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Mad Money w/ Jim Cramer

Mad Money w/Jim Cramer 08/28/19

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.34K Ratings

🗓️ 28 August 2019

⏱️ 45 minutes

🧾️ Download transcript

Summary

CNBC's Mad Money with Jim Cramer.

Transcript

Click on a timestamp to play from that location

0:00.0

My mission is simple to make you money.

0:04.0

I'm here to level the playing field for all investors.

0:08.0

There's always a more market summer and I promised to help you find it.

0:12.0

Man money starts now.

0:16.0

Hey, I'm Kramer. Welcome to Man Money. Welcome to Kramer America.

0:20.0

Other people want to make friends who are trying to make some money. My job is not just to retain but to educate and teach you so call me at 1-800-3-CMBC or TweetMe.

0:28.0

There's a gaping hole in the American education system, although even calling it a system seems overly generous.

0:36.0

When you got a high school, they teach you chemistry, they teach you geometry, they teach you physics.

0:40.0

You have English classes, history classes, foreign language classes. You can graduate from college speaking three languages with a deep understanding of quantum physics or ancient philosophy.

0:48.0

You can get a PhD in early modern literature. Did you know John Milton, Mr. Paradise Laws also wrote clinical pamphlets?

0:54.0

They teach that in school if you get enough education.

0:58.0

But you know the one thing they almost never teach in middle school or high school, not say nothing of college? Financial literacy.

1:06.0

And I'm not talking about economics here. You could be an econ major and still learn nothing about personal financial planning or retirement readiness.

1:12.0

But I don't how to invest your money wisely. Money is just not talked about. It's almost like it's the third rail of American education.

1:20.0

You're a thousand times more likely to read DOS capital. I mean, okay, admittedly an important book. Ideology side marks was actually pretty good economist.

1:28.0

But he's not going to show you how to balance a checkbook, let alone manage a portfolio of stocks, financial literacy, the third rail.

1:38.0

And that's why I'm on a constant mission to teach you how to manage your money so that you can be a better investor. I want you to make more money.

1:44.0

Think of this show as a kind of continued education for all things financial. I'm going to come as a financial planning. Nothing is more important than retirement.

1:50.0

Sooner or later you're going to stop working. Hopefully sooner rather than later, unless you really love your job, I'm betting most of you, even if you don't own individual stocks, still have some money in a 401k plan.

2:00.0

Decades ago corporate pension started going the way of the doda. And now the 401k is the main way that Americans save for retirement.

2:06.0

They're offered by your employer and they're among the greatest tax deferred investment vehicles out there. I'm over the IRA.

2:12.0

I'm not talking about that Irish pub. I mean the individual retirement account. For those of you who are about to pass out or change the channel, because the whole idea of saving for retirement puts you to sleep, hear me out for a man.

...

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