Watch my Video for Resources to find Stocks and Techniques
Originally posted August 8, 2018. Last updated March 15, 2021.
If you’re just getting started investing, you might not have a clue where to begin when it comes up with investing ideas or knowing how to research what’s happening in the market.
I have just the solutions for you: CNBC, the financial news network, has two daily shows that are absolutely invaluable as research tools – Mad Money with Jim Cramer and Fast Money.
CNBC’s Mad Money
Jim Cramer was an incredibly successful fund manager in the late 1990s and early 2000s before becoming an on-air personality. He intentionally acts like a bit of a goofball during his show, filling air-time with sounds from his sound board, screwball antics and other approaches designed to make learning how to invest entertaining.
Personally, I’m not a fan of the goofy shtick, however, make no mistake, this man knows what he’s talking about. And, trust me, I’ve listened to every single episode for nearly 12 years while I workout each day. Yes, 12 years. I can honestly tell you that Cramer’s made me a better investor, no question.
If you start tuning in to Cramer’s shows, you might notice that I echo a lot of his strategies and suggestions in Get Irked. His wisdom is tried and true, mirroring what expert traders do each and every day on Wall Street.
I recommend starting with Friday, August 10, 2018’s episode which was incredibly timely: following the Turkey financial crisis, Cramer offers key strategies to how to approach a marketwide sell-off including how to pick the right stocks to buy during a downturn.
In addition to providing fundamental strategies that can be key to investing, Cramer regularly interviews excellent CEOs from incredible companies with past guests including Howard Schultz from Starbucks ($SBUX), Tim Cook from Apple ($AAPL), Marc Benioff from Salesforce.com ($CRM) and Indra Nooyi from Pepsi ($PEP), just to name a few.
I have gotten many excellent investments from Cramer over the years (Boeing $BA, Apple $AAPL, Cypress Semiconductor $CY, IDEXX Laboratories $IDXX, Square $SQ, Logitech $LOGI and many more), but there are far more suggestions that I didn’t choose to invest in because they simply weren’t for me.
CNBC’s Fast Money
Fast Money is designed like SportsCenter for stocks. For those not sports-inclined (like me), think: a political panel show.
Four professional traders with different styles offer commentary on the day’s news and major movers with a moderator, usually the excellent Melissa Lee.
I rarely get trading ideas from Fast Money, but their insights into market moves, global news events and the futures of various companies are absolutely invaluable.
Disclaimer: Eric "Irk" Jacobson and all other Get Irked contributors are not investment or financial advisers. All strategies, trading ideas, and other information presented comes from non-professional, amateur investors and traders sharing techniques and ideas for general information purposes.
As always, all individuals should consult their financial advisers to determine if an investing idea is right for them. All investing comes with levels of risk with some ideas and strategies carrying more risk than others.
As an individual investor, you are accountable for assessing all risk to determine if the strategy or idea fits with your investment style. All information on Get Irked is presented for educational and informational purposes only.