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…
See also Cramer: Dominant US companies hold up in ‘winner-take-all’ stock market during the pandemic
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