What’s the takeaway? Stay flexible, and never be afraid to manage your own money. (Read Cramer’s newest book, Getting Back to Even, to learn how.) You never would have seen these kinds of gains – or had a chance to recoup your losses – if you dumped your nest egg in a passive index fund, crossed your fingers and hoped for the best.
With the market seemingly back on its feet, investors need an updated playbook. Here are the strategies that Cramer laid out during Thursday’s show:
If you took part in the ride up from Dow 6,500, Cramer recommended taking some profits. Better to lock in the gains while you have them. That doesn’t mean cashing out entirely, though. Compared to Treasurys, corporate bonds, private equity, commercial real estate or gold, he said, “Stocks are still the best game in town.”
For those of you who sat out the market’s return to 10K, don’t worry. There are still plenty of big investing themes in which to make money. Cramer won’t stop talking about the “mobile Internet tsunami” and natural gas, and this week he’s been highlighting the strength in homeland security. Buy these stocks, he said, because he’s expecting “major, long-term moves” in all of them.
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