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

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Investors need to consider taking a stake in utilities, and reducing their financial investments in more volatile tech stocks, he stated.

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

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

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

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

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

” Im not saying get out,” he stated. “I think that being out of the market is pretty hazardous today, and I believe it would be a mistake to raise cash.” More trusted stocks can safeguard investors from huge losses if the environment changes.

(CNNMoney)–.

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Its time for financiers to start making more secure bets.

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

” Im not stating get out,” he said. More trusted stocks can safeguard financiers from huge losses if the climate changes.

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