my mission is simple. to make you money. i'm here to level the playing field. i promise to help you find it. mad money starts now. hey. i'm welcome to mad money. i'm just trying to save you money. my job is to educate and teach you. call me. or tweet me. every >> i come out for two big reasons. the first is obviously i like -- the second more important reason to help you build and preserve your wealth. we live in a world where it's difficult to become rich if you weren't born that way.

the stock market is the best ladder we have for social mobility. there are millions upon millions of people in this country. there aren't that main jobs that pay you a salary fat enough to make the pitch. even if you're a cheap skate to save every penny you earned. if you want to become really wealthy, unless you have a silver spoon in your mouth, that means planning your financial strategy. even if you don't have of your paycheck and invest it wisely, you can make your wealth grow, you can become financially independent. meaning you don't need to worry about your job security or where your next paycheck comes from. you'll be able to retireesly without the need to rely on social security. which may not be around when some of the younger viewers hit retirement age. that's why tonight, tonight i

best way to manage your money in order to help achieve real financial independence. in order do that, we need to talk about generational investing. the kind of strategies that make sense when you're young and in your 20s are very different than the sort of thing when you're middle aged or senior citizen for that matter. one constant when it comes to how old are you. that's the fact you'll never get a better opportunity than by investing in the stock market. even in a bear market, when the action is treacherous and volatile and is feels like stocks go down every day, when you take a long-term view, it's easy to see the stock market is by far the most effectively wealth creation out there. sure it may go down. it might crash like it does upon

longview, the very longview, stocks tend to go higher. i don't say that as a pollyanna. when i got started in the 1980s, the dow jones industrial average was trading in the 800s. despite multiple bear markets between then and now, the dow currently stands well above that mark, right? that represents a pretty fantastic amount of creation. no matter how old you are, you should have some of your money socked away in the stock market. if you think it's rigged, unreliable and unsafe for your savings, historical perspective. if you go all the way back to 1928, that's right, before the

end of 2014, the average annual return for the s&p 500 is about 10%. show me an asset class with a better average return. you can't do it. stocks aren't just the best game in town, they're the only game in town if your goal is to grow your wealth. if you want to get rich quick, that 10% annual average return for the s&p 500 may not seem impressive. some saying thanks for nothing. wait a minute, you're wrong. forget the fact it's more than double what you can expect from a 30-year treasury. let's examine that 10% figure in absolute terms. when you're taking a long-term view, racking up a 10% return index fund which you know i prefer, starts to seem pretty

years and down years but overall, long enough time frame that 10% figure, including dividends, has held steady. but to really understand the value of an asset class that tends to give you a 10% return the average year, you need to view this number through the lens of what's known as compound interest. sometimes i'll talk about this as the magic of compounding. think of it like this -- if you invest $100 in the s&p 500 and it gains 10% in the first year, then you've got $110. you've got $121. a third year of the same gives you $133. the gains keep getting larger and larger because each year you're making additional money off the previous year's profits. eventually the 10% average return you'll double your money in roughly seven years. now for those of you who are really young, right out of college, waiting seven years to double your money i know, seems like an eternity. and, listen, i've got more risky ways of growing your capital

you get older, an investment that can pretty consistently take your money up in seven years time and double it, it just becomes incredible. that said, the magical compounding works best the younger you are because that means you have more time for your money to grow. yet sadly young people are the least likely to be impressed by that kind of steady capital appreciation. that's why acclaimed economist george bernard shaw said youth is wasted on the young. so let me do my best to make we're going to walk you through it. suppose you're 22 years old and you're just entering the work force. you've got more than 40 years before you're expected to retire. so let's say you invest $10,000 in an s&p 500 index fund right now. and let's also suppose that the next 40 years aren't too different from the last 40 years. in that case, if the average person from the s&p 500 holds

turn out to be worth more than $450,000. that's enough to sent multiple children through college, grad school, buy a house in nice parts of the country, pay for a huge chunk of a ritzy retirement. and that monster multiyear gain didn't require any kind of stock picking. or time the market or even do any sort of research into individual companies which i know is hard for most of you. you just need to invest your money in a low-cost s&p 500 index fund or etf and then you wait. granted you're waiting 40 years but $450,000 when you're approaching the age many people retire seems more valuable than the $10,000 investment you made when you were young and had your entire work life ahead of you to

