I am curious if anyone has actually made money off of watching Jim Cramer's Mad Money show. If so, give me some details. I'd love to know if anyone has actually made money using his recommendations. He seems like just an entertainer to me and doesn't really provide any guidance.
2007-02-19 10:01:13 · 9 answers · asked by kosmoistheman 4 in Business & Finance ➔ Investing
I have made some money reading his books and listening to his show. I like him because he takes a lot of mystery out of investing for the common man. He gives me lots of investing ideas which are easy to find on the Internet, but covers why its a good investment right now. Keeps me posted on trends and things to watch for in learning the science of investing. I admit he's a hot dog. But he teaches the ins and outs of investment philosophy that I can't get anywhere else. The market changes daily. What a good investment today for me can change tomorrow He keeps me posted on events no other source can.
To me, its all about batting averages. Can't hit a home run all the time. I've taken some of his ideas and made 15% in a few months. Others, I have lost ground. But overall, my batting average is a higher return than the overall market.
Bottom line, he's a good source of info, but not the only one. Do your homework!!!!
He throws out a lot of info everyday, but he always professes to doing your homework. In other words, take his comments, research it and determine if its the right investment for you.
2007-02-19 11:02:21 · answer #1 · answered by philsky 2 · 0⤊ 0⤋
I've made a lot of money from watching and learning from Cramer.
(for example, 40% on Goldman Sachs over 6 months).
Unlike many financial "gurus", he tells people not to blindly follow his lead. What I like is that he talks in a language a non MBA can understand.
Using what I've learned, I've made more on my own than I have from Cramer's recommendations.
2007-02-19 13:10:46 · answer #2 · answered by ckm1956 7 · 0⤊ 0⤋
He is only good for ideas. After that you need to do your own homework.
He sure was right about ATI in 2006. However, TIE was still the best play in the industry with various competitive advantages. Cramer and thestreet.com introduced me to ZOLT and to SRE. Alot of his picks are absolute garbage. Like I said, get some ideas from him and go do your homework. Read the 10k's going years back and get a good understanding of an industry. It takes many hours. I spent about 1000+ hours studying the titanium industry in 2004. Best time ever spent reading. In recent months, I've been studying the natural gas industry. Much more to read.
2007-02-19 12:40:11 · answer #3 · answered by sirtitan45 4 · 0⤊ 0⤋
You can make money off of his reccomendations. The way to do it is to short his reccomended stocks as the people that are taking his advice buy the stock. Then cover your short after the spike has disappeared. The spike tends to only last about a day.
2007-02-19 10:47:06 · answer #4 · answered by Charles C 2 · 0⤊ 0⤋
I brought this one stock, then a few days later I heard he said that the stock is a good buy and it would not be wise for you to miss out on the stock so i held it... With in the next couple of days it went down, I hang onto the stock and it even went down further....
- So I guess just watch his show for entertainment purposes... thats my opinion...
2007-02-19 13:00:50 · answer #5 · answered by Rain L 5 · 0⤊ 0⤋
Crammer has good ideas, but get in early and get out quickly and don't get greedy. Learn to read the charts and candlesticks.
2007-02-19 14:54:10 · answer #6 · answered by sparky7139 2 · 0⤊ 0⤋
will u shut up about brits new hair cut mabe she depressed thats a real problem ok soo try to be more understanding ps yep i have
2007-02-19 10:49:48 · answer #7 · answered by caro72LiveLoveBHappiBCuriousXoXo 2 · 0⤊ 3⤋