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Jim Cramer's Real Money: Sane Investing in an Insane World (Audio CD)
by James J. Cramer
| Category:
Investing, The art of investing |
| Market price: ¥ 328.00
MSL price:
¥ 298.00
[ Shop incentives ]
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| Stock:
Pre-order item, lead time 3-7 weeks upon payment [ COD term does not apply to pre-order items ] |
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MSL rating:
 Good for Gifts |
| MSL Pointer Review:
Full of a top trader's sane advice, this book is a recommended reference for stock investing. |
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AllReviews |
1 Total 1 pages 9 items |
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Mark, Brazzo (MSL quote), USA
<2007-01-18 00:00>
Jim Cramer's new book was a pleasure to read and I would recommend it anyone. Many of the reviewers on this board have stated the book is for beginners or it contains no unique or complex trading strategies. I disagree. Jim shows that there is no excuse for not doing homework on a stock and you HAVE to understand the basic financials of a company and understand some of the basic sectors and how they move with seasonal economic cycles. This sounds so basic in the eyes of many people but few follow his sound rules.
The bottom line here is that you must do research on companies you want to invest in and you need to stick to some simple, common sense trading strategies. One of the hardest things to do with individual stock investments is knowing when to sell, and Cramer drills this into your head and makes you aware that there are circumstances when you must take your profits or cut your losses and move on. His explanations and real-world examples are hilarious and informative, just like his TV show. Don't be afraid to buy this book, its great and you just might rediscover some of the most important and basic fundamentals that you have forgotten over the years. |
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Garrett (MSL quote), USA
<2007-01-18 00:00>
Good book that gives great tips on investing. I watch James Cramer's television show regularly and do follow his tips on investing as well. His advice is simple, relevant and focused, as was this book. Well written and serves as great reference. His discerning thoughts enhanced my knowledge about the art of investing. Highly recommended. |
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Jason (MSL quote), USA
<2007-01-18 00:00>
You can't deny the popularity of investing guru Jim Cramer. He's become an icon. But should you read his book Jim Cramer's Real Money I think you should.
First off, fans of Jim Cramer should read this book no questions asked. I mean who wouldn't enjoy a book that starts off with "I want you to be rich. Really rich."? If you're a fan of the TV or radio show, you'll get more of that same old Jim you love.
Besides being a quick and entertaining read, Real Money can be a useful part of your investing education. I believe that investors of all levels can benefit from this book. For new investors, Real Money does a great job of explaining the basics. For intermediate investors, Jim's anecdotes and rules can help you stay disciplined. Advanced investors will at least have a chance to better understanding a man who has a noticeable effect on the market and holds a lot of sway with many of today's small investors.
In Real Money, Jim comes off as a guy who doesn't like investment rules. His least favorite rule (something that may be universally out of favor these days) is the "buy and hold" mantra. Of course, this doesn't keep Jim from having his own rules. He devotes an entire chapter to the "Ten Commandments of Trading" and 25 other "Stock Picking Rules to Live By." This includes his version of "buy and hold": "buy and homework".
What is homework? Well Jim won't lie to you and say that investing is easy. In fact, he suggests that people spend at least 1 hour per week per holding to keep tabs. And it can take even longer to properly research a stock before making a purchase. All you need is time though, and Jim gives a few ideas for how to spend your homework time: listening to earnings calls, reading news on your stock and sector, following up on the competition, etc.
For those that don't have enough time to run their own portfolios, reading Real Money can also make you a better "customer". You'll learn a bit about how your money is being handled by mutual funds and how exchange-traded funds (ETFs) work, but you won't find much in the way of specific recommendations. The book is focused on teaching how to make good decisions rather than giving specific stock picks.
By far the biggest thing this book has going for it is that it is an easy read. And I mean this as a compliment. You'll have to make it all the way through the book to get it, but Real Money has some of the best explanations of common stock ideas like P/E ratios and Limit Orders I've ever read. (This topics may be old hat for experienced investors, but newbies should appreciate it.) In chapter 2, "Getting Started the Right Way", Cramer explains what a stock actually is and how prices are set. He also explains more advanced trading concepts like short selling and options trading in an easy-to-understand way.
