Nordic American Tanker (NAT) was his first pick for the portfolio. He said that since oil futures are higher than they are today, big oil uses tankers to store oil while it waits for better prices. The resulting tanker shortage means higher rates for Nordic American. The company also yields 9.4%

Next up was Verizon (VZ). The company recently boosted its dividend 7% and is showing strength in both wireless and FiOS TV and internet services.

Great Plains Energy (GXP) is Cramer's his utility for the portfolio. He said the company should be able to raise rates in 2009 and is at the end of its capital expenditure projects.

Master limited partnership Kinder Morgan Partners (KMP) was next on Cramer's list. Cramer said that investors need not to worry about the price of oil and gas and that Kinder Morgan is set to deliver a great dividend yield for 2009.

Bristol-Myers (BMY), which he also owns for his Action Alerts PLUS portfolio, rounded out his list. The company recently reported sales up 15% and Cramer said he's confident the drug maker will find new drugs to make up for others coming off patent in the coming years. With $7.5 billion in cash and equivalents on the balance sheet, Cramer said Bristol-Myers is one of the most shareholder friendly companies around.