My 8-Year-Old's Portfolio Will Kick Your Portfolio's ...
NEW YORK ( TheStreet) -- When I graduated high school, I was one month away from turning 18 years old. At that point, I already had my future mapped out for more than a decade. I was going to be the next Howard Stern.
Less than two years out of high school (1995), I moved to Miami and took my first full-time radio gig doing nights on a sports talk station. The next several years of my life looked a lot like the movie Private Parts, minus the lesbians and ultimate smashing success in the radio capital of the world, New York City.
I even dealt with program directors like "Pig Virus." (He's a real person, by the way).
At day's end, I had a moderately successful career, but after about a dozen years on the radio I decided it was not for me. Or maybe radio decided "I wasn't for it."In any event, before I left home my radio jobs paid by the hour. I think the most I made was $15 per. My summer job at the local housing authority delivered a better wage. In Miami, where they pay you with sunshine, I made a wimpy $26,500 a year. Welcome to the big leagues, kid! Through it all, I invested in DRIPs (Dividend Reinvestment Plans) and a smattering of mutual funds. As I made more money, I started buying stocks. As I made more money, I bought more stocks. I became obsessed with the stock market at a relatively young age. I enjoyed more than moderate success investing. I only got my rear end handed to me once -- actually several times. Each time came during the 1999-2000 dot-com boom. Other than do not chase IPOs, the biggest lessons I learned were:
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV