"Love your blog, very passionate and true...and shows how much you are doing and giving in your life." -Montgomery
Read More Testimonials»

Our Smart Investing Experts

Jason Kelly

Jason Kelly

Author of The Neatest Little Guide to Stock Market Investing

Shared by First30Days View Profile»
Lauren Young

Lauren Young

Journalist and department editor at BusinessWeek

Shared by First30Days View Profile»
Stephen Gandel

Stephen Gandel

Money magazine senior writer

Shared by First30Days View Profile»

Meet all of our Finances Experts»

Got a Question?

Q&A

If you have questions about this change, you're in the right place. Our editors, experts, and community of change optimists have answers!

Cwolf112

Question:Is it time to get out of the market?

Everyone's favorite crazy money guy Jim Kramer said on the TODAY show this morning that it's time to get out of the stock market. Anyone who needs that money in the next few years should take it out, though people with stronger stomachs who don't need that money for five years or more could do well to ride it out. People might be listening because the Dow just went under 10,000 for the first time since 2004.

Has anyone cashed out their stocks?

Asked by Cwolf112 on 10/6/08 3 Answers»
coleman

Answer:

I think now would be a good time to dabble in the stock market with caution. Only risk what you can afford to lose.

Answered by: coleman on 10/21/08
ChangeHero

Answer:

Although Cramer qualified his statement with "those needing money within the next 5 years" I think most people heard "sell you stocks now." I actually think this is a great time to buy stocks if you have time to hold for the long haul, 5+ years. Fundamentals for high quality, cash-rich companies makes their stocks a good buy.

In the end, if a company isn't at risk of going belly up, why sell now?

Answered by: ChangeHero on 10/9/08
joepierce

Answer:

Jim Cramer is a nut. Thus the name of his show... "Mad Money". But seriously, if you were going to sell, you should have done it months ago when the market was peaking. Anyone who sells @ the bottom is a sucker.

Answered by: joepierce on 10/7/08
Got an Answer?