In this segment, Jim takes 2-4 callers and asks them to submit five stocks that make up their largest positions in their portfolio.  He then comments on whether or not they are properly diversified.

Jim:     On this spectacular up 246-point we are doing a double header Am I Diversified, Mad Mail combo. There are just too many incredible thoughts from viewers today, and we are trying to squeeze everything in. When I tell you to own a stock, that doesn’t mean that you should throw all of your Easter eggs, because we are nothing but ecumenical on Mad Money, into one basket. Even if you are almost positive that it will go up… oh no, my friend, buddy, pal… I won’t have any of that… diversification is the only free lunch… and that is why we play "Am I Diversified?..."

Caller:     I want to know if I am diversified... Stocks are:
Agnico-Eagle Mines Ltd. (AEM), IBM (IBM), FirstMerit Corporation (FMER), Edison International (EIX), Boston Scientific Corp. (BSX)?

Jim:     Let’s see what we have got here… it is a little complicated… we have Agnico-Eagle, which is my favorite gold stock, although you know I like the GLD… Boston Scientific which is my speculative healthcare stock, the one in the single digits… FirstMerit, this is the controversial one, because this is a small regional that I think is going to take over the world… not unlike First Niagara the other day, I think you are going to be able to buy a lot of good branches… IBM, a technology company… Edison, I just read a real long presentation about EIX and about why it is the utility to own… a utility, a bank, a gold, a healthcare, a tech… yes, absolutely perfect… well done.


Verdict:   YES, Diversified.

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