>> karen. >> i want to stay long but it's a run so buy some s&p puts to protect portfolio. >> i like that goose thing, by the way. wynn, roll them bones. we'll see you with jim cramer starts right now 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 cramerica other people want to make friends. i'm just trying to make you some money my job isn't just to entertain but to educate and teach you call me at 1-800-743-cnbc. or tweet me. @ jimcramer. in the withhold days when

the late great host was here, i would be introduced as reverend jim bob cramer from the church of what's happening now. it seemed like everyone was running their own personal hedge fund and understanding a stock could be here today and gone tomorrow and everyonewas fine wit. those days are long over if you recommend a stock for a trade even if you say buy it today for the analyst meeting and sell it tomorrow -- >> sell, sell, sell. >> there will always be a youtube video kicking around that showed you liked the stock but never gave it the sell call. we've gone well beyond that. we are taking it to the next level where i'm introducing you to the concept of suit ability basically what stocks fit you? what investment is right for you? not for this month or week but for your age and temperament i first heard of it when i was in training at goldman sachs

i had been buying individual stocks for myself and for others for a half decade before i got to goldman in '83 as a summer intern at the time i was watching financial news network between classes at harvard law school. that was the pretty cesar to cnbc when i could i'd run over to the harvard business school library and had old reports about stocks 0en a catch as catch can basis so nostalgic to think what i would do next after a found a stock i liked. i would ask for a microfiche of the firm's s.e.c. filings. these are little pieces of plastic you stuck into a machine and red the filings and would maybe only be six months old everything i did is online and instant and updaded. the imperfections were legion. now everybody can know everything but more on that later in the show. i would spend all week trying to find one stock that i thought would be work. one stock that would be good for

one week where anyone who wanted to invest could take the idea and run with it and then i would take my answering plan and give y a 0-second wrap on that answering machines can you imagine? with all those jobs wiped out by your cell phone answering machine, same with answering services for that matter talk about jobs that aren't coming back. i would say, hi, this is jim, i'm not here right now but i like both the chart and the recent numbers from people express. long since bankrupt air line monolithic memories with a red hot stock who saved tesla. yeah, druria last ceo before elon musk. it sounds like a rocket. ended up with a "big" by

advanced micro devices it was the best cramer's not at home call his machine hit i ever had. and believe it or not jim is not home became a rallying cry for lots of people calling me back then hoping i wasn't home so they could get the tip without having to deal with me. long after i got a job at goldman sachs one got the machine with the recommendation, told me to call him as soon as possible i did and he asked me if i knew what suitability was i had no idea. suitability like how does my suit fit i didn't even have a suit. he introduce immediate to the concept and asked if i ever considered people who called moo he and got my answering machine might not be ready for the stock of the hottest semiconductor company and i was recommending it to them one-on-one without any sense of whether it was right for them i said that i always thought that stocks were pretty much a caveat emptor situation. you can't take stocks back they come with no guarantee so what's the dial?

the executive explained before you recommended a stock on a one-on-one level at a registered brokerages house you had to know what that person wanted. what he wanted out of the stock. you wanted to know in the stock was right for them and their tolerance and risk he said, monolithic memories wasn't exactly the right fit for anyone other than bungee jumpers and k-2 climbers let's start there. tonight i want you to ask what is your wristing tolerance how much risk do you want out of a given stock. stocks are peculiar pieces of merchandise when you think of them you buy a car and know it's not worth as when it leaves the lot. there are all sorts of warranties you know the house could burn down the next day but you get a binder with insurance so if it does burn down you get your money back clothes can be returned, phones, pcs, washers and dryers but stock, stocks you buy a share of nike and the next day goldman

