of the 11th month in 1918, major hostilities of world war i ended. what did that create anybody? veterans day that's tomorrow. so you know what thank a vet tomorrow, fos.lk >> looks lik my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now >> hey i'm cramer. welcome to "mad money. welcome to cram america. orr pant want to make friends i'm want to make you money call me at 1700 cnbc or tweet me @jim drarm. we too often invest for the day. i hear people talking about what

is working in the old days when the mornings were ruled around here, he would introduce me as reverend jim bob cramer from the church of that's what's happening now. oh, it was fun back then seem like everybody was running their own person hedge fund. seemed like a stock was here and gone tomorrow and everybody was fine with it those days are long gone there were always be a youtube video kicking around that shows you like the stock but never gain cell call, we've gone well beyond that. tonight we're taking it to the next level where i introduce you to the concept of suit of ability. what stock visits you, what investment's right for you for you age and temporament.

i had been buying individual stocks for myself and for others for half decade by i got to fwoeldman in '83 in a summer intern at the time was watching -- when i could i'd go over to the harvard business school library where they'd have research information. it's so no stall jik to look back on what i'd do next when i liked a stock. these were little pieces of plastic you stuck into a machine and you read the filings, all which you were lucky if you have would be only six months old everything i did back then is now online and instant updated the instant perfection is the market where everybody can now everything i'd spend all week to try to

find one stock i thought that would work, one stock that would be good for one week where anyone who wanted to invest would take the idea and run with it. i'd take my answer machine and gufr you a 20-second wrap on that stock same with answering services for that matter, talk about jobs that aren't coming back no matter whose president i'd say, hi this is jim, i'm not here right now but ooud like the recent market from people express. my best one, a recommendation from monolithic memories decades later it helped save

tesla. non limic shot up like a rocket that weekend it was the best, cramer's not at home, all his machine hit i ever had. and believe it or not, jim is not home became a rally cry for a lot of people calling me back then hoping i wasn't home so they could get the tip i had no idea, suitability, how's my suit fit, i didn't have a suit he asked me if i considered any people who called me and got any answering machine may not be ready for the hot stock of the command and i was recommending to them whether or not i thought it was right for them. i said i always thought that stocks were pretty much caveat

situations vacuum cleaners, they never take stock back before you recommend a stock on a one to one level you had to know what that person wanted, what he wanted out of a stock. you wanted to know if the stock was right for them and their tolerance and risk monolimbic limits weren't right for anybody but bungee jumpers and climbers so, now and yourself how much risk do you want out of a stock. you buy a car and you know it's not much worth when you leave the lot right, but there are all sorts of warrantees. you buy the house and you know it could be burned down next day. stocks, stocks, you buy a share

of nike and next day goldman sachs down grades it you can't go back to your brokerage and say, hey chief you never told me this would happen. i'm down 2 bucks and 3,000 shares i'm out of 6 grand i wanted that 6 grand back wouldn't it be incumbent on the brokerage and the buyers when you know these thing would happen you can't take stocks back and get the stock price, same price that you paid because there is no real insurance. you could buy an expensive put underneath suitability, the concept of suitability is incredibly important, that's why for the next hour you're going to learn about a way to measure your own tolerance versus a variety of factors. with electronic brokers there

are no real protection just a signed form that say, you get it you know what you're getting into and you accept it tonight, the bottom line that stops here by the end of this show you'll know what suits you and what doesn't no matter your age or style. just buyer be a little more aware of what you might be exiting your hard earned dollars to when you pull a trigger on a buy. an marie in new york >> caller: hey jim thanks for taking my call. >> of course >> caller: can you take a little bit about trimming our profits i get eager and i start trimming when i'm up 20%. >> it is a high-quality problem but what will happen if you kept doing that you'll miss out on some of the greatest stocks in the history of man that you may actually own what i suggest you do is move that up a little don't start selling until your

up to 25, 30% and only sell about a quarter position when you're up 60 or 70%, then sell a little more, but then you got to let it run. if it comes back you can buy some i just don't want you to lose a great opportunity, unless the story changes, then it's -- >> sell sell sell sell -- immediately. >>ly doe in texas. >> caller: my question is as a recent retiree and one's anticipating the market -- should i -- index fund now from stable income fund or wait until the market had corrected >> no, if your in retirement stage i still want you to own equities but not as much equity exposure you should own 50% people who retire come to live

