Investors need to know themselves if they want to build the best possible portfolio, CNBC's Jim Cramer says.
Sometimes, those rules can even seem contradictory. You should have conviction in the stocks of companies you believe in, but you should be ready to change your mind if the facts change. You need to be cautious, but you also need to be ready to pounce on key opportunities. You should be skeptical, but sometimes, you have to suspend your disbelief." host said. "If you take all my rules literally, you’re going to be running around in circles while tearing your hair out.
"Far too often, people will invest in the stock market with the simple, poorly defined goal of making some money," Cramer said. "The truth is, there’s no one-size-fits-all approach to investing and anybody who tells you differently is either dangerously misinformed or flat-out lying to you." These questions are so important because your 401, IRA or brokerage accounts "do not exist in a vacuum," the "Mad Money" host said. For example, if you need slow-and-steady gains for your retirement portfolio, a fast-growing stock likeCramer offered up an analogy. If you want to fly across the Pacific Ocean, you should take an airplane like a Boeing 747. You can't fly across the Pacific in a Ford Fiesta.
He’s an investment strategies explained on a basketball court diagram
is CNBC on AppleTV down?
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