A stock. No matter how enthralled you are with the underlying company, if the rules say sell it, sell, sell, sell, sell, you sell it. One thing ive learned in my investing career, no matter how much you might believe in something, you violate the rules of the road at your own peril. But where the heck do these rules come from . Its not like they were handed down from on high and carved into stone tablets theyre not like the laws of physics. No the rules come from experience and particularly my experience ive spent nearly 40 years in this business. And in that time, you Better Believe ive learned some powerful lessons in many cases i learned them the hard way and because i dont want you to repeat my mistakes, because i do want you to have the benefit of my whole career, tonight i want to lay out some of my most important rules for investing. The stuff i really live by some of the stuff may seem basic, but again, you forget the rules at your own peril. Back at my old hedge fund, i would occasionally convince myself that it was okay to make an exception, to have a cheap day, to ignore my discipline for just this once it seemed compelling at the time, and when i broke my rules, lets just say i got burned. Its like that old joke about the guy who goes to the doctor and says doctor, doctor, it hurts when i stretch out and shake my hand around and the doctor replies dont do that. Lets stick to my moist importat rules. Bears make money, bulls make money. And pigs they get slaughtered look, i say this all the type. So often in my career, ive seen stocks went up so much that people were intoxicated with their gains. They will swear theyre geniuses too. However, its this intoxication that you need to remind yourself not to act lake a pig. I first heard this phrase at the steinhart partners id be having a run on a stock and the legendary Michael Steinhart would tell me i had made a lot of money, perhaps too much money and perhaps i was being a pig. I had no idea what he was talking about. Not that long after, we had a vicious selloff and i gave back everything i made and then some. Bears make money, bulls make money and pigs get slaughtered so now its so deeply engrained that i have a barnyard of sound effects. Just to be clear, bulls dont have a monopoly on piggishness the exact same idea applies to investors who press their bets too aggressively on the short side other than a dotcom burst and the crisis is 2008, 2009, most did bounce back pretty quickly if you stayed short, if you were a pig, bet being against tting e market when it was going down, you got slaughtered. How do you know youre being a pig . You dont need me to tell you when youre being a pig. If you didnt feel greedy when we hit an alltime high on the nasdaq in 2000, after a 3,000point run in no time flat, you dont need an investment adviser, you need a psychiatrist if you let your winners ride you lost a fortune if youre Walking Around owning a huge amount of stock in 2008 as the banks started dropping like flies, you were beyond piggish. Why is this rule so important . Its simple. One of my chief goals is to help you stay in the game the hardest part of investing is holding onto difficult periods, taking shortterm pain so you can have longterm gains the people who got wiped out by the dotcom collapse tend to be the ones who never took anything off the table. Where did they live . House of pleasure they never felt guilty in their piggishness and it got them slaughtered same goes for those who never came back from the financial crisis being cautious in ringing the register near stops ended up keeping you in the game. Thats why i remind people every day, have you taken out your profit have you booked any gains at all . Or are you being a pig because you never know when stocks you own are going to really get crushed you never know when the market could be just enough, elevated you cant have certainty if you assume stocks will keep going up forever in a straight line, i think youre going to be in for a world of hurt sure, there will be times when stocks just keep going and going and going. When i termcoined the term fan loved them all i felt like a pig for the stocks with profitable move, but then i felt like a fool when it kept on galloping, but that is the price you have to pay for following these rules. You need to recognize that for every huge pile of cash that gets left on the table with a situation like amazon, youre sidestepping gigantic losses like the kind you would have had if you had it stuck with the market in 2000 and 2008. Experiences that turn two generations of investors against stocks, maybe forever. So never forget, bears make money, bulls make money and pigs get slaughtered. And ill keep repeating it forever with the sound effects, because it is just that important. Ra rule number two okay its okay to pay taxes no one has ever liked paying taxes, but like death, taxes are inevitable and unavoidable but the aversion on paying taxes on stock market winnings often borders on the pathological. So many times people have gigantic gains but refuse to take any