momentum. >> communications. courtney? >> the rotation to value, i like at exxon. >> looking at exxon. and mr. grasso? >> servicenow, full disclosure, bill mcdermott, a good friend of mine. a hidden a.i. play. >> all right, thank you for watching "fast money." "mad money" with jim cramer starts right now. my mission is simple, to make you money. i am here to level the playing field for all investors. i promise to help you find it. mad money starts now. >> hey, i am cramer. welcome to mad money. i am just trying to help you make money. my job is to not just entertain and educate, i want to help you explain.

i always hear people talk about what is working at the moment. in the old days when the great rule the mornings, i remember each time i cohosted he would introduce me as reverend jim bob of the church of what's happening now. it was fun. it seemed like everyone was running their own personal hedge fund. it was an understanding that a stock could be huge today and gone tomorrow and everyone was fine with it. those days are over. if you recommend a stock for trade, even if you say buy it today for the analyst meeting tomorrow and you so, there is always video, youtube kicking around shows you liked the stock that you never gave the call. we have gone beyond that, we are educating you to be a better investor, the same thing we do every day at a higher intense level. tonight i want to introduce you to the concept that is so important, it is called suit

ability. what works for you, what is right for you, not for this month for your ge. i did not think about suitability when i was in training at goldman sachs. i have been buying individual stocks for myself and others for half a decade before i got to goldman in 1983 as a summer intern. at the time i was watching financial news network between classes at harvard law school, that was the predecessor to cnbc. whenever i could i would run over to the harvard business school library where they had research reports from long gone companies. those of you who grew up with the internet have no idea how hard it was to access information in the 80s. i would have to ask the librarian of a microfiche. these were little pieces of plastic that you stick in a

machine and you read the file, it was six months old by the time i got it everything i did back then is online an instant. the imperfections in the market were legions now everyone can know everything, more on that later. i spent all week trying to find one stock that i thought would be good for a week where anyone who wanted to invest could take the idea. then i changed my answering machine, yes, my answering machine, i changed the message to a 22nd wrap on the stock. don't know an answering machine? some company used to make them. with all of those jobs wiped out by your cell phone. same about answering services. i was a this is jim, i'm not here, i like both the chart in recent numbers from people express, a long since bankrupt airline that i use to jet down to new york. a red-hot stock ran by a guy

named, who helped to save tesla when it was struggling during the financial crisis, he was the last ceo before elon musk. it shot up like a rocket that week and it was only acquired by at a big premium. it was the best cramer not at home machine had i ever had. believe it or not, jean jim is not home became a rally for a lot of people who called me. they hoped i was not home so i could get the tip. not long after i got a job at goldman sachs, one of the officers of the firm called me in and got the machine and he heard the recommendation. he told me to call as soon as possible. i did and he asked me if i knew what suitability was. i had no idea did introduce into the concept he asked, did i consider that many people who call me may not be ready for the stock of the hottest semi conductor company in the land

and i was recommending it one- on-one without any sense on if it was right for them? suitability. wasn't suitable? i said i always looked at stocks after the situation. you cannot take stocks back and get a refund, they come with no guarantee so what is the deal? this executive hammered it into my head that before you recommend a stock on a one-on- one level at a registered brokerage house, you had to know what that person wanted but what do they want from stocks. you have to know if the stock is right for them and the rebel level of risk tolerance. -- is not right for anyone other than the most risky investors. let's start there. tonight i want to ask you, what is your tolerance? how much risk do you want? stocks are peculiar pieces of merchandise when you think about it. you buy a car and you know it's not worth as much the moment it leaves a lot, correct? there are also things like you

buy a house and he could burn down the next day, but before you buy it you have to get insurance itself it does burn down you can get your money back. clothes can be returned, devices returned, bones, pcs, washers and dryers. stocks, you buy a share of nike in the next day goldman sachs downgraded and then locker says there's a slowdown in jordan's you cannot go back to the broker is that this you did not tell me this could happen. i'm losing too much money i want my money back. sorry. back then when i got started it would have been incumbent upon the broker to recognize the buyer would know these things can happen. maybe the broker never should have recommended a stock to begin with but you cannot take stocks back and get the same price because there is no real insurance. although you can buy an expensive option underneath with a cost that would lower the risk of nike and have

