this is fun, high energy terry duffy watching your show. >> big fan >> and 19% up year over year atoe being with all of you th ds it 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 patrol mromisep 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 want to make you money. i want to educate and train you. tweet me at jim cramer you want to know the most useless thing you can do in this business is worry about what

everybody else is worrying about. the flip side of this is true. there is no point in getting excited about something that everybody else is eagerly anticipating why? because when the vast majority of investors agree something will happen, that thing tends to be already priced into the stock market while the real economy moves at its own sedated pace, you got to borrow money for equipment and goods and transport them to retail outlets and wait for the customer to come along and buy them the stock market has no such limitations. stocks don't travel at the speed of light how about the speed of thought they come pretty close the moment of preponderance of hedge fund and mutual fund decide the economy is speeding up or flat lining stocks start trading like that's instantaneo instantaneously. once the big institutional

portfolio managers are on the same page about something, they can be confident it's baked into the averages when i say insptantaneously, i don't have a ton of use for economists as a profession they tend to take an ivory tower approach to the discipline meaning they have models for how the world is supposed to work and can be very boring sorry. but they rarely let the facts get in the way of a good story the data conflicts with the model, economists have a bad habit of throwing away the data. not the model. however, as long as you keep that cav yacht in mind, economics can have useful concepts for investors one is the efficient market's hypothesis at any given moment, stock prices reflect all the relevant information in the universe that's out there at that moment and when some new data comes out, stocks immediately adjust

and are reflected in reality you'll hear index fund purest why it's impossible for stock pickers to get any edge. whatever you know about a company should be baked into the share price. can't get an edge. markets are so efficient investing in stocks is the same as gamblingambling the only thing to push the stock higher or lower is new piece of information that nobody knows. it has to be something totally unknown. if anyone did know, they would have acted on it already it would be built into the share price. the only things that can move stocks are unknown, unknowns to use the former defense secretary donald rumsfeld and if you're betting on unknown, unknown you might as well play roulette. it's more fun. that's why index fund advocates adore the hypothesis it's impossible for individual investors to consistently beat the averages

if you want equity exposure, the only smart way to do it is put the money in a nice low cost index fund that mirrors the s&p 500. i have no beef with that beyond me, beef, whatever. i have no beef with index funds. in fact, i think they are the best way for the vast majority of people that invest in the market i've said that since day one if you have the time and inclination to pick stocks, you should still direct a big chunk of savings into a cheap s&p 500 index fund the safest way to get exposure and perfect for the retirement account. it's hard to be a good individual stock investor and takes work but it's incredibly easy to be an index fund investor putting money in a 401 k or ira, you can contribute over time with every paycheck and as long as you believe the u.s. economy keeps growing over the long haul, you can leave that money in an index fund and check in, maybe once or twice a month and people can use the ira for stocks that's fine. index fund, index fund for

retirement but to get back on track, this idea that you can't beat the market because efficient market hypothesis says the stocks were valued i got to tell you something. this is how i feel about that one. it's bogus and the people who presume it, putting aside the fact that it consistently beat the averages every year at my old hedge fund giving my clients a 24% compound annual return after all fees over the course of 14 years, the simple truth is markets are not perfectly efficient. they are often irrational and make mistakes and miss value information every day and that's a major reason why you can make money picking stocks these anomalies are good for your port ffolio. a lot of communism it doesn't work in life. so why the heck did i bring up the efficient market hypothesis in the first place if it's a bone headed idea if it's not speaking to we know for a fact that markets are all

kinds of inefficient, all and it's still a useful idea, as an ironclad law of the universe, it can help us. as a rough guideline, it can lead us in the right direction markets do try to be efficient they aspire to efficiency. when a company reports a fantastic quarter, the stock will immediately spike because that's the data that can get baked in quickly when the federal reserve checzefserve chy and won't raise interest rates as planned, it takes longer to bake as we found out at the end of 2018 when the fed got cold feet about the rate hike policy. that took weeks and weeks to work through averages. stocks that benefit from lower race and a lot of them will instantly sore but it can take days or weeks or months for the averages to fully reflect the new normal because it takes time for portfolio managers to reposition they can't just go in and out. they have too much money under management we're talking about huge slugs

