>> all right. >> carter and i have been doing this show for ten years or more. amanda diaz, you are the best. we will miss you. >> amanda diaz, congratulations on a great run that will do it for us here on "options action" adon" xt what happens ne "m meystarts 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, my job is to make you money. call me at 1800-743-cnbc or tweet me @jimcramer. you want to know the single most useful thing you can do in this business that's easy. the most useless thing you can do is worry about what everybody

else is worrying about the flip side of this is also 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 tends to be priced into the stock market the real economy moves at its pace, you got to borrow money to build that equipment and use that to manufacture 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 well, how about the speed of thought? they come pretty close so the moment of preponderance decides it's flat lining, stocks start trading. instantaneously. it takes time to build that consensus which is why you rarely see the moves happening at once but once the big institutional portfolio managers

are on the same page about something, you can be confident it's baked into the averages instantaneo instantaneously, that week it will happen that week this is basic economic 101 stuff. i don't have a ton of use for economists they take an ivory tower approach to the discipline meaning they have models for how the world is supposed to work. also, they can be boring but rarely let the facts get in the way of a good story that 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 yaceat in mind, this ty says 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

to reflect the new reality we often hear induction fund purest siting this theory to explain why it's possible for stock pickers to get any edge because whatever you know should be baked into the share price. can't get an edge. as far as they are concerned, markets are so efficient it's the same as gambling if everything you know is priced in, your homework is meaningless and the only thing to push a stock higher or lower is a new piece of information that nobody knows. it has to be unknown because if anyone did know, they would have already acted on it already. ergo would be built into the share price that means under this theory, the on things to move stocks are unknown unknowns to use the former defense secretary donald rumsfeld and if you're merely betting on unknown, unknowns you might as well play roulette, it's more fun. adore the efficient market, this theory tells them it's important

and the only smart way to do it is by putting money in a nice, low-cost index fund that mirrors the s&p 500. i had no beef with that. beyond meat, beef, whatever. i have no beef with index funds. in fact, they are the best way for the vast majority of people invest the market. i said that since day one of the show show if you have the time and inclination to pick stocks you should direct a big chunk of your savings into a cheap s&p 500 index fund it's perfect for your retirement accounts it's hard to be a good individual stock investor and takes real work but incredibly easy to be an index fund investor, right? putting money in a 401 k or ira index fund territory you can contribute over time with every paycheck and if you believe the u.s. economy keeps growing over the long haul, leave it and check in once or twice a month and i know people can use the ira for stocks, that's fine. i'm saying index fund, index

fund for retirement. get back on track. this idea you can't possibly beat the market because the efficient market hypothesis tells us the stocks are valued here is what i feel about that one. it's bogus and the people that presume it, putting aside the fact that i did consistently beat the averages every year at the hedge fund and giving a 24% compound annual return after all fees over the course of 14 years, simple truth is markets are not perfectly efficient. they are often irrational. they ignore things and make mistakes and misvalue information every single day and that's a major reason you can make money picking stocks. these are good for your portfolio. ironically this free market economics is a lot of communism. it makes sense but it doesn't necessarily work in life why the heck did i bring up the efficient market hypothesis if it's a bone-headed idea because if it's not strictly speaking

too inpurely we know for a fact markets are inefficient and 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 when a company report as fantastic quarter, the stock will spike because that's the kind of data that can get bake in quickly when the federal reserve changes policy, it won't be raising interest rates as previously planned, that's huge news and takes longer to make 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 ben from the lower rates and there are a lot of them will instantly sore but it can take case or weeks or months for the averages to fully reflect the normal because it takes time for portfolio managers to reposition they can't 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 fund will buy or sell them all at

once we reach a new equal librium call it kind of sort of efficient market when there is a widely held consensus view about something, anything, be it positive or negative, you have to assume that it was already being discounted from the market when everyone is feeling good about the market, it's probably baked in and investors hunkering down in fear of a bad earning season, don't expect stocks to get slammed. people are anticipating disappointment when money managers are telling you to be afraid of the same thing, you don't need to be afraid let everybody else worry for you. from the stock market's perspective, the fact that most investors believe something will happen means that in a way, it's happened already yet, it's so easy to fall pray when you're managing your own money.

