|Jim Cramer's Real Money: Sane Investing in an Insane World
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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.
- Simply Amazing
I just recently graduated from college and started working. I caught the money making bug. I am brand new to investing and had no idea even where to begin. My dad is a huge advocate of Cramer's so I decided to buy the book. I was not dissappointed! A must buy for anybody new to the game. Very fun, fast read! I'm excited to put this new knowledge to work. I thought I'd be done with homework after college however I have a feeling that this homework will be much more fun!...more info
- Cramer's Insane Investing Ideas
Cramer is the type of guy who loves to be the center of attention and loves to hear himself lecture other people on how to invest in a volatile market. Problem is that this guy has made so many poor stock picks since his show went on the air that most people now just laugh at him. This clown will one day tell his viewers to pick up shares in company X and then next week tell them to sell it. He flip-flops on so many companies that I really believe he is Insane like the title of the book suggests. He often tells his viewers that he used to run a hedge fund. I can't imagine how much money he lost for his clients....more info
- Listening to a Wall Street Shill-Or how my money evaporated...
Cramer is so embedded in the corrupt Wall Street system that he's pretty much giving advice that is counter to common sense. Beware folks! When common sense goes out the window, market crashes are looming on the horizon. Cramer was embedded in the Wall Street lunacy that produced derivatives that made billionaires out of the few and paupers out of millions. The one thing that history shows that Cramer's advice is good for is as a guide as to what not to do.
He has tried at every turn to prop up the market and keep this shell game that we now have happening, going. It's like he was vested in the very system he was reporting on, covering his pals on Wall Street. ...more info
- Jim Cramer you are the man!!
I bought the cd book loved it, and I bought the printed copy as well.
No nonsene and to the point. The book was very educational and entertaining as well.
- MAD MONEY!!!!!!!!!
This book is a must for the avid investor or anyone looking to get involved in the stock market. This book keeps you reading because you know Cramer can help you make millions in the stock market. Cramer also keeps you interested by using a creative styling of writing that is not normally seen in the stock market, He grabs your attention with phrases like "I want you to be rich" and "my goal is to make you rich". I don't know a person on Earth who wouldn't read this book after hearing that the whole point of Cramer's book is to make you rich. I would definitely recommend this book to anyone looking to make money in the stock market because it is the best available that will teach you how to get rich for the stock market. ...more info
- Cramer's Mad Money
The overwhelming majority of the book is a sales pitch/pep talk about investing. It's a good book if you need to convince yourself to invest. If you're already a believer in stock market investing, I would skip the book....more info
- Good Book!
Book was jammed packed full of facts, and was an interesting read. Cramer gives you a little bit of humor along with a good education. You can tell this man went to harvard by some of his big words, just glad i have a college degree. ...more info
- At Least His BOOK Is QUIET....
Really, I figured what could it hurt to read & listen. Tried all his ideas, watched his picks on TV etc. Set up HIS ideal portfolios on my trading page where I trade stocks. After 2 years what are the results? Cramer's picks as well as Vectorvest picks got CREAMED compared to MY own idiotic attempts at making money long term as well as short term.
So, do what you like, but if ever in San Diego & you want this book? You can have mine for FREE. Do however pay attention to his common sense "get out of debt" strategy. ...more info
- be a better investor or a better client
Can one book make you an expert money manager? I don't think so, but as Cramer writes, "You have to learn to be either a better investor or a better client; there is no other choice." So in that context, this book offers great insights and lessons learned from his career as a hedge fund manager.
For those who want to manage their own portfolio, Cramer prescribes a "buy and homework" style, rather than buy and hold because companies can lose their edge due to new competition, regulatory changes, etc. He says you need a minimum of five stocks in different industries to be diversified, and you need to spend an hour per week per stock doing your homework.
For those who don't have the time or the inclination to do the homework, he recommends some mutual funds on pages 198-201. Most mutual fund managers underperform the index funds, and Cramer provides some reasons why.
Cramer is a good writer, with a refreshingly candid style. I also enjoyed his previous book You Got Screwed, which opened my eyes to the conflicts of interest which abound in the financial industry....more info
- Great book for learning about trading stocks
Jim Cramer's book is full of usefull and sound advice about investing in stocks. All his rules make common sense and should be easy for anyone to apply in thier own investing. Discipline is the key, and he stresses that. He didn't become a multi-millionaire and get his own show on CNBC by being a dummy. No one can be right all the time, and Cramer is no exception, but he is right much more than he is wrong. And that is all you need to make alot of money on Wall Street. Dont listen to the Cramer haters out there, THEY KNOW NOTHING!!! and will never come close to duplicating Cramer's investing success....more info
- Great Listening. A must for amateurs like me
Very easy to understand book. The author knows the audience very well and the strong and weak points about them. He has tried honestly hard to make sure the amateur stock investors learn the tricks of the game and equip themselves with knowledge they need before venturing into a brutal game of stock investment.