of stock here. no hedge fund or mutual stock will buy we reach an equal librium. call it kind of sort of efficient markets when there is a widely held consensus view about something, anything, be it positive or negative, you have to assume that if you were being discounted by the market when everybody feels euphoria about the market, don't expect stocks to get slammed on disappointing numbers. people are already disappointed. in short, when talking heads and journalists in the money managers are telling you to be afraid of the same thing, you don't need to be afraid. let everyone else worry for you. from the stock market's perspective, the fact most investors believe something will happen means in a way it's happened already yet, it's so easy to fall pray to the group think when you're managing your own money.

emotions are infectious. when you see all sorts of experts come on television and saying the same thing while the newspapers print similar stories and friends echoed this back to you, it's only natural to assume it must be true and very often it is true but that doesn't mean it's going to move stock prices. by the time we get any kind of real consensus on an issue thanks move is probably over you have missed it the bottom line, you want to be a better investor, don't tear your hair out fretting about the same thing as everybody else instead, you should worry about the things other people don't seem to care about because the real threat is the one you don't see coming dave in virginia, dave >> caller: hi, jim how are you doing? >> doing well, dave, how about you? >> caller: good. i'm from virginia. i was born in plymouth meeting and raised in summit. >> oh, my, we are dopple

gangers. i love that. >> caller: we want to leave our assets with a certain minimum amount to our two children and retire on the other half they were both in their mid 20s and we will adjust our lifestyle if we have to in order to leave that minimum now, most money managers would say that at our age in a normalized interest rate environment, we should be about 60% in stocks and the kids should be around 85% so without setting up new trusts, we invest the minimum now as if it were their money now and if so, allocate stocks half at 60% and half at 85%? >> i think the 85% all in for younger people is definitely right. for you, i'm assuming you're my age, i think 60 to 65, we certainly feel like we're going

to go longer than the actual table so i prefer always to put a little bit more stock in there than most think. if you want to go 90 for 20-year-olds, i would bless that, too. we have to have those assets in there to make a lot of money over time and thank you for the kind comments. let's go to frank in new york, frank? >> caller: yes, jim. thank you very much. this is the first time in a long time. >> okay. >> caller: i'd like to ask you what's the difference between general stocks and over the counter stocks and should i do them differently >> no, i mean, they used to be very different one was a bid done by different -- with my day, when i was at gold man, over the counter was different from the list these days it really have blended. i wouldn't worry about it. just stay focused on the fundamentals hey, listen up don't sweat what they are all sweating pay attention to what others are ignoring on "mad money" tonight, to trade or not trade, that is the question i'll tell you how to come out on

top by pointing the different ways to approach investing then feel like the market sometimes speaks a different language? i'll tell you how to decipher hidden messages in the tape and the next time you see a hot ipo, well, should you consider buying the company or not not so fast. i'll tell you why. stay with cramer >> don't miss a second of "mad money. follow @jim cramer on twitter and send an email to jim at cnbc.com or call 1800-743-cnbc miss something head to mad money.cnbc.come. when it comes to your customers' expectations,

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♪ cool. ♪

like i told you before the break, when you pack into a crowded trade, you're playing with fire. if everyone is on the same page about the stock or sector, the easy money has already been made, people doesn't mean you can't profit from something obvious that does happen when you're late to the party, you're going to have lower returns and higher risk. that is the nature of the beast. fortunately nobody is putting a gun to your head that would be terrible and forcing you to follow the hedge. in fact, you don't have to think about spotting tops and bottoms but gauging sentiment. there are a lot of different ways to invest some take less work than others. for example, there is timing you can try to call every stock