profits because they dont want to incur taxes to cut into the winnings. Wall street is littered with broken hearts of investors who made this kind of mistake. A couple years ago i went to a presentation from a Prominent Hedge Fund manager who recommended buying the stock of macys because of the real estate value the stock had already run a great deal and it was ripe for profit taking, but i knew people who had owned it for years with hefty profits and didnt want to ring the register. Why . They would have had to write a check to uncle sam the next thing you know, the stock of macys is obliterated, cut in half and it wasnt a two for one split. The mall had hit a tipping point, courtesy of competition from amazon and the darn thing just got crushed those who didnt want to share the profit with uncle sam ended up with no profit at all what kind of gain is that . A profit on paper is not the same thing as a profit in your bank account gains can be ephemeral the last thing you need to do is be worrying about Capital Gains taxes. When its time to sell, you sell in short, stop fearing the tax man. Start fearing the loss man and im not saying blow out of everything im saying take some profits bottom line, remember my top two rules. Bulls make money, bears make money. But pigs and dont be greedy. And a variation, if you cant pay the taxes, dont be so worried about taking a taxable profit, because you may end up with no profit at all. Chris in ohio. Chris . Caller hi, jim, thanks so much for having me sure, chris good to have you caller so my question is, we have about 1,000 of disposebling income. And neither of us have a 401 k match with our jobs, so were trying to figure out, we have a mortgage, were trying to figure out what would be the best thing to do with that extra 1,000 of disposable income. Thats what an index fund is for. You can take 10 of that and use it for mad money, buying a share of something and thats ago, my first stock trades were one share, five shares, seven shares, but you need an index fund to get started until you build up wealth how about jock mow in illinois caller you talked about younger investors should stay away from riskier Asset Classes until they have 10,000 allocated in mutual funds or Exchange Funds yes caller now my question to you is seeing all this crazy bull market, seeing the market ramp up, cryptocurrencies go up. If i dont have 10,000 invested in mutual funds, what should i be doing should i let opportunities pass, wait it out . I totally understand, a young person, look, i want people to be able to save. That thats my principal goal if you want to put some mad money aside and do what is potentially gambling with it i understand but if youre saving that way with some risk, im okay with it, but i cannot back away from index funds as the fundamental of how you invest. Jeff in california jeff caller hi, jeim, this is jef at lake tahoe. Thanks to you and your staff for your Informative Program i have a twopart question pertaining to Interest Rates and yield curves can you explain to us home gamers how, what a flattening yield curve means and more importantly, why did the analyst say when theres an inverted yaeld curve that it portends a recession coming and the last part of my question is, what happens if the tenyear tbill goes to over 3 , how will that affect the stock market in 2018 . And grab your seat and come out and see us in tahoe. I love lake tahoe i used to play cards in nevada fed has raised rates too high, the rest of the curve goes down out five, ten, 20 years. That is a curve that has shown, in many cases to lead to recessions, but in other cases not. So im not hard and fast in that rule i do think that as rates go up, business does slow that thats undeniable. But we are at such a low rate and business is so strong that we can afford it mike in california mike caller good afternoon, mr. Cramer mike. Caller listen, two things, one first, thanks for taking my call, thanks for leading us ninetofivers down the road to extra money. My pleasure caller i now youre in a hurry here no, im fine. Caller its concerning dividends. Yeah. Caller just want to know, do you take the money and put it in your pocket or put it back in the stocks, and if you do, how do you make that work and how do you set it up . You do have to do dividend reinvest its a checkoff basically, but you have to. My trust will not allow it to. Its always hurt the performance, i always tell club members, reinvest. Take that money. Theres nothing like the compounding of the great compounding that you get, particularly with stocks that have good dividends. All right, remember my first two rooms, bulls make money, bears make money, and pigs get slaughtered. Please dont be greedy, please be disciplined and dont be afraid to pay the tax man on profits you earn. Its a lot better than riding things to losses take some off the table. Much more mad money ahead. Im putting my nearly four decades of experience to work tonight, counting down the most important rules for investing to help you navigate the market stick with cramer. Dont