Saturday, May 31, 2025

Latest

Ray Dalio Changes His Mind: Cash Isn’t Trash Anymore, At Least For Now

Shortly before he announced his retirement from hedge fund Bridgewater Associates yesterday morning, Ray Dalio had a change of mind. He tweeted that he no longer thinks that “cash is trash,” after referencing a John Maynard Keynes quote.

The founder of the world’s largest hedge fund noted that while it’s still “neither a very good or very bad deal,” the short-term interest rate is “now about right.” 

Dalio is famously known for warning people against holding cash. He has, for years, urged investors to diversify their portfolios.

In an interview with CNBC Tuesday at the Davos World Economic Forum in May, he urged people to stay away from cash and stocks and recommended “real-return assets” as the best investments.

“Of course, cash is still trash,” the billionaire investor said. “[Do] you know how fast you’re losing buying power?”

Dalio’s U-turn indicates a huge change in the markets. Citigroup said last month that the US dollar, which has had a remarkable performance in 2022, is the only asset investors could use as a hedge against recession this year.

The dollar index has gained around 16% this year, shattering 20-year records. Analysts say that it’s likely to remain strong for the rest of the year.


Information for this briefing was found via Twitter, Fortune, and Bloomberg, and the sources and companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

B2GOLD Q1 Earnings: Revenue Up, Production & Cash Flow Decline

Recommended

Canadian Copper: The $172M Combined Strategy PEA

ESGold Begins Concentration Tests Ahead Of First Production

Related News

Ray Dalio: If Cryptocurrencies Succeed, Regulators Will ‘Kill it’

Famed investor Ray Dalio has warned that governments will destroy crypto markets if bitcoin gains...

Thursday, September 16, 2021, 11:40:00 AM

CIBC: Strengthening Canadian Dollar Poses Serious Implications for Canada’s Exporting Sector

As the US dollar continues to weaken amid unprecedented fiscal and monetary measures taken by...

Saturday, January 9, 2021, 11:44:00 AM

Gold Price Is The US Dollar’s Enemy – The Daily Dive feat Russell Starr of Trillium Gold

Returning to the Daily Dive is Russell Starr of Trillium Gold (TSXV: TGM), whom sits...

Monday, December 14, 2020, 01:00:00 PM

Ray Dalio: US Headed for a Housing Bubble Amid Low-Interest Rates, High Liquidity Economic Landscape

Ray Dalio, founder of Bridgewater Associates, has revealed his take on the current economic landscape...

Thursday, July 1, 2021, 05:23:00 PM

Norway Bucks Cashless Trend With New Payment Legislation

Norway implemented new legislation on October 1, strengthening consumers’ right to pay with cash. This...

Tuesday, October 8, 2024, 12:31:39 PM