20, 30, 40 years longer than they thought no, taking the cash out, interest rate are higher but you'll put money back if the market really craters, otherwise i think you'll be fine and you got to let it ride marlo in illinois. >> caller: jim, you talk about index funds, can you please tell us the difference between index funds and etf and gives us a couple of examples >> it's not much there warren buffet says you should buy the van guard index fund, it's the lower cost fund van guard's very easy to get to. i just want to go the warren buffet the grand investor. no more excuses, i'm helping you form the necessary investment strategies you need in all stages of your life from young to old i'll meet yo

where you are and take you where you need to be on "mad money" we're kicking things off by beginning in the crib here are two stocks you should be buying. and teens have an important job to learn tlus from your 20 to golden years on where your money should be sitting at any age. stay with cramer

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♪ welcome to a special show about you, about knowing what you can and can't do because it's knott right for you welcome to a special show about suitability.

the first kind we'll discuss is age suitability. start with kids. infants. m.a.d. makeup's been on -- "mad money's" been on so long that there are children in that teens and if the parents listened to the show when they started they'd be already on their way to wealth. parents, grandparents, open up an account for the babies. or at least give them some stocks from the moment you can start saving now here's my commercial, we have come through a period where almost all stocks pretty much traded together and we have seen so many managers let go or fired because they can't beat the market take a couple $100 buy zhchairso index funds.

as a companion i like any sort of total refund stocks people ask me all the time total return and s&p 500 your broker are the brokerage site that you use. some fund at a higher growth, junior growth fund because you are buying for an infant who has their whole life ahead of them you might be saying, why am i watching this show about stocks if all this guy's doing is talking about index funds. more important though is the kind of investing i'm talking about. the comparison we hear about index funds is to actively manager funtds this show appeals to people interested in their money and want to make it grow i believe you can build a portfolio yourself that can do

better than management and funds. i wish those of index funds wasn't so hard on how bad everything is. a i've had a career in the market. i say, let's give both a try what's a good stock for a kid just born? i think you should pick two, one with a dividend where you can invest and get the compound going for you. we often hear the term dividend arist accura aristocrats. which one have come to mind, 3m. i think of fang when i see just these, facebook, amazon, and

also bet i think facebook is the -- it's rapidly growing site amazon, there's a $4 trillion market for stocks and amazon only have a fall part of it. netflix this is something that recognizes what you want when you want it, game changer. i always feel like alphabet, isn't it played out? no no no there's a balance sheet of beauty and a whole class of people working to invent something new to sir plant or complement search. these are just examples, they're about growth i know it seems commercial to do what i want done here but i also think given how poor income

growth has been for some people in this country it is important to invent the savings side there's no side like the present. i believe that gold and silver are terrific for any portfolio, we'll discuss this more later in this show. but an unusual to get blessed by the idea is to buy gold and silver coin for people i thought silver for my kids from a dealer and pretty much forget about them. they may or may not increase they don't throw off money or do anything but if crazy times where inflation could come back there's nothing that holds under that scenario. if you do this, remember to put the gold or silver in a safe place, and that does not mean putting it in a mattress or hole in the ground. plenty more "mad money" ahead.

the action you need to take today to set yourself or your kids up for financial success. then may have been the source of great investment ideas of all time you probably got the same resource but are you paying attention if. and unfortunately i don't look anything like how i did in any 20s. your money should change too stay with cramer

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we're going over knowing thigh self, how to pick stocks knowing they're right for you. we discuss suitability and what's suitable for newborns what about the kids, what do you go for them? this is what you make your moves. this is when you decide when you're going to get them involved on what stocks are, pieces of companies of what they might like let's be honest, do you can't explain a stock to a kid to save their life much as i liked sports, in my house stocks were supreme.

my four father had gotten a stock from a brother who played tennis it was a total bust that cost us fortunes you always -- he'd fwif me the business section i'd look up closing prices, the markets closed early back then it was getting momentum and i only knew the stocks by they're abbreviations. but it was a fun game, and i kept the ledger. i kept the ledger, c s m, ibm, polaroid, cnn see rocks, finanf video.

