good quarter, good guidance, probably not this good. >> so? >> i would not chase it. sorry. >> okay. guy? >> met fans at the edge of their seat as rained out today and tomorrow, tim. >> i'm not a weatherman. whatever. bring it on. >> no, but it's -- >> come on. >> it's -- >> do you my mission is simple, to make you money. i'm here to level the playing field for all investors. there is always work summer, i promise to help you find it. "mad money" starts now. i'm cramer, welcome to "mad money", welcome to cramerica, i'm just trying to make your little money. my job isn't just a entertain and educate, i want to teach and explain internet i'm doing it, call me at 1-800-743-cnbc or tweet me @jimcramer.

invest for the day, i hear people talk about what is working at the moment, the old days when ruled the ornings around here, each time i co- hosted, introduced me as reverend jim bob from the church of what is happening now . it was fun back then, seems like everyone running their own personal hedge fund. understanding a stock could be here today and gone tomorrow, everything was fine, everyone was fine with it. those days are over. if you recommend a stock for trade, even if you say buy today for the meeting tomorrow, the new cell, there will always be youtube kicking around, shows that you like the stock but never gave the call. we have gone beyond that. educating you to be a better investor. the same thing we do every day at a higher, intense level at the cnbc investing club that i want you to join. i want to introduce you to the

concept that is so important, it is called suitability. what stocks fit you, what investments are right for you? not for this week or this month but for your age or temperament? the concept of suitability does it training at goldman sachs for the group that helps small institutions and individuals. wealth management, i have been buying individual stocks for myself and others over half a decade before it got to goldman in 1983 as a summer intern. at the time, watching financial news network between classes at harvard law school, that was the predisaster to cnbc. i would run over to the harvard library where they had old research reports, about stocks, on a -- basis. those of you the group with the internet have no idea how hard it was to access information in the '80s. i would have to ask the librarian for a microfiche of the file, do they still have microfiche? little pieces of plastic you

stuck in the machine and read the file, usually six months old by the time i got them, everything i did back then is online now and instantly updated. the imperfections of the market back then were legion, now everyone can know everything, more on that later tonight. i spent a week trying to find one stock i thought, one stock that would be good for a week were anyone that wanted to invest could take the idea. then i changed my answering machine, another thing we got rid of, i change the message to a 22nd rap on the stock. some company used to make them with all the jobs, same with the industry service, jobs that are not coming back. hi, this is jim, i'm not here right now but i like the chart and recent numbers from people express, along since bankrupt airline i used to dip down to new york for job interviews. the best one monolithic memories, smoke show of a company with red-hot stock run by a guy named --, helped save

tesla equity struggling during the financial crisis, alessio before elon musk. shot up like a rocket that week and only ended up being acquired at a very big premium. it was the best cramer is not at home machine i ever had. believe it or not, jim is not home, became a rally cry for lots of people calling me back then, hoping i wasn't home so they could get the tip. not long after i got a job at goldman sachs, one of the officers at the firm called me in, got the machine, heard the recommendation, he told me to call as soon as possible, i did and he asked if he knew what suitability was. i had no idea. he introduced me to the concept. he asked me, did you ever consider many people who call me might not be ready for the stock with the hottest semi conductor company in the land, and i was recommending it to

them, one-on-one, without any sense of whether it was right for them, suitability. was it suitable like i said, stocks caveats of the situation, we all know that, vacuum cleaners, you can't take stocks back to the store for a refund, they come with no guarantee so what is the deal? this executive hammered it into my head, before you recommend a stock on a one-on-one level in registered brokerage house, of all places, you have to know what that person wanted out of it, what do they want from stocks? you know if the stock was right for them and their level of risk tolerance. monolithic memories wasn't exactly right for anyone other than the most risky investors out there. the financial bungee jumpers. let's start there, tonight i want you to ask yourself, what is your tolerance? how much risk do you want out of the stock? stocks are peculiar pieces of merchandise when you think about it. you buy a car and noticed not worth as much the moment it leaves the lot, correct? all

sorts of warranties, you buy a house, you know it could burn down the next day, however, before you buy it, you got a binder with insurance if it does burn down, you get your money back. clothes and devices can be returned, phones, pcs, washers and dryers, you name it, stocks, you buy shares nike and oldman downgraded in a day after footlocker says there's a slowdown of jordans, you can't go back, you never told me this could happen. i'm down 300 bucks on 2000 shares, i'm losing too much money, i want my money back. sorry, caveat. back then, when i got started, it would be incumbent upon the broker to recognize the buyer would know these things could happen, maybe the broker should never be recommending that stock to begin with. you get the point because you can't take stocks back to get the same price because there is no real insurance, you could buy expensive put option underneath, cost that lowers the risk of nike dramatically and has to be renewed

