Clean Up Your Portfolio With These Waste Removal Stocks

Investing in the waste removal space is probably not for you if you prefer to exercise a very aggressive growth strategy.These days though, it’s best to play it safe.We’ve all seen the market take us for a wild ride in 2016 so far, so it may be wise to tread the safer path.We have rebounded since the stock market lows in mid-February, but there are many questions about the health of the macroeconomy which continue to linger. 

The oil price rally may not be sustainable, and the excess supply of the commodity could bring oil prices back down.There are also concerns surrounding China’s ability to grow, and a devalued Yuan (China’s currency) has not been enough to offset the country’s lagging export levels.China is very influential on global GDP growth, as the nation accounted for a third of the world’s growth in 2015.With these major worries still lingering, an aggressive growth strategy is probably not the best way for you to experience successful investing in 2016.

What you should eye for is an industry which is less volatile than the market, but also sees a solid growth path ahead for the long run.One such industry is waste removal.It’s not the sexiest industry out there, but it is definitely dependable in terms of seeing steady growth over time.As consumerism continues to grow over the long term, so will the amount of waste which people produce.Someone’s going to have to clean up that mess.Hopefully, the companies who do this can clean up your portfolio as well.

The barrier to entry is relatively high for this consolidated industry, so these companies shouldn’t receive the type of pricing pressure experienced by more competitive industries such as fast food.Below, we outline two great waste removal stocks.You can also count on these companies to give you steady income in the form of dividends.They also have a beta under 1, so you can count on experiencing less volatility than the broader market.

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