Investors Bill Gross and Jeffrey Gundlach say to sell stocks, bonds, and almost everything else except gold
WRITTEN BY Eshe Nelson
QZ.com
August 03, 2016
Two of the financial world’s most high-profile, outspoken investors, Bill Gross and Jeffrey Gundlach, have some eye-catching advice for investors.
“I don’t like bonds; I don’t like most stocks; I don’t like private equity,” Gross, a fund manager at Janus Capital once known as the “bond king” of Pimco, wrote in his monthly investment outlook for August.
Gundlach, who manages more than $100 billion in assets at DoubleLine Capital, was even more direct in an interview with Reuters at the end of last week: “Sell everything.”
Both investors say that gold, the traditional safe haven that investors turn to when anxiety is high, is a better bet these days, even as prices are currently at their highest levels in more than two years:
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