Rules that beyer created that cramer thought was important 1 If you only learn from mistakes you will not repeat them 2 Only go to the tracks where there aren't lots of good players so you can clean up 3 Only bet on situations where you have total conviction It takes homework to be a trader.
This chapter also discusses some of the things that happen when you are going to have an ipo. Multiples are often set improperly for small lesser known companies. When the economy turns down debt can be a real killer. Some investing basics This chapter discusses the idea of where your portfolio may want to be depending on risk and age. Although he certainly says that even early on some of your cash should go to retirement investments. Speculation is part of the key to his achievements.
As time goes on you have to shift your focus so that you can live well as time passes. Separate your speculative pool from your retirement pool. Diversification is the only free lunch on wall street.
At least five stock for diversification and one hour per week with those stocks for homework. Make sure you are investing in viable companies before you measure growth. Long term growth to determine purchases vs dollar amounts. Shared ideas cramer and buffett both follow the paper buffett cramer and soros look for their inadequacies and change in situations buffet and cramer believe in homework and keeping up with whats going on.
Spotting moves before they happen This chapter talked about the specifics of a one point move and its exactly what you think its a large purchase by large brokerages or other people with large amounts of assets buying a large amount of assets.
Market dislocation and fully valued sectors. Looking for big moves when you are looking for these moves you are focusing on the paper and the paranoia of the people. The psychology and the psychology of fear and the game that is generated by the psychological factors that make people make bad decisions because they are not keeping it together under stress and duress.
Different techniques and rules cramer uses for each cohort and discuss. Rotational catalysts shift group to group depending on macro backdrop. Cyclical buy and sell chart on pg Spotting Tops Look for tops and sell before tops so that you don't kill your market appreciation. Competition caps companies as well as taking from them if a move happens in the other players zone.
When ever management is vague it is a top because management wants to show off good results. Over expansion a company cannot handle its growth this causes a top. Government blindside, this happens when the gov changes rules and you get unexpected consequences. When retail cannot expand any more it hits a top. Fad stock tops occur when the fad is depleted of its energy and it's not going to go anywhere from there. Accounting mayhem things with the books seem cooked you have to get out.
The grilled egg top you have to leave because its to hot and being in to long with force loss. Sep 19, Greg Kopstein rated it really liked it. Booyah to Jim Cramer for writing this book. Feb 16, Kyle Brown rated it really liked it. It's hard to rate this book after immediately reading it, mainly because this is the type of book that you read and then go do.
And after you do what the book recommends, you can give it some time and truly evaluate. However, there's a lot of solid ideas in this book for the novice stock investor and Cramer is different in many respects to your typical stock guru. This book is also 10 years old from the time I read it, so the examples he gives are of course dated and we didn't know in what sort of calamity awaited the markets in Something interesting I found in the very last chapter as he discusses shorting and options as "advanced strategies", he never mentions selling call options on stocks you own.
He talks some about buying calls to get in on positions when you don't have the cash to buy the stock outright, but never mentions selling the call options when you own the stock.
To me, this was a miss on his part - although you can't provide every strategy known to man in this short book. Selling the call options is a very conservative way to make some extra cash flow on your stock positions since the worst thing that can happen if the option is exercised is you have to sell your stock at a higher strike price than when you sold the call originally. Jun 01, Rahim rated it it was ok. Really disappointed in this book. The book is very dated and he is just bragging about himself most of the time.
Far too much jargon and not enough real content. Sad because I find that beneath his entertainment act in TV, he does have solid advice. This book didnt convey that. Newbie investors will like it - he makes it seem too easy and trivializes it as a game. Although he does caution often about the risks, it gets lost in rest of the content.
Watch his show rather than waste time reading th Really disappointed in this book. Watch his show rather than waste time reading this. Mar 20, SteveR rated it liked it Recommends it for: investors. Shelves: investing-finance. Jim Cramer is loud and a madman on his TV program. You might not like his style, but this book is a good guide for investors or those interested in learning about buying stock.
According to Cramer it's "not buy and hold" when it comes to stock. It's "buy and homework. May 04, Gray. K rated it it was ok. This book had a very interesting idea of how to invest but to me I feel it was just to hard to understand the basics of the investing going on in this book.