i also did a lot of airline stocks because suckers were always buying those. eastern, national, household names. i like the stock picking process so much i got the whole 5th grade class of penn matter involved we'd pick stocks and closing prices for weeks to see who'd make the most money. problem was, i was working the exact opposite of what i should have been doing. what i should have been doing is picking the stocks of companies i few and asked to be able to buy the shares in them let's go over what would have been right and what was wrong in the picture i just presented, which would have been compared from the highlight magazined that you found in the dentist office back then goo fuss would never had taken a

tip from his brother pop, i would later learn had no idea what national video was or did. you can find out more on google now than from jack the broker, then national video made picture tubes. in the old days when you had problems with your television it was because the tube inside had brown. the average down too many times to tell but i know there were many a silent meal because of that day decline in the national video stock. 1960s most stocks aren't that good but there were dividends to be had what we needed more than anything else was income maybe the ideai of picking stocs because they were going on many were defense contractors,

we were just beginning the johnson vil after the vietnam war efforts. it was a lot of fun. i registered the most -- learned the most become stocks from two, 3m board games, acquire and a fabulous game called stocks and bonds. my father sold games for 3m back then and stocks and bonds was a fantastic game these days we have fantasy leagues of stocks but this taught you more than a board game and it could hold up till this day now let's go back and time and find out what i could have done. first, when you're a boy or girl you play with toys i'm not asking the kids to know what it means to earn shares in the companies but i am saying it's a way to teach kids a

company can be owned by the public and you can own a share in the company hey, they know toys. objectives the irony should not be lost on my family can you imagine if my father had bought shares from 3m for me a company increased its dividends over 25 years, that's quite a statement. if we had just looked at the spine. we had box of cheer yos on the table, we could have bought general mills. the -- should make you want to own shares in the company. the theme park, that's not outthink this game i don't know about you but johnson & johnson shampoo was staples in my house. i knew i wiped my nose with

coll cle collie next. they are printed i know mcdonald's may not seem like something you want to invest inbecause of the qualit of food. the whole food chain would end up ended if -- mcdonald's would to -- service for years. by a name brand, something they can see, hear, touch and like. put it away, stock won't always work out think of what you liked whether you were little or what your parents liked when they were little look, if it trades, you more than likely have a winner. the bottom line, if you want to get your kids investing buy a brand name, not this year's version of video something they can see, hear, feel and touch and like. just own it, the stock may not always work but think of what you liked when you were little and remember you may have a long-term winner on your hands

judy in texas. judy. >> caller: hi jim how are you? >> i'm good how about you? >> caller: i'm great thank you my son william has been very interested in buying stock, and he's calling with me now my dad gave him some money to purchase some stock, so we're looking at his very first stock purchase and we're wondering where to start >> look at things -- common household things that he see and you see. what you want to do is figure out how much money you want to put it in and you put a quarter of it in a quarter of it because if the market bose down immediately, it's a sucker's game put a quarter in and wait for three months, then another quarter. hopefully you get a sell off and be ready to buy. if not put the rest of the money by the end of the year make it household brands

carol in florida >> caller: hi jim how are you doing? >> i'm good how about you? >> caller: good good i want to give kud dose to your hero, nicky cramer >> she knew how the trade better than anybody else in the world >> caller: i'd like to foe your opinion on buying gold and silver as a hedge against the market and monetary system >> i think cash is the best hedge against the parking lot. against the monetary system you're right with gold i like physical gold, i like buying gold coins. if you can't afford those the g od will work if you do buy gold please put it in a safety deposit box but you're dead right. stocks don't need to be act distract certificates, numbers and letters. they're real, you can touch, taste and play with it with kids that's the best place

to start still more "mad money" ahead including investment twice from one of the wisers groups around. teenagers. something that could be wreaking havoc on your money i'm take questions tweet by tweet. stay with cramer

my name is erick varela.

i'm a substation electrician with pg&e. when i was 17 years old, signed up for the united states army and i started serving and i now get to serve the customers of pg&e. i get to help other families. and that's what it's all about. when i came back from iraq, couldn't find work. then i found pg&e's power pathway program. here at pg&e i'm successful living in eureka with our two beautiful kids with a brand new career all because of the power pathway program. if you are a veteran, go to pge.com/powerpathway and hopefully your life will change like mine did. together, we're building a better california. jackbreak up your breakfast routine with your choice of two grilled pockets filled with either ham or sausage. both made with freshly cracked eggs and two melty cheeses. all jam packed into a warm, grilled flour tortilla. so give your tired old breakfast a wake-up call. try jack's breakfast pockets for just two bucks. but you'd better hurry, because if you snooze, you'll lose out on this deal. come try jack's breakfast pockets, each for just two bucks. only from jack in the box.

