Jim Cramer's Real Money: Sane Investing in an Insane World

Buy and Homework

I won’t be shy about it: I really enjoyed this book. If I were to rank the books I’ve read so far in this series, this one would be a strong #2. Not only was it enjoyable reading, it was also informative and it didn’t talk down to me as a reader,

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7.1

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2.0

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Foundation

Not really a trading related book but solid foundation and you should definately read it if you are starting out , More meant for investors or long term position traders but this stuff is foundational , so you do need this , One of the books i started out my career with

Trust Score

6.3

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Great Introduction

I think this is a great book for beginners and people who would like a basic education in investing on their own.

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1.0

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Not Great: But better than I expected. It is from Cramer

If you're new to investing in equities, this book would be a good starter. Jim puts alot of emphasis on stock selection, and not enough on money managment. In my opinion, I value money mangment over stock selection overall. I like the book overall but when you jump from texts on how to quantify market & credit risk and advanced texts on options, it didn't stand out as a "golden text", like some have made it out to be. Another thing is that you can't go more than 3 pages at a time without reading how Wall St has an IQ of 45 or how good he was at his hedge fund, Come on Jim, give us a break!

Overall I'd say it's a good read, you should buy it, it's a good take from someone who after all, ran a profitable hedge fund for a decade or so. But again if you're new to equities, I'd STRONGLY recommend Marcel Link's "High Probability Trading", it's the best text ever for any level in terms of overall content.

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5.7

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Rookie mistake

Cramer will reel in the rookies (including me) with his flair but in the end following him is a big mistake. In this book when he talks about losing 90 million dollars in his hedge fund one day at first I thought "Wow! how did he recover from that?". Later I realize that he never used his own money like I was - he worked for a hedge fund. Big difference in emotions and approach to the stock market. Do not take this book seriously as an investment guide or as sound advice. I like books that have proven themselves over time such as The Battle for Investment Survival by Gerald Loeb (founding partner of EF Hutton) or How to Trade in Stocks by Jesse Livermore (famous for shorting the depression) are a couple good ones that come to mind.

Trust Score

1.1

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Knowledgeable

After telling the story of his own trading days in Confessions of a Street Addict, Cramer appeases fans hoping for advice on how to duplicate his success with their own investment portfolios. But not without some strong caveats: his approach requires devoting at least an hour a week to educating yourself about each stock you own. But since most pros are "rank amateurs themselves," anyone willing to do the work should consider getting in. Cramer breaks down the fundamentals of his investment approach, built on the twin principles of diversification and speculation: while most of your portfolio should contain reliables like oil, financials and blue-chip companies, 20% percent of your money should go toward a slightly riskier bet on a company's future ("owning a stock is a bet on the future, not the past"). He also explains techniques for figuring out when to buy rock bottom stocks and sell the ones that have hit their peaks. Cramer drills his main points over and over, which can get repetitive on the anecdotal level but reinforces the simplicity of his message: investing is for anybody willing to put the time into learning how to do it right. His enthusiasm should prove inspiring, and even investors on the wrong side of Wall Street's recent shakeups may find the courage to get back in the game.

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6.5

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Cramer Knows Marketing and does it again here

Everyone follows Cramer because of his show and his namesake but this is the type of book I'd expect parents to be reading in their late 50's not someone who's interested in becoming a trader. Jim touches on the ways to invest smart when the rest of the market isn't acting rational but I feel like he touches on a lot of tops that if you've watched his show before you'll already have known about.

What a great gift for father's day? Buy this book and skim it quick then wrap it up as a gift.

Not for those who wish to be traders or for the people who've seem Jim's show a million times before.

You have to be able to see between the smoke and mirrors of this dog and pony show.

Trust Score

9.0

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Same Old Cramer - Great Read, Wont Necessarily Make You $$

Read this book years ago when I was about 15, and I must say Cramer's book was definitely what got me into trading and has made me decide to make it a career. Though, at the same time I have never really used any of his 'techniques' (if he has any). One of his picks, KBR in 2008 made me a lot of $ to get on track, I bought far too early as per his advice and the stock tumbled 50% over the next few months. However, I wasn't fretting and it came right back and I sold at the highs for a nice 60% profit on my investment. Take what he says with a grain of salt as he is much ridiculed by day traders and thoes looking for more short-term swings. His approach is more value based investment, considering industry trend and P/E.

Cramer, bottom line?

Dont take him too seriously, and with his light-hearted/crazy approach he makes that pretty clear. Excellent place to start but you aren't going to make a career off of Cramer's picks, but hopefully you can find some interest in the industry and motivation through him to get you more into other areas of investing.

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9.3

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The world's highest paid pumper!!

Don't know about the rest of you but I think he is a complete idiot, but I must admit he does make me laugh.

When I saw the book I simply had to buy it.........lol

The info is very basic and geared towards the 80 year old lady who trades with a small amount of her late husbands money in between knitting circle and bridge.

Booo yea Jim

Trust Score

5.0

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