Ray Dalio: 'Cash is STILL Trash'

Why Cash is Trash Ray Dalio, founder of the massive Bridgewater Associates investment firm, has been railing against cash all year long, and he doubled down on his stance on Wednesday, telling CNBC that, even amid all the stock market turmoil, it’s “not a safe investment” at this point. Dalio explained in the interview 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.” But he doesn’t see it that way. Back in late January, Dalio made a similar call, saying “cash is trash,” which led to plenty of backlash amid reports that his flagship Pure Alpha Fund II was down double-digits as the broader market took a tumble. He stuck to his guns a few months later in a question-and-answer session on Reddit in April, even as the coronavirus pandemic cast dark clouds over the fate of the stock market. “I believe that increasingly there will be questions by bondholders who are receiving negative real and nominal interest rates, while there is a lot of printing of money, about whether the debt assets they are holding are good storeholds of wealth,” he said at the time. “I believe that cash, which is non-interest-bearing money, will not be the safest asset to hold.” Original Video: https://youtu.be/yrxYhv2O3wU -------------------------- FOR MORE: My Course: https://www.udemy.com/course/financial-tips-for-busy-people/?referralCode=05AB51EB1BD6A69119E4 Subscribe to the Blog Newsletter for our FREE E-book on Introduction to Investments: https://compoundimprovements.com/newsletter