poised for a near term bottom and selling them when they look toppy. you can trade around the core position and lightening up on part of it when it gets over extended and buy it back when the stock sells off. you can keep your battle on your shoulder waiting for the perfect moment where the whole market sales off dramatically giving self-a chan yourself a chance. i love doing this stuff. if you have the time, the inclination, the right resources, it's a terrific way to make money but if you have a full-time job, this whole approach is lunacy and i say that as someone who knows a lot about crazy. regular people who work for a living don't have time to stare into the tape all day. if you work the night shift, it's not a good use of your precious free time more importantly, it's not worth the agitation and that's why i come here every night to do the show i focus on the market like a hawk so you can take a less

intense approach that lets you go to work and have a personal one. how should you approach the market if you're not prepared to devote your entire waking life to watching stocks what's the safest way to handle individual stocks part time? for starters, let me say again, that index funds are a wonderful thing. wouldn't it be great if someone says jim doesn't like index funds. did you listen to it i say it 40,000 times. if at any point what i describe sounds too daunting, don't hesitate to say individual stocks are not for me and put most of your mad money, the cash you invest that's not part of your retirement portfolio into a low-cost index fund. i tell you this a lot because it's good advice being a savvy stock investor takes work being a savvy index fund investor is easy or relatively so sure, if you manage your portfolio well, i think you could be with a diversified

group of stocks. i've seen it happen hundreds of times but not everybody has that time and temperament and not everybody is comfortable taking the risk to chase a higher return and that's fine what need to do what is right for you. keep that index option in your back pocket. assume you want to profit from the individual stocks. let's talk about how you can do that without the market taking control of your life and just constantly living a bowl of worry and confusion. first, from get-go you need to accept the best is enemy of the good there is no point in trying to buy ourselves stocks at the perfect moment nobody is that talented. making the attempt will drive you nuts you need to accept results that are good enough rather than trying to chase perfection for example, if a stock you like gets hammered down from 60 to 50 and you pull the trigger and goes down before it bottoms and rebounds, don't kick yourself for making a mistake you didn't skew ucrew up.

you could have done better but a win is a win i don't believe in buying whole. wait a second. cramer is breaking the orthodox? no i believe in buying in homework, buy in whole to me is reckless high b buying homework is prudent. you need to research companies and if something goes wrong, you have to bail it's a good idea to buy stocks on the way down and sell up and all of that requires active management but don't fee compelled to be too active the last thing you need is to be in and out of stocks with every g point. most gains occur in concentrated bursts and you're liable to miss them if you're on the sidelines. again, if you got the time and inclination to trade, that's great however most people don't. when you have a full-time job and you're trying to manage your own portfolio, you have to be willing to sit tight there will be sell offs. there will be rotations out of one group into another

there will be crazy action or week to week or day to day basis. you don't have to constantly adjust your holdings based on the moves. that would be wrong. if you believe in the stocks you own and you shouldn't own anything you don't believe in, just sell them then you should be willing to stick with them when the backdrop gets tough. you can't just bail. ideally you wouldn't be able to trade in and out but like i told you, the best is the enemy of the good don't chase perfection and practice when everybody is panicking over the latest crisis, you will be tempted to sell everything and you might even avoid a substantial decline by bailing on the stock market but sooner or later, you have to get back in. the whole point of sidesteps the decline is how to sell high and buy low. unfortunately, it's hard to nail the timing here. if you dump everything, there is no guarantee you'll be able to buy stocks back before something changes and the market comes roaring back something we saw by the way in the spring of 2019 after fed chief jay powell told us some rate cuts might be on the

horizon. wow. okay that would breathe new life into the economy. so what's the solution if you don't want to give yourself a panic attack every day. keep doing the homework so you know what you own. when your stocks are higher, use that opportunity to ring the register on position and race and cash and after a 20% move or more, take something off the table. a little something when your stocks get hit, put the cash to work buying shares at lower prices but you don't have to nail every short term top and both ton that's too hard. to trade or not trade? if you want to be an investor that doesn't need to stare at the tape all day long, it's noble in the mind for the sings and arrows of outrageous fortune. you need to be good enough and you shouldn't waste your time trying to anticipate every giration in the market

