judging buy cramers record since he started his aa portfolio in 2002 you would have been better off putting your money in bonds or bank cd than listening to his advice. are you sure there isnt anyone better than him out there? compare this to cramers performance: Sharkfolio +32.26% ytd
the guy doesnt deal in bonds. What is the return compare to the SnP? That is a more relevent question. Imagine a world.... "BOOOOYAH!!!! Today I want you in GM 7.25% senior notes!!!"
you figure it out. in 2002 when cramer started his portfolio the spy had a low of 80. it is now 125 plus there was about 1.5% a year in dividends. cramers total return including dividends for the 4.5 years is about 15%. he is lagging the s&p bigtime. as of todays open: Jim Cramer's Action Alerts Plus - Performance Original Cost $ 3,166,534.00 Performance results listed here reflect values of stocks as of the close of the most recently completed trading day, and take into account dividends paid, interest earned and actual commissions paid. Results are updated overnight and posted prior to the market open the following business day. The YTD Return figures reflect changes since the first trading day of the current year. The Total Average Return figures reflect changes since 1/1/2002. Current Value $ 3,659,325.00 Total Average Return 15.58 % 2006 YTD Return -3.20 %
Jim Cramer has become an embarrassment http://www.marketwatch.com/News/Sto...50F-4B84-AF2D-057BA9467678}&siteid=mktw&dist=
AA = Alcoholics Anonymous Cramer is like a walking drunk on his show, flip flopping between his calls.
Can you give example of Cramer's wrong picks? I have noticed after hours stock prices go up as soon as he picks them!