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RealMoney Radio Mailbag: When Time Frame Matters

The answers to two listener questions hinge on how far out their horizons are.

Editor's note: The following are questions received from listeners of "RealMoney Radio." To send Cramer a question about topics from his radio show, click here. Listen to Cramer's latest radio show by clicking here.

What do you think of Legg Mason (LM) - Get Legg Mason, Inc. Report as a long-term investment?-- Brian from Virginia

James J. Cramer:

For investors with a long time horizon, Legg Mason is a good choice for the aggressive portion of a portfolio. It is a very well-managed and hugely profitable company, but the stock is fairly volatile.

Do you like the (CVGRX) - Get Calamos Growth Fund A Report Calamos Growth Fund? -- John from New Jersey

James J. Cramer:

Calamos Growth is a very good aggressive growth fund that is heavily weighted in tech stocks like

Apple

TheStreet Recommends

(AAPL) - Get Apple Inc. (AAPL) Report

and

eBay

(EBAY) - Get eBay Inc. Report

. While this is not a good choice for more conservative investors, such as retirees, it has an excellent long-term record and is a solid choice for younger investors with a healthy appetite for risk.

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

clicking here

.