Jim Cramer's Real Money: Sane Investing in an Insane World by James J. Cramer

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Jim Cramer's Real Money: Sane Investing in an Insane World
Available from Amazon
Price: $12.06
Updated on 6-28-2008.

Features

Audio CD

Publisher: Simon & Schuster Audio; Abridged edition (October 17, 2006)

Language: English

ISBN-10: 0743561236

ISBN-13: 978-0743561235

Product Dimensions: 5.8 x 5.2 x 1.1 inches

Shipping Weight: 3.2 ounces ()

From Publishers Weekly
After telling the story of his own trading days in Confessions of a Street Addict, Cramer appeases fans hoping for advice on how to duplicate his success with their own investment portfolios. But not without some strong caveats: his approach requires devoting at least an hour a week to educating yourself about each stock you own. But since most pros are "rank amateurs themselves," anyone willing to do the work should consider getting in. Cramer breaks down the fundamentals of his investment approach, built on the twin principles of diversification and speculation: while most of your portfolio should contain reliables like oil, financials and blue-chip companies, 20% percent of your money should go toward a slightly riskier bet on a company's future ("owning a stock is a bet on the future, not the past"). He also explains techniques for figuring out when to buy rock bottom stocks and sell the ones that have hit their peaks. Cramer drills his main points over and over, which can get repetitive on the anecdotal level but reinforces the simplicity of his message: investing is for anybody willing to put the time into learning how to do it right. His enthusiasm should prove inspiring, and even investors on the wrong side of Wall Street's recent shakeups may find the courage to get back in the game. Either way, Cramer's radio, TV and print platforms are sure to make this one another hit. Agent, Suzanne Gluck at William Morris. (Apr. 5)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved. --This text refers to the Hardcover edition.

From Booklist
Cramer, cofounder of TheStreet.com, the daily financial news Web site, and cohost of CNBC's Kudlow & Cramer, is a successful trader and former hedge-fund manager. His autobiography, Confessions of a Street Addict (2002), was an honest portrayal of his sometimes-brutal rise to the top; it was not a trading manual. Here Cramer reveals how he made his money and distills his methods so that the average reader can understand them. Rather than catering to the Wall Street party line of "buy and hold" investing, he is an advocate of "buy and homework." He recommends starting with just four stocks in safe, diverse sectors and devoting a minimum of one hour per week of study to each company. Although others condemn speculation as pure gambling, Cramer insists that the fifth part of your portfolio should be devoted to a purely speculative play to take advantage of potential "home runs"; although much of his advice is for serious students of the market, there is a special trial offer for ActionAlertsPLUS.com, a Web site where Cramer openly reveals all of his trades before he makes them, giving his subscribers the opportunity to get in before he does. David Siegfried
Copyright © American Library Association. All rights reserved --This text refers to the Hardcover edition.

Reader Reviews
This review is from: Jim Cramer's Real Money: Sane Investing in an Insane World (Hardcover) Mr. Cramer is full of emotion. He is on TV and radio. He has much to say about the stock market. His information is helpful, but it is only the beginning in one's learning to be successful in stock market investing. You will have to read many more books including books on technical analysis in order to gain the knowledge needed to be successful. Cramer's 25 rules for investing are explained in this book. The rules are sound and very helpful for the investor to review. They are: 1. Bulls, bears make money, pigs get slaughtered. 2. It's OK to pay the taxes. 3. Don't buy all at once. 4. Buy damaged stocks, not damaged companies. 5. Diversify to control risk 6. Do your stock homework. 7. No one made a dime by panicking. 8. Buy best-of-breed companies. 9. Defend some stocks, not all. 10. Bad buys won't become takeovers. 11. Don't own too many names. 12. Cash is for winners. 13. No woulda, shoulda couldas. 14. Expect, don't fear corrections. 15. Don't forget bonds. 16. Never subsidize losers with winners. 17. Check hope at the door. 18. Be flexible. 19. When the chiefs retreat, so should you. 20. Giving up on value is a sin. 21. Be a TV critic. 22. Wait 30 days after preannouncements 23. Beware of Wall Street hype. 24. Explain your picks. 25. There's always a bull market. Comments (5) | Permalink | (Report this)

Jim Cramer's Real Money: Sane Investing in an Insane World
Available from Amazon
Price: $12.06
Updated on 6-28-2008.