let's speak to ryan in new jersey. >> caller: boo-yah, jim, how are you doing? >> well, thank you how about you? >> caller: i'm doing good. i'm looking to invest my first $20,000. i know that's putting the first pin into an s&p 500 fund is a smart move but i'm wondering what to do with the other ten. i don't have time to do my homework i'm wondering if it's a good move to go with index funds and etfs. >> if you do not have time, you must and i don't want those small sector etfs. i prefer a total return fund or a fund with a high growth. i don't want sector by sector because those funds tend to not make people money because people buy them high and sell low let's go to raleigh in georgia. >> caller: thank you for taking my call. you are the man. >> thank you. >> caller: yes, sir, i was asking what kind of percentage would you recommend of gold in your portfolio physical gold or -- >> i think 10% is fine i know that it's been terrible

but, you know, just like insurance, you don't want insurance to pay off it's insurance and nothing else. all right. don't try to anticipate every move in the market, do the homework on what your own. there is much more "mad money" ahead. nothing generates enthusiasm like a newly minted company. why you should proceed with caution the next time you see a company going public being at the right place at the right time is important. i'll show why. hear that? that's the tape talking. i'll help you separate the signal from the noise. stay with cramer

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the stock market talks to me and i mean that figuratively, not literally. contrary to what you may have heard on twitter, i do not hear voices but my left molar crown does play music. i'm constantly listening to the tape to get read on the big institutional muoney managers ar up to and i need to separate it something until from the noise what do i mean by that on any given day, there might be monster moves in stocks. all these are equally significant. when you see the cloud stocks get killed, your natural

conclusion to draw is that something must be wrong with the cloud. when a really low group bounces, it's not much of a stretch to assume maybe the pain is at last over but that's just too easy, people the truth is some of the moves are a signal and some are noise. it tells you that the stock will probably keep moving the same direction. noise on the other hand is noise. to barrow a line from one of my favorite characters mcbeth, noise is a play there frets his hour on the stage and is heard no more. it is a tale told by an idiot while signal carry as message, there is no take away from noise and a dynamite investor. distinguishing one from the other is as much as hard so how do you tell when a major stock swings something larger or should be ignored? before you get into something

meaningful, we have major single day advance with no significance all the time although we try to read into it good stocks can get ahead of themselves rallying too far too fast the technical term for this is over bought and charter measure with the slowest oscillator talking about these on tuesdays off the charts when you're over bought, it means everybody wants the stock at a given level purchased it and the company can have an over bought stock and when you run out of buyers, it's a bupull ba. it doesn't tell you anything except the stock in question needs to digest the gains. at the same time bad stocks can rally and for similar reasons. if they get over sold because they have come down too quickly, you need to get a nice over sold pass once again, this is the sort of rally that doesn't convey much information. it's technical it's noise the stock got over sold at bounce and unless something else changes, it can go back down once it works off the bounce that's the thing you see head and shoulders down and down and

with some ridges i bring this up because when you see dramatic swings in stocks, your mind will try to draw a conclusion and connects to the fundamentals the real world facts about how the company is doing, you think somehow they relate. sometimes that connection does exist. other time the action in the stock is not noise but a signal and you'll feel foolish. those who want to know more about this can go back to the cannon on stock markets right here wow. early release no doubt "confessions of a street act" tells all and convince yourself something is happening underneath i describe a move of a point and anatomy of a one-point gain. all that happens is you have buyers and sellers in a way totally unrelated to the company. disturbing, don't you think? let's hope of course, not just the technicals there are plenty of reasons why the stock might

explode high or melt down and nothing with fundamentals at all. no greater significance. i want you to consider from the cloud computing stock, the most majestic of the cloud kings acquiring software, data for an enormous period and all stock transition at first, the pin action from the tabloid deal was very positive investors figure all the other cloud place might be takeover targets now, service, adobe, octa, zen desk ramp higher on takeover speculation however the very next day the cloud stocks came right back down, i mean, they were really obliterated because surprise, surprise the sales force tabloid high up was more of a one off transaction. sales force needed a data analytics program and a unique opportunity which is why they agreed to pay a huge premium sales force wanted them.