suitability. suitability is important. for the next hour you are going to learn how to measure your own tolerance. these days with brokers there is no protection, just a signed form that says you get it. you may not know what you are getting into. tonight the bottom line stops here by the end of this show you will know what suits you and what does not no matter your age or style. to put it another way caveat emptor ? no. just be aware of what you are committing your hard earned dollars to. let's take calls. let's go to kyle in new jersey. >> jim cramer, how are you? >> i'm good. how can i help you ? >> first of all, i am an investment club member and this is my third time talking to you i feel like i know you personally. i love you to death. >> thank you. >> how often do you look at rsi

or matthew data when you are buying or selling stock? >> i have to tell you i look all the time. i do not like to buy stock with the charge is bad. that is why it is off the charts on tuesdays. it is incredibly important. anything that is important to others is important to me. mark in new york. >> i have an ira account and i am wondering if it's okay to for my account at another time. >> i prefer to let it run unless the stock is hour. you are investing for the long term in ira and i have to believe what you saw in the stock continues. if you have to take a loss, take a loss but keep investing in your ira.

>> let's go to nick. >> when you help your children invest, is it more important to save up and give them a big lump of money? or set them up early, literally an infant and pay the baby with a small amount of dividend stocks? which is more important? the size of the snowball or the height of the hill that compounds it? >> i cannot help my kids because of my job. what i always say to my kids is look, i want you to make as much money possible with half the money and the other half go earn some stock i think when they decide what to do with their lives they can do it. that is my advice to them now. i do not know what they own because that would not be right. by the end of tonight's show i hope you know what suits you and what does not. tonight i hope you form the

necessary strategies that you need at all stages of your life. from young to old just like the gentleman we just talk to, i will meet you where you are and take you where you need to be. stay with kramer. there singin jim an email or call us at one 807 43 cnbc. miss something? go to mad money. cnbc.com. >> good evening. thank you for everything you do. >> you have been a wonderful source of information with you teaching. thank you. >> thank you for all of your advice. >> your advice led me to quit a job that i hated. i love you to

death. >> thank you for keeping us from losing money. >> happy new year from cnbc. a force to be reckon w no, not you saquon. hm? you! your business bank account with quickbooks money, now earns 5% apy. >> a force to be reckoned with. not you. you. your business now earns 5% ap white. >> that's new. >> that is how you business differently. >> high point university is the

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i hope you enjoy these amazing gifts. oh my goodness. oh, you guys. i know you like wrestling, so we got you some vip tickets. you have made an impact. so have you. for you guys to be out here doing something like this, it restores a lot of faith in humanity. payments ca 44% but. download the app today. >> tonight is all about you read about knowing what you can and cannot do because it is not right for you or suitable. there are all kinds of suitability situations. first and foremost is age suitability it babies, their money has been on so long that they are kids who were born better in their teens and if their parents listen when they

got started they are on their way to earning great wealth. parents, grandparents listen up. you can give all sorts of things to families, open up accounts for them or at least give them shares of stock so from the earliest moment you can start the process of saving . here is my commercial for something that does not need a commercial, almost every expert you hear from is in love with it, i am talk about index funds . they are not perfect, but the best way to go if you want to put your money on autopilot and you cannot spend time looking at individual stocks. if you just had a kid you can take a couple hundred smackers and buy some shares in an index fund. i am partial to with the s&p 500. they represent the bedrock of america's publicly traded companies. i like any sort of total return fund that has a broader array of stocks. if you broker a brokerage site you use might have a fund that

is a higher growth and that could be a nice augmentation because you're buying for an infant that has their whole life ahead of them, the whole life. these kinds of things can compound overtime rate if you let it run, the money can build up on itself. you might say why am i watching this show about stocks with disguise to talk about index funds? i could come out here and talk index funds, it would not make for very interesting so. i teach you how to pick individual stocks. a huge amount in the cnbc investing club, i believe it is the most effective way and i like to teach, that's my favorite venue. i think you can build a portfolio yourself that could do better than professional moneyman managers and you can control your own money. -- stockpicking and funds can coexist but i just wish that index funds were not such fundamentalist about how bad everything else is. i say let's

get both a trial. when you are saving for your kids start with an index fund and what is a good stock? i think you should pick two socks for your children, one with the diffident we can reinvest those dividend payments and get the power of compounding, that is a good thing to teach people we often hear dividend aristocrats, companies who have long histories, someone with 25 years of increasing dividends, love them. it is hard to roll with the well-known consumer group plays procter & gamble, pepsico rated the best way to find out is to join the cnbc investment club and watch what we do. at the same time you want to give your kids something with more juice, like the great growth stocks of the era, i'm talking apple, teslas --. if you do set up an account for your kids, may i suggest going with a uniform gift to a minor

