Estimated read time: 1-2 minutes
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Oh yeah. This one is worth the price of admission for sure. I am a fan of Jim Cramer, although I can't watch more than about 5 minutes of Mad Money on TV. I prefer him in interview formats when he's not screaming so much. But I love his ideas. I love what a straight shooter he is. And I love how he reviews some basics in this book, plus offers news and pointers I've not read in his other books.
Cramer says things like this when talking about researching stocks, "Be honest with yourself: if you don't have the time or the inclination to do this work, then I'm begging you, please don't try to invest in individual stocks. I'll tell you all about other investments that can still make you money, but owning stocks without homework just isn't on the table."
That's what the book feels like. Cramer spends the first part of the book reviewing the basics - saving, how to not get poor, planning for retirement, the five big 401(k) mistakes. Then he spends the second half of the book getting into it - stocks he recommends you buy for your kids to get them interested in investing, 20 new rules for investing (worth the price of the book by themselves), what the pros do right and the amateurs do wrong. He even picks 20 stocks he thinks will do well for the long term. You could buy stocks off this book (but remember - you've got to do the research.)
I love a tune-up like this book. I recommend Jim Cramer's Stay Mad for Life - Get Rich, Stay Rich (Make Your Kids Even Richer.)