emotions are infectious like disease. when you see experts coming on television and saying the same thing while the newspapers print similar stories and your friends echo this back to you, it's 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, that move is probably over. you 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? >> i'm 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 dopplegangers

love that. >> caller: we want to leave half our assets with a certain minimum amount to our two children and retire on the other half they are both in their mid 20s and we will adjust our lifestyle if we have to to leave that minimum. now most money mangers 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 amount 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 assume you're my age, i think 60 to 65, we'd certainly feel like that we're going to go

longer than the actual table so i prefer always to put a little more stock in there than most think. if you want to go 90 for 20-year-olds, i would bust that, too. we have to have long gated 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 like to ask you what is the difference between general stocks and over the counter stocks and should i view them differently >> no, they used to be very different. one was a bid done by different -- you know, in my day when i at gold man, over the counter was different. these days it is blended 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, what is the question how to coal 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 on the tape and the next time you see a hot ipo, should you consider buying the company or not not so fast. i'll tell you why. 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 email to madmoney@cnbc.com or give us a call at 1800-743-cnbc. miss something head to madmoney.cnbc.com. tell him we're flexible. don't worry. my dutch is ok. just ok?

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look, i told you before the break when you pack into a crowded trade, you're playing with fire. if everybody is on the same page about a stock or even a whole sector, that means 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 have lower returns and higher risk.

that's the nature of the beast nobody is putting a gun to your head that would be terrible and forcing you to follow the head of fund hurt you don't have to gauge sentiment if you don't want to 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 gone, trade around the corporation and lightening up on the part of it when it gets over extended where the market sells off giving you a chance to buy your favorite stocks for less than they are worth. i love doing this stuff. if you have the time, the inclination, the right resources it's a terrific way to try to make money but if you have a full-time job, this whole approach is lunacy and i say that as someone that knows a lot

about crazy. people that work for a living don't have time to stare in the tape all day f. y if you work the night shift it's not worth precious time and that's why coming here every night to do the show i focus on the market like a hawk to take a less intense approach, one that lets you go to work and how how old you approach the market if you're not ready to devote your life to working stocks what's the safest way to handle stocks part time let me say again, that index funds are a wonderful thing. did you listen to it and say it 40,000 times if at any point what i'm describing sounds too time consuming, say individual stocks are not for me and put most of the monad money into a nice low-cost index fund or etf that mirrors and the s&p 500.

i tell you this a lot because it's good advice being a savvy stock investor takes work buying an index fund investor is easy, relatively so. if you do the homework in stages, i think you can beat the s&p 500 with groups in different stocks i've seen it happen hundreds of times but not everybody has that time or temperament and not everyone is come ffortable taki one more risk. you need to do what is right for you. keep that index option in your back pocket. assume you want to try to profit from individual stocks, let's talk about how you can do that without the market taking control of your life 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. everyo even making the attempt will drive you nuts you need to accept results good

enough rather than trying to chase perfection if a stock you like gets hammered down from 50 to 60 and pull the trigger and goes down another couple points before bottoms and rebounds to 60, don't kick yourself for making a mistake. you didn't screw up. you made a great bet you could have made a couple extra points if your timing was flawless but a win is a win. regular viewers know i don't believe in buying whole. wait a second. cramer's breaking the orthodox no buy whole is reckless. you need to research companies after you own a piece of them and if something goes wrong, you have to bail it's a good idea to buy stocks slowly and sell them gradually on the way up. that requires a certain amount of active management but don't feel compelled to be too active. the last thing you need is to be in and out of stocks with every g giration of the market you think you can time things perfectly, most games occur in

concentrated bursts and you're liable to miss them on the sidelines. if you have the time and inclination to trade, that's great, however, most people don't. when you have a full-time job trying to manage your own portfolio, you have to be willing to sit tight there will be sell offs and rotations out of one group into another and crazy action on a week to week and 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 would be able to trade in and out and like i told you, the best is the enemy of the good don't chase perfection in practice, when everybody is panicking over the latest crisis you'll 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 sidestepping the decline is how to sell high and buy low

unfortunately, it's really hard to nail the timing here. if you dump everything, there is no guarantee you'll be able to buy your stocks back before something changes and the market comes roaring back like the spring of 2019 after 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 surge higher, use that opportunity to ring the register on part of your position and raise cash. after 20% move or more, you can take something off the table that's my ironclad rule, a little something when your stocks get hit, put the cash to work buying more shares at lower prices but you don't have to nail every short term top and bottom. that's too hard. to trade or not to trade is the question if you're trying to be an investor that doesn't need to stare at the tape all day long,

