Watch this video with Anne Curry and Jim Cramer and then realize that the only safe investment you can make in the foreseeable future is in yourself!
And that investment needs to be in something that is strong, viable, and eminent. The best place for your money is backing you right now and nowhere else.
Here’s where I am putting my money.
There is very little uncertainty about the growth of thelocal search market. We’re doing another live webinar Wednesday to explain it all.
Listen to Cramer. He’s one of the best out there. Then realize you have alternatives to losing your money in the market. Put it in something destined for growth by all expert accounts!
{ 10 comments… read them below or add one }
I don’t need Kramer to tell me not to put my money in the stock market. I have believed for quite a while that the stock market is pure fantasy.
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The stock market has continued to show 7-11% year by year growth through depressions, recessions, wars, etc. We got through the year 2k stock meltdown, and we’ll get through this one. Long term, with a little decent research, it’s a pretty good place to store your money. It can be pretty scary in the short run, though.
Still, ya know… Enron melts down and it’s people go to jail. Fannie and Fred metl down and their people become presidential candidate advisors. I think I’ll stay out of mortgage stocks!
I agree though, that investing in a good business and following through properly will result in gains FAR exceeding 7-11%.
Jack Thanks for the tip on the video. I watch Jim Cramer from time to time. He’s
a very informative and entertaining guy. He seems quite sincere on his advice to take your money out of stocks.
Could be part of the reason for Monday’s meltdown. Not involved in the stock market for just these kinds of reasons. I agree your best investment is in yourself.
Gary McElwain
Gary McElwains last blog post..Mentoring For Free Exposes the Steps to Create Your Business Plan
Cramer…”one of the best”….maybe one of the best entertainers.
HIs financial advice…frequently wrong but never in doubt.
However in this case I think you are right. Invest in yourself.
Cramer remains a highly skilled Clown.
Jim
I noticed Cramer’s “sage” advice… can’t say I agree or disagree because most financial planners will tell you that buying stocks with less than a 5 year time horizon is a lukewarm idea at best. Depends upon how aggressive you really want to be.
Only thing to be wary of with Cramer is that he’s a momentum investor and mentions what is hot at the moment. Couple months ago he’s hyping Google at 750 and now he’s telling us to sell. Got to watch guys that give conflicting advice.
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BE NICE IF HE COULDVE TOLD US THIS SOONER!.
BEFORE A NEAR 1000 POINT DROP
@Carlos – I love it! You write like Cramer yells! He did tell everyone last year this time that this was coming. He nailed it.
“Couple months ago he’s hyping Google at 750 and now he’s telling us to sell. Got to watch guys that give conflicting advice.”
He also predicted the crash around this time last year. Every analyst worth their salt is going to give conflicting advice according to new developments in the market. The guys that stick to their talking points regardless of the whims of the market scare me the most.
It’s true that local search continues to grow even in this most recent and dramatic downturn. We see this in our business at Yodle. That said, we’re probably just in the early innings of the recession, so who knows what will happen in the future and how local search will be impacted. I think Google releases earnings today, no? This should be a good barometer. Either way, as consumers start curtailing spending, small and medium sized local businesses will need to rely even more on quantifiable, metric-driven marketing channels to ensure ROI and perhaps weather the storm. Local search is the best vehicle in this regard.
“Couple months ago he’s hyping Google at 750 and now he’s telling us to sell. Got to watch guys that give conflicting advice.”
He also predicted the crash around this time last year. Every analyst worth their salt is going to give conflicting advice according to new developments in the market. The guys that stick to their talking points regardless of the whims of the market scare me the most.