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

Business

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

(CNNMoney)–.

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

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Marks also pointed to the trade war with China as another factor for financiers to tread carefully.

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

” We have a trade battle with China, its most likely going to get solved, however it might go off the rails,” he said. “And if it goes off the rails, it has really major repercussions for the world economy.”.

” Im not stating get out,” he stated. “I think that running out the marketplace is quite hazardous today, and I believe it would be an error to raise money.” More dependable stocks can protect financiers from big losses if the environment modifications.

Investors need to consider taking a stake in utilities, and reducing their investments in more unpredictable tech stocks, he said.

Its time for financiers to start making much safer bets.

Though stocks have been soaring, Marks warned that we might 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 service correspondents, the 15-minute program functions incisive commentary from specialists.

IMAGE: CNN.

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

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