miss a second of mad money. Foll follow jimcramer on twitter. Tweet cramer, mad tweets. Send jim an email to mad money cnbc. Com or give us a call at 1800743cnbc miss something head to mad money. Cnbc. Com your friend just marea. You like her. Shes really good at social media. She buys stocks in companies that stand for something. You like her. Shes always up on the latest trends. She got in early on the whole goat yoga thing. And her sunsets are always nofilter. You like her. But youd like her better if you made more money than she does. Dont get mad at just marea. Get eatrade. News flash at the end of the day, were only human if you remember one thing about being an investor, thats it no ones perfect everyones infallible. And its inevitable that well make mistakes. Thats why if youre going to own individual stocks you need to set a follow of rules, rules that are designed to protect you from yourself. Rules that i learned the hard way, and that brings me to my next commandment this is a real important one never buy a stock all at once. I cant stress it enough do not under any circumstances buy all at once. No broker likes to fool around with partial orders like im telling you to do. The game is to get the trade on at one level in a big way. Make the statement buy get the position on the sheets or in the portfolio. But from where i stand, thats all wrong. 100 wrong you should never buy all at once, and you should never sell all at once. Instead, what i want you to do is stage your buys, stage your sells. Use this, the term we use on wall street is work your orders. Try to get the best price over time, and monot necessarily in e day, maybe multiple days when i first started out as a professional money manager i wanted to prove to everyone how clever i was if i felt like buying caterpillar, buy it all, buy it now, i was so sure i was right put me up on 50,000 cat id say. No one could be smarter than i am, do it big. When i think back about that young cramer with a mostly full head of hair, i was one arrogant son of a gun i was arrogant and wrong what was my mistake . If you want to buy 50,000 shares of caterpillar, you dont pick them all up at once. What happens if it goes down immediately . You feel like a dope never buy all at once. Instead, i should have been buying cat in increments of 5,000 shares i know it sounds measly if youre a professional, but believe me, im right. You can hope it goes down so you can buy more at lower levels and get a better cost bases. I know the institutional guys are saying, jim, 50,000s nothing. But you know what . I know longer trade in size as wed say, but i invest and whenever we have a new name to tell club members, we buy it in mall increments, say 500 shares at a time or smaller, over the course of multiple days when you buy all at once you are declaring that the stock wont go absolutely lower, dont you think thats crazy no one has that kind of insight. Judgment is infallible why dont investors if they want 500 shares in exxonmobil buy it in increments . They want it to be big too they dont want to waste the brokers time. The broker wants to get the trade done they would hedge when im placing incremental orders but its hubris to put stock all at once. Who knows . It may go into free fall right after. Thats why you need to resist making a statement when buying a shock. You know how often i got into the absolute bottom . How often the last price i paid was the lowest and then it was off to the races maybe one trade in 100 resist arrogance buy over days, humility beats hubris every time. Next rule, i want you to buy damaged stocks, not damaged companies. Lets is say the malls having a sale and pick up a piece of merchandise only to find out that its broken in the real world you can get your monday back aey back and. If you buy a stock and it turns out to belong to a defective company, you have to eat the losses thats why you need to be very careful to distinguish between broken stocks, names that are down for no particular reason, and broken companies which absolutely deserve to see their stocks trade lower without you sometimes damaged companies can be easy to discern when value started plummeting from the 2 hundreds with pharmacies it wasnt a good sale to rush toward valiant tumbled from 262 to the single digits. A lot of people thought it was worth buying at 150, it was like an Auction Going down. But the ongoing problems meant that the stock was down right toxic. On the other hand, sometimes stock will selloff that have nothing to do with the company, could be caused by etfs, washington or greece that doesnt mean theres anything wrong with the actual business how do we distinguish between a broken company and broken stock . Complicated question i like to develop a list of stocks i like very much. I call this my bull pen. When wall street holds a sale with the whole market coming down, i use that an opportunity to pick up the stocks on my list that was designed in a cool moment in a cooler head. But the bottom line is that you never really know. Thats why this rule works in tandem with the