Financial Guru Josh Brown Explains Why Investors Should 'Get Out Of Cash' Right Now
Financial Guru Josh Brown Explains Why Investors Should 'Get Out Of Cash' Right Now
Josh Brown, a prominent financial advisor, has urged investors to "get out of cash."
知名理財顧問Josh Brown呼籲投資者“脫離現金”.
What Happened: The Ritholtz Wealth Management CEO recently shared his thoughts about holding cash. In an interview with CNBC on Friday, Brown said that if one has money that isn't needed in the near future and it doesn't need to be highly liquid, they should move it out of cash.
事件經過：Ritholtz财富管理公司CEO最近分享了自己關於持有現金的看法。在上週五接受CNBC採訪時，Brown表示，如果某人有不需要在近期內使用且並不需要高度流動性的資金，應該將其移出現金。
"I have a message for everyone who is watching this. If you want to know what professionals or at least I should be telling clients right now, is very simple. Get out of cash. Get out of cash. If you have money that you're not using next year, later this year, tomorrow, and it doesn't need to be that liquid, you have. A three-year, five-year, seven-year time horizon on that pool of money, I want you to consider extending duration," he said.
“我想對所有看到這條新聞的人說：如果你想知道專業人士對客戶的建議，或者至少是我現在應該告訴客戶的事情，那就是很簡單的一件事。脫離現金。脫離現金。如果你有不在使用中且不需要高度流動性的資金，你可以考慮延伸現金的時間範圍，比如三年、五年、七年，”他說。
"I'm not asking you to take credit risks. You could do this with treasuries, no problem. But you are going to now see rate cuts, softening in the data. The rate cuts will be justified. I'm not saying you're going to see some sort of massive economic turndown, but I think your days of 5.5% yields risk-free are coming to an end," Brown added.
“我並不是要求你承擔信用風險。您可以使用國債進行此操作，沒問題。但您現在將看到利率上調，數據放緩。降息將得到證實。我並不是說您將會看到某種巨大的經濟衰退，但我認爲您獲得5.5%的無風險收益的日子即將結束，”Brown補充道。
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Brown mentioned that it was very likely that, looking back five years at a portfolio, the smarter bet would have been to "extend those durations," "accept less overnight yield," and have a longer runway to earn more over time.
Brown提到，回顧五年來的投資組合，更明智的選擇是“延長這些期限”，“接受較低的夜間收益”，並有更長的時間賺取更多收益。
"I don't know the exact date. I don't predict interest rate moves. But it feels very likely to me that the smarter bet if you look back five years at a portfolio, the smarter bet would have been to extend those durations, accept less overnight yield but have that runway, so that you earn more over time," Brown said during the interview.
“我不知道確切的日期。我不預測利率走勢。但是，如果您回顧五年來的投資組合，我認爲更明智的選擇是延長這些期限，接受較低的過夜收益，但由此賺取更多的時間。”布朗在採訪中說。
Speaking about ETFs, Brown said, "$90 billion came into ETFs in May. That is roughly a third of all of the inflows for the year coming in in one month. Of the $90 billion that went into ETFs, $60 billion went into equities. $30 billion went into fixed income. Because I think the message is starting to hit home that this is not going to be forever. That's where we are right now. That would be the thing i would say is my biggest takeaway from what we heard this week and what We heard this morning."
在談到ETF時，布朗表示：“5月份共有900億美元流入ETF。這大約是全年流入資金的三分之一，集中在一個月內。這900億美元中，有600億美元投入了股票，300億美元投入了固定收益。因爲我認爲這個信息開始觸達人們的內心深處，他們知道這種現象不會永遠持續下去。這就是我們目前所處的階段，這也是我從本週和今天早上收到的信息中最重要的收穫。”
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Photo: Shutterstock
Photo: shutterstock
譯文內容由第三人軟體翻譯。