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Cypress
I follow Jim Cramer when I can but I am currently deployed in the middle east and I haven't seen a television in months. I think he is a very good trader and I would recommend his Real Money book to anyone just starting in the market. But I don't agree with some of his retirement account veiws. I think that you should find buy and hold stocks, the whole while making sure that there is not a reason that it might tank. With what you said about being heavy into utilities and taking a big hit. I say this go through all of your utility stocks fine the best one, and like Cramer would say be able to defend why you think it is the best one. Next you need to sell off the other ones even though you might take a beating. Then redistribute your assets into a diversified portfolio. GS is a good stock and I hope you bought it befroe the last run up. Next I would buy some oil/gas stock. ECA, VLO, XOM would be my choices. Then i would get into a drug, consumer products, and health care because of what the fed is doing. When the fed raises at least a half point earnings growth are going to be hard to come by. Thanks for the questions and I hope this helped and have a good day trading.
posted by
Stock_Guru
on October 27, 2005 at 12:53 AM
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STOCK_GURU
I’m curious how much you follow Jim Cramer? I watch his TV show “Mad Money”, and I occasionally listen to his radio show “Real Money”. I respect his knowledge, and use his tips. I’m in a Catch 22 situation presently. I know my portfolio is not diversified, but it would cost me to sell off my dogs. I am heavy in utilities. This is because they pay great dividends. I have bought a financial (GS), and have no health care or oil. The only thing I have learned is you must do your homework to invest. Thanks for your ear.
posted by
Cypress
on October 26, 2005 at 6:22 PM
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