act account. i'm going to call it ugma. you can give children money that can accumulate somewhat tax-free overtime. the rules have changed when i set up a mutual fund for my kids. i love them because they were trust that you did not need to create. check with your broker for the latest rules for you. they do differ. i think it is one of the better tax breaks around. i know tax rates may not sound exciting but that's how you take care of your family. who does not want free money? if your kid is planning to get financial aid in college you want to be careful because that ugma money can count as theirs and it might get them disqualified depending on the institution. i believe gold is a terrific insurance policy for portfolios . i will talk about this more later. but a highly unusual blessed by me idea is to buy gold or silver coins for your kids, or just pieces of gold or silver.

i had gotten silver for my kids and i forgotten about them, they may or may not increase but this is polar opposite of income stock committed on or off money or anything. but in times when, it is capable of happening. there is nothing that is under the scenario better than mansions, masterpiece of art and precious metals. one caveat, if you do this put the gold and silver and a safe place, that does not mean under the mattress or digging a hole in the ground in the backyard, safety deposit boxes my style. when a child is born think about setting up a uniform gift to minors account and put index funds or individual stocks in there. i like sheep, near the s&p 500 and on the stock site your kids would like one dividend stock for income create a high yield stock can double the value of

that investment by the time your baby turns 10. you also want one high-quality gross stock that you believe in for the long haul because those can get big gains. this must be done at the earliest moment to get the most involved for your brand new loved one. no one has ever regretted saving to early for their kids. >> i love you and i have been watching since they one. >> thank you for all the wonderful advice. >> i love watching a show. >> i watch your program every day and i love it. >> thank you for being the greatest in the world. >> we consider you the money market maker and we thank you for all you do. >> i love your show. >> we love your show and we think it is the most entertaining show. >> your integrity makes you the

st. of wall street. >> jim kills. >> that is a lot. welcome to cnbc crypto world. >> cnbc is a daily digital show has updates, daily headlines, global perspective and high profile interviews. scan to watch grip the world. i prepare like no one else so you can be prepared for anyone. >> it gives me a sense of empowerment. >> that's why i love teaching members. >> joined the investing club with jim cramer .

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here? >> a force to be reckoned with. your business bank account with quick books money now earns 5% ap wine. >> that's new. >> yes. that is how you business differently. >> >> we are going over know thyself, how to not just by the right stocks but the stocks that are right for you. we discussed suitability and what is uitable for newborns. what is suitable for the kids? what do you do for them? i think you should do everything in your power to get your kids involved in investing in stocks. stocks represent pieces of companies that they might like. let's be honest, most parents think they could not explain what a stock is to a kid. that is not how i grew up. as

much as i love sports, we have had tickets for the 64 world series, we did not make it but we had them. for me stocks are supreme. my father got a tip from his brother who knew a stockbroker. the guy told him to go by company shares in national, for all i know it could have been a facebook live show. in the 60s it was a total bust and accost our family a fortune. he would not give me the sports section, he gave me the business section and he wanted me to learn about stocks. i learned about closing prices, i try to anticipate where stocks are headed based on moving averages and how they were doing, straight-line, it was a game and most the time i only knew the stocks by their abbreviations and what we call small agate tight. i kept the ledgers, i would have done texas instruments or

maybe it was, or ltb or rockwell, those are companies that have disappeared. i have also had a lot of airline stocks. most kids are suckers. they were household names those people under 50 had never heard of any of these. i like the stock so much that i got my hold fifth grade class involved. we would all pick stocks and keep track of the closing prices for week to see who could make the most money. the problem is i was doing the exact opposite of what i should've been doing, although metaphorically. what i was doing then is being done now just picking stocks to see how fast they are declining. instead, i should have been picking stocks of companies i knew and asking my dad permission to buy one or two shares along with money to pay for it, which would have been a

dealbreaker. let's go over what would have been right and what was wrong in the picture i just painted. take a look at this from the highlights magazines that used to find at dentist offices. he never would have taken a tip about national video from his brother who took a tip from his tennis partner who worked for the after mentioned. i learned later my dad had no idea what national video event did. can imagine that? you can find out more about it on google then you could learn from jack the broker. national video made vacuum tubes for tv sets. in the old days when you had a problem with her television it was usually because the tube inside had blown. of course technology left national video behind and it went bankrupt and it closed its doors. it had been going straight down since five days that we bought. i know we had many a silent meal thanks to that decline and that godforsaken stock of national video.

