Jim Cramer's Get Rich Carefully Author: | Language: English | ISBN:
B00H8YLHSA | Format: EPUB
Jim Cramer's Get Rich Carefully Description
The personal finance book of the year - Mad Money and CNBC star Jim Cramer's guide to high-yield/low-risk investing in a recovering economy.
Tired of false promises about getting rich quickly, promises that lead to reckless decisions, the stepping stones to the poorhouse? How about trying something different? How about going for lasting wealth based on thirty-five years' worth of insights from Jim Cramer, a grizzled stock veteran and host of CNBC's Mad Money with Jim Cramer . . . How about getting rich carefully?
Jim Cramer's Get Rich Carefully gives you the plans you need to make big money without taking big risks. Drawing on his unparalleled knowledge of both the stock market and about the mistakes and successes he's made on the way to his own fortune, Cramer explains to you, 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, just the straight stuff you need to get wealthy - everything from the best long-term investing themes to the discipline you need to exploit them.
Jim Cramer's Get Rich Carefully may be the most invaluable book savers and investors could ever hope for: a tell-all that tells you all you need to know to turn your savings into real, lasting wealth in a practical and, yes, because it's Cramer, readable and entertaining fashion.
- Audible Audio Edition
- Listening Length: 16 hours and 18 minutes
- Program Type: Audiobook
- Version: Unabridged
- Publisher: Penguin Audio
- Audible.com Release Date:
- Whispersync for Voice: Ready
- Language: English
- ASIN: B00H8YLHSA
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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