last one you never buy a position all at once what you think is a damaged stock might turn out to be a damaged company. If you take your time youre much less likely to end up with a large quantity of broken merchandise. Stick with cramer. And the wolf huffed and puffed. Like you do sometimes, grandpa . Well, when you have copd, it can be hard to breathe. It can be hard to get air out, which can make it hard to get air in. So i talked to my doctor. She said. Symbicort could help you breathe better, starting within 5 minutes. Symbicort doesnt replace a rescue inhaler for sudden symptoms. Symbicort helps provide significant improvement of your lung function. Symbicort is for copd, including chronic bronchitis and emphysema. It should not be taken more than twice a day. Symbicort contains formoterol. Medicines like formoterol increase the risk of death from asthma problems. Symbicort may increase your risk of lung infections, osteoporosis, and some eye problems. You should tell your doctor if you have a heart condition or high Blood Pressure before taking it. Symbicort could mean a day with better breathing. Watch out, piggies get symbicort free for up to one year. Visit saveonsymbicort. Com today to learn more. If you cant afford your medication, astrazeneca may be able to help. If you want to build a portfolio of individual stocks, a big if, since theres nothing wrong with getting it all from an index fund, heres the s p 500. Do the homework. Growing up, my kids hated doing homework they thought it was punishment sometimes when i looked at what they were studying, i found it pretty easy to sympathize with their point of view. Whats the reality of most things they teach you in high school how will it help you in life why even bother . I should take that back. But as a parent, ive always encouraged my kids to study, because you never know what youll turn out to be interested in later in life but i bring this up because many of you have the same attitude toward homework you need to do for stock. You suspect it might be just as irrelevant as homework seemed to be to my kids. When i told people to listen to the starbucks conference call, or netflix which is always about subscriber growth, if theyre going to own these stocks, they dont want to hear it. They just want to own it, they dont want to do anything. Doing homework means listening to conference calls, Reading Research reports they really want nothing to do with it they think im the teacher asking for way too much in this busy, 21st century world but thats plain wrong, people owning stocks without doing proper research, i regard it as just plain lunacy. You never want to do that. They know nothing but people still do it, and they do it for a couple different reasons. Theres the buy and hold school of thought you dont need to keep track of whats happening for the company because youre in it for the long haul. But on the on the other hand you have people who dont have the time to be that diligent for those of you who dont have the time i got the solution either get somebody else to manage your money or do the smart thing and invest in an s p portfolio. If you dont have time, you shouldnt be messing around with stocks back during the 1990s buy and hold became the end all, be all. Cngi, you got to look that one up the experts say if you holiday thin hold things for the long term isnt it supposed to work out . What is the homework before you buy a stock, listen to the conference calls. Go to the companys website, raid research, google the darn thing. Everythings available on the web. Everything theres so much more available now, that there is no excuse you arent up there begging at the gold man sachs library i can assure you that youll be soundly beaten by professional managers with good track records searching for highquality stocks all the time. More to the point im quite certain that any index fund can beat somebody who does no homework its not a strategy. Its just being lazy diversify, diversify, and then diversify some more. Always be diversified to control risk im a Firm Believer that if you control the down side, the up side will take care of itself. And controlling the down side means managing risk. Whats biggest risk out there . Sector risk. Stocks in the same sector tend to trade together, especially at extreme moments. Do you know that about 50 of the action in a given stock comes down to its sector in some of these areas pause of etfs its even higher. I dont care how great a tech stock was in 2000. Theres only one thing that can keep from you getting nailed by this sector risk and thats diversification. Thats why we play this game am i diversified ive been playing it since 2002. Its the only free lunch in this business but its the only investment concept that works up for everyone if you mix up enough different se sectors you wont be wiped out if something gets wiped out. How is it that anyone can still be undiversified i think it comes back again to the homework issue a lot of people simply dont know what they own they couldnt tell you if you bumped into them so