rtmark
LearnBonds.com

Billionaire investor Howard Marks: This is no time for defense

Howard Marks

Billionaire Howard Marks (pictured) said the stock market turmoil thrown up by the coronavirus allows investors to get on the front foot.

“Given these new conditions, I no longer feel defense should be favored,” said the co-founder investment firm Oaktree Capital, in the latest of his memos to shareholders that are widely read on Wall Street.

Stalling economic activity around the world has caused stock markets to fall presenting investment opportunities to pick up company shares cheaply. Marks points out that potential returns are rising, specifically citing the typical yield for high-yield bonds rising from 3.5% to about 9%. He adds that prices for riskier assets have dropped as most investors avoid these stock, presenting an opportunity.

Marks said: “I feel it’s a time when previously cautious investors can reduce their overemphasis on defense and being to move toward a more neutral position or even toward offense (depending on how sure they want to be of grasping early opportunities). I’m not saying the outlook is positive. I’m saying conditions have changed such that caution is no longer as imperative.”

He added: “The bottom line for me is I’m not at all troubled saying (a) markets may well be considerably lower sometime in the coming months and (b) we’re buying today when we find good value,” he wrote. “I don’t find these statements inconsistent.”

Marks has an estimated net worth of $2.2bn. Born and raised in Queens, New York, he graduated from the prestigious Wharton School of Business to later on pursue a career in finance, specializing in distressed debt during his time working for the California-based asset management firm TCW Group.

Howard, along with four other partners, founded his own asset management firm Oaktree Capital in 1995, which currently manages more than $100bn in assets, specializing in alternative investments such as distressed debt and private equity.

Trusted & Regulated Stock & CFD Brokers

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Galina Mikova

Galina is a Hubspot-certified Technical Writer with over 10 years of experience in working with Fortune 500, private investment, banking, FOREX and niche tech companies as well as crypto and blockchain startups. She has a solid background in FinTech and blockchain technology.