CNBC’s Jim Cramer urged investors to look at their portfolios and take some gains on the stocks that have been on recent runs in this bull market.
“If you’ve got a huge gain, I’m begging you to take off something, just take it off the table a little bit, even as nobody wants to sell in this market because it’s so hot,” Cramer said on his Tuesday show. “As for me, though, I’m not willing to watch my winners turn into losers.”
Cramer is not down on the market itself but believes that now is a good time to take some profit.
“Bulls make money, bears make money, but hogs, they get slaughtered,” he said.
One strategy Cramer recommended is looking at some of your positions in companies that have had a stock pop. Sell off some, he said, and keep some if you are particularly bullish on the company’s future.
Cramer used this strategy in his charitable trust with Broadcom shares. He sold some even…