they end up with stocks frighteningly similar. I field calls from people who think owning fang is a diversified strategy alphabet i call it faux diversification. No matter how much i might lock a stock at a given moment. I cant have stocks of exxonmobil, halliburton they leave you way to exposed that could overwhelm the whole group at once. Many professionals dont like to be diversified because of the bizarre way that monday amanageme money manage went works in this country. A Hedge Fund Manager can market himself as a huge success, get profiled by every magazine, raise tons of capital from unsuspecting investors who dont realize how much risk theyre tareki taking on. You always need to do your homework it may not be exciting or sexy, but this is the routine stuff that prefotects you from monste losses down the line mike in South Carolina caller hey, jim, its mike from South Carolina. Thanks for calling. Caller im a new investor, how many stocks should be in your portfolio i have about 30. Is that enough or not enough . If are you a real stock junky, you can take on a lot more its really not that big, but ten is about the maximum that most people can do dont do more than that because you wont be able to do the homework lets go to roberto in texas caller hey, jim, booyah. I just have a question about, im a new investor, im 29, a small amount, about 1500, i wonder how much to invest in index fund s p index fund. Then you start doing some mad money. Index funds keep you diversified. And we like to diversify, diversify, diversify sure, homework isnt fun, but you know what . Losing money worse. So stick with cramer look, i dont want to go all zen in the art of portfolio maintenance on you, but when it comes to managing your own money, you are often your own worst enemy. Dont take it personally, im my own worst enemy too. If you want to invest wisely, you constantly need to be fighting off your own worst impulses were not robots we have emotions, and those emotions can throw you off your game discipline trumps convince you follow the rules so you do the right thing even when your emotions are telling you to do the opposite nobody ever made a dime panicking. Yeah, panic. Repeat after me. Frankly, its not a strategy panic is not a strategy. Although you see it over and over again as if it is a stock gets hammered, then investors sell after the hammering. The markets get crushed. People bail at the end of the day. Something gets annihilated and people cant take the pain, so they bolt. Panic is the operating instinct in all of these cases. Theres something basic instinct about panic. If youre a stone age hunter gatherer who stumbles into a family of grizzly bears, panic can be helpful it tells you to run away but its in the a useful yes motion when it comes to imagining the stock market there will always be a better time to sell than in a panic, a better time to leave the table than whatever moment inspired you to panic in the first place. I was there for the flash crash. I watched the monitor for the ticker, and i couldnt believe what was happening people were dumping stocks simply because everyone else was dumping stocks they didnt even know why they were dumping, thats what a panic looks like i urged viewers right there on the set to pick a stock think love and buy it using limit orders so you didnt have to accept a price you didnt like the result, to this day people still come up and thank me for that advice during the flash crash. But i simply put my rule into practice i did the same thing back in 2016 when we had 1,000selloff in two days. I told people to buy down but using limited orders we got outstanding buys, simply because we stayed calm and took advantage of everyone elses panic. So the next time theres a big marketwide selloff and you file li feel like fleeing and never touching a sock agatock again, t you to take the opposite side of your emotion when you sigh one of those highspeed routs, why not buy a little the most rewarding trades you can make are those where the decks have been cleared out by terrified folks using market orders sell, sell, sell. Who they dont get that the exits are as big as they think they are theyre not all worth buying often when people freak out about an individual company, it could be with good reason. But i am saying that its a rare moment when you wont get some sort of bounce after big decline. So the next time you want to dump if dump everything, take a deep breath and wait for the rebound rather than rushing to join the fleeing masses you could get trampled ive got another rule that can help you handle big declines, ready . When the stock market gets unrelentingly negative, remember he who defends everything defends nothing. Granted they were talking about battle plans and were talking about portfolio plans, but the point stands, so he who defends everything defends nothing, what does that mean its about how you evaluate your holdings you dont need to worry about most of your positions, the more exposure to the bull the better, right . When youre on the defensive you you need to realize that