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

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

” Im not saying get out,” he stated. More trusted stocks can secure financiers from big losses if the climate changes.

Financiers need to consider taking a stake in energies, and reducing their investments in more volatile tech stocks, he stated.

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

Though stocks have been skyrocketing, Marks cautioned that we might be nearing the end of the bull cycle.

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

Its time for financiers to start making much safer bets.

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

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

” Im not saying go out,” he stated. “I believe that running out the marketplace is pretty unsafe today, and I believe it would be an error to raise money.” More reliable stocks can safeguard investors from huge losses if the climate modifications.

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