i think we lost most of what we had as a family. there were a host a better stocks he could have picked, most were not that good, but they paid generous dividends and what we needed more than anything else was income. the idea of picking stops because they were going up was, and was more suited to. at least i picked the hot ones, many defense contractors were getting rich as lbj was escalating the vietnam war. for me the game was fun, in retrospect i learned the most about stocks from two boardgames, yes they used to boardgames for the those were called choir and stocks and bonds for my father sold games back then, that was his job. acquire was about mergers and acquisitions and stocks and bonds was a game about risky and conservative stocks. these days we have whole

fantasy leagues with stocks. that one boardgame holds up. let's go back in time to think what i could've done differently. when you are little kid you play with toys, it would have been natural to buy shares in hasbrouck. i'm not asking kids to know what it means to own shares. i am just simply saying it is a way to teach kids that a company can be owned by the public and you can own a share and that company. they know toys. the irony should not be lost on my family, can you imagine if my father bought shares in a nice dividend stock for me? rather than national video? we had a box of cheerios on a breakfast table every day. he could have bought general mills. then an easy one, disney world. it is that factor and not how many people sign up for the streaming service, the disney alone should make you want to own shares, the same part?

let's not outthink this game. johnson & johnson is a staple and it has since been moved to -- i know kleenex is something used to knock wipe your nose, that's a good company. these are things that we are not taught they are imprinted. the incredibly well run chipotle if you want something more organic. please buy your kids a few shares in a name brand that they know and you know something they can see and hear and touch and put it away. the stock won't always work out but think about what you were like when you were little. you more than likely have a long-term winner. more importantly you have a great hook to get your children into a lifetime of investing. let's go to madison in texas. >> hello, jim. if i can get a guaranteed interest rate of over 5% by pushing purchasing a six-month

treasury bond, why should i invest in the equity market given the conditions? >> six months from now those rates might be lower and you can continue to reinvest but the stock market has far exceeded longer-term anything you are going to get in the short term. i am not against 5%, i own 5% paper myself. you want to take the alarm long term view like, that will have growth, not just dividend. let's get to annie in rhode island. >> hello. thank you for doing these teaching segments. i appreciate it. >> that's what i want to do, i intend to teach more. >> i really enjoy the segments that you do on technical analysis and i have two questions. what are the best resources if you want to study this? and how much should an amateur

investor rely on versus fundamental? >> i think charts are integral to your thinking. i trade larry williams, his stuff is the best but that is where i learned all of the great people have websites for i think i have a very good chapter in my last book. i have spent a lot of time talking about technical analysis. here it is i have it with me. this is what my dad sold for living. can you imagine if you bought this company 3m instead of national video? we might have -- how do you put the water in the grape juice? we did not have stocks and bonds. by your kids a few shares of a namebrand. something they can see and hear and touch like i learned with this stocks and bond game that is available on ebay. i wish i had the rights i would

put it out again myself. there is much more mad money ahead. i am giving you my best investing habits. i will answer all of your burning questions with my colleague pete stay with kramer. >> jim cramer. >> i love your show. >> my grandson loves to watch your show. >> i have to thank you for making this money periods >> our world is a better place with you in it it >> want to apply to be on cnbc disruptor 50 list? is your start up disrupt the status quo? scanned this code or go to/disruptors to apply at the

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>> teenagers are incorrigible. last thing they want to hear about is stocks that they have bigger fresh fish to fry. i'm not going to tell them what to buy, i will let them tell me. people who watch the show are beneficiaries my two daughters are always searching for ideas both on air and on the cnbc investment club. ideas have come from young people. that is why i played dominoes so passionately for over a decade before peaking at the end of the date pandemic. i met with patrick doyle stock was at 10 bucks it didn't taste like cardboard i loved that whole line of advertising. sure i recommended it. that's not what made this stock

on mad money crown jewel, it was the technology. my kids, like your kids hate talking on the phone they think it is for losers. when my kids discovered the dominoes after they were sold no talking to people who might get their order wrong. no worries about where their pizza was. that is things that the local joints could not do and no cheese option for the vegans the ones who asked twice about the cheese, are you sure you don't want cheese? they wanted to pay online. kids do not want to fuss with money. the delivery apps went on to take over the world. all of this technology was lost to them. i never cared about the interchange. i was not like. that's why i started calling dominoes a tech company that sells pizza.

