My Favorite Blank

The stock market looks pretty good these days. It appears the stocks are coming back and investors are starting to pour money into the markets once again. So where do we want to go make money? In my opinion there is only one place to turn to in times like these. If the markets are doing really good or really bad, you can always find some where to make money. I always turn to the smartest guy on Wall Street and his name is Jim Cramer from CNBC. He hosts a show that is called Mad Money. You can find this show at 6PM EST on CNBC Monday through Friday. He knows what he is talking about. Don’t get fooled by the way he acts on the air. He does know his stuff and I have followed him for a long time now. He has a great pulse on the market and his investments work out most of the time. You will hit the nail on the head and make money 8 out of every 10 picks he makes and this is within the first year. The others may prove to make you some money down the road, but if you want stocks that will do well over the next 1 year; then tune in to Jim Cramer on Mad Money.

I’m still saving my cash right now and I haven’t found a company or companies I’m ready go with at this point. I want to build my cash reserves a little higher before I go jumping back in the stock market. I’m hoping the financial stocks get straight soon, but other areas of the market are promising right now. I think the job claim numbers have to decrease for me to go all in right now and we aren’t seeing that yet. It’s over 10 percent right now for the jobless claims in America and that’s just way too high. How can we prosper if that many people is out of work? I want to see a 8 or lower; then I think I will invest 100 percent of my cash in to about 3 to 5 companies. I currently own about a dozen stocks and don’t have a lot of money in any of them. The one that has did the best for me to this point has been a Jim Cramer recommendation. My best stock right now is the stock symbol ASX and this is Advanced Semiconductor. My portfolio is made up of ASX by 26 percent right now and I know Jim wouldn’t like that. I do plan to decrease my percentage invested into this one company. I never did intend for ASX to make up 26 percent of my portfolio. It just turns out that it’s been a hot stock for me and since it has did so well, it’s commanded a larger chunk of my portfolio space.

I will be investing into other companies soon and by the end of 2010; I would think that ASX will be less than 10 percent of my total stock portfolio. You should make sure your investments are diversified too. Don’t let any one stock take up more than 20 percent of your portfolio. My 26 percent exposure to one stock is only temporarily and I have long term goals with my investments. I don’t plan to need my money for the next 20 years, so I tend to be a little more aggressive than the average investor. Let me know if you see any diamonds in the rough right now or if you watch Jim Cramer on CNBC.