Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Jim Cramer's stock picks trail market
Old 05-13-2016, 02:39 PM   #1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,117
Jim Cramer's stock picks trail market

I'm shocked, shocked I tell you...

Jim Cramer doesn't beat the market - MarketWatch
Attached Images
File Type: jpg Cramer.JPG (44.9 KB, 60 views)
__________________

__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo 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 05-13-2016, 02:42 PM   #2
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,905
Yeah, but just wait until the market takes a sharp and lasting downturn. People will be hanging on Cramer's every word, as though he had inside information on what to do and when.
__________________

__________________
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 05-13-2016, 02:46 PM   #3
Recycles dryer sheets
 
Join Date: Oct 2010
Posts: 229
I really don't understand why anybody pays any attention to Jim Cramer.


Well, Bear Stearns was sold, so not completely off.
__________________
jimbee is offline   Reply With Quote
Old 05-13-2016, 02:48 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
braumeister's Avatar
 
Join Date: Feb 2010
Location: Northern Kentucky
Posts: 8,610
Still, he did well during the last bull market ...

Quote:
In 1987, Jim Cramer took his knowledge of the stock market and started his own hedge fund company, Cramer & Co. Cramer ran his fund from 1987 to 2000 and had only one year of negative returns. He eventually retired from his hedge fund in 2001, posting an overall annual average return of 24% from 1987 to 2001

...

ďIíve lost tremendous amounts of money in various markets and I think that thatís something that makes you better at my job, not worse.Ē
www.investopedia.com
__________________
braumeister is offline   Reply With Quote
Old 05-13-2016, 03:32 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 16,446
Quote:
Originally Posted by braumeister View Post
Still, he did well during the last bull market ...



www.investopedia.com
The "last" bull market is the current bull market... 2008 to now... it seems like Cramer has lost his touch.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
pb4uski is offline   Reply With Quote
Old 05-13-2016, 03:43 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,431
Why don't we arbitrage this info?

Short Cramer's picks, and go long the rest of the market the same dollar amount. Sure gain, no?
__________________
"Old age is the most unexpected of all things that can happen to a man" -- Leon Trotsky
NW-Bound is offline   Reply With Quote
Old 05-13-2016, 04:18 PM   #7
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 7,166
I remember when he loved Linn Energy and was in North Dakota touting Continental Resources wearing a hard hat. There were others he pushed on his show....
__________________
......."Everybody has a plan until they get punched in the face." -- philosopher Mike Tyson.
aja8888 is offline   Reply With Quote
Old 05-13-2016, 04:21 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
braumeister's Avatar
 
Join Date: Feb 2010
Location: Northern Kentucky
Posts: 8,610
Quote:
Originally Posted by pb4uski View Post
The "last" bull market is the current bull market... 2008 to now... it seems like Cramer has lost his touch.
I'm pretty sure that 1987-2000 was considered a bull market on its own, which is what I meant.
__________________
braumeister is offline   Reply With Quote
Old 05-13-2016, 04:23 PM   #9
Thinks s/he gets paid by the post
 
Join Date: Feb 2014
Posts: 1,050
I am waiting for the 3x inverse Cramer ETF.
__________________
jim584672 is offline   Reply With Quote
Old 05-13-2016, 08:26 PM   #10
gone traveling
 
Join Date: Oct 2007
Posts: 1,135
Off topic a little ....

Not many of the financial heads out there made their money investing. Most made their cash by selling...investment books.

Suze Orman was bankrupt
Jim Cramer was bankrupt
Dave Ramsey was bankrupt
Kiyosaki's company went bankrupt

Does anyone REALLY trust these supposed gurus? There's something deeply unethical about bankruptcy in my mind. Kinda like a cheating spouse. Sure you can forgive but few can totally forget ...
__________________
papadad111 is offline   Reply With Quote
Old 05-13-2016, 09:07 PM   #11
Thinks s/he gets paid by the post
Senator's Avatar
 
Join Date: Feb 2014
Location: Eagan, MN
Posts: 3,055
Not surprising. Most money managers can't beat the market. Jim Cramer is no different.
__________________
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
Senator is offline   Reply With Quote
Old 05-14-2016, 09:23 AM   #12
Thinks s/he gets paid by the post
DrRoy's Avatar
 
Join Date: Dec 2015
Location: Michigan
Posts: 1,723
I have at times found Cramer interesting to listen to, but I have never put money into any of his picks.
__________________
"The mountains are calling, and I must go." John Muir
DrRoy is offline   Reply With Quote
Old 05-14-2016, 09:31 AM   #13
Thinks s/he gets paid by the post
 
Join Date: May 2014
Location: Utrecht
Posts: 2,213
Bill Ackman blew up his first fund, Gotham Partners. Mostly because he doubled down on one big investment.

It looks like he managed to do that again with his new fund.
__________________
Totoro is offline   Reply With Quote
Old 05-14-2016, 09:31 AM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Mulligan's Avatar
 
Join Date: May 2009
Posts: 7,381
Quote:
Originally Posted by DrRoy View Post
I have at times found Cramer interesting to listen to, but I have never put money into any of his picks.