Some of the other insightful moments of the book include the "cyclical investing and trading" chart (found on page 115). This chart follows the rollercoaster of annual national gross domestic product (GDP) growth and Federal Reserve interest rate hikes and eases, explaining what sectors are good to buy when. For instance, according to the chart, towards the end of the Fed's tightening schedule (like now - 3/20/2006) you might want to look into buying medicine and supermarket stocks. Jim's chapters on how to spot stock moves, market tops, and market bottoms are also useful.
Overall, if you're looking for a trading manual, this may not be the book for you. But if you're looking for a book to get you into the investing frame of mind, to refocus on your discipline, and learn a few things, Real Money may be right for you. |
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T. Limburg (MSL quote), USA
<2007-01-18 00:00>
Get this book. Forget what you "know" about the stock market because you are about to relearn everything you thought you knew. Let's face it, US education systems just don't teach you about making money, how to invest, etc. So, Jim Cramer delivers an awesome book about getting you on the right track
Firstly, Jim Cramer has made many people a lot of money. I can remember being a teen of 16 years of age when I got into the stock market in the summer of 2000. Everyone, including me, was making great money in the tech sector. I was invested in semiconductors when Cramer came onto CNBC and started warning about the tech stocks. I decided to take my gains while they still existed. I had made more than 100% on my return anyway. A few weeks later, the stock I had owned was back to the price I bought it at, and the next few years are all known history. Had it not been for Cramer's expertise, I would have lost money in the tech blowup like so many others. But I didn't.
I have been paying attention to Cramer for over 7 years. I'm 22 years old. And I will continue to follow his strategies (as well as develop my own) and advice for a long time. This book will show you how to start. The detail is amazing!
You may read this book and feel that it is repetitive at times. I've come to find that this is not because Jimmy had to fill space, or just wanted to ramble. This is his teaching methods of repeating the strategies and terminologies until you know and understand them as he does. It is the only way you will be a success as so many who follow Cramer's advice have been.
The book is full of ripe, refreshing ideas that are proven with hundreds of millions of dollars invested and made, over 15 years of experience, and energetically presented so you'll be interested the entire time. I was actually surprised at how open Jim is in letting you in on investment strategies he has been using for decades. To me, it shows he is dedicated to the private investor, and not to the money in his pocket! You can be confident that this book is the best ever written in its class! It is such a head turner that even Wall Street news reports now track Jim's investment advice he gives on his daily TV and Radio shows as a separate watch for price changes. He's that important! And now you can pick his brain just like so many have wanted to do for so long, and never leave your living room to do it. It is a book that everyone, even your young child (like I was when Wall Street got the best of me) will understand it and be ready to invest strategically and effectively in their adult life. And with retirement, sustenance, and the building of wealth as important as they are in the adult world, you and they both will treasure such knowledge! Thanks Jimbo! |
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G. Dwyer (MSL quote), USA
<2007-01-18 00:00>
I've become a Cramer-aholic. After finishing his biography (which was excellent) I quickly scooped up his book on investing. Ever since the dot com craze I'd lost interest in the stock market, but Cramer's historical record of success piqued my curiosity in the market again.
The book dispenses a lot of useful advice. It starts from scratch, and in the beginning the book seemed a little too basic even for an amateur such as myself. However, after a couple of introductory chapters the book dispensed some useful wisdom about how to evaluate stocks and companies and some more useful information about where your money should be placed depending on what phase of the economy we're in.
I told my friend, who is a wise man and a studious investor, that I was a big Cramer fanatic and he laughed at me. "He's a buffoon. I've seen his shtick on TV with those sound effects and stuff..." Don't be fooled by all of that. The man knows his stuff, and this book will teach the average investor how to increase his wealth. |
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Jackie Fenton (MSL quote), USA
<2007-01-18 00:00>
Prior to reading this book, I had been following Cramer on his TV show. I have made 20% on my money in only 5 months. Cramer's book is excellent. He shows you how to value a stock by its multiple, how to determine which stocks to buy and sell at different stages in the growth of the economy, when to buy and when to sell generally. He says you only need to have 5 stocks in different sectors, but make sure you keep abreast with all the news relating to your stocks. His motto is buy and homework. I had lost money in the 2000 downturn and had become fearful of the stock market. I am now happy to participate, always with stop losses. All in all, this is an excellent book for the working person who wants to become a successful investor. |
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Michael Randozzo (MSL quote), USA
<2007-01-18 00:00>
I'm interested in becoming more hands on with my investments and I needed a little information that would help me make informed decisions. I think I'm smart enough make good choices with my money and just needed some guidelines.
