22 of 29 people found the following review helpful
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This review is from: Jim Cramer's Getting Back to Even (Hardcover)
I really like the book. Thanks Jim Cramer for the investment insight again.
1. One thing what Jim talks about is how the mutual fund play in the stock market.
2. This is important you need to buy stocks when the market is in a uptrend and a stock which is hitting the 52 weeks high is going to go higher.
3. Also investment is about gaining knowledge.
4. One other important lesson in investment is how and when to sell your stocks.
5. The most important rule as I learned from William O Neil or IBD ( Investors Business Daily) is sell a stock when it goes below 8% of your purchase price.
6. If one had followed this rule people would have conserved their hard earned capital in 2001 and 2008.
7. Jim covers in details about Visa and Apple, two powerful stocks for the next 5 years atleast.
8. Its true what he has stated stocks have produced the best return if we go back to last 8 decades.
9. But in investment one needs discipline, understanding, patience, when to buy, when to sell.
Lastly I would encourage retail investors to do their own research and homework. For that along with Jim Cramer one should be a a serious reader of
Investors Business Daily. In fact even Jim reads it. If you look at his recent shows he talks about arcsight, Salesforce, Apple, Visa , Flir systems they
are all covered in detail in IBD. One place where Jim lost out this year in 2009 was in Chinese stocks. He kept talking about Chinese ETFs whereas the
reality was when the uptrend started in March 2009, it was led by Chinese stocks like SNDA, NTES, PWRD, BIDU, ASIA, RINO. They were extensively covered in IBD.
To be a successful retail one needs to be diversified in their research as well. So combine IBD with Jim's books and also the book of Jesse Livermore,
Gerald O Loeb, Nicholas Darvis and one will be a winner in the long run.
Investment is a long term process of learning. Good luck and best wishes.