so please, i'm begging you. think of it like this, a little money saved and passively invested in the stock market is the easiest way possible when you're young to turn into a massive fortune when you're old. and have all sorts of additional cost responsibilities and all you have to do after you initially save that money is let it sit on the sidelines. ideally in a 401(k) plan or ira so you don't have to pay capital gains or dividend taxes. the same logic applies if you're 30 or 40 or even 50. but you get more bang for your buck if you start younger which brings me to the bottom line. even if you don't have time to do home work, the stock market is still the best tool out there for growing your wealth and thanks to the magic of compounding if earlier in your life you start investing in the market the bigger your long term capital gains can be. and of course it's not just

everything gets reinvested. let's go to brenton in new mexico. brenton? >> caller: jim cramer, big booyah from the land of enchantment, how are you, sir? >> i am good, how about you? >> caller: i'm doing fine, thank you. general question, mutual funds and index funds claim minimizing single stock risk. but inherently isn't it fair to say that mutual funds and index would a void with a single stock portfolio. >> absolutely. and i think that's why i always suggest there be two portfolios. there should be that capital preservation and appreciation fund. that is going to be -- we put that aside for retirement and that should be in a diversified fund. preferred to be an index fund and the rest should be mad money. a sliver of it. mad money we pick individual stocks. that's why we call the show "mad money."

there's too much single-stock risk but i want you to pick stocks and i know you want to do it or you wouldn't watch the show, brian in oklahoma. >> caller: thanks for having me. first time investor. how do you value a company -- one company versus another, the measure of the value? >> well, we spend a time of time in "get rich carefully" talking about that. what you're really trying to do is measure the future earnings streak and if you can measure can figure out what you pay for that earnings stream now and what really matters is if you take a longer term view you can get a feel for what that stock might be able to give you for dividends and capital gains. dividends tend to be for capital -- preservation and capital gains is for the appreciation stream. i want you to have a little bit of both but you have to be thinking about what a company can earn in the future. that's what dictates stock prices.

and the stock market is the best tool throughout to do that. a lot more "mad money" ahead. including the four-letter word of the investing world. what it is and why the conventional wisdom about it is all wrong. plus, i'm not pulling punches here, what you absolutely must not be doing in your retirement account. and i'm unveiling the rules you need to navigate in a bear market so stay with cramer! >> announcer: don't miss a second of mad money. have a question, tweet cramer, #madtweets. send jim an e-mail to madmoney @cnbc.com. or give us a call at 800-743-cnbc. miss something, head to

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tonight we're talking generational investing. meaning how to handle your finances depending on whether you're old or young or somewhere in between. as much as many of us might not want to admit it, the rules in this game can be different depending on what age you are. nobody would suggest a retiree pour all of his or her money into hig s stocks that could either have enormous upside potential or go all the way to zero and absolutely wreck your portfolio. but just because some of this may sound straightforward doesn't necessarily mean it's obvious or standard, which is why i'm taking the time to go over the really important differences depending on where you are in your life cycle. i always tell you you need to have too discrete policy cashes,

401(k) or i.r.a., then your discretionary mad money portfolio, hence where the name comes from, where you can start taking a few more risks with your money once you've topped out your retirement fund. no matter how old you are, retirement objectives must always come first. i love to play with the discretionary mad money side of things, that's what this show is about. but the truth is a bet on your retirement is a bet on your own longevity. you want to live for a long time and you should haven't to work your fingers to bo retirement from the moment you get your first paycheck. regular viewers here know my rules. no matter who you are, the first $10,000 you invest in the markets you go straight into a low cost index fund or etf that mirrors the s&p 500. index funds are fabulous ways to get exposure to the stock market's gains without putting in the kind of time or effort that's necessary. and if you don't have the time or inclination to pick

all come from the index fund that mirrors the s&p 500. i'm fine with that. there's no reason this needs to be complicated but like i mentioned it's very important you get yourself some exposure to the market because no other asset class can grow your wealth the way equities do. once you save more than $10,000, that means you have enough money to start a diversified portfolio of five stocks. remember, anything less than five stocks in five distinct sectors you aren't really diversified. take the money and invest it in individual ces it's only once you save a large enough amount of money for retirement, once you've maxed out on the benefits of your i.r.a. and 401(k) plan that we start talking about that discretionary portfolio, where you can take more risks. i want to make this point because people feel all i want you to be is in individual stocks. that's just wrong. index funds and then individual stocks. when you're younger your