- Do you have 6 figures of cash laying around?
This book explains how to invest in stocks very well.... but there is only ONE problem... his rules are based upon a multimillion dollar investment strategy.
If you have upwards of 50,000+ of available cash to spend on stocks, then this book will truly make you money. However, the problem with the 'rules' of buying and selling do NOT account for the costs of your commission.
His advice recommends to 'take a little off the top' as your stock increases in value. Rememeber though... 'a little off the top' means to sell about 200 shares in Cramerica... for the rest of us, a little off the top may only represent 5-10 shares, which may not be worth it (as your commission cost will offset any gains you make)
For the rest of us who only have about $5000-10,000 to spend on stocks, his strategy will never truly make your portfolio profitable.
His books are very entertaining, and also have some knowledge behind the words... but the absolute truth is that you need to be able to comfortably afford to buy $70 stocks by the hundreds, and still only have that represent 20% of your protfolio.
On a final note... don't expect to make money in the stock market unless you wait it out for nearly a year.
I recommend this book ONLY to get you interested in learning more about the stock market... DO NOT use this book as a manual on how to invest unless you have $50,000+ to spend!...more info
- Real Money
This book was highly educational. I felt that Jim Cramer truly wants the average joe to have a better life and make some money in the stock market....more info
- Very Useful
This book does a tremendous job explaining how to make money. Great read, good tips, excellent read....more info
- A great insight into investing!
This book was very informational for someone that's interested in investing. Cramer covers what wall street looks for when it comes to investing i.e. earnings and multiples. Also he talks a lot about how his hedge fund made money along with his wife who he calls "the trading goddess." Of course you have to do your research and he stresses "buy and do homework" instead of "buy and hold."...more info
- Reliable advice in plain English
Most high profile investment "personalities" make me suspicious, so I watched Cramer's TV show for about three months before reading this book. Turns out he was right most of the time, both with his stock picks and his market insights. I found "Real Money" enormously helpful because it is enormously sensible. No magic formulas, no shortcuts, no tricks - just common sense, hard work, and discipline. Cramer explains the fundamentals of stocks and markets using simple analogies, which is helpful for people like me who do not have much experience or schooling in finance. In the final chapter, he even provides a crystal clear explanation of the highly complex world of call and put options.
This book is full of valuable ideas, which other reviewers have summarized very well. Here are a few of the points I found especially important.
1. Reading "Real Money" will make you a better investor OR a better client. Not everybody is ready, willing, and able to be an investor. But even if you turn your money over to professionals, you need to know the fundamentals or you could get hurt. A key general principle of investing!
2. Own retail companies before they saturate the market. Here's an example of a great tactical insight. Cramer notes that once retailers are in every market, they have a hard time sustaining growth. If you can catch one on the way up, however, it can be gold. Simple! Obvious! Never occurred to me!
3. When you buy is as important as what you buy. I never realized how important timing is. Cramer does a great job of explaining how business cycles work and what stocks are good buys or sells at a given point on the curve.
4. When you sell is as important as when you buy. I never realized how much science there was to timing a sell. But come to think of it, super gains can be wiped out in a flash if you stay in too long. That's why Cramer advocates "buy and homework" instead of "buy and hold".
Here are some things the book is not. "Real Money" is not a get rich quick scheme, nor does it claim to be. In fact, Cramer offers so many suggestions for further reading, I can't imagine how his guideline of one hour of research per week per stock could possibly be enough. The book is not entertainment - don't be fooled by Cramer's manic TV persona. The writing is straightforward and energetic, but not wild and crazy. And the book is not a total investing solution. Cramer is a very conservative investor who endlessly warns us NOT to apply his rules of investing to our retirement funds. This book is for discretionary investing.
The book is a great starting point. Cramer provides a framework for investing that will help you zero in on types of stock to look at, how to research them, how to buy them, and how to sell them. Now that I've read it, I can't believe I was rash enough to invest without it. ...more info
- Outstanding book! Booyah indeed!