when wall street realized the cloud plays wouldn't be bought any time soon, their stocks just plummeted. brutal day once again, it meant nothing the only take away from the pull back is they never should have been up in the first place because the tabloid news was generous as we say in law school how do you know when a big move is foreshadowing something bigger there is a lot of signal that's obvious. the company report as blowout quarter and it's stock force obvious. analyst cuts estimates, stock plummets, obvious. that's business as usual and look for the unusual the company catches an analyst downgrade and stock goes up, interesting signal counter intuitive. when a stock refuses to go lower on bad news, it means that stock is putting in a significant bottom and ready to rock higher. i like that. by the same token, when a company reports the bullish conference call and the stock gets slammed, oh, boy.

it means wall street believes that this company is looking at the last good quarter that happens very often when your stock falls on positive news, that is the definition of a possible top from the most part you can't decipher midden messages and the way stocks are trading except in rare cases you shouldn't try it's important to know it's working and not working in any given matter and market. but you can't let your money management decision be completely guided by what's in or out of style on the wall street fashion show. i always tell you that otherwise you end up owning stocks because they are going higher that's a terrible place to be because you don't know what to do when they start coming down the bottom line, when you're evaluating a stock, take your queue from the fund mentals of the under lying company. don't take the day to day moves and you can ex trap rate a great deal and move and individual stock but more often it's telling you something you

already know or it's just noise that means nothing let's go to dale in florida, dale >> caller: boo-yah cramer. first time here from the university of florida. >> go gators. >> caller: in your book "real money" you say a company doing an in the whole secondary is one you don't want to be invested in is this rule without exception or circumstances where it's okay for a not yet profitable company to do a secondary offering and expand >> if there is a particular piece of news drawing the stock up, i might get behind it on a little case by case but typically, i'm just suspicious and critical how about adita in ohio. >> caller: boo-yah, jim. >> boo-yah >> caller: i'm a long-time listener i appreciate you taking my call. >> what's going on >> caller: so you always adjust owning index funds in a

portfolio. >> absolutely. >> caller: and my question for you is two part. one, what percentage of my portfolio should be an index fund versus individual equities and number two, you also suggest owning index funds that track the s&p. do you suggest you should own sector related funds in addition to general s&p for example in health care? >> no. e de i definitely don't want sector related. i want the full plan of play that's why i like the s&p 500. the rest is your mad money for individual stocks that you can still make a lot of money in but no, index funds are the bedrock. i wish it weren't the case but i got a new worry, too i think individual stocks with a lot of homework can make you more money fundamentals matter, more "mad money" and offering a word of warning for the next time we see a wave of upcoming ipos. don't miss this.

you may want to do the right thing but for the wrong reason, it might cost you. i'm taking your questions tweet by tweet with #mat twedtweets a stay with cramer

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all night i've been warning you about the dangers of being a follower when everybody expects the same outcome in the stock market, there is a good chance it won't play out because it's priced in. you need tore wary of the ipo cycle.

we seen this pattern over and over and over again and we get deals first many explode higher and at the same time they are flooding market with stock supply that drags us down. i said it a million times. the stock market is like any other market it's all about supply and demand so much supply and prices go lower and when ipos are making people fortunes, you tend to get a psense of exuberance and we gt slammed. we see this happen so many times. look, 2019, the latest ipo craze. one that was spearheaded by levis, a deal that worked very well and gave way to the likes of lyft and uber two ride share services that burned investors once people started sour ing on ipos, the market sold off hard that was a brutalmonth it didn't help president trump ratcheted the up trade war and

