NET - Jim Cramer's Advice On Capitalizing Stock Gains Amid Bull Market: 'I'm Begging You To Take Off Something' | Benzinga
Renowned financial commentator and CNBC host, Jim Cramer, is advising investors to secure their profits from stocks that have experienced a surge in the ongoing bull market.
What Happened: Cramer, on Tuesday, motivated investors to revisit their portfolios and realize gains on stocks that have recently surged, CNBC reported. He stressed the importance of cashing in profits, even in a thriving market.
"If you’ve got a huge gain, I’m begging you to take off something, just take it off the table a little bit,” he said.
“Bulls make money, bears make money, but hogs, they get slaughtered,” he advised.
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Cramer’s strategy involves partial selling of shares in companies that have witnessed a stock pop, but retaining some if the investor is optimistic about the company’s future. He used his charitable trust’s handling of Broadcom (NASDAQ:AVGO) shares as an example, selling some after the chipmaker and software ...