Do you think Jim Cramer knows what he’s talking about? There are several types of investors out there who commit their hard-earned bucks to the stock market (or other markets) to try to squeeze a little more from the savings they have. I’m the kind of investor who keeps my individual stock picking to a minimum, whose forays into market timing are sporadic and occasional, and consists of figuring out when to jump into the market at an optimal time in order to rebalance my portfolio. At the other end of the spectrum, there are those who declare and confidently justify why they prefer to pick stocks , to time the market or even go so far as to day trade. While I can say that it’s best for the average investor to steer away from more aggressive forms of investing, I can’t say that market timing, stock picking or day trading are absolutely the wrong things to do, because there are people who are highly successful traders in their own right. But I’ll agree that aggressive investing or trading would be the wrong thing to do for a good percentage of investors. For those who are interested in stock picking, there’s that cross section who care to hear about what certain “financial gurus” have to say about the stock market. One such individual in this camp is an online buddy of mine, Tim Parker, from Elementary Finance , who has decided to share some thoughts about his favorite investment personality.
Originally posted here:
Jim Cramer’s Stock Picks and Tips: Thoughts From A Follower