Cramer’s 7 Deadly Sins Of Stock Investing
08/15/2020
USA
Pundits like to tell investors how to invest their money, but rarely does one go over a list of how not to invest in stocks. CNBC’s Jim Cramer went over in his ‘Mad Money’ show what he calls his ‘seven deadly sins of investing.’
There is no room for “cheerleading” in advance, Cramer said. Instead of jubilating a winning stock in the hope that it will go even higher, take some profits off the table, the CNBC host said. “data-reactid =” 20 “>
1. No cheerleading: There is no room for “cheerleading” in advance, Cramer said. Instead of jubilating a winning stock in the hope that it will go even higher, take some profits off the table, the CNBC host said.
“Buy low, sell high – do not buy low, cheerlead high.”
“Stop trying to find the next Tesla if you can just buy Tesla,” he said.
“You should not even think about owning a one-digit scholarship unless you know how to read a balance sheet,” Cramer said.
“Investors sitting on a ‘monster win’ should not make the mistake of sitting on their stock market,” Cramer said. Data-reactid = “32”>
6. Do not be greedy: Investors sitting on a “monster win” should not make the mistake of sitting on their stock market, Cramer said.
Instead, investors can invest the initial investment and “let the rest run so you can play with the money from the house.”
“I’m here as your investment coach. My job is to find good companies and recommend their shares if the price is right,” he said. “Not if some random person misrepresents me on social media.”
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