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


How many stocks are in your charitable trust? You said a few weeks back that most individuals should hold five to 10 names.

-- Mike from Maryland

James J. Cramer: I limit myself to 25 stocks for my charitable trust, ActionAlertsPLUS, because that's the most I feel I can comfortably follow at one time.

Look, I live, eat and breathe the market, but I know from my almost three decades of experience investing that a person needs to spend one hour each week per stock doing homework to really keep up with what is going on.

With that in mind, the average person, with all of the demands on his or her time, can be served well in building a diversified portfolio with fewer holdings.


Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here. Learn how to become a better investor.

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