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Friday, July 1, 2022

Dalio: Cash ‘Isn’t Safe, Because It Will be Taxed by Inflation’

Stocks may be dropping like a rock Tuesday, but that doesn’t mean you should increase your cash allocation, says hedge fund legend Ray Dalio, founder of Bridgewater Associates.

“Cash is not a safe investment, is not a safe place because it will be taxed by inflation,” he told CNBC. 

Money-market funds yield as little as 0.01%, while consumer prices skyrocketed 6.2% in the 12 months through October, the biggest annual gain in more than 30 years.

What Dalio recommends is a tried-and-true balanced portfolio.

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