3rd Party Guidance for Picking Stocks - Does anyone go by CNBC and Jim Cramer in the AM show?

Ok, the baby back ribs came out fine.
Around 175° internal which is fine for pork.
I don't need 203° for falling off the bone tender; I have actual teeth...
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I did take Cramers advice some years ago and invest in his favorite steel company - Nucor. They have a long business cycle, but did pay off.
 
Not Cramer - but I did follow along with Bill Ackman during Covid, and had a good year, up over 35% by just reading what he was doing on the broad market.
 
Steve P said:
Wondering if anyone listens to the CNBC AM show with Jim Cramer and follows that guidance? I have talked with my financial advisor many times and have studied fundamental analysis techniques, technical analysis, looking at lots of statistical data, etc. Even though I'm fairly educated in this space, I still don't think I can outperform sharp fund managers. I've often relied on Morningstar, recommendations thru Fidelity, Schwab, Morgan Stanley, etc. I have recently also dabbled what CNBC was touting and its paying off (one can argue everything is doing well). Again, is anyone really taking CNBC guidance and running with it? How's it working for you?
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My experience with Jim Cramer is that his only expertise in being loud. He made his Fame during the tech stock surge in the late '90s when you could pick anything and it would go up. I remember sometime in 2002 or 2003 going to the doctor and they had a bunch of financial magazines with an article from him in it with stocks you must own at any price and it was the five or six stocks that took a beating before I read that article I know people love to pick stocks but you just can't be holding the s&p 500 for 20 years or longer almost nothing beats it and it's only stuff that just happened to hit the right spot at the right time like Peter Lynch's Magellan fund and I forget the guy who ran it but he had a tech stock fund that had nine years of beating the s&p 500 and then it went down the drain Peter Lynch started thrash trading when his pics weren't doing so well. Nords called years ago invest like you're immortal.
 
ransil said:
I don't take financial advice from old people that are still working
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LOL I forget who used to say it on the form here but I think they wrote a book and one of their favorite catch lines is why these guys on TV and writing newsletters instead of sitting on their yachts? First thing you should do with the stock picker is find out where they live and pull up Google Street view to see what kind of Little shack they're living in and what kind of car they're driving. If it's a Toyota Camry in a 2000 square foot split level ranch, buy an index or a good fund. If you like stock pickers I've always liked vanguards Wellington and Wellesley funds you can hold both of those in different ratios I have a 50/50 split in one of my IRA accounts. I've Loved holding dvy for the past 20 some odd years. Financial companies tobacco companies booze company's electric companies other utilities and so on and so forth basically about a 3% yield and lots of capital appreciation to go with it. The other option that I've used very successfully is to pay off my house and consider that to be a bond paying whatever the mortgage rates are and then invest everything else in the s&p 500 foot to the floor pedal to the metal. Keep two or three years expenses in cash or a high yield fund vanguard's got a new high yield fund that I moved by 100,000 or so and ready cash in I forget the name but I think it's paying three and three quarter percent which is about a mortgage rate. One of the other benefits to paying off all your stuff including mortgages is that you have a very low dollar withdrawal rate and like me you may qualify for lots of low income programs. I get cheaper electric rates cheaper water and sewer rates and a free pass to go to the California state park so the discontinued that a couple of years ago apparently the couple of dozen people that applied for it were costing them too much money. Between driving old cars my last two were a 2005 Honda pilot and a 2012 Scion xB. Wear t-shirts and shorts and as my insurance agent said you don't look like you have enough money to sue or to pay a fine 😂
 
I'm actually surprised that Cramer is still around. Most of these types of shows have a run of a decade or less. I've always thought of him as the Emeril Lagasse of investing. BAM! Buy this stock now!
 
Palmtree said:
I'm actually surprised that Cramer is still around. Most of these types of shows have a run of a decade or less. I've always thought of him as the Emeril Lagasse of investing. BAM! Buy this stock now!
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I love Emeril he still shows up on some cooking shows now and again. Fall River Massachusetts guy big Portuguese community there I used to drive down there from Boston to swim in the water cuz I was on the southern side of Cape cod and the water was a lot warmer. For a while I don't know if it's still the case the only place where somebody get killed by a great white shark. I was down there swimming one day about 3 or 400 yards out in the water facing the beach and a seal came up and hit me right in the back between the shoulder blades. I stood up and walked on the water screaming like a little girl all the way back to the beach.
 
Killer by a great white shark in Massachusetts I should have said. I used to be a swim instructor in a camp counselor and I was in that water in Cape cod Bay all day every day through the summer they told us there are no big sharks here only way out in the ocean. Now because of conservation creating more sandbars allowing more seals and sea lions to hang around in the area it's a great white shark conservancy area.doh!
 
