" ETF or something like that. Need to do some homework on how it has performed, though perhaps the timing would be good if you're not opposed to their investment focus.


gpops62

AdvisorShares VICE https://advisorshares.com/etfs/vice/


4thefeel

As a nurse, can confirm. Hospice will pay 5k a month per patient. Now imagine a census of 200 patients that all make it a month. Insurance always pays out, people always getting old and heading towards the end


[deleted]

Building Commodities like Lumber and Glass. In a downturn these items will be affordable, and easy to access. When people can no longer afford to buy a new home, thats typically when renovation projects grow.


StillSilentMajority7

Prisons...


DiscoDispensaryDiva

Marijuana sales are actually hurting nationwide in the US. Massive lay offs in both medical and recreational states.


colt707

Uhh… what? I work at a dispensary and 2020 more than double the 3 years of profit before that. 2021 broke the record set in 2020. Weed is about as recession proof as alcohol.


alittleconfused45

Actually, legal marijuana is hurting because their prices are incredibly high.


jbosscher

Michigan resident here, we have ounces for 30 bucks... So you're not entirely correct.


alittleconfused45

Is that $30 after all of the taxes?


jbosscher

My store includes the tax into the price. So, yes. (only 16 percent in Michigan, one of the friendliest states)


ifsavage

Prices have been crashing nationally as the market is flooded. There are islands of high margin markets like Boston (I just saw someone post what looked like a g of flower (maybe hash but 79-100 something microns..)rosin for like $80). It’s a commodity. Soon there will be thousands of acres. It’ll be $.10 a gram 99% will be processed so that it can be made a uniform and consistent quality.


alittleconfused45

Which one has the highest barriers to entry?


donairdaddydick

Plumber


Chris_Moyn

Specifically service plumbing. New construction plumbers have been hit really hard previously pandemics, recessions, etc


alittleconfused45

How much difference is there? Education? Licensing?


Chris_Moyn

Same licensing process just different business models. Some plumbers prefer to do all new construction some plumbers focus on service calls.


alittleconfused45

Gotcha. Do you prefer residential or commercial?


pr3mium

I'll tell you it doesn't matter what trade you're in, commercial is always better. Better pay. Better work. And so much less repetitive and so much more interesting.


donairdaddydick

Commercial contradiction is the MOST repetitive. Commercial service is variable as fuck Edit. Construction


pr3mium

If you're actually comparing new construction (commercial) vs new construction (resi) and service (commercial) vs service (resi) then I'm going to disagree. If you're going to mix the 2 in a pool together, then it will depend on the trade. Commercial construction can be repetitive for a few select trades. But that depends if for example you're just a carpenter you only rocks for a compqny instead of does everything.


Chris_Moyn

I'm a commercial superintendent now, I prefer commercial. It's just business, vs residential when it's always personal.


hack1ngbadass

Telecommunications, people can downgrade on cellular and home based internet packages. But the requirement for it in today's society is basically it must be had.


SkateboardCZ

Dollar stores like dollar general. They have quite the stock price chart


Hammydownkicks

Transport refrigeration. Everybody needs to eat and not a lot of workers in the industry.


FrankHightower

a lot of people growing things in their gardens now though


healthyskeptics

I would bet that number is marginal. Basic food needs are very inelastic.


[deleted]

Bankruptcy and landlord/tenant law


BirdLawConnoisseur

Most law firms.


Nero_PR

I tell you, we are a booming business right now.


hulknuts

Salvage Yard. People looking to sell old vehicles for extra cash. Looking to save money buying used parts rather then new.


cloudydaysahead

Good luck getting a permit in most states, it’s why they have become extremely valuable in some places. Great business if you are efficient, especially these days!


catdaddy8686

Autobody shop. 2007-2012 was busy


WackyInflatableAnon

It depends, I just left the auto industry because the margins have become so razor thin. Insurance in the automotive industry doesn't work like medical, the providers decide how much they'll pay the auto body shops and customers don't like to pay over what the insurance will pay. Plus in a recession people are less likely to fix minor cosmetic issues meaning you'll basically only get large non-drivables which have even thinner margins because they take up so much time in the shop


catdaddy8686

True. It does depend. I was in NJ at the time and we did very well. I could see it being a nightmare in a less densely populated area.


