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

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” Im not stating get out,” he said. “I think that being out of the marketplace is pretty dangerous today, and I think it would be an error to raise cash.” However more reputable stocks can safeguard financiers from huge losses if the climate changes.

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

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

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

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

PHOTO: CNN.

Stocks have actually been soaring, Marks alerted that we might be nearing the end of the bull cycle.

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” We have a trade battle with China, its probably going to get fixed, but it may go off the rails,” he stated. “And if it goes off the rails, it has very serious consequences for the world economy.”.

” Im not saying get out,” he said. More reliable stocks can secure financiers from huge losses if the environment modifications.

Its time for financiers to begin making much safer bets.

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

(CNNMoney)–.

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

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

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