do it if you know the story of how i got? roughly 20 years ago my youngest daughter asked for a second ipod. not because she lost it as i accused her of doing, because she wanted one and another color for her. they were fashion accessories. she did not want it to class with her outfits. personal computers, my kids for a long time would rather, then use a windows machine. the iphone was more controversial they did not like change. they did not want the ear buds. but they really do not want the samsung. that much, where they have to pay to store their pictures. what else? google it, dad. that's how i found out about google.

when i got the word from the kids they were not allowed to google something they were involved in at school, count me in. we had access to the libraries. their job was to look up anything you wanted they had to go to the stacks and find things that you would not know what to look for. my kids get their news from their iphones and entertainment from netflix. facebook, like i said i went to harvard. when you're a freshman you -- it was facebook and it had everyone's picture in it. my kids learned facebook early. my youngest got sick of facebook early on because i got on it then she went on to instagram which facebook acquired and kept it to something separate so you did not know that it was something older people discovered. i did not think the ads worked until we were inundated with red hot chili pepper merchandise that was bought was something

my daughter said was not an ad but a link. only mark zuckerberg has to care about the user experience. the ads actually make sense you want to click on it. how about chipotle, they still do their vegetarians. my youngest return pretty early after food sickness. she would only get it for takeout because she did not want to be seen inside. i recommend this stock from the low hundreds all the way to the 2000 margin because they liked it so much. eventually your kids will keep age out of the key demographic. if you pay attention to their likes and dislikes you can net yourself decades of good stock picks. once they reach a certain age pray for grandchildren. what if your kid likes a device that fits on their -- that the cost of learning. they have their whole lives

ahead of them to make that money back if it is a screwup. that is the beauty of investing great you can lose it and no one will know this great you pulled the same kind of thing later in life there are consequences. the bottom line is, for now learn from your teenage children. trust me invest with them and you will not regret it. >> good evening. thank you for everything you do. >> you have been a wonderful source of information. >> thank you for all of your advice. >> your advice got me to quit a job that i hated. i love you to death. >> thank you for keeping us from losing money. >> last call on cnbc.

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in every market fund across every major asset class, to siege each possibility at every right moment. cme, opportunity is everywhere. >> cnbc, live ambitiously. >> all night i have been talking to you about suitability. what is a suitable investment and your tolerance for risk like your age and picking stocks for your kids. when you get older you have less flexibility, fewer investments are indeed suitable. when you're in college i do not expect you to put any money away, college costs too much. when i was trying to get back in that game i tried to get people to buy share to of stock. college zaps you and so many financial ways.

once you are out in the real world it is imperative that you save preferably through a 401(k) plan at work or even better a self-directed ira. i always preferred the latter because you can pick stocks not just options chosen by your employer. that is for another show. this is where you have to begin to mix index funds and individual stocks. i prefer both. there is too much risk in individual stock to put together a portfolio with names of your choosing. i would take your first 10 grand from savings from your first job and put it in and invest fund. i know that some argue this, they argue on social media i don't care i know the truth. the possibility of one bad stock hurting your nest egg is too risky. with a nice cash in an fund -- with the rest of the money behind that first 10,000 bucks i do like stocks and i do want

you to be diversified. that's why we play diversify around here. that's why we created the cnbc invest club to show you how to invest using my trust as an example. there are a lot of restrictions to prevent me from using the show to duke the stats. if you want in-depth work on the staff stocks the invest club is the way to go. i set it up because i talk about buying home. you need to buy a stock but you have to keep up with it. buy and hold does not work. remember earlier when i discussed how hard it is to do the homework? those trips to the harvard business school library to study microfiche, you no longer need to spend an hour studying each of your stocks. yuko google articles galore, so many that you will get sick of it. you can have articles of

research is to you with charts that i could only dream of having 30 years ago. or you can read what we write at the investing club. let us help you do the homework. what is most thoughtful in your efforts to take charge of your money is what i favor. i want you to be a good manager of your money or a good client. let's talk about picking stocks as you get older. at this stage you need to know thyself in terms of risk. until you get to the late 20s at the earliest, i want you to take a ton of risk, maybe more than you think you can handle. you have your whole life to make that money back if something goes wrong. when you get to your late 20s all i do is ask you to think about what you would do in a selloff. have you ever wanted to buy more? or does it make you wish you do not have exposure? is not a silly question given how they go up and then periodically swoons down.

these are questions only you can answer about yourself. take more risk and own individual stock. want to put away 10,000 in a index fund, once you get out of your 20s i would hate to see you commit >> announcer: as you get older i want you to capture more income by getting stocks that have dividends, perhaps ones that boast high diffidence. do not be too quick to do so. i would not advise you to invest for income until your 30s and even then do it small. only in your 40s i want you to introduce bonds. the problem is twofold life expectancy, many people are outliving their fortunes and the bond market itself, there are terms that do not entail a lot of risk. generally i want to own a high dividend stock rather than a treasury bond that yields 4%.