sachs downgrades it and the day after foot locker says there's a slowdown in jordan, you can't go back to your broker and say, chief, you didn't tell me this could happen i'm out 6 grand. i want that 6 grand. i want it back caveat emptor. now, would have been incumbent upon the broker when i got started to recognize the buyers would know these things could happen maybe the broker should never have been recommending stocks to begin with no matter, you get the point because you can't take stocks back and get the stock price the same price that you paid because there is no real insurance although you could buy an expensive put underneath with a cost that lowers it dramatically and has to be renewed constantly 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 because these days with electronic brokers there's no real protect a signed form that says 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 will know what suits you and what doesn't no matter what your age or your style. or to put it this way, caveat emptor, no just buyer be a little more aware of what you might be committing your hard earned dollars to when you pull the trigger on a buy >> buy, buy, buy. >> ann marie in new york, ann marie committ marie. >> caller: thanks for taking my call can you talk about trimming our profits because i get eagte eag' up 10 organization 20%. >> if you kept doing that you would miss out on some of the greatest, greatest, greatest stocks in the history of man you may own. what i suggest you do is move that up a little i own don't think you should start selling until you're up 20% or 30% and sell a quarter

position when you're up 60, 70% this is a change from the old days i think you should 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 to you lose the -- a great opportunity unless the story changes and then it's sell, sell, sell lido in texas. >> caller: hey, jim. how are you doing? >> good. how about you? >> caller: my question is as a recent early retiree and one who is anticipating, you know, a possible market correction in the near future, should i allocate the stock index fund now interest a stable income fund or should i wait until after the market has corrected >> no, i mean if you're in retirement stage, i still want to you own equities but not have as exposure you really shouldn't own more than 50% i want you to own some because people that retire tend to live 20, 30, 40 years than they thought. but, no, taking the cash out,

don't necessarily put it in bonds when interest rates are higher but you know what, put money back if the market really craters, otherwise i think you'd be fine and got to let it ride marlo in illinois, marlo >> caller: jim, you talk about index funds. can you please tell us the difference between index funds an etfs and maybe give us a couple example. >> there's not much there. what i want to you do. i default to what warren buffett says buy the vanguard index fund, the lowest cost fund, vanguard is very easy to get to. i just want to go with warren buffett, the greatest investor, why? warren buffett, what am i going to do? argue with him that's never been a great call no more excuses. i'm helping you form the necessary investing strategies you need at all stains of your life from young to old i'll meet you where you are and take you where you need to be on "mad money" we're kicking things off by beginning in the

crib forget binkies here are the two stocks you should be buying to give a newborn a much needed head start. then teenagers have a lot to learn. there is an important lesson everyone can get from them at well i'll fill you in plus from your 20s to your golden years where your money should be sitting at any age stay with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question, tweet cramer, #madtweets send jim an mail on madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something, head to madmoney.cnbc.com.

>> the most interactive show on television. >> if you can't explain in three bull bets why you're buying a stock. don't buy it. >> follow "mad money" today.

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welcome to a special show about you, about knowing what you can and can't do because it's not right for you, welcome to a special show about suitability. the first kind of suitability we will discuss is age suitability. i want to start with kids. particularly with infants. "mad money" has been on so long there were kids born in their teens and if their parents list listened to the show when they started they were well on their way. parent, grandparents, listen up. you can give all sorts of things to families with babies. i want you to open up accounts

or give them shares of sock so that from the earliest moment you can start the process of saving that you have to do now, here's my commercial for what everyone seems to have come around to them which is the notion of index funds. we have come through a period where almost all stocks pretty much traded together and we have seen so many managers been let go or fired because they can't beat the market. so you can take a couple of hundred dollars and buysome shares in an index fund. i'm partial to the standa standard & poor's 500 because they represent the bedrock of the country's publicly traded companies. i like any sort of total return fund that has an even broader away a mix of both is a good start. people ask me all the time total return and s&p 500 your broker or the brokerage site you use might have a fund that is higher growth. you are buying for an infant who has his or her life ahead of them these kinds of funds can really

