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You wake up to the morning news that Asian markets have been in freefall overnight. Breathless commentators await the opening of European and American bourses. And then shares in London, New York and elsewhere join the rout with force. The much-anticipated crash has arrived.
At that point you’ll need only two things: your computer and the following list of shares.
Everyone else might be fleeing in panic, but you will take the opportunity to buy quality assets at – for the first time in many years – prices that are, at least, reasonable and, at best, attractive.
In today’s market some of the most highly priced investments share several characteristics. They tend to have secure revenue flows, often linked to multi-year government contracts or the supply of essential utilities. They also tend to distribute income to shareholders in the form of dividends.
These are the sorts of investment which…