while the pain didn't last, it's something you could avoid. if you listen to me, ranting and raving about how the massive uber deal would be like around the markets neck what makes the ipo cycle so dangerous? let's look back at 2014. in the first quarter of 2014, the market was overwhelmed with a wave of new deals in two particular industries, the cloud based software stocks, the service and the bioteches. in january or february 2014, these newly minted software service stocks and bioteches kept roaring higher and higher and ipo flood gates opened, i started to get concerned in a real bubble, the kind that can devastate a descent portion of your portfolio, you often get a slew of offerings as companies try to cash in on the public market it's natural as this process goes on, the company tended the decline in quality toward the end of the move scooping the bottom of the barrel by the way that's what we saw play out actually in the big one, in the

big one. the technology stocks of 2000 as tons of profitless.comes come public and we saw something similar in 2014 as a service company did the same thing we had a lot of secondaries. those were bad that's why i came and warned you about the danger of ipo mania. there is one way to move a bull market by flooding with supply again, whether tons of companies start coming public, we get a supply glut in the stock market. money managers have to start selling older more established software as service companies like sales force to raise cash to participate in the fresh ipos and eventually this ipo bubble would burst. the bulk of the stocks that became public in 2014 with huge spikes lost fortunes in the aftermarket and took many years to recover you have to be very selective at the time because most of those stocks were coming public with incredibly stretched valuations. even as they didn't have any earnings and didn't have revenue, the actual winners were few and far between.

the draws vastly out weighed the gold that's what happened with ipo over lead. the best cloud stock in 2014, the ones that are cloud royalty took a long time to bounce back from the ipo overload. don't forget, hundreds of low quality companies that came public in the 2000 era went bankrupt 2014 wasn't as bad but caused a brutal downturn and of course, we saw the same thing in 2019. sure, there were winners like right out of the gate, zoom video but for every ipo that worked, there was another one that fell out of style, the uber and lyft and most of the choines ipos that are risky because china doesn't have the same government standards that we do. the other big problem, when portfolio managers get start, they need to raise the money by selling something else and when there are lots of large deals, they need to do a lot of selling. companies tend to be sources of funds and if you believe you're

going to make a killing in an ipo, you don't really care how you raise that money this leads to fund managers desperate to raise cash and don't care about being disciplined but selling because price is irrelevant to help and that helped fuel the market why weakness in may of 2019 around the huge uber ipo like in 2000 and 2014 the bulk of the new money that comes into the market goes into index funds now and they can't participate in ipos because these stocks aren't in the industry yet those that participate, they don't have enough cash coming in to get into all these big deals without selling something first. so the next time you have a big wave of publish offerings coming, remember it pays to be cautious when the ipos are coming hot and heavy as much as i love anything that generates enthusiasm for the stock market, you know that and nothing does like ipos, you have to be extra careful with a wave of issues. the cycle starts out strong and

generates euphoria but burns out and stock supply can weigh on the market just keep that in mind the next time you get excited about a bunch of red hot deals and stick with cramer.

when you're picking stocks, you need to be careful doing the right thing for the wrong reasons. this happens more than you expect let's say you find a great company, strong fundamentals, buy the stock and it goes up only natural to conclude it's going up for all the reasons you like about it in the first

place. but you see that's not always true you might think a win is a win but it's more complicated than that if you don't understand why a stock is moving up or down, you're probably going to be very confused when it stops doing that and goes in the opposite direction. and when we're confused, you make really lousy decisions. for example, there are excellent well run companies, maybe you want to buy clorox or proctor and gamble there are logical reasons to like both. logic is rarely who buys a day to day or minute to minute suppose you pick up clorox because you believe in the ceo and his team or you like the dividend and growth of the dividend or you think that plastic and fuel costs are going to go down which will boost the gross margins. you buy the stock and it explodes higher. what is next you have to ask yourself why it's rallying. it's easy to tell yourself i nailed it. this market is giving clorox the credit it deserves when you buy a stock and it goes up, that means you were right. why would you second guess yourself when you're right

