He tells you what stocks you should buy!!!! should you trust him and spend your money????? is he trustworthy how are his reviews????
2007-01-13 06:57:02 · 14 answers · asked by anoopbrar 2 in Business & Finance ➔ Investing
Generally, when buying and selling stocks, the greatest values are found in buying at a good price BEFORE everyone else discovers their value, and selling BEFORE everyone else thinks it's time to sell.
The fact that a stock is now publicly identified as a good buy (or sell) should alert you to the fact that you are probably too late to make maximum gains.
The only people making real money from a BUY recommendation are the current owners of the stock as they sell to the new buyers.
If you are a long term investor and the stock meets your investment profile, pays dividends, is a profitable company, etc. then it may be a worthwhile investment (even better after the initial hoopla dies down).
2007-01-13 07:08:51 · answer #1 · answered by Anonymous · 1⤊ 1⤋
Cramer is entertaining and can give you some ideas, but he is not very discriminating with his stock choices. He needs to recommend so many stocks each week that he can't possibly win the best. Watch the show and listen to what he says, but do your own research and don't buy anything that you're not sure about.
2007-01-13 10:41:14 · answer #2 · answered by Anonymous · 0⤊ 1⤋
Have you ever heard the term "Cramerized?" That is when Cramer recommends a stock and then it tanks. Read a few message boards, you'll come to understand.
Definitely listen to Cramer, and others, they have wisdom to impart, but also do your own research.
2007-01-14 03:56:49 · answer #3 · answered by Sassygirlzmom 5 · 0⤊ 0⤋
Start learning about financial stuff. Good website to start is the Motley Fool
They have an excellent tutorial on investing. Read up on it. Study it. Learn as much as you can about it. Don't rely on somebody to tell you what to buy, even if they sound like they know what they're talking about. They get rich because of people like you! The more you know about the stocks, the better prepared you are to invest your money wisely.
2007-01-13 07:07:26 · answer #4 · answered by elljay 3 · 0⤊ 1⤋
When I started investing, I watched Cramer religiously and followed his advice -- and promptly lost money. Everytime he says "Buy" the stock plummets. In all his suggestions I followed, I lost money. I vowed never to listen to him again, and now avoid him like plaque.
I still watch Fast Money where I the format is more debate oriented so you get to listen to various opinions.
But most importantly, I studied how to evaluate stocks and do my own analysis. Now I just listen to these analysts to verify my research or to give me a different perspective on things -- but not to follow them.
I suggest you learn on your own how to look at stocks, study the sector well, understand the trends and trust your own instincts. I earned a lot from trusting my own instincts and my analysis
2007-01-13 07:28:26 · answer #5 · answered by imisidro 7 · 1⤊ 2⤋
Jim Cramer is an experienced former fund manager and a millionaire, so yes.
His book is selling like mad and his show on MSNBC is a top rated show.
He is only one person I listen too and I like him too but I listen to other opinions and read others too.
I bought 100 shares of Google (GOOG) on his advice when it was selling at $298 per share. Everyone said he was crazy when he said buy because they said it was over priced. I’m so glad I bought when I did because Google is now almost $500 per one share!
I also bought 500 shares of Level 3 Communications (LVLT) at $5.00 a share, guess what today it is almost $7.00 a share today!
His style is a little bit crazy on his show but it’s a TV show ! If you prefer you can read his advice on www.thestreet.com
2007-01-13 12:41:53 · answer #6 · answered by socaliguy 2 · 0⤊ 1⤋
I just watch his shows for FUN. I emphasize fun because you should never, and I mean never ever buy stocks based on his recommendation. His analysis is whatever that was on the top of his head. How reliable can that be?
2007-01-13 07:43:59 · answer #7 · answered by Vincent K 2 · 1⤊ 0⤋
In general, I don't buy anything that's hyped on TV and I don't like Cramer's methods, but you can't argue with his record, and frankly, I find myself recommending similar things quite often, using completely independent research, so he must be somewhat legit.
2007-01-13 07:09:31 · answer #8 · answered by Anonymous · 0⤊ 1⤋
I wouldn't buy anything that I don't totally understand and wouldn't put all my eggs in one basket no matter who refers them. If you build a portfolio with a decent mix of winners and losers, we will all be asking if it is a good idea to buy stocks that YOU suggest!!!
2007-01-13 07:02:31 · answer #9 · answered by Anonymous · 0⤊ 1⤋
for the most part, but do your own research. I would invest in most tech. stocks. with the world what it is now, this year is gonna be a big year for technology. it will be used in cars, homes, and many other places.
2007-01-13 07:05:48 · answer #10 · answered by Anonymous · 0⤊ 1⤋