Monday 3/5, Marc was on CNBC discussing how an investor should allocate his or her portfolio in the face of a stock market correction he thinks is coming in the short term. After today's crazy market drop, we now have a better understanding.
He also said, "I think investors misunderstand what is risk , I think it is highly risky to have all your money in cash, if I did not have anything today , I will invest right away little bit in equities little bit into properties and little bit into gold and accumulate every month."
He perfectly explained it. In this market, we need to own something. There is risk owning 100% cash or T-products. Refer to LMP series for my approach.
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