younger investors can afford to take risks with our money that we old guys simply can't. that's true for a host of reasons. when you're still in your 20s or even your 30s if you invest in something risky and it crosses your portfolio, you've still got a lot of time to make the money back. you've lost your whole working life, basically, you have to whole rest, years and years and years of paychecks. is however if you're approaching retirement and you lose a fortune in the stock market, that's a problem and you'll have l brings me to my first rule of generational investing not only can younger people afford to take risks with their money that older folks can't, but those of you in the younger demographic, it's imperative you take those risks. you shouldn't go crazy. you should devote some part of your discretionary "mad money" portfolio to betting on these high-risk long shots. i know i'm out there saying this

massive upside potential couples with down side risk if things go wrong. remember, this is for the younger cohort. the classic examples are the development stage biotech stocks which can fly through the roof if you get a big drug approval or a piece of positive data on a drug years away from hitting the market. by the same token, the smaller biotech cans get slammed. they don't have any kind of dividend protection or earnings protection. however we're talking about long-term investing here. looking for good opportunities that can work regardless of whether we're in a bull of bear market and there are plenty of speculative companies that have nothing to do with the drug business. why do i insist younger investors speculate? take risks that might scare older people? because the gains here can be absolutely stunning. and it would be down right foolish to pass up the

person, not a an old man, that means take risk. let me give you an example. when "mad money" came on the air back in 2005, our first ceo interview was with a man who was with regenron. traded around 5,000 shares. at the time it stuck around for 17 years without developing anything noteworthy. since then, this company has become a powerhouse with the stock taking off into the stratosphere. based on the strength of a drug that has a blockbuster macular degeneration formula and continuing to roar to a number of other therapies that their pipeline regenerated. fast forward to 2015 and regeneron stock traded up $592 before getting slammed by a market wide selloff.

numbers, let's call it 500 bucks. ten years ago you could have bought regenron, speculation, five bucks. what would happen with that $500? how about this? a gain of roughly 9,900%. not a double, not a triple. not a quadruple. regenron is a ten-bagger but you couldn't have gotten in on that gain if you hadn't taken a risk in 2005 and bought a company promises of a ceo that things would work out. regenron worked out in a major way but many small cap biotechs have done nothing. and lost you money over a short period of time. you won't always identify who the winners in this space but that's okay as long as you cast a wide net and speculate, taking small positions in ten of these speculative bio techs, nine of them are going to zero. as long as the tenth was one regenron, you still would have

part of your diversified "mad money" portfolio but it belong there because the risk reward of trying to find speculative winners makes sense when you're young. for older investors, though, speculation is much more risky and i recommend playing it with excess cash that you absolutely can afford to lose. here's the bottom line, remember to speculate while you're still young enough to take the hit if something goes wrong, as long as you're disciplined and it only makes a small partf discretionary portfolio, not your retirement portfolio. it's absolutely worth hunting for the next regenron without hesitation. much more "mad money" ahead. i have the answer to the question on top of investors' minds. stocks or bonds? the age-old wisdom you've heard is wrong and i'm about to rewrite the script. plus the game plan you need to follow in the bear market and it's the most important piece of advice about financial help i could give you.

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it's time to address a major issue that i have to admit i don't spend enough time

of stocks versus bonds. now, there's good reason why you don't hear me recommending you invest in bonds very often and it's not just because this show is about stocks. the fact is, ever since the great recession interest rates have been held down to incredibly low levels and therefore bond yields like the return you get from owning, say, u.s. treasuries have been absolutely paltry. both by historical standards and versus what would be safe dividend-paying stocks. in general for the last two years even when the stock market has been getting absolutely pounded, bonds simply haven't represented very good values versus equities, that's why i've so often castigated you about the idea that excessive prudence can be the most reckless strategy of all. because if you invest too much of your money in safe virtually risk-free u.s. treasury bonds you've basically been ensuring you'll get a very low return on your investment for many years to come. all in all, if you want to grow

supposed to be about then like i've said before, stocks are still really the only game in town even after, what can i say, so many years. however, i don't want to make it sound like i'm pooh-poohing bonds altogether. there's absolutely a place for bonds in your portfolio. it's an essential place. especially as you get older. here's the crux of the issue, though. even though i believe stocks are the best way for you to grow end of the day, stock investing and bond investing are about two entirely different things. stocks are the tool you use for capital appreciation meaning turn your money into more money. but bonds are about capital preservation, they protect your money and give you a nice and steady albeit small return that's still big enough to offset the impact of inflation. you invest in stocks so you can risk the wealth you have to generate even greater wealth.