constantly so suitability is incredibly important. the next hour, learn how to measure your own tolerance for a variety of factors because these days, digital brokers, there's no real protection, assigned form that says, you get it, you may not know what you're getting into. tonight, the bottom line, that stops here. by the end of the show, you will know it suits you and what doesn't, no matter what your age or style. to put that another way, no, irb a little more aware of what you're committing your hard earned dollars to when you purchase a stock, let's take calls, let's go to kyle from new jersey. >> jim cramer, how are you, buddy? >> i'm good, thanks for calling, how can i help you? >> i was wondering, first of all, i'm investment club member, this is my third time talking to you . >> that is terrific . >> i feel like i know you personally, i love you to death. >> thank you. >> i would like to know how often you look at rsi or --

data when buying and selling a stock . >> the relative strength index on the back? i have to say, i look at the time. i don't like to buy stocks -- one of the reasons i do off the charts on tuesdays. i think it is incredibly important because others do. anything important to others is important to me. mark from new york . >> what is up? >> i.r.a. account for my retirement, i was wondering if it is okay to take profits, my account at another time? >> i prefer to let it run unless the stock has really soured. i don't what you, investing for the long term with i.r.a. i have to believe, what you saw on the stock continued, otherwise, take a loss but keep investing in your i.r.a. that is the best thing to do. let's go to nick in florida.

>> my question, when you help your children invest, is it more important to save up and give them a big snowball, a big lump of money when they get married or set them up early, literally an infant, pay the baby with a small amount in dividend stocks, to rephrase it in such a way, which is more important, the size of the snowball or the height of the hill that compounds it? >> wow, i love that, i can't help my kids come to do that on my own, because of my job. what i say to my kids, i want you to make as much money as possible with half the money and the other half, i want you to do index funds and learn some stocks. i think when they finally decide what to do with their lives, they can do it. that is my advice to them now, i don't know what they own because that would not be right . by the end of tonight's show, i hope you know it suits you and what doesn't, neither what your age or investing style.

tonight, help you form the necessary investing strategies you need at all stages of your life, from young to old, just like the gentleman we talked to i will meet you where you are and take you where you need to be. so stay with cramer . don't miss a second of "mad money", follow jim cramer on x , send an email. if you missed something, go to cnbc.com/mad- money. >> thank you for all of your advice and saving us . >> your advice let me quit a job that i hated. i love you to death.

>> thank you for all you do and making us money, more importantly, thank you from keeping us from losing money.

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and find out how to get the latest 5g phone on us with a qualifying trade-in. don't wait! call, click or visit an xfinity store today. tonight is all about you, knowing what you can and can't do because it is not right for you because it is not suitable. there are all kinds of suitability considerations in the business. first and foremost, there is age suitability. i want to start with kids, babies. that money has been so long now, kids that were born are in their teens and if their parents are listening, my best pitch when they got started, one their way to great wealth. parents, grandparents, listen up, you can give all sorts of

things to families that just had babies. open up accounts for them or at least give them some shares of stocks from the moment, the earliest moment, you can start the process of saving. here's my commercial for something that does not need a commercial because almost every expert you hear from is in love with them, i'm talking about index funds. they are not perfect but the best way to go if you want to put your money on autopilot, can't spend a lot of time looking at individual stocks. looking at the market, if you just had a kid, take a couple hundred smackers and buy some shares with index funds. i'm partial to -- at the s&p 500, those 500 stocks represent the bedrock of america's publicly traded companies. i like any sort of total return fund with a broader array of stocks, mix of both is a terrific way to start. your broker or brokerage site you use may have some fund that is higher growth, which can be a nice augmentation because you are buying for an infant who has his or her whole life ahead of them.

