Investing Opinion

Cramer: The Rich Don't Fret, but You Should

 

Anyway, I know that right now there are many situations that aren't working. But if you know the dollar is going to be weak -- a real rich person's supposition -- if you know that real estate is going down -- another rich person's supposition -- and you know that there is uncertainty in Washington -- another supposition shared by all -- and you know there is a world wide energy shortage -- something everyone knows -- then why can't we try to profit from those and identify stocks that are in the gold, natural and gas and overseas markets?

What's so outrageous about that?

What's wrong with trying to find something in Brazil that makes sense that has come down like Petrobras(PBR)? Or what's wrong with taking a position in a British Pete (BP) with new management and a 5% yield? What's wrong with looking at an Asian stock, where business is excellent, or a Canadian or Mexican stock where the currencies are strong and minerals are abundant? Why not be in RIO(RIO), which is Canadian and Brazilian, or Bank of Nova Scotia with Canada and Caribbean properties?

Look, I am not trying to rationalize what I do or what other good people on this site do. I am saying that doing nothing is a luxury that 99% of Americans can't afford. You have to work your money to make more money.

For those who would criticize that drive and need to help those people, here's what I have to say: You are rich, good for you -- now let others try to be rich. Empathize with their plight in this environment. And stop knocking those of us who try.

>To order reprints of this article, click here: Reprints

At the time of publication, Cramer was long BP.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. To order Cramer's newest book -- "Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)," click here. Click here to order "Mad Money: Watch TV, Get Rich," click here to order "Real Money: Sane Investing in an Insane World," click here to get "You Got Screwed!" and click here for Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he appreciates your feedback and invites you to send comments by clicking here.

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