CNBC’s Jim Cramer suggested investors introduce their children to stocks by making it fun and simple. Cramer recommended first explaining to children the most basic principle of investing: a company can be owned by the public, and you can own a share in that company. He suggested parents then buy their kids shares in companies … Read more
CNBC’s Jim Cramer received some excellent investing advice from his daughters when they were teens. Teenagers may not be interested in stocks, he said, but they often have unique insight on popular trends before the go mainstream. For example, Cramer’s daughters helped him predict the success of Domino’s Pizza. Beyond the company’s food, they enjoyed … Read more
CNBC’s Jim Cramer stressed that investing goals can change as you age. The older you get, the less risk you may be able to take, he said. But while he said he thinks it’s a good idea for investors to have a mix of index funds and individual stocks, Cramer’s rule for those just out … Read more
CNBC’s Jim Cramer said he thinks investors should start saving for their children as soon as they’re born, whether it’s index funds, individual stocks or both. For a newborn, Cramer recommended parents set up a Uniform Gifts to Minors Act account, or UGMA. “When a child is born, think about setting up a Uniform Gifts … Read more
CNBC’s Jim Cramer said he thinks financial literacy is lacking at most schools in the U.S., especially when it comes to individual retirement accounts, or IRAs, as well as 401(k) plans. It’s important that everyone knows how best to save for retirement with some sort of tax-favored account, according to Cramer. Cramer explained that putting … Read more
CNBC’s Jim Cramer said it’s never too early to start thinking about investing. Young people, even those just out of college, should be thinking about their monetary future, according to Cramer. “First, foremost and always, you need to invest,” Cramer said. “That’s the only way you’re gonna be able to achieve financial freedom, and by … Read more
CNBC’s Jim Cramer said he spends most of his time telling investors how to pick their own stocks but stressed that he also has advice about how best to passively manage money in mutual funds. He recommended investors seek out low-cost index funds if they don’t have capacity to manage their own portfolios. “At the … Read more
CNBC’s Jim Cramer gave guidance on how investors can decide whether to put savings into Roth accounts. He explained that most of this decision has to do with how high you expect your income to get and whether you want to be taxed on your savings now or in the future. He focused on … Read more
To CNBC’s Jim Cramer, saving for your child’s college expenses is one of the best things you can do to set them up for success. A 529 college savings account is the most effective way to make sure your child isn’t heavily burdened with academic debt, Cramer said. “Paying for your kids’ college education isn’t … Read more
CNBC’s Jim Cramer revealed one of the methods he uses to find winning stocks: The “new high” list. This list shows stocks that are hitting new 52-week highs, and Cramer said it can be a good place to start researching worthwhile investments. “Watch for stocks that have pulled back from the new high list, especially … Read more