Jim Cramer (Host of Mad Money) 00:00.560
All night, I've been making the case for my new investing playbook. Put half your money in a cheap index fund and then put the other half in a portfolio of five individual stocks and one non-stock hedge like gold or Bitcoin. This is all laid out by the way in how to make money
Jim Cramer (Host of Mad Money) 00:14.560
in any market. So far we've been talking about why it's worth picking individual stocks, but now I want to talk how how you do it. As in what the heck are you supposed to identify the five stocks that are worth owning in your portfolio out of thousands of stocks that trade in
Jim Cramer (Host of Mad Money) 00:28.280
the United States. What you One, big picture, are stocks that meet two criteria. They need to be observable, meaning you can see what the companies do, and they need to be doing something that you're genuinely curious about. Is it really that easy? Of course not. But those are
Jim Cramer (Host of Mad Money) 00:42.600
the first two questions you need to ask because if it's not observable and it's not something you're curious about, then how will you ever put in the time to find out if it's even worth owning? Believe me, you'll stop. Now, say you're getting started and you spot a company that
Jim Cramer (Host of Mad Money) 00:55.960
jumps out as winner. You can feel it in your bones, but let me be Odds are, you're wrong. Right here is where most people make the worst mistake. They somehow feel that they know more than the market does about a given stock without doing any research whatsoever. The truth is
Jim Cramer (Host of Mad Money) 01:11.360
you'll never know more than the market does unless you have inside information, but if you trade on inside information, you're going to go to prison. Like I mentioned before the break though, you should have an edge when you invest in something, but these days that edge likely
Jim Cramer (Host of Mad Money) 01:22.840
won't come from knowing information that others don't. 1 2 3 4 5 6 7 8 9 10