Ray Dalio’s Top 5 Stock Picks for 2021

3. SPDR Gold Trust ETF (NYSEARCA: GLD)

Despite slashing position by 45% in SPDR Gold Trust ETF (GLD) during the fourth quarter, GLD still stands among Ray Dalio’s top 10 stock picks for 2021. After strong gains in 2020, the price of GLD fell sharply since the beginning of this year due to declining gold prices. Managed by World Gold Trust Services, LLC, the GLD fund invests in gold and tracks the performance of the price of gold bullion. Gold prices are under pressure as investors moved their focus towards risky assets including stocks amid prospects for economic recovery.