I mean, let's make that clear. Of course they're there to make a profit. Look for people. People matter. The third things is macro-trends and policies can affect the immediate course and the velocity of a stock, how fast it can move, up or down. So let's say Janet Yellen, the Fed Reserve chair, decides to raise interest rates or lower interest rates, whichever.
They change the basis points. That can affect, otherwise, what would be a solid stock. You shouldn't take any umbrage to that. You shouldn't take any offense. It does happen.
JIM CRAMER'S GET RICH CAREFULLY by James J. Cramer | Kirkus Reviews
No matter what happens, if the interest rates rise or go down If the interest rates go up, that's less money in the marketplace to invest in stocks. It's more expensive to borrow. I think the purpose here is that if you've done research and you've gotten your great five, ten stocks that you love, and you've done your research on macro-trends can affect it. The important thing is don't run away. If you believe in a company, you stick with it. The fourth thing is do your own research.
Do your own research. He talks about this on Mad Money, too. You should not expect other people, your investment advisor to just put money into stocks for you.
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You need to understand the core essence of stocks: terms, what they mean, how stock could go up, what a stock is, period. It's just a percentage of a company that's publicly traded. You've got to understand and do your own research on a company. Understand catalysts, right? Not just macroeconomic catalysts like I mentioned in number three but catalysts of how the market can be affected.
Okay, so if, for whatever reason, you don't know anything about Home Depot Well, I'll tell you what.
Jim Cramer's Get Rich Carefully (Paperback)
The best way to figure out whether Home Depot is going to be around ten, twenty years from now is to drive over to your local Home Depot, see how many people are there on an average day. I can tell you that the only time I've ever invested in a company is if I've actually used the product. You've got to be an active consumer and an active investor who understands and does their own research.
The fifth things is this: he might seem crazy, maybe he is a little bit, but he does research.
He admits his fault, and he keeps a long-term view on investing, not unlike Benjamin Graham, who has his own principles, as stated in one of the most popular books ever, "Intelligent Investor. Oftentimes he's wrong.
About This Item
In Get Rich Carefully, Jim Cramer draws on his unparalleled knowledge of the stock market to help you navigate our recovering economy and make big money without taking big risks. In plain English, Cramer lays it on the line. No waffling, no on-the-one-hand-or-the-other hedging, just the straight stuff. He names names, highlights individual and sector plays, identifies the long-term investing themes—and explains how to develop the discipline you need to exploit them. An invaluable personal finance book, Get Rich Carefully is your guide to turning your savings into real, lasting wealth in a practical, highly readable, and entertaining way.
You can't blame him for your investment decline.
The stock market is similar to a roller coaster. The only fools who get hurt on the ride are the ones who jump out before the ride is complete.
Know one could know what the state of economy or any investment would do in relation to the events. To blame one person and bash his book, Which is a great tool for any investor who is seeking ideas or information on a basic learning level. I'm sorry for your lost investments but you need to take responsibility for your own knee jerk reactions. This book is a great help for all investors new or experienced.
Good luck, good futures and even better returns. You can't make everyone happy and in my opinion people don't take enough personal responsibility for their poor choices with money.
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