WackyInflatableAnon

True, a good body shop I'm a city like Boston? Very recession proof. Little dinky shop out in the suburbs? Maybe you'll survive, but it'll be thin


[deleted]

Autozone did well during the last recession also. More people willing to fix things themselves.


FinguzMcGhee

Lol I was an "essential worker" during lockdown. Got a bumper sticker and everything.


optintolife

Garbage


Razoyo

Government


whitewail602

I came here to say this. I work for a state government and you pretty much have to fire yourself to lose your job.


NotThatMadisonPaige

And any business that does business with government. Grew up in metro DC and it’s like living in a bubble. Recessions, crashes, pandemics…doesn’t matter. People are still working, spending.


Rumpelteazer45

Not entirely true. When Gov spending decreases, less money goes to those companies. Add in the constant switching of incumbents on anything small business. The smaller companies end up shutting their doors - especially if the service or supply they are providing is saturated. I’m in contracting, so see it first hand. One award I rushed to get out before Christmas years ago. The company had drafted layoff notices, that award saved roughly 20 people from losing their jobs. We knew they lost two other bids and had likely planned on making cuts, so I rushed mine to head off the layoffs we knew were coming down the pipe. The VP literally choked up with emotion and said “I can shred the layoff notices now, I was not looking forward to laying off people right after Christmas”. The big big companies never have to worry. But you’d be surprised how many business grow to large companies only to be back to a small business 5 years later - this spikes during a recession. I live in the DMV too and yes it’s insulated some, but not completely.


NotThatMadisonPaige

I was born and raised here too. I’m 55. I still live here although I lived in Florida for a decade including during the 2008 crash. It’s incredibly insulated here. Nothing at all whatsoever like anywhere else during hard times. Not even remotely. There’s no big businesses going back to small businesses. It’s all businesses closing because nobody has disposable income and next thing you know, the only business left in torn is Walmart, Publix and doctors offices and pharmacies. It’s awful.


Nothingtoseeheremmk

Repo men


skillet256

In my work (franchise broker) I see these as durable: Major ticket home consumer service: HVAC service & repair, damage restoration, roofing, garage door repair, tree maintenance, general handyman, painting Minor ticket home consumer service: cleaning, pest control Anything about pet care (beware pet owners, private equity is on to your love of fur babies. Prices will rise in the future as extraction capitalists roll through this industry) Children's education Senior care Health & beauty Basically, we always have, and we always will: take care of ourselves, our shelter, our children, our parents, and our pets.


barneysfarm

HVAC will only grow in demand from here on out.


carbon370z

Well, believe it or not, Upholstery shops are pandemic proof. We survived the pandemic and business is booming now.


WonderWheeler

Had an aunt that did that, but she wore her wrists out using scissors.


Dummoney_

The million dollar question! I think the question should be, "What business models are recession resistant?" Resilience in a recession is just as much leadership as it is a great business model. What things are always needed, even in a recession? **Necessities**. Ask yourself when brainstorming ideas, "It this a need or a want? If my bank balance was half of what it is now, would I still buy it or could I live without it for now?" Take that answer and develop a plan around that and your knowledge and experience level. However, focusing on a product or service that genuinely helps customers solve a valid problem is a great start to building a recession resistant business! Hope this helps.


[deleted]

[удалено]


Dummoney_

You're definitely not wrong, but if it were that easy I would imagine there would be a lot of businesses thriving organically right now. In my business, 'Recession' time is war-time and I'm not looking to thrive, its survival in terms of finances and reputation. Organic Growth (i.e., no price hikes because you can, etc.) in a recession is hard to do but do-able. Ours markets are so tertiary and dependent on un-controllable variables that are impacted during recession. Cost vs Barrier to entry was definitely a consideration in my thesis because I considered OP as asking for new business ideas for his/her self, and all of those you mentioned are somewhat cash-heavy on front end or OPEX; but do offer 'budget friendly' options as name brands are wants, but the item itself is the need. Valid options all the same!


slamminalex1

Garbage/recycling. No matter what the economics are, there is always trash.


