Stick with good companies even when facing short-term losses

CNBC’s Jim Cramer on Thursday said investors shouldn’t be treating their portfolios the same way that large hedge funds do. Instead of trading in and out of good companies, they should invest long term and be prepared for declines, he said.

“You need to think about these kinds of challenges before you buy any stock, and most certainly before you sell any stock,” Cramer said. “You don’t need to swap in and out of stocks constantly like a hedge fund manager, you just need to figure out which companies deserve your confidence and you stick with them.”

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