You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
CNBC - Cramer's Mad Money
- Thread starter LaSalle
- Start date
Of course, that's the way it goes until Cramer's ready-to-be-educated viewers and listeners learn the hard way to do their own homework following his personal prescriptions. And, the "you gotta a good tip?" types are predictably going to knee-jerk jump into a play, anyway.Quote from keyser1:
This is what bothers me...He's causing alot of his not-so-educated listeners to over-trade based on what he says....
But then, he often admonishes all to do their stock and sector-specific homework, and that point is also most likely lawyer-listed on the CNBC caveat page scrolling down the screen as each show opens.
Tone? In a written dialogue? In any event, if you want an objective opinion on Cramer vis a vis your fathers portfolio based on his (JC's) picks (or to be able to effectively promote your own opinion), one would have to know precisely how closely the exact process of following those picks was implemented.Quote from sprstpd:
Your tone makes you come off as ridiculing what I am saying and also ridiculing my father's intellect (i.e., only lesser investors would not save cash for further purchases in a portfolio).
Your father can't be ridiculed because he is not the one claiming "Cramer done him wrong." In a nutshell, you claim Cramer's advice sucks but haven't demonstrated how you arrived at that conclusion; it wasn't even your account. Now, if you said, "My Dad bought and sold in exact lock step with Cramer's buy/sell advice and lost his ass..." then one could form an opinion. "My Dad lost on Cramer's AA Plus..." simply doesn't tell us enough.
Quote from max401:
Tone? In a written dialogue?
Your father can't be ridiculed because he is not the one claiming "Cramer done him wrong." In a nutshell, you claim Cramer's advice sucks but haven't demonstrated how you arrived at that conclusion; it wasn't even your account. Now, if you said, "My Dad bought and sold in exact lock step with Cramer's buy/sell advice and lost his ass..." then one could form an opinion. "My Dad lost on Cramer's AA Plus..." simply doesn't tell us enough.
So you are implying that you are ridiculing me. Certainly I can tell by what you have written and the way in which you wrote it that I am almost certain I dislike you.
I traded in a portion of my father's account at the time so I saw his account totals everyday. He bought and sold everytime Cramer bought and sold in his account, in proportion to his account size (that is why the starting total of Cramer's portfolio is important - to get the proportionality right). It seems like the only thing that will satisfy you are audited results.
thats not 15% annual return since 2002 thats 16.1 total return.Total Average Return 16.19 % The TotalQuote from KevinK:
You people are busybashing cramer, meanwhile his AA service has averaged 15% annual return, way outperforming the market. if you follow all his ideas you can be a winner
Average Return figures reflect changes since 1/1/2002.
2005 YTD Return 2.35 %
Statistics as provided by AA. They wouldn't lie.
Original Cost $ 3,278,069.00
Current Value $ 3,808,625.00
Total Average Return 16.19 %
2005 YTD Return 2.35 %
S&P 500 Index (SPX) 1/1/2002 $ 1,148.08 $ 1,203.91 4.86 % -0.83 %
This proves that trading w/ him since AA inception you would be profitable.
Original Cost $ 3,278,069.00
Current Value $ 3,808,625.00
Total Average Return 16.19 %
2005 YTD Return 2.35 %
S&P 500 Index (SPX) 1/1/2002 $ 1,148.08 $ 1,203.91 4.86 % -0.83 %
This proves that trading w/ him since AA inception you would be profitable.
What part of "Now, if you said, 'My Dad bought and sold in exact lock step with Cramer's buy/sell advice and lost his ass...' then one could form an opinion.," don't you understand?Quote from sprstpd:
So you are implying that you are ridiculing me. Certainly I can tell by what you have written and the way in which you wrote it that I am almost certain I dislike you.
I traded in a portion of my father's account at the time so I saw his account totals everyday. He bought and sold everytime Cramer bought and sold in his account, in proportion to his account size (that is why the starting total of Cramer's portfolio is important - to get the proportionality right). It seems like the only thing that will satisfy you are audited results.
It's hard to tell how JC did the first year and we don't know exactly when the OP's father stopped trading Cramer's picks. Some of Cramer's trades in 2003 were buys made in 2001. Do you have a better formatted edition of the trading log, i.e. a delimited version?Quote from KevinK:
Even if he did buy and sell in lockstep, he wouldnt lose his ass. Cramer's in positive territory. I have copied all of cramer's closed trade log for all of you to see.