Is working in the old days when the mornings were ruled around here, he would introduce me as reverend Jim Bob Cramer from the church of thats whats happening now. Oh, it was fun back then seem like everybody was running their own person hedge fund. Seemed like a stock was here and gone tomorrow and everybody was fine with it those days are long gone there were always be a Youtube Video kicking around that shows you like the stock but never gain cell call, weve gone well beyond that. Tonight were taking it to the next level where i introduce you to the concept of suit of ability. What stock visits you, what investments right for you for you age and temporament. I had been buying individual stocks for myself and for others for half decade by i got to fwoeldman in 83 in a summer intern at the time was watching when i could id go over to the Harvard BusinessSchool Library where theyd have research information. Its so no stall jik to look back on what id do next when i liked a stock. These were little pieces of plastic you stuck into a machine and you read the filings, all which you were lucky if you have would be only six months old everything i did back then is now online and instant updated the instant perfection is the market where everybody can now everything id spend all week to try to find one stock i thought that would work, one stock that would be good for one week where anyone who wanted to invest would take the idea and run with it. Id take my answer machine and gufr you a 20second wrap on that stock same with Answering Services for that matter, talk about jobs that arent coming back no matter whose president id say, hi this is jim, im not here right now but ooud like the recent market from people express. My best one, a recommendation from monolithic memories decades later it helped save tesla. Non limic shot up like a rocket that weekend it was the best, cramers not at home, all his machine hit i ever had. And believe it or not, jim is not home became a rally cry for a lot of people calling me back then hoping i wasnt home so they could get the tip i had no idea, suitability, hows my suit fit, i didnt have a suit he asked me if i considered any people who called me and got any answering machine may not be ready for the hot stock of the command and i was recommending to them whether or not i thought it was right for them. I said i always thought that stocks were pretty much caveat situations vacuum cleaners, they never take stock back before you recommend a stock on a one to one level you had to know what that person wanted, what he wanted out of a stock. You wanted to know if the stock was right for them and their tolerance and risk monolimbic limits werent right for anybody but bungee jumpers and climbers so, now and yourself how much risk do you want out of a stock. You buy a car and you know its not much worth when you leave the lot right, but there are all sorts of warrantees. You buy the house and you know it could be burned down next day. Stocks, stocks, you buy a share of nike and next day Goldman Sachs down grades it you cant go back to your brokerage and say, hey chief you never told me this would happen. Im down 2 bucks and 3,000 shares im out of 6 grand i wanted that 6 grand back wouldnt it be incumbent on the brokerage and the buyers when you know these thing would happen you cant take stocks back and get the stock price, same price that you paid because there is no real insurance. You could buy an expensive put underneath suitability, the concept of suitability is incredibly important, thats why for the next hour youre going to learn about a way to measure your own tolerance versus a variety of factors. With electronic brokers there are no real protection just a signed form that say, you get it you know what youre getting into and you accept it tonight, the bottom line that stops here by the end of this show youll know what suits you and what doesnt no matter your age or style. Just buyer be a little more aware of what you might be exiting your hard earned dollars to when you pull a trigger on a buy. An marie in new york caller hey jim thanks for taking my call. Of course caller can you take a little bit about trimming our profits i get eager and i start trimming when im up 20 . It is a highquality problem but what will happen if you kept doing that youll miss out on some of the greatest stocks in the history of man that you may actually own what i suggest you do is move that up a little dont start selling until your up to 25, 30 and only sell about a quarter position when youre up 60 or 70 , then sell a little more, but then you got to let it run. If it comes back you can buy some i just dont want you to lose a great opportunity, unless the story changes, then its sell sell sell sell immediately. Ly doe in texas. Caller my question is as a recent retiree and ones anticipating the market should i index fund now from Stable Income Fund or wait until the market had corrected no, if your in retirement stage i still want you to own equities but not as much equity exposure you should own 50 people who retire come to live 20, 30, 40 years longer than they thought no, taking the cash out, Interest Rate are higher but youll put money back if the market really craters, otherwise i think youll be fine and you got to let it ride marlo in illinois. Caller jim, you talk about index funds, can you please tell us the difference between index funds and etf and gives us a couple of examples its not much there warren buffet says you should buy the van guard index fund, its the Lower Cost Fund van guards very easy to get to. I just want to go the warren buffet the grand investor. No more excuses, im helping you form the necessary Investment Strategies you need in all stages of your life from young to old ill meet yo where you are and take you where you need to be on mad money were kicking things off by beginning in the crib here are two stocks you should be buying. And teens have an important job to learn tlus from your 20 to golden years on where your money should be sitting at any age. Stay with cramer rays always been different. Last year, he said he was going to dig a hole to china. At t is