because maybe you were just lucky. as i told you before, it's better to be lucky than good so when you rack up a nice win in clorox or proctor, you need to ask yourself if you're right or happened to be in the right place at the right time. what do i mean right place, right time rotation, rotation, rotation there are times when the consumer package stocks roar higher for reasons and nothing to do with the underlying companies. clorox and proctor are recession stocks because earnings tend uphold up, their stocks roar when we get lousy economic data. if you buy them because you believe in the business and go higher because of rotation, that has nothing to do with the business you have win the bank isn't going to tell you you can't take the money because they don't accept profits from rotations but you don't want to get caught with your pants down because the market suckered you into believing collorox would go out because of the fundamentals this is what i meant about filtering out the signal from

the noise. it's hard to do. why? because of confirmation bias when you have a thesis and you have what proves the thesis correct, the natural thing is to believe you were right all along. you should approach that with skepticism, maybe you're right people are right about stocks every day. but maybe it's just the coincidence and you should ring the darn register for the coincidence goes away. here is the bottom line, it's very helpful to understand why a stock you like is going up or down when you have a win, don't assume that simply he got it right. think about what it means if you were merely in the right place at the right time. and proceed with caution stay with cramer

you know i love hearing from you cramerica. let's take tweets. first up, we have a tweet from amy that says thanks for the shotout on the show today jim

cramer my hubs and i have big news. what's the first thing we should invest in for our first child? some say a college savings plan is first would you agree? #future mad money fan on the way. gift to minors, that's what you should do. great way to put money away and add a stock to the mix only to teach a child what a stock is. here is the tweet from steve bradley three who says hey,, target position, do you still keep buying, #madtweets at mat money. no, that's what is called you missed it but a high quality problem. you bought stock and you sell it it's a shame i know we should always -- we don't want to buy and then have it run away from us. that's the big flaw in my plan of buying down in a pyramid style. it happens

if that's the flaw you made money, count me guilty from mikey who says jim, huge fan. our first grandchild was born in november and we plan to continue to buy gold on his behalf but would love one or two long-term growth stocks, mutual funds you would recommend that we might start him off with obviously, i'll start with index fund but look, mcdonald's, disney, some people don't like the fast food or whatever but it's where you take them and that's where it happens to be the case maybe you're the vegan that never lets it happen i want kids to understand what stocks are you have to buy them something that resonates in their life hey, maybe you love a pizza? dominos. here we have a tweet from bender forest who says i've heard you talk about your father many times over the years plr, mr. cr and the love in your heart is evident. i'm sure hi was a proe was a prr

he worked hard all his life until he was 92. he worked until the last month he died. he inselltilled in me an attitu as long as you're honest, things pay off in this country. honest and hard-working people get paid off in this country i believe that i know such a thing as luck but he instilled in me a desire to work really hard and here i am next up, a tweet from @john who says that mad money on cnbc i'm a grandfather of four. you lucky guy. i have the ability to do this. is it a good investment to give my grandkids about 5 k in solid broad base funds like the russell 2000 index that's exactly what you should do and you're very thoughtful. our next tweet is from @crejhr 11, complicated who says crime mer ka gets a callout in every

show but don't forget the loyal craminians who hear great white north. i tried to buy land in canada and i couldn't it drives me crazy because i love canada. you are my best friends and we americans will never forget it stick with cramer. this is the couple who wanted to get away who used expedia to book the vacation rental which led to the discovery that sometimes a little down time can lift you right up. expedia. everything you need to go.

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and i promise to find it here on "mad money." i'm jim cramer and see you neck time.k time.x timt timt timeffarone: it was like "ocean's eleven," just without brad pitt, george clooney, and matt damon. narrator: a brazen band of burglars with an arsenal to match. whelan: they used crowbars. they used hydraulic lifts, acetylene torches. i turn this on right now, your cellphones aren't gonna work. narrator: and the loot is piling up. everything was gone. everything was gone. narrator: $150,000 here, $1.9 million there. whelan: they took 45,000 pairs of high-end sunglasses valued at in excess of $3 million. narrator: and even the most seasoned detectives