Why Ray Dalio says cash isn't as safe of an investment as investors think

  • 📰 CNBC
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

New for subscribers: Why Ray Dalio says cash isn't as safe of an investment as investors think Check out CNBCPro today.

Ray Dalio of Bridgewater Associates speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020.SINGAPORE — Investors have the impression that cash is the least risky asset, but it's actually "not a safe investment," says Ray Dalio, founder of investment firm Bridgewater Associates.he said "cash is trash."

"I think that there's an instinct to think that cash is the lowest risk asset, because it has less volatility, and also because we look at everything through the lens of cash – what is everything in dollars worth," he told CNBC's "Street Signs Asia" on Wednesday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Pro promoting socialism i see

Pro how many people pay for your content?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines