Buyer Beware: Picking stocks from the TV
21 August 2007
by
Jb
Filed under
Uncategorized
Interesting. Picking your stock portfolio based on Jim Cramer’s advice isn’t the best thing for your portfolio. According to the article on Yahoo.com, Mr. Cramer’s picks haven’t beaten the market over the last two years. Now while his show Mad Money states that you should do your own research before purchasing any stocks, I’m sure a lot of people buy a stock simply because Jim Cramer talked about it. The stock market is a volatile place to be placing your money, so it’s always wise to do research before buying. My brother in law spends several days to a week researching a stock before buying it. I don’t like to spend that much time researching a stock, which is why I don’t invest in equities. I do invest in mutual funds, and I do research those before investing, but thankfully the tools available for that are a little easier to manage than the stock market research.
So do you invest in the stock market? If so, do you research, and how much?