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Business/Finance
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Title: Jim Cramer: 'You Can't Retire Without Owning Stocks'
Source: [None]
URL Source: http://www.moneynews.com/InvestingA ... 10092014&s=al&dkt_nbr=h9hducfj
Published: Oct 9, 2014
Author: Dan Weil
Post Date: 2014-10-09 17:09:04 by BTP Holdings
Keywords: None
Views: 76
Comments: 1

Jim Cramer: 'You Can't Retire Without Owning Stocks'

Thursday, 09 Oct 2014 07:00 AM

By Dan Weil

The S&P 500 index may have dropped 4.3 percent from its Sept. 19 record peak, but that doesn't mean it's time to give up on stocks, says CNBC commentator Jim Cramer.

"You simply can't make enough money in any other asset class to be able to retire without owning stocks," he explains.

Cramer offers a simple test to determine whether their stock portfolio is sound. "Know what you own," he insists. "Describe it to me. Tell me what it does and why you bought it, and give me a three-sentence pitch about why it's good."

If you can make a clear case as to why your holdings are solid stocks, your portfolio should be a-ok, Cramer states.

To be sure, don't go nuts buying different stocks during the correction, Cramer said. "Unless you're running a mutual fund, there's no reason to own a large number of stocks," he argues.

Rather, "I want you to hold between five and 10, but not more than 10, high-quality, diversified names."

Not everyone shares Cramer's enthusiasm for stocks at this point.

"Investors have become a bit more cautious about earnings and about the pace of global growth," Kate Warne, a principal at Edward Jones, tells The Associated Press. "That reassessment is leading to a bit more caution on stocks."

The International Monetary Fund Tuesday revised downward its estimate for global economic growth next year to 3.8 percent from 4 percent previously.

Read Latest Breaking News from http://Newsmax.com www.Newsmax.com/Finance/C.../id/599413/#ixzz3FgTFXwWS


Poster Comment:

The only problem with owning stocks is, do you recall the Crash of '29? The brokers were jumping out of the windows on Wall Street because they lost everything. ;)

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#1. To: BTP Holdings (#0)

Screamer is so, so wrong that it hurts.

Real estate has created more wealth for the people than any other medium.

“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken

Lod  posted on  2014-10-09   17:40:28 ET  Reply   Trace   Private Reply  


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