it's noble in the minds for the slings and arrows of outrageous fortune. you don't need to be perfect at managing money, just good enough that means you shouldn't waste your time trying to anticipate every guy ratimove in the market it's too difficult and rarely prove to be worth it let's speak to ryan in new jersey, ryan >> caller: boo-yah jim, how are you doing? >> well, thank you how about you? >> caller: doing good. doing good i'm looking to invest my first $20,000. i know putting the first 10 into an s&p 500 is a smart move but i'm wondering what to do with the other ten. i don't have time to do my homework is it a good move to go with index funds and eft. >> if you don't have time, i don't want the small sector. i want a total return fund or a fund with a high growth. i don't want it sector by sector because those funds tend to not be making people money because

they buy high and sell low riley in new jersey. >> caller: thank you for taking my call. you are the man call. >> thank you. >> caller: what percentage of gold do you recommend in your portfolio? >> i think 10% is fine i know it's been terrible but you just like insurance, you don't want insurance to pail off, do you? it's insurance and nothing else. don't try to anticipate every guy rati move in the market there is much more "mad money" ahead. nothing like a newly minted company. why you should proceed with caution when you see a company come public and being at the right place and hear that? i'll help you separate the signal from the noise so stay with cramer.

the stock market talks tomee and i mean that. contrary to what you may have heard on twitter, i don't hear voices but my left molar crown does play music. i'm constantly listening to the

tape to get read on what the money managers are up to and to do that i need to separate the signal from the noise. okay, what do i mean by that on any given day there might be monster moves in individual stocks the swings are equally significant so when you see cloud stocks get killed, your natural conclusion to draw is something must be wrong with the cloud. when a low group bounces, it's not much of a stretch to think maybe the pain is at last ever but that's too easy. 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 borrow a line from one of my favori favorite characters mceldernoiss heard now more it is a tale told by an idiot full of sound and furry. in other words, while a signal

carry as message, shakespeare would have been a diynamite investor how do you tell when a major stock swings really harolds something larger or should be ignored? before we get into the meaningful move, we have single day advances with no real significance all the time but we read into it good stocks can get ahead of themselves rallying too far too fast but the technical term is called over bought and measure with an oscillator we talk about these on tuesday off the charts when you're over bought, it means pretty much everybody wants the stock at a given level purchased it the highest quality company can have an over bought stock and run out of buyers and get a pull back this sell off doesn't tell you anything other than the fact that the stock in question needed to take a breather and digest the gains. at the same time, even 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 bounce once again, these are the rallies that doesn't convey much information. it's technical it's noise a stock got over sold at bounce and unless something changes, it can go back down that's the thing you see head and shoulders down and down and down with ridges i bring this up because when you see dramatic swings in digital stocks, your mind will draw a conclusion and it connects to the fundamentals the real world facts how the companies do it, you think somehow they relate. sometimes that connection does generally exist. other times the action stock is noise, not a signal and you'll feel foolish if you take your queue. 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 where i describe how easy it is to see a stock move a point and convince yourself something is happening underneath i describe a move of a point and

one-point gain you will love it. all that happens is you have more buyers than sellers that may be unrelated to the company, disturbing, don't you think? of course not just technicals. there are plenty of reasons why a stock might explode higher and melt down and have nothing for fund mentals at all. sometimes the market makes a mistake and gets rolled back, no greater significance i want you to consider from the cloud, the most majestic of the cloud in an all stock transaction. the pin action from the tabloid deal was very positive investors figured that all the other cloud plays might be a potential takeover target. service workday, adobe, octa, they all roared 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 tieup was more of a one off transaction. sales force needed a data analytics platform and they had a unique opportunity hear. cloud delay analytics. sales force wanted them. when wall street realized the cloud plays probably weren't going to be bought any time soon, their stocks just plummeted. brutal day once again, it meant nothing the only take away was that they never should have been up in the first place because the tabloid news was suie jennjenner there is a lot of signal that's obvious. the come pakom company report a quarter. analysts cut estimates stock plummets, obvious. that's just business as usual and why i like to look for the unusual. the downgrade and stock goes up, interesting signal

counter intuitive. in my experience when the stock goes lower on bad news, it means that stock is putting in a significant bottom and ready to rocket higher. i like that. when a company reports the same token, 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 the stock falls on positive news, i got to tell you that is the definition of a possible top. for the most part you can't decipher hidden messages except in rare cases you probably shouldn't even try it's important to know what's working and not in any given manner 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 own stocks just because they are going higher. oh, 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 fundamentals of the underlying company don't put too much significance on the day to day guy ratimoves. you can have a big deal with a great move and more often 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 long time from the university of florida. >> love that go gators. >> caller: hey, yeah hey, in your book "real money" you say a company doing an in the whole secondary is not one you want to be invested in so i'm wondering is this rule without exception or are there circumstances where it's okay for a not yet profitable company to do secondary offering >> if there is a particular piece of news driving the stock up and do a secondary, i might get behind it on a case by case but typically, i'm just suspicious i'm critical that's the way to play it.

