Investment professionals can create machines with fancy algorithms for trading and snazzy software for picking stocks to protect portfolios, but Jim Cramer knows investing all boils down to one word: diversification.
"I am offering a new kind of diversification that can help you, guide you toward what kinds of stocks I want you to have if you are going to manage your money yourself," the "Mad Money" host said.
So for the retail investors out there, Cramer is sharing his top tips on how to manage your own portfolio.
Cramer recommended a personal portfolio with a minimum of 10 stocks and maximum of 15. That range allows investors to keep track of each stock and still do their homework.