Are You Diversified?
Published: Wednesday, 8 Aug 2007 | 8:23 PM ET
American Express and Franklin Resources are both financials. “We can’t have two financials,” Cramer said. “Especially now.” He would keep Franklin, which is a “terrific asset gatherer,” and swap the AMEX for a play on healthcare.
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It's been an interesting couple of weeks for the market, and a perfect time for Cramer to remind Home Gamers about the importance of staying diversified. Viewers call in, give him their top five holdings, and Cramer promises to call ‘em as he sees ‘em. 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.