Product Description How do we find hot stocks without getting burned? How do we fatten our portfolios and stay financially healthy? Former hedge-fund manager and longtime Wall Street commentator 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 is -- or should be, when it's 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 "buy and hold" is a losing philosophy: For Cramer, it's "buy and homework." If you can't spend an hour a week researching each of your stocks, then you should hand off your portfolio to a mutual fund -- and Cramer identifies the very few mutual funds that he'd recommend.
Cramer reveals his Ten Commandments of Trading (Commandment #5: Tips are for waiters). He explains why he's not afraid to compare investing to gambling (and tells you which book on gambling you should read to become a better investor). He discloses his Twenty-Five Rules of Investing (Rule #4: Look for broken stocks, not broken companies).
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 Cramer's 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 Cramer's distinctive turbocharged style, this is every investor's guide to what you really must know to make big money in the stock market.
Excellent for the beginner Daytrader November 16, 2008 Unlike his negative review onair, his book explains in simple terms how and what to do for trading and investing. Good book for the beginner trader like myself. :P MUST BUY. Serious product.
Laura from San Mateo November 5, 2008 This book is bold, informative, and well written. It feels like I've gone to college and found a fantastic professor that knows how to teach the subject well. He does not assume you already know everything. You will understand why stocks are priced the way they are, how to buy stocks without getting ripped off, how a company goes public and begins to sell stock, how to know enough about where a stock is going to make your own informed decisions. I've always wanted to get my feet wet in the stock market, but never felt confident enough. Now I'm swimming with the big fish! Buy this book.
Important Read October 14, 2008 This book contains valuable information for managing your money and the do's and don'ts for investing.
I own every book of this Authors and can tell you he's one of the best! October 14, 2008 0 out of 1 found this review helpful
This guy is nothing short of a genius in my opinion, I've purchased all of his books I'm pretty sure and have NEVER been dis-appointed with them. He's a 5 STAR AUTHOR all the way.
Believe it or not, Cramer can make you a better investor. September 7, 2008 Having read several investment books, this book is a much needed shot in the arm in that it opens the doors to the type of independent thinking that the mutual fund industry doesn't want individual investors to engage in. Cramer's book encourages readers to move beyond what may be an effective but somewhat restrictive investment philosophy, and utilize several strategic approaches to building wealth in stocks. I never could have guessed that Cramer could do so much to help me see investing in a different light and ultimately help me understand investing much better.
