“Whatever money you may need for the next five years,” Jim Cramer told the legions of Cramericans yesterday, “please take it out of the stock market right now.”
From Agora Financial's 5 minute forecast:
"Mr. There’s always a bull market somewhere” officially checked out of the current market, suggesting that a the current drama could cause “as much as a 20% decrease in the stock market.”
You don't have to run screaming from the market and take losses today because Cramer said to. You can take a loan against your portfolio to hedge against losses; non-recourse loans mean that if your stock tanks, you can walk away.
I don't recommend making any decision on the emotions we're experiencing now. Check out your options, take a deep breath, then sleep on it.
If you'd like a quote on a particular stock, I can give it to you via e mail. I'll need:
- symbol
- value
- state of your residence
- whether or not you are associated with the company
I'll get a quote for you as fast as I possibly can. Loans tend to close in ten days or less, unless they exceed the ten million mark.
Continue reading "Should you take Cramer's advice and quit the Market?" »
