Why it’s time for investors to go on the defense

Business

Defense is the name of the game for a few reasons.

Marks also pointed to the trade war with China as another reason for financiers to tread thoroughly.

Financiers need to think about taking a stake in utilities, and decreasing their investments in more unpredictable tech stocks, he said.

” Im not stating get out,” he said. More dependable stocks can safeguard investors from huge losses if the environment changes.

CNNMoneys “Markets Now” streams live from the NYSE every Wednesday at 12:45 p.m. ET.

” We have a trade fight with China, its probably going to get fixed, but it may go off the rails,” he said. “And if it goes off the rails, it has extremely severe consequences for the world economy.”.

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” Defense is more crucial than offense” right now, said Marks, the author of “Mastering the Market Cycle: Getting the Odds on Your Side.”.

Its time for financiers to start making much safer bets.

Though stocks have been soaring, Marks warned that we may be nearing the end of the bull cycle.

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Thats what Howard Marks, co-chairman of Oaktree Capital, informed CNNMoney editor-at-large Richard Quest on “Markets Now” on Wednesday.

” Im not stating go out,” he stated. “I believe that running out the marketplace is pretty hazardous today, and I think it would be an error to raise money.” However more reliable stocks can secure financiers from huge losses if the environment modifications.

” Markets Now” streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by CNNMoneys service correspondents, the 15-minute program functions incisive commentary from experts.

You can view “Markets Now” at CNNMoney.com/ MarketsNow from your desk or on your phone or tablet. If you cant capture the show live, examine out highlights online and through the marketplaces Now newsletter, provided to your inbox every afternoon.

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