PAL: There’s ‘something bad on the horizon,’ and the average investor should get out of the way
PAL: There’s ‘something bad on the horizon,’ and the average investor should get out of the way
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The average Joe needs to get out of the markets, former hedge fund manager Raoul Pal says.
"There’s no point in playing right now," Pal, the founder of Real Vision TV and Global Macro Investor, told Business Insider’s Matt Turner on Monday.
Pal previously comanaged the GLG Global Macro Fund in London for GLG Partners, and he now sits down with hedge fund managers, strategists, and market watchers to discuss the big themes in investing in his role at Real Vision TV.
"The narrative coming out [of the interviews] is that something is wrong, that risks are getting higher and higher and higher, and people are getting complacent," he said. "That is coming from everywhere … all the smart guys have come on and said, ‘Be careful.’"
Business Insider asked Pal what the average investor should do to prepare.
"For the average guy, just hear the drumbeat," he said. "The drumbeat is the same as 2007 or 2000, which is listen, be careful, something bad is on the horizon."
Watch Business Insider’s full interview with Raoul Pal below:
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- PAL: There’s ‘something bad on the horizon,’ and the average investor should get out of the way
SEE ALSO: RAOUL PAL ON US ELECTION: ‘Volatility is way too low’
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October 30, 2016 at 09:45AM
