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

Business

(CNN)–.

Investors should think about taking a stake in utilities, and decreasing their investments in more unstable tech stocks, he said.

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

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

Its time for investors to start making more secure bets.

” Im not saying get out,” he said. “I think that being out of the market is pretty dangerous today, and I believe it would be an error to raise money.” More reliable stocks can safeguard financiers from huge losses if the environment changes.

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

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

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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.

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

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

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

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