Jim Cramer: No one made a dime panicking
on Sunday, April 8, 2018Jim Cramer Money Quote saying volatile markets dropping precipitously scares everyone into selling to avoid further loss, but panic never makes a profit. Jim Cramer said:
“No one ever made a dime panicking” — Jim Cramer
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In this quote, Jim Cramer is advising against making rash financial decisions based on panic or fear. Some key points:
- Cramer notes that no one has ever profited or “made a dime” from acting hastily while in a state of panic about their investments.
- He implies panic often leads to selling low after losses due to poor timing, rather than riding out short-term volatility through a long-term perspective.
- The quote suggests making emotional, reactionary moves in financial markets as a result of panic will ultimately be detrimental to one’s portfolio performance and ability to profit over time.
- Cramer promotes maintaining composure and discipline according to a planned strategy rather than scrambling in panic, as panic rarely results in favorable outcomes from a wealth-building standpoint.
Overall, the message is that while market downturns can be unsettling, reacting to short-term losses by panicking will likely only lock in losses and should be avoided, as calm, rational decisions tend to serve investors and traders better in the long run.