I watch him several times a week for one reason. He truly enjoys his job and lives and breathes it, so I enjoy his passion. I was never able to accomplish that. Once my career as a professional baseball player ended before it ever began I have waited for retirement.
__________________
Mulligan is offline   Reply With Quote
Old 05-14-2016, 09:34 AM   #15
Thinks s/he gets paid by the post
 
Join Date: Feb 2008
Location: Indialantic FL
Posts: 1,199
Quote:
Originally Posted by DrRoy View Post
I have at times found Cramer interesting to listen to, but I have never put money into any of his picks.
He is entertaining. He at least tells people to wait for a pull back before buying. I like listening to his line of reasoning about general market conditions and the lightening round. I like to hear what other investors are thinking. I have looked at some of the stocks he likes, but never bought anything based on his show.
__________________
JimnJana
"The four most dangerous words in investing are 'This time it's different.'" - Sir John Templeton
jimnjana is offline   Reply With Quote
Old 05-14-2016, 09:38 AM   #16
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Gone4Good's Avatar
 
Join Date: Sep 2005
Posts: 5,381
Quote:
Originally Posted by braumeister View Post
Still, he did well during the last bull market ...
Perhaps.

But one wonders why someone with that kind of talent would give up the chance to become a billionaire hedge fund manager to be a millionaire T.V. personality instead.
__________________
Retired early, traveling perpetually.
Gone4Good is offline   Reply With Quote
Old 05-14-2016, 09:38 AM   #17
Thinks s/he gets paid by the post
Ready's Avatar
 
Join Date: Mar 2013
Location: Southern California
Posts: 1,826
I don't find him particularly entertaining. More annoying than entertaining.
__________________
Ready is offline   Reply With Quote
Old 05-14-2016, 09:50 AM   #18
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,905
Quote:
Originally Posted by papadad111 View Post
Does anyone REALLY trust these supposed gurus?
Unfortunately, yes, although they are less likely to admit it during a bull market.

I remember back in 2008-2009, when the market crash was freaking out the forum - - several forum members were hanging on Cramer's every word, quoting him, and actually using his shows as an investment guide. He's not someone that I would trust with my money.
__________________
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 05-14-2016, 09:53 AM   #19
Administrator
Gumby's Avatar
 
Join Date: Apr 2006
Posts: 10,147
Quote:
Originally Posted by papadad111 View Post
Off topic a little ....

Not many of the financial heads out there made their money investing. Most made their cash by selling...investment books.

Suze Orman was bankrupt
Jim Cramer was bankrupt
Dave Ramsey was bankrupt
Kiyosaki's company went bankrupt

Does anyone REALLY trust these supposed gurus? There's something deeply unethical about bankruptcy in my mind. Kinda like a cheating spouse. Sure you can forgive but few can totally forget ...
I represented creditors in bankruptcy court for many years. There are sound reasons why we allow individuals to get a fresh start and businesses to reorganize in bankruptcy. With respect to individuals, who would ever take an entrepreneurial risk if the downside is that they are forced to be indentured servants to their creditors should the risk not pan out? We gave up the idea of debtor's prisons long ago. And for businesses, many of them are not bad businesses per se, but their current finances are bad. By allowing reorganization and recapitalization, instead of insisting on liquidation, we keep businesses alive to make useful products, employ people and pay taxes. The benefits of bankruptcy were recognized by the Founders, which is why it is in the Constitution. (Article I, Section 8, clause 4). Would could debate other variations on the theme that it is not a matter of personal morality, it's just business. But as you noted, that would be a digression from the thread.
__________________
Living an analog life in the Digital Age.
Gumby is offline   Reply With Quote
Old 05-14-2016, 10:28 AM   #20
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Mulligan's Avatar
 
Join Date: May 2009
Posts: 7,381
Quote:
Originally Posted by Gumby View Post
I represented creditors in bankruptcy court for many years. There are sound reasons why we allow individuals to get a fresh start and businesses to reorganize in bankruptcy. With respect to individuals, who would ever take an entrepreneurial risk if the downside is that they are forced to be indentured servants to their creditors should the risk not pan out? We gave up the idea of debtor's prisons long ago. And for businesses, many of them are not bad businesses per se, but their current finances are bad. By allowing reorganization and recapitalization, instead of insisting on liquidation, we keep businesses alive to make useful products, employ people and pay taxes. The benefits of bankruptcy were recognized by the Founders, which is why it is in the Constitution. (Article I, Section 8, clause 4). Would could debate other variations on the theme that it is not a matter of personal morality, it's just business. But as you noted, that would be a digression from the thread.


Well since you continued it....And I know you didnt mention it but Papa did... I never have heard of Jim Cramer personally going bankrupt. I did a cursory look on net and didn't find it.
It appeared for a long time he was a very successful hedge fund manager. Probably a very stressful job... He is just doing the John Madden thing. Moving from the field up to the booth in a less stressful talking head job. Who can blame him.
__________________

__________________
Mulligan 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
Jim Cramer meltdown - hilarious!!! wildcat Other topics 38 08-25-2007 04:56 AM
Jim Cramer wildcat Other topics 12 05-07-2005 08:35 AM

 

 
All times are GMT -6. The time now is 01:54 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.