Investment club

Don't miss Mad Money every night at 6:00 PM Eastern.

Plus, join the CNBC Investing Club and stick with Cramer around the clock [upbeat music]

Like I told you before the break, there are all sorts of stocks that only work under certain situations.

There's nothing wrong with that.

I always say my favorite part of the show is answering questions directly from you.

Tonight, I'm cracking open my emails from Investing Club members, answering all your investing questions.

If you like this, please don't forget to join the CNBC Investing Club First up, we have a question from James, who asks, "Jim, I am 65 years old and investing my portfolio for growth and income for the next 25 years.

Is it time to start allocating more investment dollars into dividend-paying stocks, or stay with 65% growth value and 35% dividend equities? My total equity portfolio is 4.5 million." Well, first of all, congratulations.

We're all about 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.

Tonight, I want to introduce you to this concept that is so important, and it's called suitability.

Basically, what stocks fit you? What investments are right for you? Not for this week, not for this month, but for your age, for your temperament.

These kinds of things can really compound over time, meaning if you let it run, then money can build up on itself.

[cash register ringing] Now, you might say, "Why am I watching a show about stocks if all this guy's doing is talk about index funds?" Look, I could come out here every night and talk index funds, but it wouldn't make for a very interesting show, would it? I wouldn't be giving you my best advice either.

I teach you how to pick individual stocks, both here, but really a huge amount in the CNBC Investing Club, because I believe that is the most effective way to go, and I like to teach in the Investing Club.

It's my favorite venue.

There, there was a kind of a sense, a little bit wistful sense of, guys, why are you ruining this? Uh, why can't you just spend more money or slow down individually? And I, it's kind of where I come out too.

All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC or its parent company or affiliates and may have been previously disseminated by Cramer on television, radio, internet, or another medium.

No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer.

The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment, or strategy.

To view the full CNBC Investing Club disclaimer, please visit cnbc.com/investingclubdisclaimer.

Have you ever considered surrounding your house with a moat to keep it safe? Would you hire a professional wrestler as a bodyguard for your car? Okay, maybe you wouldn't go that far.

But if you'd go to great lengths to avoid dealing with your insurance company, you might have insuranoia.

I think it's time to be sparing in applying your cash.

The investing club maintains a high percentage of our charitable portfolio in cash right now because of this volatile environment.

And once again, I urge you to get off margin.

This is not the time to be buying stock with borrowed money.

So, uh, I don't...

How about this? Stay tuned for my analysis of whether we're due for a 2018-like pull back.

And we had our monthly investing club meeting yesterday, and we had s- so many great questions, but we didn't have time to take them all.

So I'm taking some of them out and telling you how I answer questions.

Now much more Mad Money, including a, my own exclusive with Sterling Infrastructure.

Then I got a bit heated about one particular stock in today's Investing Club, and I kinda feel bad about it.

But I'm still a little steamed.

I think my frustration's justified.

I'm just acknowledging that there's a very real negative, and it is oil.

Tomorrow when we hold our noon meeting for the investing club, I'm gonna have six ideas that I think make a ton of sense to buy right here, right now.

I also want to pitch you on an accidentally high yielder, a stock that's gotten so low that its dividend supports the same 5.3% pay as the 30-year treasury.

At the end of the day, my negativity right now revolves around just one thing, but it's a big thing, and it is the price of oil.

[electricity buzzing] You're a thousand times more likely to read Marx's Das Kapital than to read anything about planning a budget or certainly picking stocks.

And that's why I'm on a constant mission to teach you how to manage your money, which is what we do every day in the CNBC Investing Club, with the Charitable Trust providing a constant source of examples.

And when it comes to managing your money, nothing is more important than retirement.

Sooner or later, you're gonna stop working, hopefully sooner rather than later unless you really love your job.

Now some of them give you a terrific range of choices and even let you pick individual stocks, but others are more limited, only giving you the choice of a couple dozen different mutual funds.

So for those of you who can't pick your own stocks in your 401[k], my number one rule is that before you contribute money to your 401[k] plan, you have to make sure it gives you the option to put your cash into something that's actually worth investing in.

I spend so much time teaching this, uh, in, in how to pick stocks at the CNBC Investing Club because I believe it works.

You should be skeptical of a retirement plan that doesn't give you that option to buy individual stocks.

And a group of us at work were quite keen sort of stock analysts, so we call ourselves back then.

So we actually formed one of the early investment clubs where people would pull some money and we'd have a sort of a committee meeting once a month and decide what we were going to buy.

That was sort of one of the interesting parts of the journey.

I think investing, although you can do it by yourself, it's far more interesting if you've got a trusted friend who you can discuss it with, bounce ideas off and sort of, you know, discuss what's going to be hot and what's not.