compound over time meaning if you let it run the money can build upon itself. you might be saying why am i watching the show about stocks if all this guy is talking about infection funds. i can talk about them but it wouldn't make for an interesting show more important, though, is the kind of investing i'm talking about. the comparison we hear about index funds is to actively manage funds this show is geared to people interested in their money and want to be more involved to make it grow. or a curious and want to learn about stocks i believe that you can build a portfolio yourself that can do better than most managers and funds. but i am perfectly sanguine about the notion they can co-exist i just wish the proselytizers weren't such fundamentalists about how bad everything else is their lack of flexibility is so stunning yet i've had a career of picking stocks better than the market and i saw so many investors when i worked at goldman sachs who would never settle for average and didn't. so 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 reinvest the dividend and get the power of compounding meaning each year the dividend may be increased and may be able to buy more stock. we often hear the term dividend aristocrats. 25 years of increasing dividend, which ones come to mind that we liked? 3 m and procter & gamble kimberly-clark or pepsico. a little more juice, i think of faang when i suggest she's, facebook, amazon, netflix and alphabet known as google, hence the "g." why these, i think the facebook is the ultimate one, rapidly growing where you provide the content and they provide the ads. brilliant company, deep bench. amazon, that's a $4 trillion market for retail goodness the world and amazon only has a small fraction netflix, a company that wants so much to dominate entertainment

it recognizes what you want when you want it, game changer. why do i still like alphabet isn't that played out? no, no, no it's because it dominates search which happens to be just the moment you want to buy something so the advertisers love it there's a balance sheet of beauty and a whole bunch of people working to get something new to supplant or complement search and waymo, these are just examples they're about growth i know it seems rather commercial to do what i want done here. but i also think given how poor income growth has been for so many in this country it is important to try to augment the other side the savings side. one other thought i like you know i believe that gold and silver have terrific insurance components to any portfolio. we'll discuss this concept more later in the show. but a highly unusual yet totally blessed by me idea so buy gold or silver pieces for people.

you bought them from a dealer and forgot about them. they may or may not increase, they are the polar opposites of growth or income stocks. they don't throe off money or do anything but in crazy times where inflation could come roaring back there's nothing that holes up better than precious metals. put it in a safe place and that does not mean a hole in the ground a seifeafety deposit box is mory style. time, the action you need to take today to set yourself or your kids up for financial success and the greatest ideas of all time. you probably got the same resource but are you paying attention? unfortunately i don't look anything like how i did in my 20s today. your money should change with age too. i'll explain how stay with cramer

we're going over knowing this hyself how to pick stocks knowing they're right for you and discussed the importance of suitability and the essence of what suitable is for newborns.

what about for kids? what do you do for them? this is when you make your move and decide that you are going to get them involved in what stocks are. pieces of companies they might like now, let's be honest you couldn't explain to a kid what a stock is to save his or her life that's not how i grew up in my house. as much as i love sports, we had world series tickets for the '64 world series given they were 6 1/2 games up with 12 to play, of course, we blew the ball and didn't make it in my house stocks were supreme. you see, my father had gotten a tip from his brother who knew a stockbroker who played tennis to buy national video which for all i know would have made -- could have made it if it started right now as facebook but it was a total bust that cost us fortunes he always would bring home the afternoon ee dig and would difficult me the business second i would look up closing prices the market closed early back then and i tried to anticipate

based on moving averages of how stocks were doing and what they would do next. it w a lot of times i only knew them by their abbreviation in the type but it was a fun game and kept a ledger. i kept a ledger to see scm, ibm, polaroid, you know, xerox, national video i had texas gulf sulfur and rockwell a hot of other companies that have disappeared but have since well, let's just been acquired or still hanging out in trade and had a lot of airline stocks because suckers were always buying those, eastern, national, mostly brand of two. they were household names because of advertising i like the stock picking process so much i got the whole fifth grade at penn manner involved and we would pick stocks and keep track of the closing prices for a week to see who could make the most the problem i was working the exact opposite of what i should have been doing, right although metaphorically what i was doing was still being done

now, just picking stocks by how fast they were climbing and backing away if their climb seemed extended called momentum investing. what i should have been doing is picking the stocks of companies i knew and asked to be able to buy them -- the shares in them so let's go over what would have been right and what was wrong in the picture i just presented which would have been compared to goofus and gallon from the highlights magazines you always found in the dentist office. go goofus would have never taken a tip from his tennis partner. pop i would later learn had no idea what national video was or did and you can find out more now in google than jack the broker national video made picture tubes. when you had a problem it was usually because the tube had blown. and the technologyleft them behind and went bankrupt and closed its doors about five years after pop bought it but had been going straight down