I need the book to go in depth on were to invest money and how instead of listening to technique to make more. You need more background information before you can do those technique therefore this book was hard for me to understand.
If this book described the basics of investing I would like it much more. Jan 09, John Stone rated it it was ok. Unfortunately, this did very little to make the reader a "real" investing guru. I wasn't convinced that you can get rich quick nor understand stock market details well enough to attempt it. Invest for the long term in mutual funds that index the market. Jan 29, Paul Banik rated it really liked it. It offered a lot of practical advice about investing.
It's the first book I read of his. I will probably buy more of his books eventually, but there are other books I need to read first. Mar 07, Tim Owens rated it liked it. I've read a lot of investing books and this one is not one of the best. His first book Mad Money is better for an investor like me. It was surprisingly interesting. Very informative. Jul 03, Juli rated it it was ok Shelves: non-fic-bingo While there were takeaways from Jim Cramer's Real Money that may ultimately prove themselves valuable, overall I was disappointed with the experience of reading this book.
In the first chapter, Cramer raves about how he is writing a book so that normal people can understand the secrets to getting crazy rich, but then in later chapters, he explains things only vaguely, assuming you have a deeper, pre-existing knowledge of the details than a "normal person" would have. He spends lots of time hammer While there were takeaways from Jim Cramer's Real Money that may ultimately prove themselves valuable, overall I was disappointed with the experience of reading this book.
He spends lots of time hammering his tenets of investing, and berating others who don't follow his path, but doesn't really deeply explain the concepts he is laying out. I feel like this book would better target someone who is just starting out as a Wall Street trader, as opposed to a "normal person".
Read more of my thoughts about this book, and suggestions for alternate books for beginners to read. I've been investing for years now, occasionally active on my own but mostly passively through a fiduciary. Lately I've gotten more interested in being active again so decided to give this a read. Wow, you really don't know what you don't know until you do some digging. This book covers several aspects of investing I hadn't considered seriously before.
Not that I would do a lot of them, I'm not into a lot of the risky stuff, but it is good to know it is out there and how it might impact your own I've been investing for years now, occasionally active on my own but mostly passively through a fiduciary. Not that I would do a lot of them, I'm not into a lot of the risky stuff, but it is good to know it is out there and how it might impact your own investing.
Definitely a worthwhile read, one that I will re-read again after I get through a few other books clogging my "to read" shelf. Four stars. Jun 07, Ginger Stephens rated it really liked it. I love Jim Cramer and I need to get back into investing as a hobby. This was my refresher course.
I have two copies of this book in my house, so I can check those as references when I start playing the market. If there is one criticism of the book, it does get a little dry at points. But, the advice is sound and the book is entertaining overall. We will see how my investing goes once I start in earnest. Oct 07, Sonny Finch rated it it was amazing. Excellent book on Cramer's trading strategy. It requires some prior knowledge: vocabulary and basic trading experience.
Cramer touches briefly on options and short selling mostly this book is about how to diversify, spot "tops" spot "bottoms" in markets and how to do your homework on specific stocks. Great chapter on speculation and managing growth potential vs risk Excellent book on Cramer's trading strategy. Great chapter on speculation and managing growth potential vs risk Jan 23, Michael Glantz rated it liked it.
Did you know Jim Cramer ran a hedge fund? The information itself seems good and honestly offered. Jun 06, Valerie Staggs rated it really liked it.
This book is dated, but the stock picking advice is still solid. I enjoyed gaining insight on how to pick stocks, how to diversify and, most importantly, when to buy and when to sell.
Well worth a listen or a read to help you manage your portfolio a little more successfully. Mar 03, Grant Reynolds rated it really liked it. Lot of sound advice told in a entertaining way. Aug 11, Jason Mesiarik rated it it was amazing Shelves: favorite. Cramer's tools and techniques are sound despite what his detractors say about his individual picks. His advice is helpful to investors, business professionals, and consultants alike.
Excellent book on investing. There are no discussion topics on this book yet. Be the first to start one ». Readers also enjoyed. About James J. James J. Books by James J. When Dana Schwartz started writing about a 19th-century pandemic ravaging Edinburgh in her latest book, Anatomy: A Love Story, she had no idea 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. 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. 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.
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