these kind of things can compound over time, meaning that you let it ride, money builds upon itself. you might say, why am i watching show about stocks when the guys talking about index funds? i could come out here every night and talk index funds but it would not make interesting show, i would not be given my best advice. i teach you how to pick individual stocks here, really a huge amount with cnbc investing club because i believe that is the most effective way i like to teach the investing club, my favorite venue, i think you can build portfolios yourself that is better than most money anagers are index funds, control your own money. i'm perfectly sanguine about the notion index fund existing can coexist. i wish index funds were not such fundamentalist about how bad everything else is so i say, let's give both a try to when you are saving for your kids, definitely start with an index fund. what is the good start for kid

just bored? two kind of stocks for children, one of the dividend where you reinvest it in payments, get the power of compounding, that is such a good thing to teach people, we often hear the term, dividend aristocrats, complete with long histories, 25 years of increasing dividends, loved them. hard to run with the big well- run consumer package, tried-and- true, procter & gamble, pepsico, the best way to find my favorite the soonest possible is to join the investing club as i mentioned and watch what we do with a trust. you also want to give your kids something with a little more juice like the great growth stock seven era, apple, tesla, meta. if you do set up an account for your kids, may i please suggest going with uniform gift to minors act account, i will call it ugma for short. the rules keep changing,

suffice it to say, you can give children money that will accumulate tax-free overtime. the rules have changed from when i set up the mutual fund for my kids as tax-free gifts, i love them, they were trusts you did not need lawyers to create. check with your broker for the latest rules in the state you are in, they differ. i think it is one of the better tax breaks around. it may not sound exciting but that is how you take care of your family. besides, who doesn't want free money one caveat with these accounts, your plan to get financial aid for college, be careful because that train 27 money can count as their and they get them disqualified from the institution. do know it.i like, gold is a traffic insurance policy for any portfolio, i will talk about this later. highly unusual yet totally blessed by the idea, buy gold or silver coins for your kids or pieces of gold or silver. i have bought slivers of slivers for my kids for dealer and forgotten about them, it

may or may not increase, these are polar pposites of growth are income tocks that don't draw of money. they don't do anything crazy times where inflation comes roaring back, we now know it is capable of happening, nothing like the '80s, nothing holed up with value better than mansions, masterpiece of art and precious metals. one caveat, if you do this, put the gold or silver in a safe place. that is not me putting it under a mattress or putting a hole in the ground in the backyard. safety deposit box more of my style. bottom line, when a child is born, think about setting up uniform gift to minors account and put index funds or individual stocks in there, specifically, cheap etfs that merit s&p 500, on the stock side, your kids will want one dividend stock for income because high-yield stock can double the value of that investment by the time your baby turns 10. you also want one high-quality growth stock that you believe in for the long haul because

those can rack up big gains. don't put this off, this must be done at the earliest moment to get the most involved brand- new loved one. no one has ever regretted saving too early for their kids. coming up, want to turn back the clock and invest in companies for all the kids out there? cramer has you covered , next.

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we are going over knowing thyself tonight, how to not just buy the right stocks but the stocks right for you. discuss the importance of suitability and the essence of what is suitable for newborns. what is suitable for the kids? what do you do for them? do everything in your power to get your kids involved in invest in stocks, teaching that stocks represent pieces of companies that they might like. let's be honest, these days, most parents think they could not explain what a stock is to a kid, especially a young kid. that is not how i grew up in my house, as much as i love sports, we had tickets to the '64 world series, we did not make it but we had them, to me, stocks were supreme my father had gotten a tip from his brother, who knew a stockbroker, he played tennis with, the guy told him to buy a company shares in national

video, for all i know would have started right now as facebook live show. in the '60s, total ust that cost our family a fortune. pop would bring home the philadelphia --, they went out of his desk and get them in addition, he would not give me the sports section, he gave me the business section. he wanted me to learn about stocks, i would look up closing prices, the market close early, try to anticipate where stocks were headed based on moving averages of how they were doing . straight line, this kind of thing, game of momentum, most of the time i only knew the stocks by abbreviations and what we call small agate type. i kept the ledger to see how i would've done on text or tgs or texas over or rockwall, list of companies that have disappeared or still hanging out in a tree. i had a lot of airline stocks, by those and most kids are suckers. eastern international, household names with

advertising. most people under 50 have never heard of these. i like the stock that can process so much, i got my whole fifth grade class involved. we would pick stocks and keep track of the closing prices for week to see who could make the most money. the problem is that i was doing the opposite of what i should have been doing, although metaphorically met when i was doing then is still being done now, picking stocks by how fast their climbing and backing away from them if the climb seem overextended or over velocity. instead, i should pick stocks of companies that i knew and asking my dad permission to buy one or two shares along with the money to pay for them, which would have been a dealbreaker. let's go over what would've been right and what was wrong with the picture i painted. think of this of the highlights magazine used to find at the dentist office. never would've taken a tip about national video from his brother, who had taken a tip from us to dismiss partner, who worked for the aforementioned --