working with farmers to improve irrigation techniques. Remote moisture sensors use a Reliable Network to tell them when and where to water. So that farmers like ray can compete in big ways. China. Oh. He got there. Thats the power of and. My ambition . Helping people get what they want, understanding were not in this alone, and teaching my kids that no ambitions out of reach. Ambitions live everywhere. Synchrony financial helps make them happen with data, insights, financing and technologies. Synchrony financial. What are you working forward to . Synchrony financial. I am so busy. So chase sapphire reserve cardmembers are helping plan my next vacation. Japan, hows dinner . This is delicious. Im sorry. Three times points on travel and restaurants. Sapphire reserve, from chase. Make more of whats yours. Welcome to a special show about you, about knowing what you can and cant do because its knott right for you welcome to a special show about suitability. The first kind well discuss is age suitability. Start with kids. Infants. M. A. D. Makeups been on mad moneys been on so long that there are children in that teens and if the parents listened to the show when they started theyd be already on their way to wealth. Parents, grandparents, open up an account for the babies. Or at least give them some stocks from the moment you can start saving now heres my commercial, we have come through a period where almost all stocks pretty much traded together and we have seen so many managers let go or fired because they cant beat the market take a couple 100 buy zhchairso index funds. As a companion i like any sort of total refund stocks people ask me all the time total return and s p 500 your broker are the brokerage site that you use. Some fund at a higher growth, junior growth fund because you are buying for an infant who has their whole life ahead of them you might be saying, why am i watching this show about stocks if all this guys doing is talking about index funds. More important though is the kind of investing im talking about. The comparison we hear about index funds is to actively manager funtds this show appeals to people interested in their money and want to make it grow i believe you can build a portfolio yourself that can do better than management and funds. I wish those of index funds wasnt so hard on how bad everything is. A ive had a career in the market. I say, lets give both a try whats a good stock for a kid just born . I think you should pick two, one with a dividend where you can invest and get the compound going for you. We often hear the term dividend arist accura aristocrats. Which one have come to mind, 3m. I think of fang when i see just these, facebook, amazon, and also bet i think facebook is the its rapidly growing site amazon, theres a 4 trillion market for stocks and amazon only have a fall part of it. Netflix this is something that recognizes what you want when you want it, game changer. I always feel like alphabet, isnt it played out . No no no theres a Balance Sheet of beauty and a whole class of people working to invent something new to sir plant or complement search. These are just examples, theyre about growth i know it seems commercial to do what i want done here but i also think given how poor Income Growth has been for some people in this country it is important to invent the savings side theres no side like the present. I believe that gold and silver are terrific for any portfolio, well discuss this more later in this show. But an unusual to get blessed by the idea is to buy gold and silver coin for people i thought silver for my kids from a dealer and pretty much forget about them. They may or may not increase they dont throw off money or do anything but if crazy times where inflation could come back theres nothing that holds under that scenario. If you do this, remember to put the gold or silver in a safe place, and that does not mean putting it in a mattress or hole in the ground. Plenty more mad money ahead. The action you need to take today to set yourself or your kids up for financial success. Then may have been the source of great investment ideas of all time you probably got the same resource but are you paying attention if. And unfortunately i dont look anything like how i did in any 20s. Your money should change too stay with cramer were going over knowing thigh self, how to pick stocks knowing theyre right for you. We discuss suitability and whats suitable for newborns what about the kids, what do you go for them . This is what you make your moves. This is when you decide when youre going to get them involved on what stocks are, pieces of companies of what they might like lets be honest, do you cant explain a stock to a kid to save their life much as i liked sports, in my house stocks were supreme. My four father had gotten a stock from a brother who played tennis it was a total bust that cost us fortunes you always hed fwif me the business section id look up closing prices, the markets closed early back then it was getting momentum and i only knew the stocks by theyre abbreviations. But it was a fun game, and i kept the ledger. I kept the ledger, c s m, ibm, polaroid, cnn see rocks, finanf video. I also did a lot of Airline Stocks because suckers were always buying those. Eastern, national, household names. I like the stock picking process so much i got the whole 5th grade class of penn matter involved wed pick stocks and closing prices for weeks to see whod make the most money. Problem was, i was working the exact opposite of what i should have been doing. What i should have been doing is picking the stocks of companies i few and asked to be able to buy the shares in them lets go over what would have been right and what was wrong in the picture i just presented, which would have been compared from the highlight magazined that you found in the Dentist Office back then goo fuss would never had taken a tip from his brother pop, i would later learn had no idea what National Video was or did. You can find out more on google now than from jack the broker, then National Video made picture tubes. In the old days when you had problems with your television it was because the tube inside had brown. The average down too many times to tell but i know there were many a silent meal because of that day decline in the National Video stock. 