Ray Dalio, the billionaire founder of Bridgewater Associates, is naturally one guru to follow if you are looking to make savvy stock investments.
The macro investor has held almost $8.13 billion of stocks compared to the previous market value of slightly below $6 billion, according to the latest quarterly fillings.
After analyzing his stock-picking strategies and investments in the top large caps, InsiderMonkey.com recently offered five of Dalio's top large-cap picks.
The billionaire investor recommended other investors to learn the stock investing tactics to deal with long-term market cycles.
Five of Dalio's large-cap investmets:
Coca-Cola Company (NYSE: KO): The food and beverage company is a newcomer in Dalio’s portfolio. The hedge fund has bought more than 2 million shares of Coca-Cola during the September quarter valued at $100 million. The investment represents 1.21% of the portfolio.
JD.com, Inc. (NASDAQ: JD): JD.com has been the permanent member of Dalio’s portfolio since the second quarter of 2018. However, Bridgewater Associates have increased its stake in the Chinese e-commerce platform by 20% in the latest quarter. JD.com currently accounts for 1.56% of the portfolio valued at over $129 billion.
Procter & Gamble Company (NYSE: PG): Dalio’s fund invested $170 billion to buy 1.2 million shares of PG. It now represents the ninth largest stock investment, according to the latest filing. Procter & Gamble accounts for 2.05% of overall Dalio’s portfolio.
Walmart Inc. (NYSE: WMT): Dalio has bought $1.3 billion shares of Walmart during the third quarter, making it the seven largest stock investment valued at 195 million. The investment represents 2.35% of the overall portfolio.
Alibaba Group Holding Limited (NYSE: BABA): The Chinese e-commerce platform Alibaba Group Holding is the largest sock investment of Dalio’s portfolio, accounting for 4.72% of the overall portfolio. The investment is valued at $392 million.
Meanwhile, Dalio stressed the importance of diversification in a Reddit Ask Me Anything event last week where he said that a “flood of money and credit” was unlikely to recede.
“Assets will not decline when measured in the depreciating value of money,” the billionaire investor told users of the discussion network who asked for his perspective on where financial markets are headed.
“I believe that with the enormous amount of debt and money that has been created and will be created in the future, the most important thing to pay attention to is the value of debt and money relative to the value of assets and other currencies,” he was quoted by Bloomberg as saying.
As many of you know, I’ve been studying the forces behind the rise and fall of great empires and their reserve currencies throughout history, with a focus on what that means for the US and China today. Many of the things now happening the world... (1/3) pic.twitter.com/JECV5Q9Gwo
— Ray Dalio (@RayDalio) December 8, 2020
Dalio added that he saw no reason that stocks couldn’t trade at 50 times earnings and recommended “smart diversification” among asset classes, currencies and countries.
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