“Way too much concentration,” Cramer says. Two shipping companies and three dot-com companies does not a diversified portfolio make. Cramer recommends sticking with Google and Seaspan but swapping out the rest for a healthcare company, a defensive play and a financial.
Oil, credit, rail, housing and defense. Cramer blesses it but he’d rather swap out of the housing component, St. Joe, and into a financial.
A portfolio chock full of Cramer’s own charitable trust stocks. A mIneral, an auto, a tobacco, a restaurant and a retailer – now that’s diversification.