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A must for any investor
Now, keep your laptop near by if you are the type of stockpicker who never looks at stock details. Various terms will be introduced and you might need to look those terms up as you read. However, Cramer's theory appears understandable. In summary, you must always 1. be diversified, 2. be aware of market conditions (no each company you invest in), 3. be aware of the price and earnings, but more importantly the multiples, 4. watch the fed and stay ahead, 5. keep your eyes open in the consumer market place, and 6. be aware of GDP. Cramer at last allows for speculation. All this can be done with 5 simple stock picks and money can be made. I continue to read more details and hope Mr. Cramer knows what he is talking about. However, logic 101 states: "Always know who your sources are." I have watched Mr. Cramer on TV and know he has made much money. Therefore, it is better to bet on him than many other talking heads you encounter. Mr. Cramer, one reader is listening and willing to trust you as my source for picking the winners and well as the long shots.
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