It's time to give your money a job, but if you can't decide on a company, you can start with a sector.

GICS stands for the Global Industry Classification Standard and they set the classifications for the 11 sectors.

2 Types of Sectors:

1. Cyclical sectors are sensitive to economic conditions. They do well when the economy is growing but can struggle during recessions. These sectors are more volatile, but high risk can also equal high reward.
2. Defensive sectors are stable across all economic conditions because they provide essential goods and services that people need regardless of how the economy is doing. They can be considered recession-proof.

The 11 Sectors:

1. Energy

2. Materials

3. Industrials

4. Utilities

5. Healthcare

6. Financials

7. Consumer Discretionary

8. Consumer Staples

9. Information Technology

10. Communication Services

11. Real Estate

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