whatever part of your wealth you can't afford to lose. there it is. which brings me to the generational investing aspect of this question. depending on how old you are there's a huge difference of how you should approach the idea of putting your money into bonds. when you're young, investing is about taking risks so you can get better returns. i've already explained how people in their 20s and 30s can get away with that attitude. you have to rest of your working life to make back any potential losses. but as you get older and have more and more wealth you simply especially in your retirement account. bonds are a staple of saving for retirement because u.s. treasuries are the closest thing to a risk-free investment out there. most experts will tell you you need to own more bonds earlier in your lifetime than i think is truly necessary. you never get rich owning treasuries. even if you invest in 30-year u.s. treasuries, our government's longest dated bonds with the higher yield don't produce much in the way of capital appreciation. let's say for the sake of this

they're yielding 3.5%, relatively low level for historical standards, that's higher than the 2.5 to 3.25% range we saw in the first nine months of 2015. with that 3.5% yield, as long as you reinvest your coupon payments back you might double your money -- in 20 years. remember the average historical return for the s&p 500, the benchmark for u.s. stocks is 10% annually which lets you double your money in a little more than seven years. so if you're under the age of 35 with the idea that they'll slowly but steadily make you money, i think you're being too cautious. i know that puts me out there but you know what? i've been around. that's how i feel. even in your 401(k), your i.r.a., you want to be heavily weighted towards stocks while you're young. typically because these tax advantage vehicles allow you to avoid paying dividend taxes, allowing your gains to compound year after year after year. but as you get older, owning

essential. unlike the stock market where you can lose money in the blink of an eye, bonds are safe. once you've used the stock market to make yourself inspect you want to funnel more must be into u.s. treasuries where you know your investment won't vanish overnight. ideally you do that by putting your cash in the cheap bond fund that mirrors the yield you get from long-term treasuries. let's get down to brass tacks. hoch bonds versus stocks? that depends on how old you are. i'm going to give you my rule of thumb, though, i don't think your retirement fund should have any bond exposure whatsoever until you turn 30. if you own bonds at the age of 25, you're wasting your youth. it's better to put your capital to work in the stock market where it can grow. in your 30s i'm going to let you keep 10% of your retirement fund in bonds or 20% if you're on the conservative side once you here in your 40s you can go up to 20%

in your 50s, 30% to 40% and in your 60s as you approach retirement age, all right, take it up to 40 and 50%. that's right, 40% and 50% bonds. if you're retired i still think you should keep a chunk of your portfolio in the stock market. post-retirement my recommendation is increase your bond exposure 60% to 70%. once you stop working you can't afford to take too many losses with your investments especially since you're going to neo retirement account. but that said, i still think keeping roughly a third of your money in stocks makes sense even if you're retired because you're going to be living off your investments for the rest of your life so some part of your portfolio should be trying to create more wealth in case you live longer than you expect and need more money to support yourself. in other words, going all in on bonds once you've retired is a bet against your own longevity.

for younger investors, putting money in bonds is a fool's game. as you get older you should increase your retirement bonds exposure to the point where 40% of your money is in u.s. treasuries by the time you're in your 60s because that part of wealth will be protected against the volatility of the stock market. even if you retire you should keep owning some stocks so that some a piece of capital can appreciation over the long term. best case, you live a very long time and that extra money comes in handy. let's take questions. how about nasir in pennsylvania. >> caller: booyah, jim. >> how are you? >> caller: good. big fan of my show, and i love your book "get rich carefully." >> thank you. >> caller: i'm looking for advice on how to determine a stock if i'm going to start a core position given how important cost basis averaging is. >> i think this is a great

want to draw a line in the sand, they want to make what i call a statement buy or be in a position where they got rid of it. they bought it and put it away. i say take into account human frailty. the most i like to buy is half of my position, i prefer to buy a quarter. if the stock goes higher, what a terrible high quality problem. if it goes lower you have room to buy, i like to buy in stages, in my books i talk about stage buying because i don't want to be overconfident. don't be overconfident. brian in new york, brian. >> caller: hey, jim, how are you? >> i'm fine, how are you? >> caller: i have a 401(k) from a previous employer and i'm trying to decide whether to put in the an annuity accounts managed by an insurance company or just a traditional i.r.a. >> i want you to run it yourself. you watch the show, i think you can do it yourself. the annuities have fees. i'm not against anything that

wealth but my experience has been a lot of annuities have fees that eat things up. maybe there's some that don't but i believe in self-directed investing when it comes to that and if you have to you can put in the the next fund with if you don't have time. i like to take control of my investment, an i.r.a. lets you do that. investing in stocks and investing in bonds are two very different things. as you get older you can add exposure to bonds but young investors? you just don't belong in bonds. including the play book for when a bear market takes the bite of your money. plus i'm not kidding around, if you want to ensure strong retirement, listen to my advice and takes action tomorrow morning. don't miss it. and i'm answering the questions you've been sending me on twitter so why don't you stay

to want, rather than focusing on the day to day vicissitudes of the stock market, i want you to talks about taking a longer time than we usually take on discussing