since five days after pop first purchased the stock. he averaged down too many times to tell but i know there was many a cyle leapt meal because of that decline in national video's stock. there were a hot of stocks to choose from back then. most weren't that good according to the arms but there were dividends to be had and in retrospect what we needed was income me, the idea of picking stocks simply because they were going up was antithetical of the idea of buying stocks in companies and more suitable to dart throwing it made sense, many were defense contractors, we were just beginning lyndon johnson's buildup to the vietnam war efforts. it was a lot of fun. but in retrospect you know what, i learned the most about stocks from two 3m board games, acqu e acquirer and a fabulous game calls stocked and bonds. my father sold games for 3m back then and acquirer was about merger and acquisitions and

stocks and bond was about accumulating wealth through risky or conservative stocks necessary days we have all whole fantasy leagues. it could hold up to this day now, let's go back in time think about what i could have done first when you were a boy or girl you play with toys. it would have been such a natural to have bought shares this mattel or hasbro if you looked at some of the financials now i'm not asking kids to know what it means to own shares in a company in terms of price to earnings or even earnings but a way to teach kids that you can own a share in a company they know toys i bet you they'd pick hasbro over mattel. the irony should not be lost on my family. 3m is an aristocrat. that's quite a statement if we had just looked at the spine. speaking of dividend risk we had

a box of cheerios and could have bought general mills and the easy ones. who didn't want to go to disney world. it's that factor and not how many people cut espn off in the end. that's what matters. it's that the initial property, the library, the library alone should make you want to own shares in the company. the theme park, let's not out-think this game. johnson & johnson's band-aids and shampoos were stabltape mann my house and knew i wiped my nose with kleenex. these aren't taught but embossed or printed i know mcdonald's today may not seem like something you would necessarily want to invest in but the ceo is going to make it more organic over time a burger would cost a fortune and mcdonald's would have to crater its earnings for years. something they can hear and touch or like. put it away. stock won't always work out.

but think of what you liked when you were little or what your parents liked when they were little look, if it trades, you more than likely have a winner so the bottom line if you want to get your kids some investing, buy a brand name not this year's version of national video something they can see and hear and touch and even like. yet just own it. the stock won't always work. but think of what you liked when you were little. and remember that you may have a long-term winner on your hands let's go to judy in texas. judy >> caller: hi, jim how are you? >> i am good how about you, judy? >> caller: i'm great, thank you. my son, william, has been very interested in buying stock and he's calling with me now and my dad gave him some money to purchase some stock so we're looking at his very stock purchase and wondering how we look at what stocks to buy

like where should he start. >> okay, he should look at things, common household thing that's sees and you see and then what you want to do is figure out how much money you want to put in it and you point a quarter of it in a quarter because in the market goes down immediately this is a suck you're game put a quarter in and then wait for another three months, another quarter and then hopefully you'll get a sell-off and be ready to buy. if not put the rest of the money to work by the end of the year but make it household name brands that everybody knows and can sink their teeth in. cal in florida cal. >> caller: hi, jim how are you? >> good. how are you. >> caller: good. i read and enjoyed "confessions of a street addict" and want to give kudos to your hero, mrs. cramer. >> she knew how to trade better than anybody else in the world >> good for you. i'd like to know your opinion on buying gold and silver as a hedge against the market. >> i think cash is the best

hedges okay against the market against the monetary system you're right with gold i happen to like actual physical gold i actually like buying gold coins. if you can't afford it, the stock also not work because they tend not to reflect the price of gold so if you do buy gold bouillon, do not keep it in your house but i think you're dead right about the idea stocks don't need to be abstract certificates or numbers and lers behind a password protected screen they're real you can touch, taste and play with them. with kids that's often the best play to start. still more "mad money" ahead including investing advice from one of the wisest groups of people around. teenagers. i'll explain next. plus, a serious piece of investing wisdom i think is dead wrong and could be wreaking havoc on your money right now and i'm taking your questions tweet by tweet so send them my way with mad tweets and stay with cramer.