cute fuzzy bunny said:
LOL I forget who used to say it on the form here but I think they wrote a book and one of their favorite catch lines is why these guys on TV and writing newsletters instead of sitting on their yachts? First thing you should do with the stock picker is find out where they live and pull up Google Street view to see what kind of Little shack they're living in and what kind of car they're driving. If it's a Toyota Camry in a 2000 square foot split level ranch, buy an index or a good fund. If you like stock pickers I've always liked vanguards Wellington and Wellesley funds you can hold both of those in different ratios I have a 50/50 split in one of my IRA accounts. I've Loved holding dvy for the past 20 some odd years. Financial companies tobacco companies booze company's electric companies other utilities and so on and so forth basically about a 3% yield and lots of capital appreciation to go with it. The other option that I've used very successfully is to pay off my house and consider that to be a bond paying whatever the mortgage rates are and then invest everything else in the s&p 500 foot to the floor pedal to the metal. Keep two or three years expenses in cash or a high yield fund vanguard's got a new high yield fund that I moved by 100,000 or so and ready cash in I forget the name but I think it's paying three and three quarter percent which is about a mortgage rate. One of the other benefits to paying off all your stuff including mortgages is that you have a very low dollar withdrawal rate and like me you may qualify for lots of low income programs. I get cheaper electric rates cheaper water and sewer rates and a free pass to go to the California state park so the discontinued that a couple of years ago apparently the couple of dozen people that applied for it were costing them too much money. Between driving old cars my last two were a 2005 Honda pilot and a 2012 Scion xB. Wear t-shirts and shorts and as my insurance agent said you don't look like you have enough money to sue or to pay a fine 😂
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Yeah, the favorite of my two cars is my 2000 Buick LeSabre. The bubbling paint on the hood is the crowning touch to ward off the folks who might otherwise think about suing me. Heh, heh, "Take my car... Please!"
 
I always have CNBC on in the background while consuming my morning coffee and checking on-line forums. Enjoy the interviews and like Becky Quick for her intelligence and the balance she gives to the show. At 9AM when Cramer comes on, the channel changes. I'm just not a fan of loud and obnoxious people, especially early in the morning. His late show is pure clownish financial entertainment, that I also choose to pass on. YMMV.
 
FWIW, Cramer, NO! Booyah!

CNBC, with a HUGE grain of salt as their goal is to fill programming space between commercials. That said, I listen, research and then ignore a lot of what's said by the "experts" on there. But occasionally, out of all the noise comes something that becomes an action. They really lost me when Tom Lee was on regularly hyping Bitcoin. As FYI, he's stated earlier this year, and he's still out there with claims of Bitcoin hitting $250,000 by year end (so load up now - LMAO). And soon CNBC was leading the charge as well, definitely not analysis but chasing whatever story generated the most viewers.

That said.... there's a difference between getting an idea vs treating these TV personalities as portfolio managers. I have found more valuable information posted here.
 
Honestly I would probably go to WallStreetBets before I followed a Cramer recommendation. Would probably make more money as well. I think someone did a analysis of the top 10 recommended stocks on WSB and got a 49% return on investment, even counting the losers. They are lucky in chip stocks though over the past year.
 
Best to avoid all advices. If you want to beat the market then you have to find undervalued securities that market haven't found yet and be willing to stick with them (and feel "wrong") for a very long time. IMHO practicing such fundamental analysis has become increasingly harder in the last few decades, first with the internet and now with AI. I tried to beat the market when I was young, couldn't do it, so I went back to index investing. YMMV.

PS: Think about it: if you are talented/good at finding truly great stock picks then would you invest your own money, start an investment partnership or sell the advice to others for a few (thousand) dollars?
 
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pjigar said:
Best to avoid all advices. If you want to beat the market then you have to find undervalued securities that market haven't found yet and be willing to stick with them (and feel "wrong") for a very long time. IMHO practicing such fundamental analysis has become increasingly harder in the last few decades, first with the internet and now with AI. I tried to beat the market when I was young, couldn't do it, so I went back to index investing. YMMV.

PS: Think about it: if you are talented/good at finding truly great stock picks then would you invest your own money, start an investment partnership or sell the advice to others for a few (thousand) dollars?
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I forget who said that on here but my favorite answer is if they're so good at picking stocks where are their yachts?
 
Not sure how he did (Cramer) but from what I read he was a manager and made a lot of money...

He has a charitable trust that he still manages..

AND he does sell his advice!!!

I watch him in the morning a bit here and there along with a few other news shows... but I do not trade any on his advice... he is entertaining and he has a vast amount of knowledge of many firms...
 
No way. Mad Money is mostly for entertainment purposes.

Back in his hedge fund days he was heavily involved with a group of publicists/researchers who would collaborate and put out bad press while having short positions.
 
Interesting how Cramer is CNBC's "star", same as Stephen A. Smith is ESPN's "star".

These clowns are paid millions, and never met a fan of either one.
 
Texas Proud said:
Not sure how he did (Cramer) but from what I read he was a manager and made a lot of money...

He has a charitable trust that he still manages..

AND he does sell his advice!!!

I watch him in the morning a bit here and there along with a few other news shows... but I do not trade any on his advice... he is entertaining and he has a vast amount of knowledge of many firms...
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During the internet tech stock boom in the late 90s you could pick any stock you wanted and it was going to go up and that's that's what he did. His internet advice company if it was the street.com had a big IPO and everybody thought he was a genius. A bunch of monkeys with typewriters back then could be geniuses picking stocks.
 
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Jim Cramer made a lot of money shorting Apple stock for many years before Y2K. He didn’t become an Apple investor until years later.
 
Did a quick search and it said..

His hedge fund had a return of 24% compounded.. not sure what the market did...

He is being paid $5 mill a year at CNBC... not sure how much he did getting with the club selling his advice..

I put him in with Suzy... and maybe Ramsey in a way...
 
Texas Proud said:
Did a quick search and it said..

His hedge fund had a return of 24% compounded.. not sure what the market did...

He is being paid $5 mill a year at CNBC... not sure how much he did getting with the club selling his advice..

I put him in with Suzy... and maybe Ramsey in a way...
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Is that good, bad or indifferent? I'm not a Suzy fan for sure. Can't argue with $5 mil, I guess. But imagine his tax bill! :facepalm:
 
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