50-year-old deal. there's no such thing as a stock you can buy and hold for the next decade or two. doesn't work like that. i wish it were that easy, it's not. regular viewers know my mantra is buy and home work, not buy and hold. no matter how confident you are in a company, check up on it on a regular basis, make sure nothing is gone wrong. however because you can't pick a few stocks that doesn't mean it's impossible to take a long-term view. when you start examining stocks over a multidecade time horizon, one thing becomes readily apparent, if you know what you're doing, a bear market can simply be a different kind of opportunity. that's right, when stocks are getting slammed, getting hit everywhere you look when it seems like losses will be endless, when shares of individual companies can't mount significant rallies in the face of positive news -- definition of a bear market -- you have to

high quality stocks for the long run into the weeds. now i'm not giving you a license to buy stocks indiscriminately but i'm saying when you're facing with a bear market, meaning when the average is down by more than 10%, let's use that as the parlance on the show, from their highs and it seems like they could go lower it probably makes more sense to buy most stocks, as long as you're willing to take short term pain for long term gain. market you need to be careful. never buy a position at once, that's pure arrogance. you're looking like a moron if that stock goes lower. instead, buy small chunks of your position incrementally on the way down, humility please in a bear market you want to use wider scales meaning after you make a purchase wait for the

more. you'll probably find you've taken advantage of a terrific opportunity most people were too afraid to pounce on but i need you to think longer term. something we didn't do at the beginning of the show. we're past that now, rbts we? you don't believe me? just look at this chart of the s&p 500 over the 10 years starting in the fall of 2005. look at those hideous declines during the financial crisis in 2009. if you use that to very gradually build position, then within a couple years you made a 2011. we snapped back from those losses more rapidly. this is why warren buffett seems so sanguine when the market is getting crushed. he has a long time horizon and enough money he can afford to take any level of short-term pain in order to get his hands on long-term gain. don't get me wrong. if you have a shorter time horizon for example, if you're a hedge fund manager who needs to be up for the year or the day, investors will flee your business then you cannot afford to approach a bear market as a

buying, you'll lose enough money and a short enough period of time that the fund will likely go under. read confessions of a street act [ inaudible ] the vast majority of you are not running those funds. you don't need to make money everyday or month or year. you need a long term strategy that lets you rake in massive multiyear gains over the rest of your lifetime so you have enough money to retire cota send your kids to college this is not an excuse to hang on to loser stocks of loser companies simply because you hope one day they'll turn around my point is the ugliest most vicious markets that send everything down, the good with the bad, they don't always create opportunities for small investors, as long as you're patient enough to take advantage of them slowly because if you pounce too quickly, you'll end up buying too close to the top. the other caveat, if you're not playing with an s&p 500 index fund, you have to be careful

during a bear market. you need do the home work, make sure you own the stocks with companies that are doing well, good balance sheets or at least companies doing okay but could do better in a stronger environment. during a bear market, you must absolutely not buy the stocks that are right in the blast radius of whatever is causing the decline. take the banks in 2008 and 2009, oil and natural gas resources that started going down in literally the fall of 2014. you don't want to own the companies causing the weakness, instead you should search for everything is being taken lower by the s&p 500 futures and and if you own anything in the blast zone, don't hesitate to sell and swap into something that's safer. one more very important point, if you want to take advantage of a monster decline to do buying, you need to have some cash on the sidelines in order to make your move. otherwise you'll just be shuffling money between

in your portfolio and the better market is doing the bigger your cash position should be. the better bigger. that way when things inevitably go wrong, you can use the weakness for the stocks you like at bargain basement prices. here's the bottom line. when you approach the stock market with a long-term time horizon, you have to remember the big bear market decline cans actually turn out to be excellent buying opportunities, as we've seen since we started purchase high-quality merchandise in small increments on the way down. stick with cramer.

