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Mad Money Mailbag: See the Light

TheStreet.com Staff

Editor's note: The following are questions received from viewers of "Mad Money," seen every day at 6 p.m. EST on CNBC.

You recommended Newell Rubbermaid (NWL Quote) a while back, and the stock is still trading around $26, even though the company recently posted strong quarterly results. What are your latest thoughts?

-- Jerry from California

Jim Cramer: First of all, this is a stock I own for my charitable trust, Action Alerts PLUS. The company is in the midst of a successful turnaround, though many investors have yet to forgive Newell for the many mistakes of its prior management team. I believe the rest of the market will ultimately see the light, but in the meantime, the stock remains attractive for its secure 3.2% dividend yield.

What are your top mutual funds for investors who don't have enough money or time to properly maintain a diversified portfolio of individual stocks?

-- Ken from Los Angeles

Jim Cramer: One of my favorite mutual funds over the years is Legg Mason Aggressive Growth (SHRAX; formerly Smith Barney Aggressive Growth). It is managed by Richie Freeman, who consistently outperforms his peers and the broader market averages.

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.