. i learned later, my dad had no idea what national video did, imagine that, did not know what they did. find out more about it via google right now then you could learn to chat with the program back in. national video made vacuum tubes for tv sets. in the old days, yet a problem with your television, usually because the tube inside had blown. the technology left national video behind so it went bankrupt, close its doors five years. it was going straight down since about five days. the average down too many times to tell. i know we had many a silent deal thanks to that decline and that godforsaken stock of national video. i think we lost most of what we had as a family. there were a host of better stocks to pick in the '60s, most not that good according the moving average but they paid generous dividends. in retrospect, what we needed was income. me, that if picking stocks because they were going up is

identical to the idea of buying stocks of companies and more suited to -- at least i picked the hot months, many of which were defense contractors getting rich as lbj as in the vietnam war. for me, the game was a lot of fun. in retrospect, i learned the most about stocks from two, 3m word games, yes, they had board games, they were called, acquire and stocks and bonds. my father sold games back then, that was his job. acquire was about mergers and acquisitions, stocks and bonds was a fantastic game about accumulating wealth risky or conservative stocks. either way, you can get those on ebay. you can see what i mean. these days, whole fantasy stocks, few of them teach you more than that one board game, stocks and bonds, it holds up let's go back in time and think about what i could've done differently. as a little kid, you play with toys, natural to buy shares from mattel or hasbro. i'm not telling kids with companies or earnings, i'm

simply saying it is a way to teach kids that a company can be owned by the public. you can own a share in that company too. they know toys. the irony should not be lost on my family, could you imagine if my father had bought shares in a nice dividend stock for me, 3m, rather than national video? we had a box of cheerios and a breakfast table every day of our lives, could've bought general mills, what a fantastic stock. the real easy one, money to go to disney world, it is that factor in not many people sign up for the dreamy service that drives the back to the stock, the disney should be alone to have you want to own shares, the theme park, don't think it? i don't know about johnson & johnson band-aids and shampoo, they were staples and have been moved. i knew then as well as i know now, kleenex is something you used to wipe your nose a good company, amberley clark. these are things we are not taught, they are imprinted.

fast-forward, obvious or incredibly well-written chipotle if you want something more -- bottom line, buy your kids if you shares in a name brand that they know and you know, something they can see, hear, touch and put it away. the stock will always work out but think of what you like when you were little or your parents like when they were little, see if it trades, you more than likely have a long-term winner. more importantly, you have a great to get your children into a lifetime and of investing. let's go to madison from texas. >> hi, jim. if i could get guaranteed interest rate of over 5% producing six-month treasury bond, why should i invest in the equity market given market conditions? >> okay, because six months from now, those rates may be lower, continue to reinvest the stock market has far exceeded longer-term anything you have yet to get in the short term. i'm not against 5%, i own 5% paper myself. i will tell you this, take a

long-term view and buy dividend yielding stock that is very good, like one of that will have growth, not dividend, no growth in treasuries. let's go to annie from rhode island . >> thank you for doing this teaching segment . >> that is what i have to do, i like to teach more. what i want to do the rest of the run what is going on? >> i really enjoyed the segment on technical analysis and i have two questions. one, what are the best resources if you want to study this? and how much should amateur investor rely on charts versus fundamentals? is it appropriate ? >> i think charts are integral to your thinking. i really trade, larry williams, google, his stuff is the best, that is where i learned all the

great people we have on have websites. in the end, technical analysis, very good chapter with my last book, get rich, talking about that analysis, it must be done. i happen to have it with me, this is what my dad sold for a living. can you imagine if he bought this company, 3m, inset of national video? we might have been able to not have grape juice, put the water in the grape juice and i did not know why it was because we did not have stocks and bonds. buy your kids if you shares of a name brand, something they can see and hear and touch like i learned with this stocks and bonds game that is available on ebay. believe me, i wish i had the rights, i would put it out myself digitally. much more thank you ahead. i'm giving you my best investing habit for the rest of your life, keep the retirement and every thing between. i will answer all of your burning questions with my colleague, jeff marks. so stay with cramer .

