Are You Diversified?
Published: Wednesday, 30 May 2007 | 6:47 PM ET
Cramer had mentioned Aecom as another way to play the same industry as McDermott. Unfortunately, that’s two-of-a-kind. It’s tough to throw away Aecom, but McDermott is better, he says. He would pick up a financial like Goldman Sachs in Aecom’s place.
This portfolio is overloaded, Cramer says. He would sell Idearc and either Vodafone or Qwest and get into a financial or a healthcare company.
Jim's charitable trust owns Goldman Sachs.
Even in a bull market, you can’t flood the zone, Cramer says. Spread your portfolio out so you’re still in the game if one sector tanks. 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.