we all know that teenagers are encourage bl the last thing they want to hear about is stocks. they have bigger fish to fry i'm not going to tell them what to buy, i'm going to let them tell me. people who watch this show has been huge beneficiaries of my daughters. why you might have think you've heard me say i liked dominos i did like the whole line of advertising and told you i thought it was a good speck, my kids they like the track and they like joe's. they were local. i wasn't so picky. i tried it and i liked it. sure i recommended it.

that's not what made this stock a crown jewel, tornado watchit e technology my kids, most likely like your kids hate talking been the phone, they think it is for losers when my kids saw the dominos app they thought it was awesome. finally, there was the joy of being able to pay online before the delivery person got there. kids don't want to fuss with money either all this technology was on me. i never minded by the phone, i didn't mind paying with the pizza man arrived. many of you know by now the story of how i found the stock of apple, when my youngest

daughter asked for an ipad, not because she lost it like i accused her, was because she wanted another color my kids are kids and they'd rather be caught dead than have a non-apple brand. they want them as presents despite the costs. the iphone is more controversial. they didn't like change. they didn't like the plug change what they really don't want is the samsung. their part of the apple ego system service charges make it so they have to pay to have all their millions of pictures stored. when my kids come to me and beg me about samsung you may say some different things about apple than i do. your kids may not know about income or compounding but what

they will know is what they feel about the amount of phone charges they wrack up. you think i've been recommending verizon for nothing, it's the cash cow that will continue to work even if there's very little growth how about this, google it dad. that's how i found out about goog t if the alphabet when i got the word from my kids they weren't able to google something at school because it was cheating, oh that was it for me they go to the stacks for you as they were and find out with things you won't know where to begin with, i wonder what happened to those jobs my kids aren't into sports is it the homemade content like zsh is it the simple interface

that desire for them to watch what they want to watch. we sign up so we can watch things together. no fang isn't all their creation but facebook, liked i went to harvard. when you were a freshman you got a facebook and it had everybody's picture in it. my kids were on facebook earlier, my youngest got sick of facebook early on, probably because i went on it then she went to instagram i think the ads worked until we were inundated with red hot chilly peppers because i clicked on app at all it was a link how about chipotle

my youngest returned later on to that food sickening incident, the only difference is she didn't do tack out because she didn't want to be seen inside. they're picks, they will go. what if the picks themselves aren't good. remember, they have their whole lives ahead of them to make that money back if there is a screw up that's the good thing about teens, you can lose it and no one noticed in the end the bottom line is, for now you can learn from your teenage children, trust me, invest with them and you won't regret it "mad money's" back after the break.

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♪ so, how about the rest of our lives. what are we thinking about suitability then sad when i from here on in things get less and less suitable not officially when you're in college i don't expect you to put anything away at all college cost so much

once you are out in the real world it's imperative that you save, previewably through a 401 (k) plan this is where you have to begin the mix of index funds and individual stocks. there's too much risk in individual stocks, you put together a portfolio of them of your own choosing. i'm demanding you put your $20,000 from what you have i know some will argue with that, i see them arguing on twitter, i don't care, i know the truth. the possibility of someone hurting -- a stock hurting your nest egg in your 20s it's -- i do like stocks and i do want you

to be diversified. that's why i greeted a club to show you how to invest the trust is only involved to invest along side club members the restrictions are great to protect you. more in-depth work on the stocks we talk about on this show and a battle about a lot of them with a week update on all of them i set up the club because i always talk about buying homework i tell you to buy a stock but that you need to keep up with it back then i discussed how hard it was to do homework. now it's so easy that i have had to scrap one of my earliest ten nats when i found this in the early '90s

you need to read the conference calls and google you get articles and research pushed to you along with charts that i wouldn't have dreamt of or you can read on stock plus.com, whatever makes you confidence i want you to be good management of your money. i don't have a preference. it's at this stage that it's important to know thy self, not myself but thyself in terms of risk i'd like to think i have more knowledge that you can tolerate than you do. but with you get to your 20s i'd ask what you think you'd do in a sell off can you accept that stocks go down, not a silly question given how they've gone up over time.

these are only crucial questions that only you can answer i'd like you to take more wrist and stocks one you put away that $20,000, that's my preference. as you get older i want you to capture for income by inquiring more stocks that pay dividends don't be too quick tad so, in fact i would not advise you to do that until your 30s only in your 40s do i want to introduce bonds into your portfolio. by this time you should be have put enough away that the lower earning bonds would protect some of your money. many people are out running their fortunes and then the lack of income. that's why i favor higher and

yielding stocks to most bonds. as you age most bonds do have that provision as you enter your 60s it's easier to see how you can put in 50% of bonds and -- that brings us back to the notion of suitability. if you cannot handle the risk, if you think the stock market is not as legitimate as it once was, then i think you have to decide yourself if cashing out and taking stocks to minimal levels is right for you. the bottom line, it's your life not mine get comfortable with what you can live with. but risk until until your middle years. stay with cramer

