10 Best Dividend Stocks According to Billionaire Ray Dalio
Raymond Thomas Dalio, popularly known as Ray Dalio, runs Bridgewater Associates, one of the largest hedge funds in the world. Dalio worked at Dominick & Dominick LLC and the New York Stock Exchange before founding Bridgewater Associates, the fund through which he earned his billionaire status.
He earned a $2 billion compensation for his role in Bridgewater’s success in 2018, during which the fund registered a 14.6% return on investments. The hedge fund manages a $150 billion portfolio and has so far earned more than $46.5 billion since its inception. However, sustaining profits hasn’t been easy for Dalio amid the increasing financial volatility. For example, Bridgewater lost $12.1 billion in 2020, which is normal considering the economic downturn. But Dalio’s hedge fund has started to see a recovery. The fund’s current market value is $11.56 billion, which is higher than the $8.315 billion market value in the previous year. Its Q4 portfolio consists of 169 newly purchased stocks, 233 stocks in which it has added stake, while it sold 74 stocks and reduced its stake in 122 stocks. Bridgewater registered 8.21% growth in Q4 2020 and 16.03% growth in the last four quarters.