how about adita in hio. >> caller: boo-yah, jim. >> boo-yah. >> caller: i'm a long-time listener i appreciate you taking my call. >> i love it what's going on? >> caller: you always suggest owning index funds in a portfolio. >> absolutely. >> caller: 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 also suggest that you should own sector related index funds in addition to a general s&p for example in health care >> right no, i definitely don't want sector related those are wrong. i want the full plan i like the s&p 500 it should be 85 to 90% index fund the rest is your mad money for individual stocks that you can still make a lot of money and no, index funds are the bedrock. i wish it weren't the case but i

got to be worried, too i think individual stocks with a lot of homework can make you more money fundamentals matter, not day to day moves. there is much more "mad money" ahead. i'm offering a warning for the next ipos. you don't want to miss this. you may want to do the right thing but if for the right reason, it might cost you. i'm taking your questions tweet by tweet so send them my way and stay with cramer

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 chance it won't play out as expected. that's why you need to be extra wary of the ipo cycle. we get new deals that first many of them explode higher and terrific and at the same time flooding the market with stock supply and that drags us down. i've said it a million times the stock market is like any other market it's about supply and demand too much supply and prices go lower. the problem is when ipos make people fortunes, you know what you tend to get a psense of exuberance it turns to hostility and we get slamm slammed. we see this happen so many times. 2019 one that was spearheaded by levis and worked well but gave way to the likes of lyft and

uber two highly anticipated ride sharing services once people started sourering on ipos, the market sold off hard in a brutal month. it ratcheted up intensity and the pain didn't last, it's something you could have avoided if you listen to me, ranting and raving about how the massive uber deal would be like around the market's neck. let's look back at 2014. in the first quarter the market was overwhelmed with a wave of new deals in two particular industries, the cloud-based software stocks, service and the bioteches. in january and february 2014 these newly minted softwares kept roaring higher and higher but the ipo flood gates opened, i started to get concerned in a real bubble, the kind that can devastate a portion of your

portfolio, you get public offerings as companies try to cash in but as this process goes on, the companies coming public tend to decline in quality where the end of the move we're scraping 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 saw something similar in 2014 as software as a service company did the same thing of course, we had a lot of secondaries, those were bad. that's why i came out here and warning warned you about the dangers that's flooding lots of new supply again, when tons of companies come public, you get a supply glut i told you money managers have to sell the older more established software as a service company like sales force to raise cash to keep participating in the fresh face ipos and warned you eventually this bubble would burst. sure enough the bulk of the stocks that came public in 2014 with huge spikes lost fortunes

in the aftermarket and took many of them years to recover you had to be very selective at the time because most of those stocks were coming public with incredibly stretched valuations if they didn't have any earnings and in some cases didn't have revenue. the actual winners were few and far between. the draws vastly out weighed the rare nuggets of gold that's what happened with ipo overload and always happens like that even the best cloud stocks that came public in 2014, the ones that are cloud royalty took a long time to bounce back from that ipo overload. don't forget, hundreds of really low quality companies that became public in the 2000 era went bankrupt. 2014 wasn't bad and zoom video but for every ipo that worked there was one that fell out of style, ubers and lyfts that are extra risky because china doesn't have the same rigorous

standards we do. the other big problem when portfolio managers get excited, 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 become 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 means they don't care to be disciplined because price is irrelevant and helped fuel the market 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 and they can't participate because these stocks aren't in yet. they actively manage funds that participate in the deals, 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 public offerings coming,

it pays to be cautious the bottom line as much as i love anything that generates enthusiasm for the stock market and you know that and nothing does like ipos, you have to be extra careful when we get a wave of issues. the ipo cycle starts out strong and generates a lot of euphoria and all the stock supply can weigh on the market. keep that in mind when you get excited about red hot deals and stick with cramer.