as you get older i recognize that most bonds have that provision. you can and do get your money back. as you into your 60s it is easy to see how you can put up to 50% of your money into bonds and take 10% more each decade. if you cannot handle the risk if you think the stock market is not as legitimate as it was and it is prone to deep valleys , then i think you have to decide if cashing out will take the stocks to minimum levels is right for you and i cannot blame you if that is the case because it has been an uncertain asset. it is your life and not mine. get comfortable with what you can live with but risk until your middle years. >> jim, your integrity makes you the st. of wall street. >> that is a lot of.

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be ready for any market with a liquid etf. get in and out with dia. >> be ready for any market scor

required. see a 49% bump in your credit score on average. >> we are at the intersection of business. >> openai and microsoft loss is a huge gain for google and meta. >> last call next, cnbc. >> tomorrow is the cnbc year in wrapup. top stocks and sectors to watch, how to position and protect your money, outlook 2024 all day tomorrow. cnbc. >> i always say my favorite part of the show is. today i am bringing in my partner in crime to help answer

some of your burning questions. for those of you part of the investment club jeff doesn't need an introduction, for those of you who are not members, i would say jeff's insights and are back and forth help us do a great job for all of our viewers and for members of the club. this is what we do. if you like this, be sure to, if you go to restaurant you have to do it. my kids showed me how. first up, we have tony and north carolina who asked what is the difference between being stubborn or taking a loss and then revisiting? this is a fundamental question. in the end what people confuse is taking a loss, you take a loss if you find the fundamentals are deteriorating. you do not take a loss because you cannot take it anymore. i think this notion of a losing position, if it is a position where things have changed you

should have taken it. we have made mistakes of not identifying that there are changes at the company. but we do not like to view a company as a loser or a winner because some of our greatest pics have been losers. >> there are broken stocks and broken companies and you have to identify if the issue at hand is a structural issue with the company or at the industry level, you are stubborn if you hold on for too long. it could present is up o be a great buying opportunity if you stick with it. >> we have had many of those overtime. >> now we take a look at some of your mad mentions. let's go to isaac. he says jimbo, that's what everyone calls me at home. my whole family loves you so pretty i don't think i have bought or sold anything in the past 30 years without checking to see if you said anything about the stock. this is what i love. isaac uses us as a resource.

one of many resources. i have never claimed to be a seer. someone said --. i like to entertain and bring people in and i would like to think i'm not just an entertainer. i would point out that i want you to check. maybe we set something, more input. we are input. are we the input? no. we are important input in making stock decisions. >> absolutely. doing the homework is showing you how so you do not have to at home. you still have to but it is a guiding hand. >> i always say, a lot of people just and i disagree. a lot of people just want to own stock. nextep a question from rachel in florida who says hello. we have a 30 year plus, do you

advise investing 20, 25% into s&p and the rest into stocks and bonds. this is important. 30 year plus time run brit stocks, yes. bonds, no. you do not need bonds until you get old print this is one of the points that i am at odds with most of the so-called seers out there. when you buy a lot of bonds you are betting against you if you think you're going to pass away when you are 72, then at 65, yes i bonds. i know that sounds pollyanna. the reason why i say it is because if you have to go into a long-term care facility and you own bonds for the previous 20 years you will not have enough money. >> 30 years long-term time. if you're fortunate enough that you don't have to live off the

money you don't have to risk of selling it in a potential market downturn you can stay invested and over time you should do well. >> it really is a trick question because people do not like to talk about mortality. what does matter is if you had a long life and you cashed in your bonds you will be broke. as long as you take that horizon you can write things out. next we are going to larry also in florida who asked, can you touch on the suitability in general for long-term treasuries for a retired investor particularly as rates might decline? >> long-term treasuries are offering a very bad return. they are well under short-term treasuries. i would prefer to see you in utilities. i say that because i think you will end up losing money.

>> another way to go, cash cow, dividend paying stocks. they provide income. >> we have to stick with the stock for the long-term. >> i am jim cramer. we will see right now last call, party like it's 1999. one name could be poised to dominate the new year. is that china's tesla killer? how a smart phone maker is looking to rock tuck saw's ev world. it is a moment investors have been waiting for. could this derail the crypto rally? and the