He is very fun to watch. How are his stocks really doing? Has anyone taken a look at his entire portfolio of suggested stocks? Does he actually beat the market?
2007-07-20 00:57:47 · 7 answers · asked by InvisibleWar 2 in Business & Finance ➔ Investing
His picks have done very well for HIM. He buys stocks, then recommends them to his audience. You saps then buy the stocks pushing up the price and making his investments more profitable. That's why he is rich and has a TV show. He would not be able to tout his picks without his show, other than his occasional appearance on CNBC.
2007-07-21 03:37:04 · answer #1 · answered by BangkokBob 4 · 0⤊ 2⤋
There are some very clear rules that govern what Cramer (or any other commentator) can and cannot do.
Overall, his picks do well. The key (as Cramer himself says) is to do your own homework. He says 'Don't just buy because I recommend a stock."
Personally, I've done very well. Four stocks in particular, are up from 25-48%)
2007-07-22 20:27:12 · answer #2 · answered by ckm1956 7 · 0⤊ 0⤋
The key is never how many "wins" to how many "losers".
You can have only 40% winners and still be making good money. It's called money management. There are many traders that will tell you it's 80% of making money.
The #1 rule of trading;
Cut your loses quickly. Let your winners "ride".
As far as Jim Cramer is concerned... he gets some correct, he gets some wrong.
2007-07-20 08:58:52 · answer #3 · answered by Common Sense 7 · 0⤊ 1⤋
You can track Jim Cramer at MSN CAPS along with some other pretty good players...
http://msncaps.fool.com/ViewPlayer.aspx?t=01040000000000000024
Right now, his picks are ranked in the top 80% of all 35,000 players. Join in on the fun. It's free.
...
2007-07-20 08:12:37 · answer #4 · answered by SWH 6 · 1⤊ 1⤋
I had some BIG losses by following his advice when I first started out. I now watch the show for general knowledge and inspiration. I have done far better on my own.
2007-07-20 09:15:40 · answer #5 · answered by Anonymous · 0⤊ 0⤋
He is one the richest man in the United States of America with a fortune of over $100,000,000.00 USD.
2007-07-20 21:07:52 · answer #6 · answered by Anonymous · 0⤊ 1⤋
He's MUCH more show business and presentation than anything else. If he were an investor, he'd be making money rather than telling other folks how to make money. That's not what you'll hear from him of course.
2007-07-20 08:09:38 · answer #7 · answered by DelK 7 · 1⤊ 1⤋