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we all know teenagers are incorrigible the last thing they want to hear about is stocks. they have bigger fish to fry which i say so what. i'm not going to tell them what to buy i'm going to let them tell me. people who watch this show have been huge beneficiaries of the innate consumer wisdom of my daughters. why do you think you might have heard me say i like domino's sure i met with patrick doyle the day he became ceo and it was 10 bucks and it did taste like cardboard before he reformulated it and i liked that whole line of advertising and told you i thought it was a good spec but my kids liked the track and

joe's. i wasn't so picky. i tried it and like it and like the speed so sure i recommended it that's not what made it a crown jewel. it was the technology behind dpz. my kids most likely like your kids hate talking on the phone they think it is for losers. but apps, they love them and when my kid discovered it no talking to people who might get their order wrong. no worry about where the pizza was in the process two things the local joins couldn't do and no cheese option for the vegetarians that ask twice about the cheese as in are you sure you want no cheese? finally there was a joy of being able to pay online kids don't want to fuss with money. all of this was lost on me i never minded the phone i was always patient about when the pizza would arrive in short i was not like the target audience. that's why i always called dom

know's a tech company that sells pizza. many know by now the story of how i found apple when my youngest daughter asked for a second ipod. not because she lost it as i accused her of but because sheashe wanted another color personal computers, come on. my various employers never embraced apple but my kids are kids they would rather be caught dead than a new non-apple brand then they want them. they want them as presents despite the cost which as they get older they actually start knowing about. the iphone is more controversial. they don't like change they didn't like the plug change they don't want to hear about the earbuds. what they don't want is samsung. the purchase derided ignored apple ecosystem with its service charges that make it so that they have to pay to have all of their millions of pictures stored when my kids come to me and beg for a samsung you know what, you might hear me say some different

things about apple than i currently do your kids won't know much about income or the power of compounding but what they will know, what they will know is how the feel guilty that they feel about the amount of phone charges they wrack up, right you think i've been recommending verizon since the beginning of the show for nothing it's the cash cow that your kids turn you on to that continues and will continue to work even as there's very little growth. how about this google it, dad yeah, that's how i found out about google and alphabet. when i got the word from the kids they weren't allowed to google something they were involved in at school because it was cheating, oh, that was enough for me. when i was doing my senior thesis at harvard to do mindless name dropping we had access to the librarians at the library. their job look up anything that you wanted looked up they had to go to the stacks for you as they were called and find out things that you wouldn't know where to begin with i wonder whatever happened to those jobs

my kids aren't into 1340sports they get their news from the iphone and entertainment from netflix. is it like "house of cards." the desire for them to watch what they want to watch. all of them. i signed up so we could watch things together. no faang isn't all their creation, i figured out amazon but facebook like i say i went to harvard when you're a freshman you got a book, the facebook and had everyone's pig turp. it is a deer race of facebook. my kids were on facebook earlier. my younger got sick of it probably because i went on it but then she went to instagram so facebook made it so you didn't know it was part of something older people discovered i didn't think the ads work the until we were inundated with red hot chili peppers. does everyone else dream that their ad is just a link? but its seems only mark zuckerberg has the forethought

to care about it to such aean extent my youngest returned pretty early on after that food sickening incident she did take outbecause she didn't want to be seen inside because she thought people would say, wow, what is she doing inside nothing is perfect but they -- their picks, they will do. what if the picks themselves aren't any good. what if they are errant. your kid likes a device that fits in your head and takes pictures or fits on a wrist and measures steps okay, that's the cost of lenning. it happens, gopro, it happens fitbit remember, they have their whole live as head of them to make that money back if it is a screw-up you see, that's the beautiful thing about teen investing you can lose it and no one may end up noticing in the end you pull the same kind of thing laettner real life like me it has consequences but the bottom line is that for now you can learn from your teenage children

trust me, invest with them and you won't regret it. "mad money" is back after the break. all week cramer sits down with some of the sweet players join "mad money" for must see interviews you can't afford to miss ♪ don't fence me in. ♪ let me be by myself ♪ in the evenin' breeze, ♪ listen to the murmur of the tall concrete, ♪ ♪ send me off forever, but i ask you please ♪ ♪ don't fence me in.