This book is a good starting point and gives some basic points on how to find a stock that's worth buying. It also advocates having a good solid understanding of the underlying company. I have officially changed my stance from being a "buy and hold" kind of investor to a "buy and homework" investor. I really think it will protect my assets and may help me make money.
I didn't see too much self promotion in the book. He did direct the reader to "thestreet.com/under10", which costs money to see a list of companies that have postential of making money. I think the book offers enough information for the reader to find those stocks on their own. |
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Don Mitchell (MSL quote), USA
<2007-01-18 00:00>
The lure of fast money has always drawn those with gambling instincts to the financial markets. Successful hedge fund operators, like Mr. Cramer, have learned valuable techniques for using combinations of financial leverage, intense homework and careful attention to find more trading winners than losers in fast-moving securities.
Naturally, it's then exciting to tell your gut-wrenching stories of hard-fought wins with beginners to make them feel like part of the fast-money crowd. It's part of what draws people to attend events where celebrities are present.
But few people will be able to read this book and start making great speculative investment decisions. But many people will think they can.
If you want to read this book for fun, that's fine. Just don't start following this advice. Real Money won't get you there.
Here are the best lessons in the book:
1. His explanation of how sector rotation among industries occurs along with tightening and loosening of interest rates by the Federal Reserve.
2. Diversify to control risk.
3. Beware of Wall Street hype.
4. Check hope at the door.
5. Giving up on value is a sin.
6. Buy damaged stocks of good companies with great prospects.
7. Don't buy all at once.
8. Do your homework and stay on top of your positions.
9. Keep most of your money out of speculations.
A major weakness of the book is that Mr. Cramer focuses on the U.S. markets at a time when the gains from non-U.S. markets have been magnificent. That's like teaching someone how to use a portable calculator to create spread sheets rather than using Excel on a portable computer. |
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An American reader (MSL quote), USA
<2007-01-18 00:00>
I was given a copy and unless you want to day trade, there is no true way for you to make money through this book. Stick with the basics (which he does cover) but please stay away from his "speculation" tactics.
He admits on his show that you should only use his investment ideas with your "Mad Money", and it's for a good reason. His following (just like lotto ticket buyers) is strong enough to power swings in the market, but if you're not ready to trade daily, you stand a 50/50 chance of losing. I have tracked him for months along with the guys from the Motley Fool. Cramer will get in and out several times on speculation while the Fool sticks in for the long term. My point once again is that his advice is meant for day traders, hedge fund owners and short sellers. The guys at the Fool have beaten Cramer hands down. Yes I'm a Fool, but I do my own due diligence and don't blindly follow anyone. I will retire early thanks to long term strategies, dividend reinvesting (DRIPs)and buying without a circus clown telling me what's hot. I respect Cramer for what he has done, but certainly not for how he's done it.
Check out his relationship with his partner at The Street.Com. There is suspicion of naked short selling on several equities
http://www.nfi-info.net/index.html(call his show and ask Cramer about Novastar Financial (NFI) sometime!) and it never fails that Cramer routinely "mentions" competing equities with a possible hidden agenda. He's right when he says he's not out to make friends!
The main reason I don't like this book is more that Cramer tries to endear himself to you as a common man on your side. Personally I don't believe anything could be further from the truth. While his basics of the market are sound and it's well written (by a ghost writer), I believe his intent is to help promote his show, support moves by his hedge fund buddies and endear himself to improve his following so the market swings he can create become more profitable for the big money people. If you are reading this, then you probably can't afford to trade in blocks of 10k or better and you aren't privy to when Cramer's true friends are going to close their positions. If you can get a copy of his daily script and invest thousands into the equity BEFORE it airs, then follow the man to the ends of the world. Otherwise be prepared to buy and run or you'll be a Cramer pork sandwich special.
Buy this book only if you:
1. already understand the basics of trading/investing
2. promise yourself you will never trade with your retirement money based upon his recommendations. Even Cramer himself tells you that in his disclaimer.
3. don't want to know anything about trading options
4. want a fun read but don't need to know about funds
5. can't wait for it to show up at your local library
Just be careful, borrow the book and spend the $15 on some good coffee to drink while you do your own research!
(A negative review. MSL remarks.) |
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1 Total 1 pages 9 items |
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