With March marking a full year since the beginning of the financial volatility of the pandemic and resultant lockdown policies, DoubleLine’s Ken Shinoda welcomes the firm’s Deputy Chief Investment Officer, Jeffrey Sherman, to Channel 11 News to discuss where the markets stand 12 months later. In the second part of their two-part episode, recorded March 25, 2021, Messrs. Shinoda and Sherman discuss, among other topics, the credit markets, COVID-19 as the Great Accelerator of financial trends, value stocks, what the U.S. dollar dropping would mean for cryptocurrency and Mr. Shinoda’s potentially $1 million idea for making an NFT out of The Sherman Show podcast. In regard to Bitcoin, Mr. Sherman says that if you have FOMO over the cryptocurrency, “you don’t have to go all in. You don’t have to sell your house and buy Bitcoin. You can go buy one, go buy a fraction of one.” Mr. Shinoda says he always gives the same advice to people who ask him about Bitcoin: It’s OK to own it as a small percentage of your portfolio but “be prepared for it to go to zero.”
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