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Ray Dalio says cash is not a safe place right now despite heightened market volatility
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cnbc.comBridgewater Associates' Ray Dalio stood by his belief that cash is not the place to be despite the volatility in the markets triggered by the new omicron Covid variant.
«Cash is not a safe investment, is not a safe place because it will be taxed by inflation,» the founder of the world's biggest hedge fund said Tuesday on CNBC's «Squawk Box.»
During turbulent times, it's also important to be in a safe, well-balanced portfolio, the billionaire investor said.
«You can reduce your risk without reducing your returns. You will not market-time this. Even if you were a great market timer, the things that are happening can change the world, so it changes what could be priced into the market,» Dalio said.
The omicron Covid strain, first identified in
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