CRAmer telling people to back up the truck before Black MOnday

Quote from nitro:

The point is that there are three types of people that watch that show :

1) People that watch that show for entertainment
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Well I guess I'm guilty of this category :D
 
On a very elementary level, the owner of a CRUT draws an income off of the assets till his/her death...Cramer's loving life. On a CRUT you can draw a fixed amount or a percentage of assets till death.

The specific equation depends on how the trust is established; the age of the individual would be one variable. Compounded tax-free growth (assuming you're fishing in a barrel like Cramer) is another nice feature of a CRUT. Distributions of course are taxable as ordinary income...blah blah blah talk to your accountant...

:D


Quote from HolyGrail:

I think in a way we are all a little bit jealous of cramer, but not for the reasons you may think.

How great would it be to purchase stocks and then tell millions of your sheep to go out and buy it. We would all kill for that kind of opportunity.

His charitable trust should be making a fortune. I guess that is how he justifies leading people astray. It's all for charity.
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Quote from HolyGrail:

How great would it be to purchase stocks and then tell millions of your sheep to go out and buy it. We would all kill for that kind of opportunity.

His charitable trust should be making a fortune.
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Last I read, Cramer's charitable trust was drastically underperforming the markets (as it usually does).

Cramer is a terrible stock trader.....Reg FD ruined his gravy train.
 
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