fbpx

The Best Advice Jim Cramer Ever Gave Me

Okay, Jim Cramer didn’t give this advice only to me: He gave it to his audience on CNBC, and it’s worth revisiting. He stressed the importance of getting into the market when you’re young, getting your kids into the market when they’re still in their twenties.

His golden rule: If the market performs in the next 40 years in much the same way that is has in the last 40, the $10,000 that you’ve parked in a low-risk index fund that tracks the S&P will be worth more than $400,000 in 2061. That figure assumes a 10 percent gain every year—and every year’s interest compounds.

“Thanks to the magic of compounding, the earlier in your life you start investing in the market, the bigger your long-term gains can be,” Cramer said.

Watch Jim Cramer map it out here.

 

You May Also Like

SFMA Hosts Recognition of Excellence Ceremony on June 20

Attendees are encouraged to register.

Miami Swim Week Nears Highly-Anticipated Return

The event aims a global spotlight on fashion, culture, and sustainability.

Miami Swim Week
Renowned Broward County Business Leader, Susie Levan, Dies at 73

The wife of Alan Levan, Chairman of BBX Capital, Inc., left an indelible mark on the community.

Breaking News: Greater Fort Lauderdale Alliance’s Mid-Year Meeting Unveils Local Economic Insights

Over 600 members and guests attended the event at the Seminole Hard Rock Hotel & Casino in Hollywood.

Other Posts

How Can You Use Analytics To Acquire More Customers?

Marcelo Salup, CEO of Performist U.S., provides insight.

Fort Lauderdale International Film Festival Hosts Extravagant Kentucky Derby Event

Experience the annual horse race on a 30-foot screen.

South Florida Leaders Forge Alliance to Advance World Cup 2026 Plans

The collaboration includes four women mayors.

Hard Rock Live Presents On Your Feet! The Story of Emilio and Gloria Estefan

The Broadway musical production will have four shows starting April 11.

Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.