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

Business

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

(CNNMoney)–.

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

” Im not saying get out,” he said. “I believe that being out of the marketplace is quite unsafe today, and I think it would be a mistake to raise money.” More reputable stocks can protect investors from big losses if the climate changes.

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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.

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

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

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

Its time for investors to start making more secure bets.

PICTURE: CNN.

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

” Im not stating get out,” he stated. More dependable stocks can protect investors from big losses if the environment modifications.

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

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

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