Do Not Take Jim Cramer Seriously
"When you own a diversified portfolio of stocks, it is rarely the stock selections that make you money but the performance of the stock market overall—which, thankfully, usually goes up. What a truly talented stock-picker will do is select stocks that beat the market, after costs, without exposing you to more risk than the market. Because the vast majority of stock-pickers can't do this, you are almost always better off in a diversified portfolio of low-cost index funds. Properly constructed, such a portfolio will, over decades, make you more money, with less risk, than even an above-average stock-picker (let alone a chair-throwing, self-aggrandizing clown)."
From "Pay No Attention to That Crazy Man on TV," from Slate.com.
My advice: Watch Jim Kramer for entertainment purposes only, and buy and hold the Fidelity S&P 500 Index Fund as a major part of your investment portfolio - the expense ratio on that fund is only 1/10 of 1% ($100 annually on a $100,000 investment - you can't invest more cost effectively on your own, and no broker will manage your investments for 1/10 of 1%) and you'll beat 97% of actively managed mutual funds in the long run, after expenses and taxes.