Investors need to take a ‘longer view’ if they want to survive the current volatile market, according to Jim Cramer. The CNBC host and financial guru made this statement on Tuesday, emphasizing that no one can predict what will happen in the stock market over short periods.
Cramer explained that investors should focus more on long-term trends than trying to make quick profits from day trading or other short-term strategies. He noted that while some people may be able to successfully do so, it is not something he recommends for most investors due to its inherent risks and unpredictability.
Rather than attempting risky maneuvers with their portfolios, Cramer suggested taking a “longer view” when investing in stocks by focusing on companies with strong fundamentals as well as those whose products are likely to remain popular regardless of economic conditions. This approach allows investors more stability since these types of businesses tend to have less volatility compared with speculative investments like penny stocks or cryptocurrency options, which can easily lose value overnight due to external factors beyond an investor’s control.
By following Cramer’s advice and taking a longer-term outlook when investing during times of uncertainty, individuals will be better equipped for success even during difficult markets, such as today’s highly volatile environment.
Read more at CNBC
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