CNBC’s Jim Cramer told investors they can learn about trendy stocks from their teenage children.
CNBC's Jim Cramer said investors can get tips from their teenage children who may have trendy insight their parents do not.
As teenagers, Cramer's daughters helped him identify stocks he feels are winners, such as Domino's and Apple.received some excellent investing advice from his daughters when they were teens. Teenagers may not be interested in stocks, he said, but they often have unique insight on popular trends before the go mainstream.. Beyond the company's food, they enjoyed its app.
"All of this technology was totally lost on me, though. I never minded the phone, was always patient about when the pizza would arrive, never cared about the interchange with the delivery person," Cramer said."In short, I was not like the target audience. That's why I started calling Domino's a tech company that sells pizza, although now, competitors can just outsource the tech side to DoorDash."products.
Cramer did acknowledge that teenagers' trends won't always be big winners on the stock market. But according to him, that's the cost of learning, and teens have their whole lives ahead of them to make money back if their pick turns out to be a loser. "Eventually, your kids will age out of the key demographic," he said."However, if you pay attention to their likes and dislikes, you could net yourself decades worth of good stock picks. But once they reach a certain age, you need to pray for grandchildren if you want the freshest ideas."
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