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so how about the rest of our lives? what are we thinking about suitability then sadly if here on in things get less and less suitable not initially. when you're in college i don't expect to you put any money away at all college costs too much when i used to do my college chores i would try to get them to buy a share or two of a stock but it taps the living daylights out of you i regard it as a total hardship to contemplate savings once you are out in the real world it's imperative you save preferably through a 401(k) man at work or self-directed i.r.a i always prefer the latter because you can pick stocks not

just pick from options your company forces down tlour quote, i'm sorry that your company gives you and you pay a fee. that's for another she index funds and individual stocks there's so many risk in individual stocks to put together a portfolio of them of your own choosing. at a minimum put your first $10,000 from your first 20 years into an index fund, the s&p 500 being my favorite. as i mentioned before. now, i know that some will argue with that. i see them arguing on twitterment i don't care i know the truth the possibility of one really bad stock hurting your nest egg in your 20s is simply too risky. no one stock or secretary can do that to you but with the rest i do like stocks and i want you to be diversified it's which we play when we can where i try to explain what diversification is in a breezy way. why we created a club, the action alerts plus club to show you how to invest.

the ones that involve my charitable trust the trust is only allowed to invest alongside club members when i mentioned the stocks the restriction are that great to protect you. if you want in-depth work on the stocks we talk about and almost daily updates about a lot of them with a once a week update of all of them action alerts plus.com, the thing i created is a way to go. i say that because i always talk about buying homework. you need to buy one but have to keep up with it. remember back to earlier in the show when i discussed how hard it was to do the homework. the trips to the library to discuss month old research now it's so easy that i have had to scrap one of my earliest tenets when i started the street.com in the '90s spend a couple of hours studying your stocks. you need to read the conference calls and google articles galore so many you'll get sick of the process quickly and have articles and research pushed to you along with charts that i would have only dreamt of at one point into my career or read

what we bright at action alerts plus.com whatever makes you more comfortable to take charge of your money i want confident not overconfident. remember, i want you to be good managers of your money or a good client i don't have a preference. it's at this stage it's important to know thyself in terms of risk. until you get to this age i want to you take all the risk you can whether you like it or not i would like to think i have more knowledge of what you can tolerate than you do but when you get to your 20s all i can do is ask, ask you to think about what you will do in a sell-off will you buy more or will you cut and run? do you have the wherewithal to take a decline or buy more and does it sicken you can you accept stocks go down, not a silly question given how they've gone up over time. these are crucial question tass only you can answer. i would like to you take more risk and more individual stocks that have growth characteristics once you have put away that

$10,000 is my preference but i would hate to see you commit more than 20% of your money, your mad money to individual stocks that would not be my preference. as you get older capture more income by owning more that give dividends. but don't be too quick to do so. in fact, i would not advise to you do that until your 30s only in your 40s do i want to introduce bonds. you should ab able to put enough away, bonds even lower earning bonds will protect some of your investing capital. in the old days it would have been here say to say that. the problem with that is twofold. life expectancy. many people are outrunning their fortourans and lack of good fixed outcome all tournament tiffs. i favor higher yielding stocks to most bonds although i recognize you age and boast have that nine caveat emptor provision. you can and do get your money back

your 60s easy to see how you can put 50% into bones and take them up 10% each more decade. that brings us to the notion of suitability. if you can't handle the risk, if you think the stock market is simply no at legitimate as it once was because it's prone to such deep valleys or what in retrospect look like overblown threats or flash crashes for that matter then i think you have to decide yourself if cashing out or taking stocks to minimal levels is right for you. the bottom line, it's your life not mine so get comfortable with what you can live with. but risk at least until your middle years should remain a friend stay with cramer >> announcer: when can -- it comes to your portfolio cramer will always go the extra mile telling the moist valuable stories.

