Action Alerts Plus portfolio manager and TheStreet's founder Jim Cramer has learned a lot over his 30+ years of investing. So he created a list of 25 Rules for Investing that can help you avoid the novice pitfalls that even he fell into on occasion.
Like the aversion to cash. "In this business, it breaks my heart," says Cramer.
"Sometimes cash is such a perfect investment that it drives me crazy how few people ever recommend it."
Rule 12: Cash Is for Winners
"Especially if you were in the market and didn't have anything that compelling to buy...I would raise that cash."
So watch Rule #12 as he talks more about why cash is still king.
And don't forget, we are rolling out one-rule-a-day for the next 25 days! So stay tuned!
Sign up and watch Jim Cramer's 25 Rules For Investing here!
And for more Investing Rules, watch these: