Mad Money: Key points from March 12, 2024 (Tuesday) Episode =Cramer’s Guide to Investing (Part 2)=

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      CNBC “Mad Money w / Jim Cramer”  broadcast on Tuesday, March 12, 2024 was a rerun of Wednesday, August 30, 2023. Therefore, links to the CNBC site where the video clip and transcript (in English) of August 30, 2023 (Wednesday) are listed again below.

       

      (1) Jim Cramer’s guide to investing: Know the stocks that match your needs (https://www.cnbc.com/2023/08/30/jim-cramers-guide-to-investing-know-the-stocks-that-match-your-needs.html)

      • CNBC’s Jim Cramer said investors should understand which stocks are most suitable to their individual needs before they buy.
      • “I want you to ask yourself, what is your tolerance? How much risk do you want out of a stock?” Cramer said.

      “Cramer’s Key Concept: Suitability – What investments are right for you?”

      “Cramer’s Key Concept: Caveat Empotor (Latin): ‘Buyer Beware'”

      “Bottom Line: By the end of the show you’ll know what suits you and what doesn’t.”

       

      (2) Jim Cramer’s guide to investing: Start investing for your newborn (https://www.cnbc.com/2023/08/30/jim-cramers-guide-to-investing-start-investing-for-your-newborn.html)

      • CNBC’s Jim Cramer explained the basics of saving for children as soon as they’re born, recommending index funds and high-quality growth stocks.
      • “Don’t put this off. This must be done at the earliest moment to get the most time involved for your brand new loved one,” he said. “No one has ever regretted saving for their kids too early.”

      “Bottom Line: When a child is born set up an UGMA account with index funds and stocks.”

       

      (3) Jim Cramer’s guide to investing: How to get kids involved with investing (https://www.cnbc.com/2023/08/30/jim-cramers-guide-to-investing-how-to-get-kids-involved-in-investing.html)

      • CNBC’s Jim Cramer explained how to teach children about stock investing in simple and fun way.
      • He suggested parents buy their children a few stocks from companies that make products they might recognize.
        Cramer’s Guide to Investing – getting your kids involved -: Get your kids interested in stocks

      “Cramer’s Guide to Investing: Get your kids interested in Stocks.”

      “Cramer’s Guide to Investing – getting your kids involved -: Start with a few shares in relatable name brands.”

       

      (4) Jim Cramer’s guide to investing: Listen to your teenagers (https://www.cnbc.com/2023/08/30/jim-cramers-guide-to-investing-listen-to-your-teenagers.html)

      • CNBC’s Jim Cramer said investors can get tips from their teenage children who may have trendy insight their parents do not.
      • As teenagers, Cramer’s daughters helped him identify stocks he feels are winners, such as Domino’s and Apple.

      “Cramer’s market wisdom: Don’t tell the teens what to buy… let them tell you.”

      Ticker: DPZ, AAPL, GOOGL

       

      (5) Jim Cramer’s guide to investing: How to invest as you get older (https://www.cnbc.com/2023/08/30/jim-cramers-guide-to-investing-how-to-invest-as-you-get-older.html)

      • CNBC’s Jim Cramer gave advice on how best to invest as you age.
      • “It’s your life, not mine,” he said. “So get comfortable with what you can live with. But risk, at least until your middle years, should remain a friend.”

      “To know thyself is the beginning of Wealth” (by Jim Cramer)

      Investing through your life
      College Grad 1st $10k in an Index Fund; rest in risky individual stocks
      Late 20s Gauge your risk: What will you do in a sell-off?
      30s Start investing for income
      40s Introduce bonds
      60s Take up bonds every decade, starting about 50%

      “Bottom Line: Risk, at least until your middle years, should remain in a friend.”

       

      (6) [No Video Clip for non-Club members] Jim Cramer and Jeff Marks answer viewer questions (https://www.cnbc.com/video/2023/08/30/jim-cramer-and-jeff-marks-answer-viewer-questions.html)

      • In a losing position, what is the difference between being stubborn or taking the loss and them revisiting? –> in broken companies and broking stocks, you need to identify if the issue on had is structural issue at industry level or not, if so you are stubborn if hold on too long. But it could present a good buying opportunity if you stick with it and the company can fix it
      • I do not buy or sell unless Cramer said anything about the stock –> you use us as one of the resources, you should check, we are input, doing homework, how to do homework, we are guiding hand
      • We have a 30 year plus time horizon, we inherited some money we don’t need to live on. Do you advise against investing 20-25% of that money into the S&P and the rest in stocks/bonds –> stock yes, bond no
      • suitability in general on long-term treasures for retired investor — I want you to be in Utility, cash cow, dividend paying stock

       

      Other Advices Discussed (calls with audience): 

      • How often you look at RSI & MACD [I look at them all the time, that’s why I have off-the show episodes],
      • IRA Ok to take profits and leave cash [I like to let it run],
      • what’s the best way to go about investing for your children?
      • Is it a smart move for investors to have majority of their cash in treasury bonds (5% yield) –> No, because 6 month from now the rates might be go lower, but stock market is far exceeded in a long term. You should take a long term view and dividend paying stocks
      • Best resource for studying chart analysis and how much to study chart and fundamental (how important is it for an investor to rely & learn about technical analysis) [all the great people, like Larry Williams have website, also in my last book, Rich Carefully, I spent one chapter about the technical analysis]

       

      Ref: Links to other sites that relate to episode of March 12, 2024

      Disclaimer

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