Jim says college students should take on more risk, especially if they plan on paying off their debt.
Comments
I don't understand why being risk averse as a young investor necessarily equates to failure. What if my plan in investing isn't to become rich quickly but to have a guaranteed, steady side income? I'm completely new to investing, so maybe I'm missing something.
Stick a monicle on him, and..."Hooooogan!"
So says the genius that said, "Hold Wachovia". This guy is not a guru, he's an entertainer. Invest in an American Funds mutual fund, or invest in an S&P 500 index fund. Do not invest in this guy's stock picks. He's not a mutual fund manager, he's not privy to what they know. Many of the mutual fund companies have a research team that walks through the doors of every company they choose to buy or not buy. Do you think Jim Cramer has that type of information that these people whose occupation is to research companies for a living. Absolutely not. You might get a fortunate tip or two from the guy that is flying blind. But in the long run, you will likely significantly trail the market. It might be fun for you to try, but it doesn't generally work and history has proven that. On average, a self directed account has produced an absolutely dismal return compared to the market. It's not even close. Good luck.
Everybody check out NECA (New America Energy Corp). They are a lithium exploration (and soon lithium production) company. In addition, they are launching a Title loan franchise which will bring in great revenue. This is a great long term play because right now the stock is dirt cheap and way undervalued. Check them out, do your due diligence and help spread the word!
"risk is a factor of age..."
What difference does it make if I trade the same way when I'm 20 or 60 and I get the same result?
Is it because of the mindset? Or the amount I'm likely to invest? Or for the sake of gaining early experience? Or something else....?
@aahywdh
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@pznropa
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@ahmvthv
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@markofied He's required to disclose all of his holdings, which he does constantly. He also posts all his holdings on the Web for all to see.
These media personalities who deal with stocks & finance have so much power to grow their own portfolios that for the little guy to listen to their advice is foolish. Everyone read THE DEADLY ART OF STOCK MANIPULATION
I have an aggressive growth forex fund that is open to all you students interested in investing.