Mad Money Mailbag: Am I Diversified?

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


Am I diversified? I own Johnson & Johnson (JNJ), Total SA (TOT), Washington Mutual (WM), iShares MSCI EAFE Index (EFA) and Texas Instruments (TXN).

-- Michael from Illinois

Jim Cramer: A diversified health-care products company, a major oil producer, a super-regional bank, an ETF focused on foreign stocks and a chipmaker ... good stocks, but I'm afraid you're not diversified.

Total is the fourth-largest holding in your foreign ETF, so I'd rather see you replace the fund with a solid consumer staples stock.


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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. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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