Five stocks to survive an uncertain future

The economic outlook is uncertain in the extreme, with predictions ranging from deflationary recession to rampant inflation. So now is a good time to buy sound, durable stocks. Here, professional investor Nick Train picks five stocks that should prove reliable each-way bets.

Each week, a professional investor tells MoneyWeek where he'd put his money now. This week: Nick Train, investment manager at the Finsbury Growth & Income Trust.

Macro-economics are pulling the British stockmarket every which way. One week investors fear a deflationary recession; the next they are betting on a 'V-shaped' recovery in demand and commodity prices, probably accompanied by rampant inflation. Each camp has its wild-eyed adherents, brandishing charts that point to apocalyptic, but divergent, outcomes. Each too can argue reasonably that the economic data, which fluctuate from day to day, support their theory, and theirs alone.

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Young's480p355p397.5p
Diageo1,068p727p839p
Unilever1,687p1,226p1,426p
Cadbury673p445.25p534p
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Nick Train

Nick Train co-founded Lindsell Train Limited in 2000. He is the portfolio manager for UK equity portfolios and jointly manages Global portfolios.

Nick has over 40 years’ experience in Investment Management. Before founding Lindsell Train, he was Head of Global Equities at M&G Investment Management, having joined there in 1998 as a Director. Previously he spent 17 years (1981 – 1998) at GT Management which he left soon after its acquisition by Invesco. At his resignation, he was a Director of GT Management (London), Investment Director of GT Unit Managers and Chief Investment Officer for Pan-Europe.

Nick has a BA Honours Degree in Modern History from Queen’s College, Oxford.