#MUST SEE FINANCE MOVIES TV#

People should recognize that stocks no longer really reflect a lot of whatвЂ™s going on at a company. When the economy is bad, a lot of times the stock market is good, and when the economy is good, a lot of times the stock marketвЂ™s bad. The stock market is a very counterintuitive thing. вЂ‹ What do people not understand about the stock market? вЂ‹ And now we donвЂ™t have to talk about money.вЂќ And we havenвЂ™t talked about it since.вЂ‹ I remember when I did it, then the market went up the next two days, and I said, вЂњYou see?вЂќ And she goes, вЂњJim, what IвЂ™m really talking about is that I have peace of mind, and I thank you so much for letting me have peace of mind. I need her to feel really confident, and her confidence was to cut back a lot of stock. This is what weвЂ™re going to do.вЂќ And IвЂ™ve come around to thinking that thatвЂ™s wrong, that moneyвЂ™s a partnership, and that the partnership has to be over the dinner table, and everybody has to be happy.

#MUST SEE FINANCE MOVIES TV#

I could have easily said to Lisa, вЂњI have a TV show, I worked at Goldman Sachs, I was a hedge fund manager. I believe everybody has to sit down with their partner, and both people have to be comfortable. She has said over and over again, вЂњWhat happens if I outlive you? I donвЂ™t want to feel that I am in trouble - that I had a lot of money, and that somehow, because my crazy husband decided to let it all roll, I donвЂ™t.вЂќ So I cut to where I think itвЂ™s reasonable.вЂ‹ YouвЂ™ve got to be true to what you always say: You only need to get rich once. I said, вЂњYeah, but first of all, my dad lived to almost 92, and I always tell people that you donвЂ™t want to bet against yourself - that stocks are better than any other investment.вЂќ вЂ‹And she goes, вЂњNo. What is your point? We can only get unwealthy.

I had this long discussion with my wife, Lisa, when I turned 65, and she said, вЂњYou know what? YouвЂ™ve always said that youвЂ™ve got to cut back as you get older, but youвЂ™ve refused to.вЂќ And I said, вЂњWell, I really feel I should have as much exposure to the stock market as possible.вЂќ And she said, вЂњWe got to be wealthy. stock index funds, 5 percent in international, and 5 percent split between gold and cryptocurrency. But when I turned 65, I cut that in half. stocks, 10 percent in international stocks and 10 percent divided between gold and. The breakdown I used to like was 80 percent in U.S. LetвЂ™s say itвЂ™s a pie chart of a hundred percent. He explains himself to AARP senior editor George Mannes (who worked at, cofounded by Cramer, from 1998 to 2005).вЂ‹ And despite his showвЂ™s focus, he thinks that for many people, trying to invest in stocks that will beat the market is a terrible idea. Perhaps more surprising: Cramer cashed out half of his own investments in 2020. All his personal stock investments are in index funds - funds on autoВpilot, with no stock picker at the helm, filled with shares of companies representing a broad slice of the market.вЂ‹ Instead, he trades on behalf of a charitable trust.

Ever enthusiastic about searching for stocks that will outperform the market, Cramer, 66, recently announced new ventures to spread his active-investing gospel.вЂ‹Д«ut Cramer, to comply with ethical restrictions, hasnвЂ™t used his own wealth to buy individual stocks for years. On CNBCвЂ™s Mad Money With Jim Cramer, the former hedge fund manager analyzes economic trends, interviews CEOs and gives lightning-fast buy-or-sell investing advice to viewers. Cramer has celebrated the joys and rewards of playing the stock market.

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