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

Business

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

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

” Im not stating get out,” he said. More trusted stocks can safeguard investors from big losses if the climate changes.

Financiers need to think about taking a stake in energies, and decreasing their investments in more volatile tech stocks, he stated.

Stocks have been skyrocketing, Marks cautioned that we may be nearing the end of the bull cycle.

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

Its time for investors to start making more secure bets.

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

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CNN.

” Im not saying go out,” he stated. “I think that running out the market is pretty dangerous today, and I think it would be an error to raise cash.” However more reputable 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.

(CNNMoney)–.

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

You can see “Markets Now” at CNNMoney.com/ MarketsNow from your desk or on your phone or tablet. If you cant catch the program live, have a look at highlights online and through the marketplaces Now newsletter, delivered to your inbox every afternoon.

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

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