El-Erian says he wouldn’t buy into market yet, but offers a plan for those who feel they must

Mohamed El-Erian said Wednesday he would be hesitant to put cash to work, arguing the stock market is still on a downward trend due to the coronavirus pandemic.

But he offered a roadmap for investors who feel inclined to add to their portfolios.

“Whatever cash you have, divide it over five installments,” El-Erian said on CNBC’s “Squawk Box,” suggesting dollar cost averaging into the market…

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