many of the stocks you bought during t better times may not fit the environment. You cant hang on to everything you want to own. If you try to defend all your positions in a market that turns against you, thats a recipe for you to be blown out of the stock market and when i say defend, i mean, you cant treat a declining market like its a buying opportunity in every single stock in your portfolio and keep chipping away, if you do that, youll quickly run out of capital. And it leave you unprepared to buy more you need to get more selective, focus your efforts, thats why i rank all my stocks at all times. Ones are stocks i buy right now. Threes are stocks id sell that way id know which stocks i should defend when things get tough. I make this plan not in the heat of battle and i know which ones to cut or use the sources of capital to buy the ones. Its important that you dont try to hang onto the whole complex. Pick the best tech stocks that you want to buy in weakness, toss out the rest for cash use the newfound cash reserves to buy higher Tech Companies the ones that have no catalysts op only own because you want experience to the bull market. They get the heave ho. Karen cramer worked for me for years, used to call this circling your wagons the first few times you do it, youll curse yourself, because you might end up slaughtering stocks youve had for a long time youll realize how valuable this process is youll end up with great cost bases on the stocks you like Great Investors know how to ignore their emotions. The next time the market gets slammed, dont panic nobody ever made a dime by panicking. But also dont double down just with your eyes closed. Vicious negative markets can give you buying opportunities, but you need to focus on your capital, on your absolute favorites, rather than chasing bargains in lowerquality merchandise when it turns out they werent par gaibargains at. Rich in new york caller hi, mr. Cramer its a pleasure how are you caller im good, thank you could you please explain the technique of buying calls or if it could be or should be used by husband ho us home gamers to boost or pad our portfolios its a great question and the jerrien brothers have done some things and theres options actions. If you get the book getting back to even, i have a 100 opinion page exposition on how to use calls to limit your down side and get max number upside exposure getting back to even. David in california. Caller booyah, thanks for having me. Im glad you called caller quick question. For millennials who are somewhat momable abo knowledgeable, where should they invest their money other than fang theres a lot of fanglike names in different industries. I like aerospace, a longterm bull march kiket. I like a little foreign exposure maybe an etf that has europe, because europe is way behind where we are and will be that way for multiple years, and then i think you know what . If youre really young, why not look at some riskier biotech stocks youve got your whole life to make that money back remember, emotions have no place in investing they get in the way of making money. The next time the market gets slammed, dont panic selloffs can give you huge opportunities. But you need to do your homework dont chase and dont buy damaged merchandise, just damaged stocks mad moneys back after the break. nadia white the moment a fish is pulled out from the water, its a race against time. And keeping it in the right conditions is the best way to get that fish to your plate safely. dane chauvel sometimes the product arrives, and the cold chain has been interrupted, and we need to be able to identify where in the cold chain that occurred. tom villa we took our world class network, and we developed devices to track environmental conditions. This device allows people to understand whats happening with the location, but also if its too hot, if its too cold, if its been dropped. Its completely unique. dennis woloshuck if you have a sensor that can keep track of your product, it keeps everybody kind of honest that way. Who knew a tiny sensor could help keep the food chain safe . Welcome back to tonights check yourself before you wreck yourself edition of mad money. Im a big believer in the idea that once you get some money saved up, you are in control of your financial destiny, but that also means you need to be very careful, because youre the one with the most power to derail your financial future. Look, mistakes are always part of the investing game. You cant rule them out or outlaw them. I just want to make sure that you dont make the same mistakes twice or three times or endlessly for that matter. And thats why i have rules, rules for investing to present you for the misjudgments i used to make when i was young and inexperienced, rules for example like dont own too many stocks, back in my old hedge mufund, i would spend three hours analyzing the mistakes i made the day before thats why i retired, i made myself sick. Id do it generally between 4 00 a. M. And 7 00 a. M. Some people are night owls, im an Early Morning owl you dont need to analyze