No More 'Cash Is Trash': Billionaire Ray Dalio Says Cash Is Good But Only Temporarily — Here's How He's Positioning His Portfolio

In 2020, billionaire investor Ray Dalio famously claimed that "cash is trash." He later elaborated that cash is not safe because "it will be taxed by inflation." But as time passed, Dalio's view on cash has made a U-turn. "Temporarily, right now, cash I think is good ... and the interest rates are fine. I don't think it will be sustained that way," he said at the Milken Institute Asia Summit in Singapore last week. In the U.S., the Federal Reserve has implemented significant interest rate hikes

Related Keywords

Bridgewater ,Limpopo ,South Africa ,Singapore ,India ,Vietnam ,Republic Of ,China ,Brazil ,Taiwan ,Indonesia ,Ray Dalio ,Procter Gamble ,Nasdaq ,Taiwan Semiconductor Manufacturing Co ,Federal Reserve ,Tencent Holdings Ltd ,Exchange Commission ,Samsung Electronics Co ,Pepsico ,Milken Institute Asia Summit ,Cola Co ,Pepsico Inc ,Procter Gamble Co ,Jeff Bezos Backed ,Bridgewater Associates ,Shares Core ,Taiwan Semiconductor Manufacturing ,Tencent Holdings ,Samsung Electronics ,Web Summit ,Benzinga Pro ,Cash Is Trash ,Positioning His Portfolio ,He Federal Reserve ,Taiwan Semiconductor Manufacturing Co Ltd ,Emerging Market Companies ,Ishares Core Msci Emerging Markets Etf ,