Cash Is Trash Says Ray Dalio ... Jamie Dimon is worried about negative rates ...
Ray Dalio founder of Bridgewater Associates was in Davos this week. Bridgewater manages about $160 billion of assets under management. He thinks investors should not miss out on the strength of the current market. "With too much money still on the sidelines, investors should dump cash for a diversified stock portfolio", with a little gold on the side.
"Cash is trash" Dalio said. "Get out of cash there is still a lot of money in cash". You have to balance with a certain amount of precious metals in the mix.
Meanwhile, Jamie Dimon is worried about negative rates ... Check out the latest update here ...
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