the emperor of cramerica . >> you have me jumping around my office right now. >> thank you for all you do for us . >> i enjoy your show, very entertaining and informative. >> i watched from 2005, i've been watching every single episode ever since. don't miss mad money every night at 6:00 p.m. eastern and join the cnbc investing club and stick with cramer around the clock. ♪(voya)♪ there are some things that work better together. like your workplace benefits and retirement savings. voya helps you choose the right amounts without over or under investing. so you can feel confident in your financial choices voya, well planned, well invested, well protected. (♪♪) the best way to solve a problem is to keep it from happening. (♪♪)

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next on the red carpet we have gina costa... looking simply stunning... with this season's hottest accessory. -[ cellphone vibrates ] -oh, what's this? she's opening her fidelity app... to buy that stock... for exactly the amount she wants... no fees or commissions... what will gina do next? gina has roller derby at 6:00 pm. i'm there. get started investing for as little as $1. talk about easier investing. thank you for the wonderful advice . >> i'm learning so much watching the show. >> i love watching your show. >> thank you for being --

>> a moneymaker, thank you for all you do. >> we love your show, the most entertaining program. teenagers are in cordial bowl, the last thing they want to hear about his stocks. they have bigger fish to fry to which i say, so what, i will not tell them what to buy, i will let them tell me. people watch the show have been huge beneficiaries of the innate consumer wisdom of my two daughters, always searching for ideas of honor and that cnbc investing club . many ideas come from young children. it should take a great deal, that is where i got so passionate over a decade, before peaking at the end of the pandemic. i met with patrick doyle the day he became c.o., stuck with it 10 bucks, the stuff tasted like cardboard before

reformatted the pizza in 2010. i love that advertising. i recommended it. that is not what made it a mad money crown jewel, it was the technology. my kids, like your kids, hate talking on the phone, they think it is for losers. but apps, they love them, my kids discovered the domino's app, they were sold. no talking to people who might get the order right, no nervousness, no worries about where the pizza was in the process. two things great local joints could not do. no cheese options for the vegans, the ones that asked twice about the cheese, are you sure you don't want cheese? i think that was because of my kids. the joy of paying online before the other person got there. the kids don't want money, domino's the tip of the upper, delivery apps went on to take over the world. all of the technology was totally lost to me, always patient when pizza would arrive, did not care about the

interchange with the delivery person. in short, i was not like the target audience. i sort of calling domino's the tech company that sells pizza, they outsourced to doordash. many of you know the story of how i got religion on app. roughly 20 years ago, my youngest daughter asked for a second ipod. not because she lost it, as i immediately accused her of doing, because she wanted one in another color for her. they were fashion accessories. she did not want to clash with her outfits. personal computers, come on, my various employers never embraced apple but my kids, for a long time, they rather be caught dead and use a windows machine, they only one ads. the iphone more controversial, they did not like the change, the plug change, the buzz, but they don't want is a samsung. they are part of the apple ecosystem, the much ignored apple ecosystem, service charges make it so they have to pay to store their millions of pictures, what else, fabulous.

google, that is how i found out about google. when i got the word from the kids they weren't allowed to google something and involved at school, count me in. doing my senior thesis at harvard, mine the same topic, we had access to the fabulous libraries. look up anything we wanted, go to the stacks for you, as they were called to find out things where you would know to look, it is all digital. my kids get their news from their iphones and they get entertainment from netflix. not purely their creation, i figured out amazon. facebook, when you are a freshman, got a book called facebook, it had verybody's picture. facebook is a derivation of a facebook, my kids on facebook earlier, my youngest got sick a facebook earlier on, probably because i got on it. then she went to instagrammed, which facebook cleverly acquired and kept it separately did not know it was part of something older people discovered. i did not think the ads worked

until we were inundated with red hot chili pepper merchandise but on a trip for something my daughter said was not an ad. all morning, everyone that their ad was a link. it seems only mark zuckerberg has a forthright to care about the user experience to such extent that it works because the ads make sense. you do want to click on them. how about chipotle? the kids love the fresh and chipotle salad, they still do, their vegetarians. my youngest returned early after the food thickening incident, the only difference is did not take out because she did not want to be seen inside. nothing is perfect. i recommended the stock from the low hundreds all the way to 2000 largely because they liked it so much. eventually, your kids will age out of the key demographic. however, pay attention to their likes and dislikes, you could have decades worth of good stock picks. once they reach a certain age, pray for grandchildren if you want the freshest ideas. what if the picks themselves aren't any good? your kid likes