1960s most stocks arent that good but there were dividends to be had what we needed more than anything else was income maybe the ideai of picking stocs because they were going on many were defense contractors, we were just beginning the johnson vil after the vietnam war efforts. It was a lot of fun. I registered the most learned the most become stocks from two, 3m board games, acquire and a fabulous game called stocks and bonds. My father sold games for 3m back then and stocks and bonds was a fantastic game these days we have fantasy leagues of stocks but this taught you more than a board game and it could hold up till this day now lets go back and time and find out what i could have done. First, when youre a boy or girl you play with toys im not asking the kids to know what it means to earn shares in the companies but i am saying its a way to teach kids a company can be owned by the public and you can own a share in the company hey, they know toys. Objectives the irony should not be lost on my family can you imagine if my father had bought shares from 3m for me a company increased its dividends over 25 years, thats quite a statement. If we had just looked at the spine. We had box of cheer yos on the table, we could have bought general mills. The should make you want to own shares in the company. The theme park, thats not outthink this game i dont know about you but Johnson Johnson shampoo was staples in my house. I knew i wiped my nose with coll cle collie next. They are printed i know mcdonalds may not seem like something you want to invest inbecause of the qualit of food. The whole food chain would end up ended if mcdonalds would to service for years. By a name brand, something they can see, hear, touch and like. Put it away, stock wont always work out think of what you liked whether you were little or what your parents liked when they were little look, if it trades, you more than likely have a winner. The bottom line, if you want to get your kids investing buy a brand name, not this years version of video something they can see, hear, feel and touch and like. Just own it, the stock may not always work but think of what you liked when you were little and remember you may have a longterm winner on your hands judy in texas. Judy. Caller hi jim how are you . Im good how about you . Caller im great thank you my son william has been very interested in buying stock, and hes calling with me now my dad gave him some money to purchase some stock, so were looking at his very first stock purchase and were wondering where to start look at things common household things that he see and you see. What you want to do is figure out how much money you want to put it in and you put a quarter of it in a quarter of it because if the market bose down immediately, its a suckers game put a quarter in and wait for three months, then another quarter. Hopefully you get a sell off and be ready to buy. If not put the rest of the money by the end of the year make it household brands carol in florida caller hi jim how are you doing . Im good how about you . Caller good good i want to give kud dose to your hero, nicky cramer she knew how the trade better than anybody else in the world caller id like to foe your opinion on buying gold and silver as a hedge against the market and Monetary System i think cash is the best hedge against the parking lot. Against the Monetary System youre right with gold i like physical gold, i like buying gold coins. If you cant afford those the g od will work if you do buy gold please put it in a safety deposit box but youre dead right. Stocks dont need to be act distract certificates, numbers and letters. Theyre real, you can touch, taste and play with it with kids thats the best place to start still more mad money ahead including investment twice from one of the wisers groups around. Teenagers. Something that could be wreaking havoc on your money im take questions tweet by tweet. Stay with cramer my name is erick varela. Im a substation electrician with pg e. When i was 17 years old, signed up for the United States army and i started serving and i now get to serve the customers of pg e. I get to help other families. And thats what its all about. When i came back from iraq, couldnt find work. Then i found pg es power pathway program. Here at pg e im Successful Living in eureka with our two beautiful kids with a brand new career all because of the power pathway program. If you are a veteran, go to pge. Com powerpathway and hopefully your life will change like mine did. Together, were building a better california. Jackbreak up your breakfast routine with your choice of two grilled pockets filled with either ham or sausage. Both made with freshly cracked eggs and two melty cheeses. All jam packed into a warm, grilled flour tortilla. So give your tired old breakfast a wakeup call. Try jacks breakfast pockets for just two bucks. But youd better hurry, because if you snooze, youll lose out on this deal. Come try jacks breakfast pockets, each for just two bucks. Only from jack in the box. We all know that teenagers are encourage bl the last thing they want to hear about is stocks. They have bigger fish to fry im not going to tell them what to buy, im going to let them tell me. People who watch this show has been huge beneficiaries of my daughters. Why you might have think youve heard me say i liked dominos i did like the whole line of advertising and told you i thought it was a good speck, my kids they like the track and they like joes. They were local. I wasnt so picky. I tried it and i liked it. Sure i recommended it. Thats not what made this stock a crown jewel, tornado watchit e technology my kids, most likely like your kids hate talking been the phone, they think it is for losers when my kids saw the dominos app they thought it was awesome. Finally, there was the joy of being able to pay online before the delivery person got there. Kids dont want to fuss with money either all this technology was on me. I never minded by the phone, i didn