Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
what is your opinion of mad money?
Old 03-12-2011, 08:03 AM   #1
Full time employment: Posting here.
 
Join Date: Jan 2010
Location: dubuque
Posts: 618
what is your opinion of mad money?

I live in the midwest and some of the people I know watch the mad money show on cnbc. I was wondering what your opinion was of the show and his financial advice?
__________________

__________________
frank is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-12-2011, 08:16 AM   #2
Thinks s/he gets paid by the post
grumpy's Avatar
 
Join Date: Jul 2004
Posts: 1,321
No comment on the financial advice 'cause I can't stand to watch. Cramer's voice affects me like Dick Vitale's. At least with basketball games I can just turn down the sound.
__________________

__________________
...you can check out any time you like, but you can never leave...
grumpy is offline   Reply With Quote
Old 03-12-2011, 08:20 AM   #3
Confused about dryer sheets
 
Join Date: Nov 2007
Posts: 4
You can see the results of his previous advice here...

TrackJimCramer's Stock Picks

According to the above about 45% of his picks are correct.

He's picked so many thousands of stocks in the past, he's probably done something on most of the listed stocks out there. He would be getting 50% if he just made a random up/down pick on all of them.
__________________
niknah is offline   Reply With Quote
Old 03-12-2011, 09:10 AM   #4
Moderator
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas
Posts: 15,612
Quote:
Originally Posted by niknah View Post
According to the above about 45% of his picks are correct.
Sounds horrible. But in reality, traders don't need to be right half the time to make money. It's not something I really recommend (much less do), but if one has a strategy to let their winners run, using trailing stops to protect much of the gains, and put stop losses on the losers to prevent them from going really toxic, you can make money even you're only right, say, 40% of the time. The key is that your winners have to gain more than your losers lose.

Having said that, Cramer really needs to put down the Red Bull and walk away from it.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
ziggy29 is offline   Reply With Quote
Old 03-12-2011, 09:19 AM   #5
Thinks s/he gets paid by the post
Onward's Avatar
 
Join Date: Jul 2009
Posts: 1,664
Fun show. Dangerous advice. Tie yourself to the mast before indulging.
__________________
And if I claim to be a wise man, it surely means that I don't know.
Onward is offline   Reply With Quote
Old 03-12-2011, 09:20 AM   #6
gone traveling
 
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
Quote:
Originally Posted by frank View Post
I was wondering what your opinion was of the show and his financial advice?
I also believe in Santa Claus, the Easter Bunny, and other such myths (what does that tell you )...
__________________
rescueme is offline   Reply With Quote
Old 03-12-2011, 11:27 AM   #7
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,841
Quote:
Originally Posted by frank View Post
I live in the midwest and some of the people I know watch the mad money show on cnbc. I was wondering what your opinion was of the show and his financial advice?
The show is great entertainment. I watch it sometimes. Cramer is an appealing and engaging personality.

However, I would never, ever suggest following his financial advice. So, if you find yourself thinking of actually acting on what he says, I'd suggest changing the channel and never watching him again.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is online now   Reply With Quote
Old 03-12-2011, 11:40 AM   #8
Moderator Emeritus
Bestwifeever's Avatar
 
Join Date: Sep 2007
Posts: 16,373
He's screaming all the way to the bank. I wonder if he'd have a show if he had the same content without the schtick, because it's really the content that would be important.
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
Bestwifeever is offline   Reply With Quote
Old 03-12-2011, 12:03 PM   #9
Thinks s/he gets paid by the post
obgyn65's Avatar
 
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
I have never watched this show.
__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
obgyn65 is offline   Reply With Quote
Old 03-12-2011, 12:07 PM   #10
Thinks s/he gets paid by the post
 
Join Date: Jul 2010
Location: Chicago
Posts: 1,001
I thought he was a nutjob before I really watched his show. Then decided to give it a try. One thing he does is invite a lot of CEO's onto his show and I think this part really helps. He also gives recommendations on some IPO's which is hard to get. He also admits when he makes mistakes, which a lot of critics claim he doesn't do. I've followed a few of his tips and he's been a bit backer of Apple stock and he's been doing well on that one. He also has good dividend generating stocks that he recommends. If you try out his newsletter (you have to pay for it, 30 day free trial), you'll notice his show isn't tied too heavily to it, since you're not paying a premium for the TV show. I still download the show to watch it, but like he always recommends, you still need to do your own homework. I'm sue there's plenty of people that just buy on his word w/o doing any homework at all.
__________________
Dimsumkid is offline   Reply With Quote
Old 03-12-2011, 12:24 PM   #11
Thinks s/he gets paid by the post
 
Join Date: Jul 2010
Location: Chicago
Posts: 1,001
Quote:
Originally Posted by haha View Post
at least Dick Vitale dresses up in women's panties. Can we say that about Cramer?

