Believe it or not, Jim Cramer is an optimist by nature. If there is one key attribute he thinks successful investors will need when the Fed tightens, it is being an optimist. Maintaining a positive and skeptical stance will make everyone better investors.
"You need to have faith that things can be good for a long time or even get better than they are now. In other words, you have to bet on progress and on discouraging or middling days like this one," the "Mad Money" host said.
And while some may think this type of attitude is obnoxious, Cramer does not. The Fed is getting ready to raise rates, and each rate hike coming will test an investor's ability to stay in stocks. Each hike will make stocks more risky to own, and a positive bias will allow investors to find the stocks that can still do well in a more difficult environment.
So, what situations could make it worthwhile to own stocks during a series of rate hikes? Cramer listed four things that need to happen.