Free Ebook Jim Cramer's Real Money

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Free Ebook Jim Cramer's Real Moneyy

Synopsis

This work offers a summary of the book 'JIM CRAMER'S REAL MONEY: Sane Investing in an Insane World' by James Cramer.James Cramer is an acknowledged expert in investment. He hosts the US nationally syndicated radio program, Real Money, a columnist for New York magazine and a market commentator for CNBC. Previously, he was an extremely successful hedge fund manager. In Jim Cramer's Real Money, he takes the reader through his investment philosophy.Cramer warns readers to beware of people giving universal rules, because they aren't any: instead, realize that your strategies will be personal to you and dependent on your (changing) goals. The rules of trading and the rules of investment are different, but most people fail to make the distinction. He takes the reader through the best strategies for both approaches. For example, he recommends that when you buy for trade, sell once your scenario has played out, whether you are in profit or loss; but if you buy for investment, you will hold on for longer. Cramer explains how to research, how to limit your losses and how not to fall into fashion trading traps. He suggests diversification and flexibility, and gives warning signs every investor should look for. Jim Cramer's Real Money is a blueprint that everyone can follow, and a guidebook that every savvy investor should read, digest and keep.

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Jim Cramer's Real Money

posted Oct 15, 2009, 9:02 PM by Sleeping Phoenix
After telling the story of his own trading days in Confessions of aStreet Addict, Cramer appeases fans hoping for advice on how toduplicate his success with their own investment portfolios. But notwithout some strong caveats: his approach requires devoting at least anhour a week to educating yourself about each stock you own. But sincemost pros are 'rank amateurs themselves,' anyone willing to do the workshould consider getting in. Cramer breaks down the fundamentals of hisinvestment approach, built on the twin principles of diversificationand speculation: while most of your portfolio should contain reliableslike oil, financials and blue-chip companies, 20% percent of your moneyshould go toward a slightly riskier bet on a company's future ('owninga stock is a bet on the future, not the past'). He also explainstechniques for figuring out when to buy rock bottom stocks and sell theones that have hit their peaks. Cramer drills his main points over andover, which can get repetitive on the anecdotal level but reinforcesthe simplicity of his message: investing is for anybody willing to putthe time into learning how to do it right. His enthusiasm should proveinspiring, and even investors on the wrong side of Wall Street's recentshakeups may find the courage to get back in the game. Either way,Cramer's radio, TV and print platforms are sure to make this oneanother hit.