01-01-2017, 03:31 AM
Good advice:
"In fact, one of the chief reasons that I outperformed pretty much every manager in the business during my 14-year run as a professional money manager is that there were substantial blocks of time when I was largely in cash," the "Mad Money" host said. Cash is the perfect hedge in an environment when the market hits dangerous highs and could protect from devastating losses. Cramer considers cash the most underrated investment of all. Whenever he sees the market spike, he starts to sell a little and trim here and there to build up a supply of cash. He sells on strength and buys on weakness.
Cramer: The perfect hedge for when the market hits dangerous highs