CNBC’s Jim Cramer gave young investors a list of stocks he believes should be on their shopping lists.
CNBC's Jim Cramer on Wednesday gave young investors a list of stocks he believes should be on their shopping lists.
"If you're a younger investor, you need to take some risk in your portfolio — that's how you have a chance to generate gigantic returns. I recommend betting on long-term stories that can eventually give you big wins as long as you're patient," he said. Cramer explained that junior growth stocks are smaller, faster-growing companies that could become huge in the future. "Four or five years ago,was just a wee bit junior growth stock. Well, there's nothing junior anymore about the stock."
He added that these stocks are particularly attractive investments for investors still in their twenties, since they have time to correct potential mistakes and to invest in stocks that could take a while to blow up.
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