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

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” Im not saying go out,” he stated. “I believe that running out the market is quite unsafe today, and I believe it would be a mistake to raise money.” However more reliable 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.

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

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

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

Marks likewise indicated the trade war with China as another factor for investors to tread carefully.

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Financiers should consider taking a stake in utilities, and decreasing their investments in more unpredictable tech stocks, he said.

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

” Im not saying get out,” he stated. More trusted stocks can protect financiers from big losses if the environment modifications.

(CNNMoney)–.

Its time for investors to start making much safer bets.

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

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

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