Ha
Not sure about panties, but he has been known to wear other crazy outfits on his show.
__________________
Dimsumkid is offline   Reply With Quote
Old 03-12-2011, 01:36 PM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,382
Quote:
Originally Posted by Dimsumkid View Post
Not sure about panties, but he has been known to wear other crazy outfits on his show.
Whoops, my memory was bad. That was Marv Albert, another voice of basketball.

Marv Albert - Wikipedia, the free encyclopedia
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Old 03-12-2011, 01:37 PM   #13
Thinks s/he gets paid by the post
 
Join Date: Mar 2007
Posts: 3,323
However, Cramer does have a pretty impressive track record when you read his background--despite the recent "disappointments" from him.
But, like everyone else almost, his screaming and antics actually wear me down just listening to him. I have too good of hearing, and he actually stresses me out.
My son, however, who has hearing deficits loves him. Maybe it's just a matter of how good your hearing is = your ability to listen to his song and dance?
__________________
Please consider adopting a rescue animal. So very many need a furr-ever home and someone to love them! And if we all spay/neuter our pets there won't be an overpopulation to put to death.
Orchidflower is offline   Reply With Quote
Old 03-12-2011, 01:46 PM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
 
Join Date: Mar 2005
Location: Chicago
Posts: 9,965
Quote:
Originally Posted by frank View Post
I live in the midwest and some of the people I know watch the mad money show on cnbc. I was wondering what your opinion was of the show and his financial advice?
Entertaining to watch from time to time. I probably tune in, oh, maybe 1.5 hours per week in the winter. Much less during the midwest "outdoor seasons."
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet is offline   Reply With Quote
Old 03-12-2011, 01:53 PM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Dawg52's Avatar
 
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 7,434
I can't watch him.
__________________
Retired 3/31/2007@52
Full time wuss.......
Dawg52 is offline   Reply With Quote
Old 03-12-2011, 04:00 PM   #16
Recycles dryer sheets
ladypatriot's Avatar
 
Join Date: Jun 2008
Posts: 121
I can't watch Jim Cramer. He's a buffoon. The only show on CNBC worth watching is Squawk Box, starting at 6:00 a.m. They've usually got some really interesting guests, and I enjoy the trio of Becky, Carl and Joe.
__________________
ladypatriot is offline   Reply With Quote
Old 03-12-2011, 09:17 PM   #17
Thinks s/he gets paid by the post
steelyman's Avatar
 
Join Date: Feb 2011
Location: Triangle
Posts: 3,218
One piece of value that can be gotten from "Mad Money" is a hint as to what many small investors may do in the near-term. A mention of a stock by Cramer generally causes some short-term activity in it. But I've learned not to invest in what he recommends unless I follow its movement for a long time (where long is measured in many months). It seems to me that investing in individual stocks is mostly a matter of patience, not frantic trading.
__________________
steelyman is offline   Reply With Quote
Old 03-13-2011, 12:42 AM   #18
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
 
Join Date: Mar 2005
Location: Chicago
Posts: 9,965
Quote:
Originally Posted by steelyman View Post
A mention of a stock by Cramer generally causes some short-term activity in it. But I've learned not to invest in what he recommends unless I follow its movement for a long time.
I don't invest in anything recommended by anybody, not just Cramer, without following and researching the investment myself.
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet is offline   Reply With Quote
Old 03-13-2011, 07:44 AM   #19
Dryer sheet aficionado
Sconie's Avatar
 
Join Date: Mar 2010
Location: Wisconsin
Posts: 31
It is purely entertainment---NOT investment advice to be taken by someone who is serious about managing their money.
__________________
Sconie is offline   Reply With Quote
Old 03-13-2011, 10:43 AM   #20
Thinks s/he gets paid by the post
 
Join Date: Feb 2008
Location: Indialantic FL
Posts: 1,196
Fun Show. Never knowingly bought any of his recommendations. I like his advice on taking small positions (averaging in) and out of stocks and on taking profits. I like to listen to his ideas and see whether or not they hold water in my view. I think he does a great job of entertainment, every once in a while he hits a home run. I especially liked his CEO wall of shame bit he did last year.
__________________

__________________
JimnJana
"The four most dangerous words in investing are 'This time it's different.'" - Sir John Templeton
jimnjana is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
The mad piper passes. clifp Other topics 1 08-24-2010 09:41 PM
Mad Money Spending Rustic23 FIRE and Money 34 02-08-2010 10:32 AM
7-11 clerk mad that nobody notices his brilliance cute fuzzy bunny Other topics 19 05-16-2006 10:06 AM
Anybody ever watch Cramer's Mad Money? riskadverse FIRE and Money 19 07-11-2005 10:41 PM

 

 
All times are GMT -6. The time now is 04:10 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.