Done correctly, there’s not much difference between trading and investing where it counts, “Mad Money” host Jim Cramer said Friday.
“Money is money, but to hear some of the buy-and-hold graybeards talk, the only money worth making is the kind that comes from staid, boring investing,” he said on CNBC. “The fact is, the only difference between trading and investing has to do with your time horizon-trades are positions you hold for a shorter period of time-weeks or months-and investments are positions that you plan on being in for longer-say, a year and a half or more.”