JIM CRAMER’S ACTION ALERT PLUS: Insights To Investing

Getting back to even!! Boy...that has a nice ring to it! After suffering through the market’s near collapse in 2000, I thought I’d seen the worst of it. I’ll never forget...My broker at the time (long since fired) worked with a nationally known firm that will remain nameless. Most all of our retirement funds were placed in accounts bearing that company’s name; i.e., most everything was in house. I guess the commissions worked out better that way. Anyhow, every 7 days I’d receive a letter saying that we were in it for the long haul...not to worry...it will stop soon. Meanwhile, my portfolio kept sliding, and my broker, I guess under orders from the main office in New York, kept making excuses for not going to cash. We left him with about a 30% portfolio loss.