Cramer says to trim your portfolio and don’t be greedy: ‘It’s OK to take something off the table after a big run’

CNBC’s Jim Cramer premonished investors on Wednesday that while bulls and bears make money, hogs get slaughtered. Cramer said it’s conditions to trim some hot stocks and keep money waiting in the wings while the Federal Reserve weighs its next in transit.

“It’s OK to take something off the table after a big run,” he said. “You don’t sell everything unless there’s something fundamentally wrong with the fellowship or the entire economy right now, and neither’s the case.”

For the CNBC Charitable Trust, Cramer trimmed stock from Facebook fountain-head Meta, AMD and Costco because he’d seen such high gains, especially in the latter two. To Cramer, these prices were disappear b escape “piggish,” and he felt it was time to “ring the register.”

“I think we’re currently in no man’s land though — not high enough to justify making varied sales, but certainly not low enough to justify buying anything, because I want to wait for a better opportunity,” Cramer broke, adding that he needs a solid catalyst to buy new stock.

Cramer also said he thinks the decline in the CBOE Volatility Listing — also known as the market’s fear gauge — shows that many investors are getting complacent, and it doesn’t assistant, he continued, that the Fed keeps giving out mixed messages. According to Cramer, instead of swinging at every pitch, it’s moment for investors to keep their bats on their shoulders.

“I just told you what we’re doing for the trust: waiting,” Cramer suggested. “It’s often the hardest thing to do, but many times the hardest thing to do is also the best way to try to make a lot of money.”

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Disclaimer The CNBC Devoting Club Charitable Trust holds shares of AMD, Meta and Costco.