Even though the stock market has notched explosive gains this year, don't for a second think there aren't valuable lessons to learn.
For this former stock analyst turned digital headline creator, record stock markets mean a daily search for contrarian stories, stories that hit on the hot stock market or just cool stuff that investors need to know about. My newest inspiration comes after sitting in on TheStreet's founder Jim Cramer's monthly call with Action Alerts PLUS members.
Here are several rapid-fire takeaways that I absorbed while listening to this incredibly valuable call.
Stop trying to time the next stock market crash. It hasn't happened to any major extent since the financial crisis and in turn, you have probably sat on the sidelines too damn long. The market isn't going to crash tomorrow, so put some money to work in best-of-breed names (like Amazon (AMZN) on this dip). Scared money don't make no money.
Remember, you can't punch in the word "politics" into a spreadsheet and get a fair value estimate on Apple (AAPL) . What you can do is punch in a series of numbers that produce an earnings estimate and possible future value. Earnings remain the driver of the stock market, not Trump tweets. If the market was truly Trump-tweet driven, we would be down 50% from the all-time highs.
Record stock prices are an indication that Corporate America could handle the higher rates about to be dumped on their plates by the new Federal Reserve chair. Note that I say higher interest rates -- not an execution misstep on the balance sheet unwind caused by an inexperienced new Fed chair.
Read the additional lessons learned here.
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