Real Money is a great title for this book. Here Cramer tells in a very readable, enjoyable way how he trained people to work at his hedge fund. I had read a few "beginner books" that mostly explained in general terms how the market operates and how to invest in that usual ultra-conservative way barely better than the bond market. But Real Money shows with some rigor how to go about finding and researching winners.
I had actually bought and read his newer book, Mad Money, before purchasing this one. It was such a great book that I had to read Real Money, and I'm so glad I did. Although Cramer does update a few of his methods a bit in Mad Money, they are still built on the basics of Real Money. It might be better to read them in order, but I didn't lose anything by reading them in reverse.
Cramer's methods are very logical and they work. My husband and I really studied both books, and now we never miss his nightly show "Mad Money" on CNBC. Since we began this, we have made at least three times as much money as we did using the Morningstar type of stock-picking. More important, we have not had any big losses because of Cramer's "buy and homework" rule, which requires spending one hour per week for each stock held.
Cramer's anecdotes are downright funny, and his analogies help to simplify more complex subjects such as shorting and trading options. He is not a purely growth invester nor just a trader. He applies both growth and value investing methods and differentiates between an investment and a trade. There is nothing reckless about Cramer's system.
Real Money is a fantastic book. If I had to pick one thing in it that has had the greatest value for us, it would be how to research sectors and stocks in a logical, systematic way both before and after picking a stock. In short, (or long), I heartily recommend Real Money. Or in other words, BOOYAH! ...more info
- Don't blame Jim if you loose money ...
Solid advice that can put you on the right track as a new investor. You have to balance what Cramer recommends in his books and on TV with additional research and your own experience. Over the past year, I've found that you should really take Jim's advice to ignore the short-term gains in the stocks that he recommends on TV (the "Cramer" Effect). In most cases, you can wait and get a much better entry point....more info
- Great Book To Learn From
Before reading this book I knew nothing about stock market investing. This book has so much info that I feel it is not a one time read but rather a reference book. Many terms are clearly defined and many situations in the market are clearly explained. For the first time in my life, I understand how basic options work. There is far too much for me to cover in a review. If you want to learn about the stock market, this is the book for you....more info
- Quick, Light, and Hardy
Great book for those interested in getting a base knowledge for investing and want some good tips from a credible source. Easy read and entertaining. ...more info
- Good investment Advise.
All I have to say is BOO YAHH!
If your looking here you already know Cramer is King.
Respectfully, Dennis Lloyd...more info
I have heard a lot of people that I know put Jim down after watching his TV show Mad Money. They never have good arguments about why they put down the show and in the end their complaints always boil down to "I just don't like the guy because he seams like a sleazy car salesman." In short they don't like Jim Cramer because he doesn't "seem" like your average financial geek. But you know what? They never really listen to him about the stock and the company that he is talking about. They generally never try to gauge stocks on their own with their own money. If they did, and they actually listen to what the hell he was saying then they, like I, would love Jim Cramer and what he does for me, "the "little Guy".
In short, this book will tell you all the things that Jim also tells you on his show Mad Money. Just watching his show I garnered about 10 pages of absolute gold advice. And that's just the basic ideas, not the specific items about certain stocks.
Jim's book though is in paragraph format almost completely. It would be a great book for an audio session. That's actually what I am doing with mine now, reading in a microphone for my mp3 player. I mean his advice is just too good to pass up and it needs to be studied not just read. Why? Because Jim will tell you things that are fundamentally different from most anything else that you will read or hear on the radio or tv. It's all common sense really, or so you think after hearing it, but its actually a kind of sense that is not common at all. If it was, then Jim wouldn't be so popular. The kind of common sense that he gives you in this book is the kind of sense that must be developed, not read. You know that he really did make the kinds of mistakes that he tells you about because there is no other way that one goes against conventional financial dogma as he does so confidently.
The sector watching that he tells you about. Common sense right? But how often do you practice it? Do you really even know what to look for in the sectors that you watch or the sectors that you have stocks in? I didn't. Mostly I got tunnel vision with stocks and once I owned one I hardly ever looked at the macro side of things. I got tunnel stock vision.
Most of all what I like about this book and Jim's TV show and the internet video clips that he does on the [...] is that he tells it like it is. When all the other financial sell outs only tell you what they want you to hear, Jim Cramer is there telling it like it is. The Truth! Or at least enough of it so that you can figure out for yourself what's going on if you did your homework on the company. Jim Cramer is not only helpful for trading, he is vital. I hope he never stops helping me, "The Little Guy".
