Are You Diversified?
Published: Wednesday, 23 May 2007 | 6:53 PM ET
Dana’s got a pair here with BP and Nabors. They will trade together whether we like it or not, Cramer says. He would get out of NBR and pick up a healthcare stock.
This is a tough one, Cramer says. There’s some good companies here, but Palladium and Ionatron are both speculative picks. Two specs does not a diversified portfolio make! Cramer would toss one of them and get a financial stock like Bank of America or Citigroup .
Best in show across the board! That’s diversification!
Questions? Comments? email@example.com
Everyone wants to give lip service to diversification, but when it comes down to it, they still just focus on the flavor of the month. Not on Cramer’s watch.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.