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

I don't have a lot of money to invest. Is a $16 stock like Texas Roadhouse (TXRH) - Get Free Report good for me, or should I focus on single-digit names?-- Pat from Texas

James J. Cramer:

This is a common misconception of individual investors. Over the long run, you're just as likely to make money in a $10 stock, as you are in a $20 or $50 stock.

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

clicking here