Thanks again Jim.
With so many so called Wall Street professionals lying through their teeth to all their clients and the media, I am glad that you are there to try and help us with what you can. I for one appreciate it.
- Great book for beginners
This book is just great if you're wanting to get into the market. It breaks it down in easy to understand terms with no Wall Street gibberish. I recommend even more the audio book of all of Cramer's books because he's just so enthusiastic reading them to you. It makes you get excited about a very boring topic.
- Important Read
This book contains valuable information for managing your money and the do's and don'ts for investing....more info
- If You Want To Be In The Stock Market Read It!
I bought this book for my husband for xmas. He has not put it down.Good book for anyone that wants to really be imformed about the stock market!...more info
- not for leisure
When I first checked this book out, I found it too boring and abstract to hold my interest...mainly because of the chapters about how the market works and how hedge fund managers trade. But then I revisited the book and spent some time with these chapters and realized the value of the information and also realized I had learned alot since I first approached the book which made it more interesting to me the second time around. Now Cramer insists he is a bottoms-up investor/trader, but this book has alot of top-down strategy in it. As far as the stock rules, well yeah they are common sense, but forcing yourself to follow them is a a whole 'nother story. Common sense can deviate when put into actual practice, otherwise we'd all be thin and beautiful, right? His strategy is like a diet, it requires willpower to be successful. This book may be beyond the beginner and unhelpful for advanced investors, but it is great if you know a little more than the average person walking down the street. Like Suze Ormond states, alot of people spend time in denial or hiding from their money situations. ...more info
- Laura from San Mateo
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....more info
- Showed me the error of my ways
I have made a lot of poor investment decisions in my time. Believing the buy and hold camp was one of them. This book freed me of a lot of my losses from the Dot Com meltdown, and got me excited about investing again....more info
- Self promotion
This book gives not much other than Mr. Cramer's self-promotion. It is almost as bad as the TV program that I had once seen (Big Money). If someone tells you which stocks to buy and which to sell, you need to run away from that person as fast as possible. I suspect that he must have his own interest to promote some stocks. Usually his interest will be opposite to yours. When all the gullible followers are buying, he is quietly selling. There is nothing sane in Mr. Cramer's book. And yes, the world must be insane to have this book so high on the list of bestsellers. For some good rading I suggest Intelligent Investor: A Book of Practical Counsel
- Good for basic advice, but don't listen to his picks
This is an interesting book to learn basics of the market. However, Jim Cramer has lost me and others in my family a ton of money. On his show he recommended Cheasepeake Energy, Encana etc. We all bought many of his stocks and years later have lost our shirts. Therefore, I say buy low and sell high and looks at the fundamentals. I think Cramer is a phony. He recommends stocks then doesn't speak about them when they tank. Therefore, why doesn't he take the advice he gives in his book. Or doesn't it work....more info
- I'm not completely convinced by the trading ideas
I decided to read this book after watching Jim Cramer on his show "Mad Money," which is entertaining, almost like watching a "yell and sell" infomercial for get-rich schemes or miracle mops.
Cramer comes off as one of these squirrelly investment advisers who has an answer for everything, especially if it's an opportunity to brag about his stock-picking genius. The pitfall is that if you follow some of his advice, such as "doubling down" on a stock that has gotten beaten down in the market (so much that even the company's CEO can't explain it), then you could end up the proud owner of shares in the next WorldCom collapse.
This book is oftentimes rambling in its basic explanations of stock valuation, but its message of "buy and homework" is important--basically, an investor needs to stay active in the market and keep abreast of breaking news to profit. Cramer recommends spending an hour a week of homework for each stock a person owns. That seems like a lot of work, especially when a person could devote the extra time to advancing in a profession or to starting a business, which is how most people become millionaires (according to the book "The Millionaire Next Door," anyway).
I'm not completely convinced with Cramer's method of investing in cyclical stocks, which involves trading in and out of different sectors during different stages of the Fed's rate easing and tightening cycles. If it's so easy to beat the market this way, why doesn't every hedge fund do it? The returns from such a method should dwindle (if they haven't already) as more people figure out how to time the market this way. Additionally, I've found it difficult to get clear opinions about what the Fed is going to do with rates, because such opinions are as varied as bearish and bullish chatter about the market's direction....more info
- Finally, it explained it
I really like this book. It gave good intro just how to start evaluating stocks even if you have't studied economics. Cramer says it like it is, and gives great advice on how to trade, what your mistakes will be and how to avoid them. He also draws from his own experience in a very illustrative way.