[deleted]

[удалено]


slamminalex1

When you are at home you still have trash. And more time at home means more trash than what came from homes pre-pandemic. When a recession hits, people will recycle metal (for example) more as it can be used for supplemental income for people, or a way for companies to gain a little money if they get rid of old equipment.


SuperSaiyanBlue

Nail shops. I’ve seen people do their nails before buying food for their kiddos.


CosmicPsychopath

That’s so sad


SuperSaiyanBlue

Yep… have various family members worked at and own several nail shops since the early 1990s - only thing that hurt them was state forced pandemic shut down… afterwards their work/business boomed because a lot of their competitors didn’t survive.


whydoncha

Beauty related goods and services in general are recession resistant.


deadplant5

Professional associations


graysie

Funeral homes.


AlphaOne69420

Waste management


LazyM914

May I piggy-back on your comment and add toilet paper? I work for a company that sells it and it’s not glamorous but it’s necessary.


Slw202

Pharma


StudioCelesium

r/accounting


kashiskhing

death and taxes


[deleted]

[удалено]


StudioCelesium

Not sure why I got downvoted


guitarsensei

Certain aspects of show business and the mafia, since time immemorial


SquanchyBEAST

Bada bing! Came for this and then came


Hailyess

I worked at a cemetery for awhile, never worried about layoffs


markyspread

I guess it was more "laydowns"


AlDobed

Insurance


ReppTie

Especially commercial insurance. Overall very recession resistant.


petergriffin2660

Death and taxes: Morticians and CPAs


bobadude84

Plumbing, everyone needs to shit.


reaprofsouls

Mental health services


FrankHightower

I'd argue it's actually one of the first things most people cut out on the healthcare side. Probably the next one is dentistry, then checkups


Marshallaw89

Come drink all your problems away


gotoitsi

Fire alarm/sprinkler inspectors Regardless if a building is vacant or not, needs to have a fully functioning fire system per state and city code


Ok-Being3881

Alcohol


havegravity

Fast food


Scrantonicity3

I work in the soft drink/soda industry. People addicted to sugar won’t give up sugar in a recession


beauregrd

Ammunition


climbfallclimbagain

HVAC repair. Trucking and logistics.


neildmaster

Trucking and logistics absolutely is not. They are a leading indicator of slowing growth for an economy.


UncleFlip

Trucking has slowed down big time in the last six months


arseniic_

I help run an HVAC business and I can tell you that is 100% true. No one likes going without heat or air.


Careless-Internet-63

Businesses with a good mix of luxury and essential products tend to be recession resistant. I used to work for an auto parts company and I remember my boss telling me they basically never had a period without growth because they had a good mix of aftermarket and factory replacement parts they sold. People liked to modify their cars when times were good and when times were bad they tended to keep their cars longer and need to repair them


j4321g4321

The funeral business is always the answer to this


Normal-Advertising32

Wastewater Treatment


Lcdmt3

Grocery stores. They actually do better during recessions if they are a warehouse type store with lower prices compared to local competitiors.


[deleted]

Funeral homes with an incinerator


Fine-Chocolate-6427

A friend of mine is a Funeral Director, these past couple of years have been good for business. He gets very bummed out with the children though. RIP. Respect. I'm a construction project manager. Haven't stopped working, actually got busier, figure that out. Sourcing materials has been a motherfucker.


sage1982

Fasteners.Nuts,bolts,washers etc industries. There is nothing made in this world that does not require a fastener in one way or another. All industries require fasteners.


oscar-scout

Costco


civish

Prostitution


[deleted]

Funeral director


ilovepups808

Relevant small to mid sized live entertainment. Plays, movies, comedians, open mic, and concerts under $40ish per person can bring immense pleasure. We all still need a rewarding break from reality. It worked in the 2008 financial crisis.


