Investment Wizard Ray Dalio urges all investors to dump cash for a diversified portfolio, explaining that they should not miss out on the strength of this long running Bull market.
“Cash is trash,” Mr. Dalio said on TV. “Get out of cash. There’s still a lot of money in cash (on the sidelines),” he said.
“Everybody is missing out, so everybody wants to get in,” the founder of investment firm Bridgewater Associates said.
Mr. Dalio advised having a global and well-diversified portfolio in this market and said the thing people cannot “jump into” is cash.
Barron’s annual Roundtable of 10 veteran investors and economists agree that there is almost no chance of a recession this year.
The roundtable’s view of stocks is decidedly optimistic.
The Trump Policies are working.