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Jim Cramer's Real Money: Sane Investing in an Insane World |  | Author: James J. Cramer
Publisher: Simon & Schuster
Category: Book
List Price: $16.00
Buy New: $10.88
as of 9/4/2010 12:34 PDT details
You Save: $5.12 (32%)
New (39) Used (48) from $3.83
Seller: Amazon.com
Rating:  299 reviews
Sales Rank: 974
Media: Paperback
Pages: 320
Number Of Items: 1
Shipping Weight (lbs): 0.4
Dimensions (in): 8.3 x 5.5 x 0.9
ISBN: 0743224906
Dewey Decimal Number: 332.6
EAN: 9780743224901
ASIN: 0743224906
Publication Date: January 6, 2009
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| • | ISBN13: 9780743224901 | | • | Condition: New | | • | Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed |
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Product Description
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.
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| Customer Reviews:
Showing reviews 1-5 of 299
 Good Book For Beginners July 8, 2010
C. Oliver (Worcester, MASSACHUSETTS United States)
Five reasons why you should buy this book and read it and why it gets five stars.
1. Jim Cramer ran a successful hedge fund and made tens of millions of dollars for himself (somewhere between 50 to 200 million dollars).
2. It has a great deal of information on valuation and how to find growth stocks.
3. He is not a traditional Buy and Hold investor, but buy and homework, with the good rule of "don't fear the tax man!"
4. The information is solid, if not a little basic, definitely for the beginning investor.
5. The market is hectic and crazy and can be intimidating, and his book goes a long way to helping explain it, and make it a lot more accessible.
Now then, now that I've given my reasons why I like the book, I'd like to explain why I personally felt that he comes a bit short on a few things. Jim Cramer is a fundamentalist, and that's fine, but he insults technical analysis, even though his wife, who was supposedly an incredibly trader, was a techie. Technical analysis works for some people just like Fundamentals work for others. The difference is, and I will admit, that as an investor, you want to be heavy on the fundamentals, but, he gives a lot of information for traders, and his information for someone who wants to go into the market for speculation, would not find much help in this book, or its speculation section. His talks on options are wrong. You sell to close the contracts,, you don't exercise the contract unless you have the money, also, the cost of doing that, exercising and then selling the stock, barely makes it worth it. There are plenty of people who will buy the contract for nearly the same gain that you could make exercising the option. In fact, that's how most option traders make their money on long calls and long puts.
His other trading advice is kind of preliminary and basic and there are much better books out there on trading.
However , for an investment handbook, this book is strong and well worth the money.
Full of interesting anecdotes and useful tips May 10, 2010
Aaron Lutz (Hartford Ct)
Even Jim in his early days struggled with problems of "cost basis paralysis" that many individual investors deal with. This is until his wife took his stock sheets and whited out his cost basis which allowed him to think clearer about the merits of keeping a stock, namely Maytag that he owned. In another anecdote he described how he decided to invest in AT&T wireless. He asked his daughter "how come you never get frustrated with a busy signal when voting for American Idol" her reply was that she texted her vote but that an AT&T wireless device is needed to do that.
There are tips on top fund managers and funds in different categories. Also a chapter on how to spot a market bottom which I found easy to follow but insightful. It included simple criteria as finding a bear market article in the front page of the New York times, Bullish vs bearish investment advisors survey (in this case you need at least 60% bearish). The logic here is that if most are bullish then most money is already invested in and little money is available for new investment. Volatility index above 40, and a selling climax defined by at least two months of fund outflows. A similar chapter in tops in individual stocks was quite useful with the one warning I found most interesting is tendency of hyped stocks to almost always end up making a secondary offering below the latest traded price signaling the end of the run. Many other tips in this chapter such as accounting problems, over expansion using acquisitions, etc are included. All in all as other reviewers say not the endgame but a good start.
BOU YAA April 18, 2010
Peter Lasher (So. Florida)
AN EASY READ, INFORMATIVE, GOOD SOLID INFORMATION AND A FORMULA TO FOLLOW. MADE IT MORE INTERESTING BY INCLUDING PASSAGES ABOUT HIS WIFE.
Very Informative March 15, 2010
Tim Smith
This book is very informative and interesting. It was recommended by a friend of mine who has taken control of his own investments. He's doing better than ever and pulled his investments and shifted his retirement funds before the rest of us lost about 30-40% a couple of years ago. The information is right on and makes a lot of sense after you absorb it all. I'm still reading two of his other books and
looking forward to being able to be responsible for my own future.
Good book! February 24, 2010
MBA Student (TN)
Another good book from Jim. It's an updated version of his earlier books. Good, quick read for those who enjoy financial trading, stocks, etc.
Showing reviews 1-5 of 299
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