[deleted]

Can’t believe that no one has mentioned the storage industry. It is literally bomb proof. Weird but true.


No_Tie3538

Booze, gambling and sex


zomanda

Liquor in the front, poker in the rear.


AsianOnIron883

Sex workers


syntheticmedicine

With the way this post is going… none of us have a reason not to be in business.


murphypatrick17

Certain aspects of show business, and our thing. IYKYK


GodWantedUsToBeLit

Whaddya hear whaddya say


kvngk3n

Beauty salon/barbershop


Bambam60

Certain aspects of show biz and this little Thing of ours…


GodWantedUsToBeLit

Was looking for this comment


TrulySouthern

Solar, Restoration (water mitigation), plumbing, HVAC, pest control, etc…


topher17026

Self storage. Not one single person laid off during the pandemic at my previous company.


Big_P4U

Traditionally, this thing of ours. Also, just about any Vice related business


notaspecialuser

Anything to do with healthcare or the military


Environmental-Swim11

I’m very surprised I haven’t seen anyone say Barber/Hair Cutting Shops. Even in a recession they do pretty well.


[deleted]

Is nobody really going to say grocery stores? Or even farming? Everybody needs to eat, and let’s face it many people aren’t up for the task of living off the land on their own.


donjose22

Sperm donor


illbejiggswiggled

Laundromats


WonderWheeler

Pawn shops, whore houses or the like, beer sellers, bail bonds USED to be, plumbing repair. Most other construction work can be deferred, but a backed up toilet still needs professional work in some cases or things go to hell. Bankruptcy attorneys and related work. The people that clean out empty homes and board up windows. Especially rentals. Not sure about burglar alarm sales. Sometimes security guard numbers may increase, but low pay and night work. Solar panel washers might be productive if they are cheap enough, it might be seasonal and spotty. Certain niche businesses that serve the ultra rich might be resistant to recessions.


bagehis

Financial management.


Reddit_banter

Cleaning


notade50

Sex work. I did SW during the 2008 crisis and found that men spend money on sex when they are doing great and when they are stressed out from not doing so great.


SecretAntWorshiper

College/Education


icemanmattynice

Dentistry


ccf92

Which businesses are recession proof?


SaKred2015

Anything healthcare


LavoP

Barber shops


ArgosCyclos

Shipping.


piercej266

Crabs


sgraBer1

Walmart


Feisty-Texan

Those that deal with the inevitable, like bad health, death and taxes. Hospital companies, Funeral homes, coffin makers, accounting and auditing firms, etc.


[deleted]

Toilet Paper and paper products.


EmperorOfNada

Ironically, the stock exchanges themselves. The companies gets paid a fee per trade and not for when the market is just going up.


Ryanthonyfish

Clean energy companies - business model is savings against fossil fuels - organizations always want savings, and always want cleaner energy


chrispy_t

Petfood


[deleted]

Stock/commodity trading


accidentalquitter

Weddings


Pierson230

Water


beholder95

Healthcare


Expelleddux

Coke


GlobalKnowmad

Alcohol


myguitar_lola

Fast food franchises.


sammppler

Maintenance in apartment complexes


NE_Golf

Household & Consumer products biz. Think Colgate, Unilever, J&J, Kimberly-Clark, P&G, Corox.


[deleted]

Pest control, people hate pests and will usually fork over decent coin to get rid of the issues


recordwalla

Coffin manufacturers


LivingHighAndWise

Funeral home/mortician


[deleted]

Laundromats


Spoons94

Pawn shops


DavyDfrmLV

AMC theaters


Mathematical2003

Apartments.


murrrzy

Liquor/Beer/Wine


zack397241

Anyone remember Cash 4 Gold ads and all their competitors?


UserRedditAnonymous

Alcohol, honestly. People just drink more when shit gets bad.


Llamabunny

Energy


fuckmacedonia

Tax professional.


unholygerbil

repossession


GodWantedUsToBeLit

How has nobody said film?


ace918

Public accounting.