Cramer's 'Mad Money' Recap: Teach Your Children Stocks

 

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What we celebrate in Cramerica is how you as a parent can help your kids learn about money and investing, Jim Cramer told viewers of his special Father's Day "Mad Money" TV show Thursday.

People need to teach their kids the basics, because they're not going to learn them anywhere else, Cramer said to his live studio audience.

"I have my dad, who's here with me today, to thank for being a good investor," Cramer said. "Unlike other dads who told their kids to read the sports pages ... my father knew the Philadelphia sports teams would amount to nothing."

Instead, his father had him read the stock pages and got him "hooked" on the game. "Get your kids started young," he advised, because that ups the odds that they'll be good investors.

"If you're a parent, you owe it to your kids to get them into the stock market," Cramer said, calling it "the winning game."

When a member of his live audience asked if there's ever a point during the day when he relaxes and takes a break from stocks, Cramer said that traditionally he takes a moment to go to ESPN.com to see how bad the Philadelphia Phillies are doing, and he allows himself four hours of sleep at night.

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