I studied economics, yet this book gave me a better hands on approach than all the theory in the world could have done on this topic...more info
- Great read for newbies
If you are new to investing...this is a great read. Some of his principles are reverberated throughout other similar books. Cramer suggests buying stocks using "limit" orders, but for every day investors buying a couple hundred shares, it might not make a big difference. Limit orders should be made on stocks that have low trade volume or on penny stocks that can swing wildly.
I recommend The Intelligent Investor....more info
- Read for entertainment - not info
His first book "Confessions of a Street Addict" was thoughtful and interesting. This book reads almost like one of his TV shows. He "co-wrote" this one and it feels like he just sat down with his assistants and let it rip in his usual stream of consciousness style for a couple hours. The book seems hardly edited from that. Meaningless digressions , backtracking, repetition -- all left in here.
If you're a fan of the show, you've heard ALL of this on the show (repeatedly). If you're not, you won't get anything from this book. I was hoping for a more coherent and deep window onto how Jim Cramer views the current markets. Not what I got....more info
- Real Money with Jim Cramer
This is the second book by Mr. Cramer that I have purchased. Looking forward to delving into the pages to see what is in store. I have already started and it is full of information. A real plus for the at home investor. Take Charge of your Finances and Make Real Money... A must read. ...more info
- Read REAL MONEY SO U CAN SUPPLEMENT YOUR INCOME
Jims REAL MONEY Sane Investing in an Insane world is a great book. As in any review there are pro's and Con's.....The Pro's are that there is invaluable advice that he offers, For instance he tells you to do you Homework 1 hour per week...This is extremely important as he says know your stocks and know why u bought them? This is because jim tells you to buy stocks depending on the federal reserve rates and GDP. He analyzes which stocks to own depending on where the federal interest rates are as described on page 115. He tells u to own secular stocks when interest rates are at its peak & own retail,banks etc when interest rates are low as to intice consumer spending. The Cons ARe that Jim explains how to evaluate P/E by his equation EXM=P...However he tries to explain the growth rate and a few other technical analysis with-out providing Elementary abc insights, where he uses his "wall-street Gibberish" For Instance He says Dont buy stocks with High Earnings Multiples But Jim Leaves this out,=(He explains that to get earnings you would need to divide the outstanding shares divided by the revenue, OK fine. What is ambiquous and missing is that as the price of the stock increases The multiple increases because as the earnings stays the same U are know dividing earnings into a bigger stock price so obviously the multiple will increase. He doe not explain that as new earnings are announced and the company reports larger earnings, that if the stock price is high and U are now dividing a larger earning into a high stock price that the earnings will decrease? Or that if the company reports smaller earnings than the previous quarter with a high stock price that the earnings will still increase due to dividing a high stock price into smaller earnings that would increase the multiple. There are some technical analysis that he could explain in simpler elementary examples. Also he does not explain in great detail the how to derive growth rate. Also everyone wonders if there is a conspiracy going on with him mentioning certain stocks to buy so his hedgefund buddies that are losing money would be able to recover by the majority buying into his stock picks on his tv show? BuY The Book Learn the fundamentals and U should gain some very inspiring knowledge on how to learn different approaches to picking stocks......more info
- Jim Cramerr's Real Money: Sane Investing in an Insane World
This is an excellent book - unbiased - instructive and a good reference book for how tos....more info
- Mostly basic info with a couple of hidden gems
Most information in the book is basic in nature for the beginner. I will however point to a couple of things I picked up and thought were useful.
One important quote from the book that I think every investor should pay attention to is
"Fundamentals of a company play only a part in what moves the stock up or down, ie there is little relation between the health of a company and that of the stock" . With average holding time of an investor of 12 -18 months this is more true than ever. This is why technical analysis and other factors enter into the equation in a big way.
Another concept that I was able to translate into profitable trades is the following. To identify stocks that are game breakers set to explode you need to pay attention to the following: 40% management,30% fundamentals, 15% technicals, 15% special factors.
What I found most applicable to short term trading are these special factors. A stock between $1 and $15 with low float and low capitalization .The high demand with low float create sort of a short squeeze ie more demand than there is float supply. This is one version of a short squeeze where investors are buying into a company with low float and there are not enough shares to go around. Plan to get out when the volume starts becoming so high that the stock found a level where everyone wants to get out. This usually happens after splits and secondary offerings.