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all night i've been telling you about the best way to approach investing from a long life long generational perspective. you're young, when you're middle aged and when you haven't you heard 60 is the new 50? even once you retire. but there's another aspect that i have to stress here and that's the need to get your kids interested in managing their own money more generally and learning about the stock market in particular. i say this to parents with children of all ages, while i love the public school systems, you cannot rely on the public schools or these ritzy private

physics, whatever. you want your kid to become proficient in a foreign language? great. sure, they can learn french, spanish, chinese. but if you want your kids to become fluent in the language of finance, you have to do it yourself. i get the sense that personal finance is too simple for most educators to bother with, like it's beneath them. your high school health class will help kids learn how to put a condom on a banana but nobody will explain why it's dangerous to maintain an outstanding balance in their future credit card bills and believe me you can't wait until after your kids go to college to teach them this stuff. at most institutions of higher education students get bombarded with credit card offers that can seem irresistible if they don't know better. i took out five of them. throwing thousands of dollars on credit card debt on top of student loans and the they can

need to bail them out. we don't want that. raising financially responsible children isn't about being a good parent, it's not not getting hit up for cash every month even when your kids are well into their 30s. if you want your children to learn about money -- and what parent doesn't want financially responsible children -- you need to do it yourself. you need to have long, boring conversations about the dangers of high interest rate debt. like the kind anyone can easily wrack up on a credit card and they need to save money coupled interest for generating wealth like we talked about earlier. in my view, the best way to make this dull personal finance medicine go down is with a spoonful of stock picking sugar. in other words, starting at an early age i recommend giving your children gifts of stock in high-quality companies that resonate with young people. my example that i've been using since the show started is disney. give them a couple shares a year for the holidays starting when they're old enough to appreciate

for it. so many blockbuster films over many many years in the future not to mention a terrific theme park business. by the time your kids are teenagers i think their disney holds will show a nice gain. there's no better way to demonstrate the power of saving money and investing in stocks than having your children make money in the stock market themselves and follow it along and look as much as i like disney, you don't to go with mickey mouse. it could be any high-quality somebody still in elementary school. the point of getting your kids interested in stocks early is that you need to teach them a better way to think about money rather than viewing cash as something to be spent. you want your children to learn money is something that can be saved and invested to create still more money at the earliest possible age, look if you don't want to do this for your children, do it for yourself because kids who can manage their own finances are kids who won't be begging you for moolah

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to check out the twitter sphere and look at the tweets you sent @jimcramer. let's see what's trending. first up. "you talk in your book about research. for a new investor, what are pieces of information we should look for when stock picking" the first thing is i want you to

the reason why is a lot of times stocks go down after you buy them and if you like the product you'll be more inclined not to panic and get out. then in "get rich carefully" i do comparisons, tell you how to rate a stock, you can do it on a numbered basis and figure out where it should stand versus others but you've got to like the company first or i promise you in the first big selloff you'll become a seller not a buyer. i don't want that. okay. "jim, for retirement is it best in dollar cost average index funds or wait and buy on market downturns/mad tweet. >> this is how i do it. i try to do it one-twelfth a month if i can but if there's a big break in the stock market i accelerate some i would do later

so i like to take advantage of the declines and accelerate what i put in and i've done that for years and it's worked for me. next up is larry bloom. "this morning my wife said what would they do without cramer?" my wife said the same thing. look, i'm a teacher, i've got some books. i try to come out here every night. would you do without yourself. this is about empowering you, not giving you ideas. it's about how to look at them. people look at the show who haven't watched it over the evolution and say all he does is trade in and out of this or that. i hope that you know that it's the opposite. longer term investing is the way to make money, index funds and mad money and doing home work

do it yourself. last is jeffrey hope. "jim, would you mind sharing your sunday stock routine, please?" >> i get thing from standard and poors, it's pushed to me via e-mail. it's hundreds and hundreds of charts. i go over each one, i do -- i have a file that says good, bad, question mark, try to figure out why that went up and then story idea for show and i write down each one and where they are and whth piece for real money, a long piece, that's the pace on the street where i look at which trends i see and for the rest of the week i send it to my staff which stocks i don't understand and why and some theories about why we should be doing certain pieces. and it takes up almost all sunday except for when the eagles are playing. stick with cramer. much, do they?

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i like to say there's always

i'll promise to try to find it just for you right here on "mad money." i'm jim cramer and i'll see you next time. i just received a call from secretary clinton. she congratulated us. it's about us! ngratulated her and her family on a very, very hard fought campaign. >> in a stunning turn of events, america has elected billionaire businessman donald trump as our 45ing president of the united states. a shocking outcome for hillary clinton and her shell shocked supporters who appear to have momentum and polls on their