start your investment journey with "mad money. and let cramer help map out your financial future

here on "mad money" paddock we love to see families investing together often locking in a best to beat stock an early age can set you

up for life. so we're kicking off this editionof mad tweets with some cramerican amilies. first we hear from rico z who says, @jimcramer get them started young. i looic that that kid obviously has great sense. there's some charts in there maybe the kid likes the charts too. all right. holes up under much pressure next we have a tweet from david who said @jimcramer "next generation" to you and your dad at a phillies game. yeah, we had a game time and pop and i used to love to go to games all the time i was a vendor with the phillies all right. now, sometimes we come across some families that are truly cadre to the show and some kids that have real horse sense you think you know who the ceo

is nobody will stump at pounds the poodle's kid >> electronic. >> michael law. >> facebook. >> mark zuckerberg. >> twitter >> jack dorsey >> and your favorite for the opening bell >> jim cramer and david -- >> that's it i mean, that is -- that should abe show on its own. next up patrick tucker asks, @jim cramer, serious question, are accounting issues pretty much always because of some level of shadiness or can hones mistakes be made i could spend a whole segment on this the answer is honest mistakes can be made and a lot of times my rule will keep you out of a situation where there's an honest mistake and then the stock takes off but there are other cases where it's not honest and you lose everything so i am going for the maximum

risk situation as opposed to the minimum one and i can't really tell from the outside which is which which is why i'm so cautious now a tweet from addio should he open a roth or i.r.a. to get his retirement savings going? i prefer the roth. you have repeat ldly said you prefer individual stocks over t etfs first i want -- i do want an index, s&p 500 fund and then i want to you put your first 10,000 there and then i want to you continue to use that as your retirement vehicle but i also think you should be able to try to pick some of the best stocks that would normally be in an etf because i trust you. you watch the show and doing the work let's make some money together in individual stocks too not denigrating mutual fund, not denigrating index funds saying let's own some stocks as a "mad

money" situation up next a tweet from cs bowles just got "get rich carefully." the reason i liked that is because it is in-depth look at how to pit stocks against each other and the mistakes that i have made, so many at times and i detail them all embarrassingly so you can learn from them here's a tweet from erc wolffe who wrote @jimcramer 10% is heavy if i see 10% shorted i sense that something could be wrong. got to do your work. got to figure out if the shorts are wrong. they often are but that's what the percentage is that i look for. coach tweeted, what do you recommend to keep squirrels out of the garden? we do not -- i got triple phelps and boxes, i have underneath i have more fence and i've got

chicken fire man, we got the whole shooting match and they don't 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. i spend way too much thinking about fencing. it is a preoccupation of mine. it would be great if you could shed some light on the age targeted 401(k) portfolios are they well thought? we'll appreciate your advice i think the index funds are better you can lower at times and raise cash and that's a better way to look at it i just think that's a much smarter and modern way than trying to assess what might be in an age-related fund stick with cramer. their money by 2012?upled even now, experts all across america predict the real gold rush is just beginning. don't wait another day. physical gold coins are easy to buy and sell

and one of the best ways to protect your life-savings from the next financial meltdown. - [announcer] today the u.s. money reserve announces the immediate release of u.s. government issued solid gold coins for the incredible price shown on your screen. these gold american eagles are official gold coins of the united states and are being sold for the price shown on your screen. - with over a quarter of a million clients worldwide, we're one of the most dependable gold distributors in america. let us help you add physical gold coins to your portfolio. it's easy and it's affordable. give us a call today to get started. (gentle bright music) - [narrator] today the u.s. money reserve is releasing official gold american eagle coins at cost for the incredible price shown on your screen. these government issued gold coins are official u.s. legal tender, made from solid gold mined here in america and fully backed by the united states government for their gold weight, purity, and content.

do not delay, call now to purchase your gold american eagles for the amazing price shown on your screen. gold is now on sale at prices unseen in years and this year could be one of the greatest gold buying opportunities of all time. call now while vault inventory remains. as one of the largest u.s. gold coin distributors in the country, the u.s. money reserve has proudly served hundreds of thousands of clients worldwide. don't wait another minute, call now to purchase your american eagle coins at cost, for the amazing price shown on your screen. i always say there's a bull market somewhere i promise to find it right here for you on "mad money. i'm jim cramer see you next time.

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