Why you should buy these 2 defensive ASX shares today

With the S&P/ASX 200 Index (ASX: XJO) climbing dramatically this week to a new post-COVID high, it can be tempting to think these sorts of lucrative market conditions can last forever. Alas, this has never been, and will never be, the case. The markets are a volatile beast, and can both giveth and taketh away. While some investors embrace this inherent volatility as a useful way to buy shares on the cheap, it can be downright scary, and off-putting, for many others. That’s where defensive ASX shares can be useful.

There are defensive ASX shares out there that have the potential to increase the stability and decrease the volatility of one’s portfolio if that’s an important consideration for you. Here are two such ideas…