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

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Its time for financiers to begin making more secure bets.

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

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Thats what Howard Marks, co-chairman of Oaktree Capital, told 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 thoroughly.

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

Financiers must think about taking a stake in utilities, and decreasing their investments in more unstable tech stocks, he stated.

” Im not saying go out,” he stated. “I think that being out of the marketplace is quite harmful today, and I think it would be a mistake to raise cash.” More reputable stocks can protect investors from big losses if the environment changes.

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

” Defense is more crucial than offense” right now, said Marks, the author of “Mastering the Market 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 organization correspondents, the 15-minute program functions incisive commentary from professionals.

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

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