the winners. I tried to figure out how i could make more money. I was for lack of a better word, maniacal about it. I realized good performance could be linked to having fewer positions. In short, when we own fewer stocks, we tended to make more money. It was just actixiomatic i wont own a stock without first taking a different one off the table. Which is what i do requewith my Charitable Trust you nad eed to limit your holdis thats a great discipline and one you should adopt problem toy. I dont know how youre supposed to stay on top of more than 30 all the really good Money Managers know a few names. They can buy confidently on the way down when the market goes awry thats why i say dont own too many stocks. You can end up selling stocks that are not as good hindsights 2020 its far more likely youll be selling marginal companies to get bigger and betterones. Thats portfolio management. You dont want to be a mutual fund manager, right . You might as well give it to an index fund the time i lost the most money as a Hedge Fund Manager, my sheets were thick as a brick when i made the most, my sheets were thin. Whether youre a pro or amateur, its almost always possible that you have too many positions. If youre just investing for yourself and you own more than ten positions, thats right, if you own more than ten stocks, maybe you need to pare back a bit. You know whats hard to have too much of . Cash which brings me to my next rule. Cash is for winners. At times cash is such a perfect investment that it drives me crazy how so few people recommend it no, they hate the market, so theyre 95 , instead of 1 100 . As an investor, that is absolutely the wrong way to approach this. You dont like the marcket . Sell stock, raise cash the odds simply do not favor you wing winning on both stocks, but if you can raise some cash, thats the best way to protect yourself against a lousy market i was one of the biggest option traders on wall street for a time i almost always ended up losing money. When did i make money . When i bought put options to profit from lowquality companies that were going to have, i thought, shortfalls or stocks that seemed hopelessly overvalued versus the fundamentals, if you dislike the market, just sell some stocks and go into some cash, which is literally shortterm treasuries. People Start Talking about how little cash earns, although its sure earning more than it did a while ago or they say cant be cash, thats for losers. No, cash is for winners, especially if you think theres a major disaster ahead or the markets going down a selloff. I grew up in a different time. I cant short it all by contract, not even for the Charitable Trust, but when i could, i didnt short stock just for having shorts against the longs, i dont care about not having enough exposure i care about not losing money. So if you dont like the market, if you think theres nothing compelling to buy, i suggest that you sell stock and raise cash go sit on the sidelines. Nothing wrong with that. Wait for the situation to improve. Believe me, its never the wrong call when you dont like the tape or you cant find anything that truly makes sense to you. The bottom line . Always make sure not to own too many stocks and have little cash stick with cramer. Lease the 2018 nx 300 for 339 month for 36 months. Experience amazing at your lexus dealer. You or joints. Something for your heart. But do you take something for your brain. With an ingredient originally found in jellyfish, prevagen is the number one selling brainhealth supplement in drug stores nationwide. Prevagen. The name to remember. Your tweets are piling up, holy cow lets start with one from quentin. At what age should i put bonds in my account. I dont want bonds until very, very late. I like to extend it a little bit and say not until you are in your late 50s do i want to see a lot of bonds why . Because people live longer than they used to, and bonds dont generate enough return how about higher yield in dividend stocks. I would like to see from you a show titled typical errors of emotional investing. Well, thats a great idea, and im going to do it, because i do know over and over again y emotional investing leads to big losses you got to check them at the door, and i will do that for you. This one from Steve Daniels who says jimcramer, booyah, what other types of dividend funds do you recommend . There is a place called vanguard, and vanguards terrific, and they have the thing called the total return fund of all stocks that one is one of my absolute favorites. Stick with cramer. I like to say theres always a bull market somewhere, and i promise to try to find it just for you right here on mad money. Im jim cramer, and see you next time welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. If they hear a great idea, theyll invest their own money or fight each other for a deal. This is shark tank. To make babies feeding time easier. Hello, sharks. My name is martin hill. And i am the owner and creator of the beebo. I am seeking a 200,000 investment in exchange for a 20 equity stake in my company