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and i now get to serve the customers of pg&e. i get to help other families. and that's what it's all about. when i came back from iraq, couldn't find work. then i found pg&e's power pathway program. here at pg&e i'm successful living in eureka with our two beautiful kids with a brand new career all because of the power pathway program. if you are a veteran, go to pge.com/powerpathway and hopefully your life will change like mine did. together, we're building a better california. jack: this ridiculously long table in the middle of nowhere? jack: to invite all my friends in the industry to try this. jack: fast food's first ever ribeye burger. jack: made with 100% ribeye beef, grilled onions, a red wine glaze and creamy havarti cheese. jack: ahh, here comes the competition now. jack: and of course, since they work for my competitors, i've obscured their identities jack: except for this guy. jack: he is so screwed. jack: try my new havarti & grilled onion and all-american ribeye burgers.

here on "mad money" we love to see families investing together, often locking in a good stock at an early age sets you up for life so your wealth with grow with your age. so we're kicking off this edition of cram america with some families. first we hear from rico z

whose@jim cramer get them started young. that kid obviously has forth sense. holds up under much pressure next we have a tweet from david who said @jim cramer, awesome time at a philly's game a few years ago, sat next to you and your dad oh yeah we had a good time pop pop used to love to go to games all the time sometimes we come across families that are truly -- to the show and kids they have really horror sense. you think we know ceos, nobody's going to stomp at pounds the poodles kid. >> electronic. >> marco --

>> facebook. >> mark suckerberg. >> well, that's it, that should be a show in its own this guy should have a show in its own. that's an unbelievable -- i happen to like arrow here by the way, facebook i like too twitter maybe we do a change at the top. just twitter patrick tuckers @jim cramer, serious question, can honest mistakes be made >> i may have to do a whole segment on this some day because the answer is honest mistakes can be made and my rule will keep you out of a situation where there's an honest mistake and stock wills take off there are another cases where it's not honest and you lose

everything i'm going for the maximum risk situation as well as the machine m minimal one and i can't tell from the outside which is which and that's why i'm cautious. someone wrote, my brother's 26 without a job. should he open the roth -- >> i prefer the roth first i do want an index, i want an s&p 500 fund, then put your first $10,000 there and to use that as your retirement vehicle. but you should try to pick some of the best stocks that would normally be an etf because i trust you, you watch the show, doing the work, let's make money on individual stocks too not denigrating mutual or index funds, saying let's own some stocks as a mad money situation.

up next is a tweet from c s bulls who kroet @jim cramer enjoy your show too. i haven't read a book in a while, the reason why i lake in-depth because it's a way to -- so many at times and i detail them all so you can learn from them. now here's a tweet from eric wolfe @jim cramer you talk about heavy risk >> 10% is heavy. you got to do your work, figure out the shorts, they often are but that's the percentage i look for. @jim cramer what go you recommend keeping squirrels out of the garden? >> i have triple fence, boxes, underneath i got more fence, i got chicken wire and they todon

get in but you know what my other box they get in and i have to throw the stuff away do what you can with as much fence. someone wrote @jim cramer it'll be great to shed light on age target 401 (k) portfolio are they well taught i just think the index funds are better you can lower how much index exposure and raise cash. i think that's a smarter and modern way than trying to assess what might be in an age-related fund stick with cramer.

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yes or no?gin. do you want the same tools and seamless experience across web and tablet? do you want $4.95 commissions for stocks, $0.50 options contracts? $1.50 futures contracts? what about a dedicated service team of trading specialists? did you say yes? good, then it's time for power e*trade. the platform, price and service that gives you the edge you need. looks like we have a couple seconds left. let's do some card twirling twirling cards e*trade. the original place to invest online. i'd like to say there's always a bull market somewhere and i promise to try to find it for you on "mad money. i'm jim cramer see you next time.

>> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ are jeffrey simon and marc newburger, with a business to help make sure that nothing ever slips through the cracks. howdy, sharks, i'm marc newburger... and i'm jeffrey simon, and our company is... (together) drop stop! we're here today seeking a $300,000 investment in exchange for a 15% stake in our company.