Mad Money's Jim Cramer Loves RIT

Jim Cramer, host of CNBC's Mad Money, sheds praise on RIT prior to answering a student caller's question.

Jim Cramer: Let's go to Matthew in New York. Matthew.

Caller: Hey, Jim, a great big Rochester Institute of Technology boo-yah to you.

Jim: Oh, man, what a fabulous school! Good to have you on board.

Caller: Hey, I'm wondering about how I should start investing as a junior in college.

Jim: Well, you know, I think what you want to do, and I know this is antithetical to what people read in the books, but a junior in college, let's think about all of the years you have ahead of you to make a lot of paychecks, okay? A junior in college is someone who can take so much risk that you really want to I don't want to say roll the dice, because that sounds like gambling, but what you want to do is find growth stocks that could be big. Think about this in 1982 if you invested in home depot and Comcast, these were not blue chips. They weren't fly by night, but they were early growth stocks. Find yourself early growth stocks from five different sectors, biotech, technology, software, maybe hardware, maybe technology for oil and gas. Just get a couple of drug companies. Get a couple of great, great growth stocks, and then sit on them. And add to them as you get older because you can take a chance.

Category:

Education

Tags:

• RIT
• Mad
• Money
• Jim
• Cramer

[nmt6789]

I'm an ex RIT student.

[JamesGimbi]

Ew, RPI. What a depressing school (coming from an RIT student, that means something.

[Wildseps]

No, he meant RIT.

[nmt6789]

He probably confused it with RPI.

[timluns]

The time to stop this is now. Build something create something help some people ... what a better life!