a device that fits on your head and takes a picture or sits on your wrist and measure stats, i don't know, that is the cost of learning. they have their whole lives ahead of them to make the money back if it is a screw-up. that is the beauty of teen investing, you can lose it and no one will notice you pull the same thing later in life, it is cosmos for you and me, the bottom line is, for now, learn from your teenage children, trust me, invest with them and you will not regret it. "mad money" is back after the break. coming up, are you trying to figure out which kind of investments are right for your age ? look no further, professor cramer is taking up the assignment, next. >> one of the key benefits for me is knowing what is going to

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all night i have talked to you about suitability, what is a suitable investment given your tolerance for risk and especially your age or picking stocks for your kids? how about the rest of our lives? sadly, as you get older, less flexibility, fewer investments are deemed suitable. when you're in college, i don't expect you to put money away at all, college cost too much. when i did my college pores, try to get back into the game, try to get people to buy a share or two of the stock, college taps the living daylights out of you in so many financial ways. total hardship to contemplate savings. once you are out in the real

world, it is imperative to say, preferably with 401(k) plan at work, even better, self- directed i.r.a. i prefer the latter because he can pick stocks, not just from options chosen by your employer, typically high fees that nokia return down. that is another show. this is where you begin the mix of index funds and individual stocks. i prefer both. there's too much risk in individual stocks to put together a portfolio of names of your own choosing. at a minimum, put first 10 grant of savings from your first up intuit index fund, my favorite, s&p. people argue this, i see on social media, i don't care. the possibility of one really bad stock hurting your nest day, even early is your 20s is too risky. the cash with index fund, no single stock can do that. over the rest of your money behind, after the first 10,000 books, i do like stocks and i do want you to be diversified.

tell you to be diverse around here where i can, what diversification is in easy way, treated the cnbc investing club to show how to invest using my charitable trust as an example, a lot of restrictions prevent me from using on the show to do the stats. if you want in-depth work on stocks, i frequently mentioned on the show, the investing club is a way to go. i talk about buying, you need to buy a stock but keep up with it . buy and hold does not work. remember back on earlier in the show i discussed how hard it is to do the homework, those trips to the harvard business school library to study months of research on microfiche, so easy , you no longer need to spend an hour a week studying each of your stocks. you need to read, google article , so many you will get sick of the process quickly. articles and research pushed to you on the charts i could not have dreamed having 30 years

ago. or you could read what we write at the investing club. let us help you do the homework, whatever makes you the most comfortable in your efforts to take charge of your money is what i favor. i want you to be either a good manager of your money or a good client. i do not have a preference. let's talk about picking stocks as you get older. it is at this stage you need to know thyself in terms of risk. in you get to the late 20s, at the earliest, i want you to take tons of risk. maybe more than you think you can handle. whether you like it or not because you have your whole life to make that money back if something goes wrong. when you get to your late 20s, all i can do is ask you to think about what you will o in a selloff. the wherewithal with the decline to buy more or does it sicken you in make you wish you had no exposure? when the stocks go down, not a silly question given how they typically go up over period, painful, these are crucial questions only you can answer by yourself. i would like you to take more risk and more individual stocks

in their districts when she put away that first 10,000 in index fund. once you're at the late 20s, he does he commit more than 20% of your money, mad money, so speculative growth stocks, as you get older, capture more income by stocks that pay dividends. high dividends with the s&p 500 offers. don't be too quick -- the advice is to start investing for income until your 30s, even then, do it gradually and small. only in your 40s you did introduce bonds to the portfolio. old days, start investing 30s and 40s, the problem with that is twofold, first, life expectancy, many people outrunning their fortunes and the bond market itself a lot of risk-free fixed-income alternatives that don't entail a lot of risk. generally, i would rather own high-yielding dividend stock that can raise its payout rather than 30 year treasury bond that yields 4%. of course, as you get older, i recognize most bonds do have that non-caveat provision, you

can and you get your money back. as you in your 60s, you put up to 50% of your money into bonds and take bonds up to 10% more each decade. that brings us back to the notion of suitability. if you can't handle the rest, the stock market is not as legitimate as it once was, it is prone to deep values with retrospect looking like overblown threats, i think if you decide yourself if cashner or taking the stocks minimum levels is right for you. i can't blame you if that is the case. it has been uncertain asset. the bottom line, it is your life, not mine. so get comfortable with what you can live with but risk at least until your middle years should remain your best bet. stick with cramer. >> booyah, i love you , i have watched you from day one. >> thank you for the wonderful advice .

