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

Business

Financiers must consider taking a stake in energies, and reducing their investments in more unpredictable tech stocks, he stated.

(CNNMoney)–.

Marks also indicated the trade war with China as another factor for investors to tread thoroughly.

” Im not saying get out,” he said. More reliable stocks can safeguard financiers from big losses if the environment changes.

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” Im not stating go out,” he said. “I believe that being out of the marketplace is quite hazardous today, and I believe it would be an error to raise money.” More reliable stocks can secure financiers from huge losses if the climate modifications.

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

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

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

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

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

Its time for investors to start making much safer bets.

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