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Ray Dalio says 'cash is trash' and advises investors hold a global, diversified portfolio
Ray Dalio, founder of investment firm Bridgewater Associates, said on Tuesday that he thinks investors shouldn’t miss out on the strength of the current market and they should dump cash for a diversified portfolio. “Everybody is missing out, so everybody wants to get in,” Dalio said, speaking to CNBC’s “Squawk Box” at the World Economic Forum in Davos, Switerzland. Dalio advised having a global and well-diversified portfolio in this market and said the thing people can’t “jump into” is cash. “Cash is ...
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- Jan 21, 2020 11:28am Jan 21, 2020 11:28am
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DSilvers
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Beware of robber banks (RB), bad advisors. ![](https://resources.faireconomy.media/images/emojis/64/1f609.png?v=15.1)
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Beware of robber banks (RB), bad advisors. ![](https://resources.faireconomy.media/images/emojis/64/1f609.png?v=15.1)
![](https://resources.faireconomy.media/images/emojis/64/1f609.png?v=15.1)