>> i learned so much watching your show. >> i want your program every day, i love you >> i was wanted to say booyah on your show. >> you're the greatest in the world . >> moneymaking and thank you for all you do. >> i love your show >> with it is the most entertaining program on tv. when it comes to amgen's life-changing medical breakthroughs, every second counts. but without investment, those breakthroughs are often paused. citi's seamlessly connected banking, markets and services businesses, deliver global financial solutions. so our client can keep investing in innovations for patients around the world. without pause. for the love of moving our clients forward. for the love of progress.

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always say my favorite part of the show is answering questions from you. i'm bringing my analyst to help answer your burning questions. jeff marks needs no introductions. i want you to join, his insights and back and forth at me do a great job for all the money viewers and for members of the club because this is

what we really do. if you like this, be sure to this thing, like when you go, like a restaurant to do it, my kids showed me how to do it. first up, i'm older, tony from north carolina who asked, in a losing position, stubborn or taking a loss and revisiting? this is a fundamental question. in the end, when a lot of people confuse is, taking a loss, you take a loss if you find the fundamentals are deteriorating. you don't take a loss because you can't take it anymore. i think this notion of a losing position, if it is a position where things have changed, you should've taken it, we have made the mistake at times of not identifying that there are changes to a company. we don't like to think of a company as a loser or winter and a stock as a loser or winter because some of the greatest picks have been losers .

>> birkenstocks and companies, we have to identify is the issue at hand structural issue, the company structural issue at the industry level, you are being stubborn if you hold on for too long. but it could present itself to be a great buying opportunity if the company can fix itself up. >> we had those, many of those overtime. >> taking a look at viewer mentions. let's go to isaac jimbo, but everybody calls me at home, my whole family loves your show, thank you. i don't think i bought or sold anything in the past 30 years without checking to see if you said anything about the stock. this is what i love, isaac uses us as a resource, one of many resources, i have never claimed to be the seer, i have claimed, by the way, someone this morning said, your great entertainer. i love to bring people in, i like to think i'm not just a

great entertainer. what i would point out, i want you to chat. you should check, maybe we said something. more input, that is what we are, we are input, are we the input, no but we are important input i believe making stock decisions. >> absolute, doing the homework, showing you how to do the homework so you at home don't have to. you still have to but it is a guiding hand. >> i always say, there are people, and people say index funds, screw that, as people want to own stocks, own tocks, watch the show, be a member of the club, much better at it. next we are taking a question from rachel in florida who says, hi, jim. we have 30 plus year time, earned some money we don't need to live on, this jim advise investing the money into s&p and stocks and bonds? 30 year plus time run, stocks, yes. bonds, no. you don't need bonds until you get very old.

one of the points where i'm definitely at odds with most of the so-called seers out there. i say when you buy a lot of bonds, you are betting against your life. if you think you are going to pass away and when you are 72, it is 65, yes, buy bonds. i want people to think, i know that sounds almost pollyanna, the reason why i say it is because you have to go for long- term care facility and you own bonds from the previous 20 years, you will not have enough money. stocks outperform bonds . >> yes, thirty-year long-term horizon, key line, fortunate enough you don't need all about the money, that means you don't have the risk of selling it with the potential market downturn, you can stay invested and overtime, you should do quite well. >> i think, is a trick question because people don't like to talk about mortality. what really does matter is if you have a long life and cashed

in on bonds and your kids are sissies, you will be broke. you will be broke. as long as you take that horizon, ride things out with stocks and you will outperform bonds. thank you, jeff. always a bull market somewhere, i will find it just for you right here on "mad money" . i am jim cramer and we will see you next time. by working hard... we took a huge chance. i quit a full-time job. ...by working smart... who here would like to help us refine the gentleman? ...by thinking big... boomboom is intended for intense refreshment and rejuvenation. ...and chasing their dreams. my dream is want to come america to be a fashion designer. narrator: and tonight, legendary nba star and investor charles barkley joins the tank. barkley: anytime it comes to investing, you're really investing in people. you seem to be on the right track, and i'm willing to take the chance. your margins suck. i think your valuation is gonna need a haircut. whoo!