Jim Cramer's Mad Money Review
Ten things every investor should know in order to make "Mad Money":
- Hubris is not a good investment strategy. If your portfolio is very volatile, you are taking too much risk. Only speculate with 20% of your portfolio.
- Don't take on enormous amounts of debt when trading. It is very reckless to go on margin, it's just too risky. Cut it back as soon as possible.
- Don't think that you know more than the market. All markets are too big to be manipulated by long term.
- If with a money manager, make sure you know where your money is going.
- Make sure your money manager is diversified. No more than 20% in one sector.
- Know who your manager actually is. Do research on him/her, how old (With age comes wisdom). Look for manager who has made money in bad markets.
- Even the professionals get fooled, therefore protect yourself.
- You have to take control of your own financial destiny. Diversification is the key to success.
- Don't try to predict the unpredictable such as weather. Basing investments on weather is not a good idea. Betting has no place in this game.
- Take profits while having them. They are just pieces of paper, do not become too attached.
Time Warner Inc. (TWX) is not done going up. They are bringing out the cable and the stock is gonna go to $26 a share. Get in now.
Lightning Round
Bulls: JNJ, BOBJ, CROX, GLW, AAPL, LVLT, VZ, NOK, MOT, CMCSA, OS
Bears: ZMH, TQNT, NYX, IKAN, PFE, SNDK, PTEN
Northstar Neuroscience Inc. (NSTR) is a very speculative play but make sure no more than 20% of your portfolio
Sudden Death:
Buy: AVY, SCHW (likes whole sector)
Sell: RTK
posted by Stock Administrator @ 9:06 PM
Jim Cramer's Mad Money Review
Ten things every investor should know in order to make "Mad Money":
- Hubris is not a good investment strategy. If your portfolio is very volatile, you are taking too much risk. Only speculate with 20% of your portfolio.
- Don't take on enormous amounts of debt when trading. It is very reckless to go on margin, it's just too risky. Cut it back as soon as possible.
- Don't think that you know more than the market. All markets are too big to be manipulated by long term.
- If with a money manager, make sure you know where your money is going.
- Make sure your money manager is diversified. No more than 20% in one sector.
- Know who your manager actually is. Do research on him/her, how old (With age comes wisdom). Look for manager who has made money in bad markets.
- Even the professionals get fooled, therefore protect yourself.
- You have to take control of your own financial destiny. Diversification is the key to success.
- Don't try to predict the unpredictable such as weather. Basing investments on weather is not a good idea. Betting has no place in this game.
- Take profits while having them. They are just pieces of paper, do not become too attached.
Time Warner Inc. (TWX) is not done going up. They are bringing out the cable and the stock is gonna go to $26 a share. Get in now.
Lightning Round
Bulls: JNJ, BOBJ, CROX, GLW, AAPL, LVLT, VZ, NOK, MOT, CMCSA, OS
Bears: ZMH, TQNT, NYX, IKAN, PFE, SNDK, PTEN
Northstar Neuroscience Inc. (NSTR) is a very speculative play but make sure no more than 20% of your portfolio
Sudden Death:
Buy: AVY, SCHW (likes whole sector)
Sell: RTK
posted by Stock Administrator @ 9:06 PM
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