Release Date:- 2005-04-22
Reviews Counts:- 54
User Average Rating:- 4
Availability:- In Stock
Kind:- ebook
Even after repeated boom and bust cycles on Wall Street, itās still possible to make real money in the stock marketāprovided investors take a disciplined approach to investing. Personal finance expert, bestselling author, and host of CNBCās Mad Money Jim Cramer shows how ordinary investors can prosper, no matter the climate on Wall Street.
How do we find hot stocks without getting burned? How do we fatten our portfolios and stay financially healthy? In Jim Cramerā s Real Money, financial expert Jim Cramer explains how to invest wisely in chaotic times, and he does so in plain English in a style that is as much fun as investing isāor should be, when itās done right.
For starters, Cramer recommends devoting a portion of your assets to speculation. Everyone wants to find the big winners that can bring outsized gains, and Cramer explains how to allocate your portfolio so that you can afford to take this kind of risk wisely. He explains why ābuy and holdā is a losing philosophy: For Cramer, itās ābuy and homework.ā If you canāt spend an hour a week researching each of your stocks, then you should hand off your portfolio to a mutual fundāand Cramer identifies the very few mutual funds that heād recommend.
Cramer reveals his Ten Commandments of Trading (Commandment #5: Tips are for waiters), explains why heās not afraid to compare investing to gambling (and tells you which book on gambling you should read to become a better investor), and discloses his Twenty-Five Rules of Investing (Rule #4: Look for broken stocks, not broken companies).
Detailed yet approachable, Cramer shows how to compare stock prices in a way that you can understand, how to spot market tops and bottoms, how to know when to sell, how to rotate among cyclical stocks to catch the big moves, and much more. Jim Cramerās Real Money is filled with insider advice that really works, information that Cramer himself used to make millions during his fourteen-year career on Wall Street. Written in Cramerās distinctive turbocharged style, this is every investorās guide to what you really must know to make big money in the stock market.