when you're picking stocks, you need to be careful about doing the right thing for the wrong reason this happens more often than you expect say you have a great company and buy the stock and the stock goes up it's only natural to conclude it's going up for the reasons you liked 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 robbeprobably going to be confused when it stops and goes the opposite direction

when we're confused, you make lousy decisions. there is excellent well run companies, maybe you want to buy clorox or proctor and gamble like i told you earlier, logic is rarely what drives the stock market on a day to day or minute by minute basis. suppose you pick up clorox because you believe in the ceo and his team or like the dividend or growth and think plastic and fuel cost will go down which will boost the margins. buy the stock and explodes higher what's next? you have to ask yourself why it's rallying. i nailed it. this market is giving clorox the credit it deserves when you buy a stock and it goes up, 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. when you rack up a nice win in clorox or proctor, you have to ask if you were right or had to be in the right place at the right time what do i mean by the right

place, right time? rotation, rotation, rotation there are times when the consumer package stocks roar higher for reasons that have nothing to do with the underlying companies they are recession stocks because their earnings hold up during a slowing economy, the stocks roar when we get lousy economic data. if you buy them because you believe in the business but then go higher as part of sector rotation, that has nothing to do with the business. you have a win the bank isn't going to tell you that you can't take that money because they don't expect profits from rotations but you don't want to get caught with your pants down because the market suckered you into believing that clorox was going out based on fundamentals when benefitting from rotation of the consumer package this is what i meant earlier about filtering out the signal from the noise and i know it's hard to do because of confirmation bias. when you have a thesis and evidence proves it correct, the natural thesis is to believe you were right all along

people are right about stocks every day but maybe it's a coincidence and you should ring the register before it 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 he simply 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

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you know i love hearing from you cramerica. let's take tweets. first up we have a tweet fr frofrom @ from @amy and she says thanks for the shoutout on the show tonight @jimcramer @mad money. 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. that's what you should do. it's a great way to put money away and look, add a stock to the mix only to teach a child what a stock is. here is a tweet from steve who says hey, @jimcramer but the stock jumps before you bought your entire position target position? do you still keep buying no that's what it is called you missed it. but it's a high quality problem.

you bought some stock and now as it goes up, 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 the style it happens but if that's the flaw that you made money, hey, couldn count me guilty. next a tweet from mikey that says jim, huge fan our first grandchild was born in november and we continue to buy gold on his behalf but would love one or two long-term growth stocks, efts you would recommend that we might start him off with we'll start with an index and say look, mcdonald's, disney, mcdonald's i know some people don't like the fast food or whatever but it's where you're going to take them and that's where i think 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 heard you talk about your father many a time over the years mr. cramer and the love in your heart for him is always evident. i'm sure he was a proud father my father worked hard all his life and worked until he was 92 when he passed away, he worked even the last month before he died he instilled in me an attitude of let's just say toward as long as you're honest things paid off over and over again. honest and hard working people get paid off i believe that i know such a thing as luck but instilled in me a desire to work really hard and here i am. all right. next up we have a tweet from @john who says i'm a grandfather of four. you lucky guy. i have the ability to do this. is it a good investment idea to give my grandkids all under 10 about 5 k in solid funds like

russell 2000 index you're the man that's exactly what you should do and you're very thoughtful and that will pay off for your grandchildren. our next tweet is from @crejhr 1 complicate who says cramerica gets a callout in every show but don't forget the cramanians. i try to buy land in canada once i was not able to. drives me crazy because i love canada so much and you are our best friends and we americans will never forget it stick with cramer. blatch trust usaa more than any other company out there. they give us excellent customer service, every time. our 18 year old was in an accident. usaa took care of her car rental, and getting her car towed. all i had to take care of was making sure that my daughter was ok. if i met another veteran, and they were with another insurance company, i would tell them, you need to join usaa

because they have better rates, and better service. we're the gomez family... we're the rivera family... we're the kirby family, and we are usaa members for life. get your auto insurance quote today.

. >> i like to say there is always a bull market somewhere and i promise to find it here for you on "mad money. i'm jim cramer and i'll 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." ♪ shannon: and we're from san diego, california. come on, james! we're two busy moms always on the go. regan: shannon and i met at our kids' preschool field trip. after a long day with 40 4-year-olds, we were ready for a glass of wine. [ both cheering ] we dropped our kids off with our husbands, and we've been friends ever since. regan and i both worked in corporate america for several years, and it came a point in our lives