Jim Cramer's Get Rich Carefully Author: James J. Cramer | Language: English | ISBN:
B00DGZKWCC | Format: EPUB
Jim Cramer's Get Rich Carefully Description
Tired of phony promises about getting rich quickly, promises that lead to reckless decisions (the stepping stones to the poor house)? How about trying something different? How about going for lasting wealth—and doing it the cautious way? In
Get Rich Carefully, Jim Cramer uses his thirty-five years of experience as a Wall Street veteran and host of CNBC’s
Mad Money to create a guide to high-yield, low-risk investing. In our recovering economy, this is the plan you need to make big money without taking big risks.
Drawing on his unparalleled knowledge of the stock market and on the mistakes and successes he's made on the way to his own fortune, Cramer explains—in plain English—why you can get rich in a prudent, methodical way, as long as you start
now. In his own inimitable style, Cramer lays it on the line, no waffling, no on-the-one-hand-or-the-other hedging, just the straight stuff you need to accumulate wealth. This is a book of wisdom as well as specifics. Cramer names names, highlights individual and sector plays, and identifies the best long-term investing themes—and shows you how to develop the disciplines you need to exploit them.
The personal finance book of the year,
Get Rich Carefully is the invaluable guide to turning your savings into real, lasting wealth in a practical, and yes—because this is, after all, a book by Jim Cramer—highly readable and entertaining way.
- File Size: 6317 KB
- Print Length: 448 pages
- Publisher: Blue Rider Press (December 31, 2013)
- Sold by: Penguin Group (USA) LLC
- Language: English
- ASIN: B00DGZKWCC
- Text-to-Speech: Enabled
X-Ray:
- Lending: Not Enabled
- Amazon Best Sellers Rank: #1,952 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
- #1
in Kindle Store > Kindle eBooks > Business & Money > Personal Finance > Budgeting & Money Management > Money Management - #3
in Kindle Store > Kindle eBooks > Business & Money > Investing > Investing Basics - #3
in Books > Business & Money > Personal Finance > Budgeting & Money Management
- #1
in Kindle Store > Kindle eBooks > Business & Money > Personal Finance > Budgeting & Money Management > Money Management - #3
in Kindle Store > Kindle eBooks > Business & Money > Investing > Investing Basics - #3
in Books > Business & Money > Personal Finance > Budgeting & Money Management
Most people seem to either love or hate Jim Cramer. I'm actually sort of in the middle, he does have some good ideas and insights mixed in with a lot of bombast (see Mad Money). I've been investing and doing a lot of reading in this area since the 1970's, and, for me anyway, I discovered that if I came away with just one or two new ideas after reading a book it was well worth the time it took to read it. The trick is to take away what you can use in your personal investing approach and ignore everything else. No one, not Jim Cramer, not anyone else, has all the answers. This book actually touches several different areas when it comes to investing. Most of it is more of how to think about investing, and how to approach it, which is actually a good thing. And there is something here for almost everyone, hence the need to pick and choose, because if you try to incorporate all the ideas in this book you will be a buy-and-hold fundamental investing technical chartist, while taking into account who the CEO is. A tall order, to say the least. So if this is your actual first book on investing, might not be the best choice to start with. For someone who has already established an investing style, there is a lot of good stuff in here, at least for more traditional investors like myself. There is a whole section about charting stock patterns, which I didn't even bother with, because for me, using past performance charting to predict future stock moves is akin to reading chicken entrails. But hey, Cramer is a millionaire and I'm not, so who knows?
I bought this because I saw an interview with Cramer where he talked about the tests he applies for finding good growth stocks. This is thoroughly discussed, and very much worth reading.
This is a good book about what you need to know in order to invest, and where to find it that information. The book is loaded with information and insight throughout It's definitely worth your time even if you have read umpteen other investment books, as I have. A good summary at the end of every chapter. Cramer writes well and clearly.
I downgraded it one star because there were individual recommendations throughout the book. While this would be helpful to someone carefully studying to find out why they are best of breed and why their competition is inferior, I couldn't help thinking some people would see the discussion as a buy recommendation. All of these may be great companies in their sector, but some of these sectors get hammered pretty hard from time to time. Do not take his remarks as buy now statements.
Ch 1, on what makes a stock move will get you started thinking about the right things and looking for the right information. The way ETFs can overwhelm individual stocks was worth learning. The importance of choosing a strong sector. How bonds and stocks are related. The effect of interest rates, and the Fed. Growth rate as the most important fundamental influence. Secular growth vs cyclical.
Ch 2, what is good information from a stock owners point of view and what is not. Where to look for the information you need. What particuar metrics are important for different sectors-- eg same store sales for retail. High growth stocks, what to look for. Why to go for Best of Breed instead of third and fourth tier stocks.
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