Financial Dominance » Roth IRA http://www.financialdominance.com FinancialDominance.com A Personal Finance and Investing Blog Fri, 23 Sep 2011 14:34:40 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Jim Cramer: Get out of the stock market if you need your assets in the next five years http://www.financialdominance.com/221/jim-cramer-get-out-of-the-stock-market-if-you-need-your-assets-in-the-next-five-years/ http://www.financialdominance.com/221/jim-cramer-get-out-of-the-stock-market-if-you-need-your-assets-in-the-next-five-years/#comments Tue, 07 Oct 2008 07:12:39 +0000 Marcel http://www.financialdominance.com/get-out-of-the-stock-market-if-you-need-your-assets-in-the-next-five-years/ That’s essentially what Jim Cramer is saying.

“I thought about this all weekend. Whatever money you may need for the next five years, please take it out of the stock market right now, this week. I do not believe that you should risk those assets in the stock market right now.”

“I don’t care where stocks have been, I care where they’re going, and I don’t want people to get hurt in the market. I’m worried about unemployment, I’m worried about purchases that you may need. I can’t have you at risk in the stock market.”

But what if you can wait longer than 5 years… ?

“I think what you have to do, if you can withstand it, is just ride it out,”

“I think the previous quarter, the one we’re now hearing from, was a terrible quarter – but it will look good versus the coming quarter.”

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