“There is little money to be made almost anywhere in the world — Covid 19 vaccine or no,” wrote Gross, who co-founded Pacific Investment Management Co. and later worked for Janus Henderson Group Plc.
Gross favors value stocks that pay healthy dividends, and says investors should consider using leverage to amplify returns. Central banks are unlikely to raise interest rates in the foreseeable future, lowering the risk a leverage trade would backfire, Gross said in an interview on Bloomberg television Monday. “You’ve got to lever,” he said. “You’ve got to be able to borrow.”