Mad Money w/ Jim Cramer Mad Money w/ Jim Cramer 12/23/24
Dec 24, 2024
Discover essential investment strategies focused on discipline and the importance of incremental buying over lump sums. Learn to distinguish between damaged stocks and fundamentally unsound companies with real-world examples. Dive into the significance of thorough research and diversification to manage risks effectively. Explore strategic selling practices during market downturns and the benefits of maintaining a concentrated stock portfolio. Plus, hear about engaging investment strategies from a community of listeners, including dividend reinvestment tactics.
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Discipline Over Conviction
- Prioritize discipline over conviction, even if you strongly believe in a stock.
- Sell when your rules dictate, regardless of your enthusiasm.
Bulls, Bears, and Pigs
- Avoid excessive greed in investing; secure profits to stay in the game.
- Don't get too greedy, or you'll lose your winnings.
Accept Taxes
- Accept paying taxes on investment profits as a necessary part of investing.
- Don't let tax concerns prevent you from securing gains.