What's Jim Cramer's advice for investors nearing retirement, and how does that change when it comes to younger investors in this market?
And for those of you wondering why you should be taking advice from Cramer, he penned a long-form column on his experience. You can read the full column here.
"I started my investing while I lived in my car, after getting robbed repeatedly and losing everything I had. I gave a little bit to Magellan Fund at Fidelity, because I never told my parents I lived in my 1978 Ford Fairmont. I didn’t want to freak them out. I also didn’t want to hear pleas to come back because, as you might be able to tell, I am not a quitter. I put the money in Fidelity, managed by the great Peter Lynch, really to get my father off my back because he thought I was doing well enough to save money. I was able to save money on homeowners’ insurance for sure, but at $173 a week in L.A. there was little hope to be able to afford rent," Cramer wrote.
Recap TheStreet Live: Everything Jim Cramer Is Watching in the Markets Monday