By reading some other books that are more technically oriented I was able to translate this idea into a money making trading approach by focusing on a different type short squeezes.The one where the stock has a high volume of shorted shares but the technicals of the stock are strong. When the shorts try to cover there are just not enough holders willing to sell, the price gets bid up to tempt holders to sell and the stock takes off.
- Hey -- It's Jim
In this poor old world, we all need money to stay alive and care for our loved ones. Jim's books are a great place to start, a terrific review, and a fresh perspective on trading. Whether you trade for a living or just trying to build up that nest egg, Jim's books will help. Just don't get so carried away with money that you forget what it's really all about. ...more info
- Smart guy, smart book
Easy read, though in depth book about finance / investing. He is a sharp customer....more info
- Don't buy. Sell, sell, sell.
This book is a little more entertaining than his newer "Mad Money" book.
If you base your investment decision based on his books, then you are really mad....more info
- The Book For Serious Investors
This is a college course in investing with Jim Cramer. Take it to the bank . Buy and Do Homework!...more info
- Great Book for any Investor.
I am just starting to dabble in the stock market so I'm trying to learn as much as I can right now.
This book is very easy to understand and a very fast read. Being a really big fan of Cramer already this was a 'no-brainer', and although he is very educated he really translates his thoughts and advice in an easy to understand way.
I strongly recommend this book for anyone who is interested in the stock market....more info
- Not a bad book, but do NOT buy the Kindle edition
Not a bad book as an investment primer, but the most important piece of the book, a graph of Cramer's cyclical strategy for stocks is COMPLETELY ILLEGIBLE on the Kindle. ...more info
- James Cramer's Read Money :Sane Investing In An Insane World
Jim Cramer's books and tv programs provide expert help to every investor; however, as a small investor on a fixed income with small investment money available at 77 woman, I have to be very cautious with my money. I am confidence in anything that he says. If he makes a mistake, he steps up to the plate and says,"I called it wrong, let's do something about it."
His writing and TV program are not only an inspiration to me, but have given me the confidence to influence my grandchildren to learn from Jim as I have done.
Thanks a million,
Love ya, Jim,
Dallas,Texas 75205...more info
- Believe it or not, Cramer can make you a better investor.
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. ...more info
- Way too much fluff
I enjoy his show, but, like his show, this book has a lot of fluff in it. While he give some excellent advice, he takes page after page to get his point across. The first 6 chapters could be consolidated down to one easily. If you're looking for hard advice, not endless rambling, this book is not for you....more info
- Investing in a Insane World
I have had my copy for about a year and am on my third reading; this IS the definitive book for all investors regardless of their market background.
This copy was bought for a good friend and new investor. BOOYAHHH !!!...more info
- The Stock Market Made Fun
Jim Cramer of Mad Money (on MSNBC) fame was once a hedge fund manager trading stocks and made his investors tons of money. He's retired from that business nowadays and goes more the route of advising people through his radio show, TV show, and website. In this book, he describes the ins and outs of investing and trading on the stock market and strategies for playing the cycles of the market.
One of his rules is that if you are going to invest in individual stocks, you need to spend at least an hour per week keeping up to speed on it. He also recommends diversification by having a minimum of 5 stocks in a variety of businesses sectors such technology, health care, oil, grocery/consumer goods, financial companies such as banks, among others.
He makes clear that he does not advise nearly as aggressive a strategy when looking at retirement versus more discretionary income. Mutual funds are definitely the way to go for a vast majority of people who don't have the time or inclination to truly research and investigate the fundamentals and news of a stock. He provides advice on good mutual fund managers if one wants to go more that route.
I enjoyed the stories from his days as a hedge fund manager also told in his book Confessions of a Street Addict. These helped illustrate lots of his points and rules to live by when trading/investing in the stock market.
Overall, he does a good job at helping the reader to understand the nuances of the stock market which can be esoteric to those not in the know or who don't do it professionally....more info
- The Book!!!
Great book to learn and understand the basics and the not so basics of the markets, highly recomended...more info
- Excellent, learning a lot
Jim Cramer's "Real Money" is a great book. I am learning a lot from the book and from Jim's TV show "Mad Money". You will get more out of the show if you read the book first....more info
- Simply the best
The how's, why's, and wherefores of how the market REALLY works. A "must" read; even if you don't agree, you have to give him his due. Been there and done that - what else can you say?...more info
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