Moosedawg

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    • Tue Mar 18th 12:45 PM | Rating: 0 0
      Commented on:
      Bear Stearns and Jim Cramer's Recent Comments
      If you make your investment decisions based on one person's opinion on TV, without doing the required homework, the only person that you can blame at the end of the day is yourself. 2 things that Jim will always preach..."do your homework" and "ensure you are diversified". Guess what, had you done either of these things, you probably are still in good shape even with the news on Bear.

      I tend to agree that the caller was moreso fearing about her deposits in Bear Sterns when she questioned the liquidity. Now, given the fact that Cramer gives advice on stocks and stock prices on his shows, he should have included the caveat that he was only talking about deposits being safe, not stock price, had that been his ultimate intention.

      Again, if you are in the position that your savings stand to be hurt severely over the movement of one stock price, you likely aren't diversified and are probably better off in a mutual or index fund anyways.

      Never, ever, ever invest your family's savings in one/two companies. And if you don't have the time/knowledge/experie... to do the homework HIRE SOMEBODY WHO DOES!!
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