How This Man Became The Worlds Worst Stock Picker
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- เผยแพร่เมื่อ 31 พ.ค. 2024
- Get Insider Access ➤ / cooper447
From running a successful hedge fund, to market manipulation controversies, to infamously poor stock picking. This is the story of Jim Cramer…
Timestamps:
0:00 - The man, the myth, the legend
2:28 - Birth of the Inverse Cramer
3:20 - Cramers Hedge Fund
5:20 - Cramer/Hedge Fund Stock Manipulation
9:43 - Cramer Becomes A Media Personality
12:33 - People Burnt By Cramers Advice
12:12 - Cramers Good Predictions?
15:13 - Jim Cramer Summed Up
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DISCLAIMER: It's important to note that I am not a financial adviser and you should do your own research when picking stocks to invest in. This video was made for educational and entertainment purposes only. Consult your financial adviser. * Some of the links on this webpage are affiliate links. This means at no additional cost to you, we earn a commission if you click through and make a purchase and/or subscribe. This has no impact on my opinions, facts or style of video.
Biggest lesson i learnt in 2022 in the stock market is that nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
@@TomD226 I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.
@lowcostfresh2266 Laurel Dell Sroufe is my adviser and she is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Unless you're Nancy Pelosi or Al Gore and you know what the government is going to pour money into next before everyone else
With the ongoing effects of high inflation, lower forecasted stock market returns, and stagnant wages, achieving a secure early retirement could be more challenging than ever before.
An obvious way to invest for a recession is to buy shares in businesses that are likely to experience steady demand even in a downturn. Typically, those are consumer staples, utilities, and heathcare companies, but off course such decisions cannot be made by an average Joe, a financial advisor is important in making these decisions
Scammers forgot to follow through on this one, or did it all get reported and deleted already?
Overall, 51% of investors still think it's a good time to invest in stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m thinking of investing $400k into my stock portfolio but unsure about what equities to get into.
That's up noticeably from 41% in the second quarter again, despite shaky-looking markets in August.
I stopped listening and taking financial advise from these TH-camrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, In reality, all I needed was professional advice to take advantage and make profits.
talking about coaching, do u consider anyone worthy for recommendations? I have about 80k to taste the waters now that large cap stocks are at a discount... thanks
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, 'Aileen Gertrude Tippy turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
I just checked her out on google and I have sent her an email. I hope she gets back to me soon.
I bought my 1st home at 21 for 87k sold for 197k, 2nd home 170k and sold for 320k, 3rd 300k and sold for 589k and buyers paid all closing costs expenses etc... It is possible and very lucrative as long as all steps and details are followed.
Credits to *ROCH DUNGCA-SCHREIBER,* my fin. adv. who has always had my back all through the process of working and investing. You can glance her name up on the internet and verify her yourself. She has years of financial market experience...
I worked my ass off with 2 full time jobs and extras on the weekend. Saved up 25k and handed that over to my financial Adviser to put down and for investing. So I continued working my ass off and in less than three months I was able to lay my hands on my first property.
How old are you now, 111?
I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio dwindle away is such an eye -sore.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. When I was starting out, I checked out a couple of freelance investors online, so you could do the same. I personally work with “Colleen Janie Towe”, and she's is widely recognized for her proficiency and expertise in the financial market. With a comprehensive knowledge of portfolio diversification, she is acknowledged as an authority in this field. Most likely, her deets can be found on the net, so you can confirm yourself.
Colleen has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
What bothers me most is that he went on national tv in 11-2008 and said, "Don't buy stocks for 5 years". Then 5 years later, with the market at new all-time highs, he claimed he never said that.
The people who usually suffer from bad advice are the people who fail to do research, invest poorly, then begin getting "creative" to catch up. If you don't have time to treat it as a business, buy ETFs -- or simply apply extra cash to your credit cards, mortgage, or car loan.
I love when he said silicon valley bank above 300 was a buy before It literally went to 0
He’s paid to deceive retail investors and take all of their money.
Thats just a retarded take
Take their money 😂
" How This Man Became The Worst Stock Picker Of All Time " ! > " Bull-Ya "
🤣
During a bull market we all look. great. Thats luck...tell me when things are going poorly
I remember how he used to trash crypto and bitcoins then one day he came over and told everyone that he actually done paying his mortgage by selling his bitcoins while they were at their peaks. All this time he was trashing cryptos, he was actually buying in the sidelines.
Great video man great, of course they throw good predictions in cause it keeps people guessing, see if they keep legendary hand full of picks in they can get away with 5 times as many bad ones
Lmao the meme about doing the opposite of Craymer actually held true
hes the worst because he revises history constantly- "i told everyone to get out right at the top" back right after the crash - he was telling everybody to get in right at the top.... and cried on tv as all his hype go destroyed
Jim is a good stock picker. The LJIM (long) and SJIM (inverse) etfs are +10% and -10% as of today 7/24/23. 🤩
since inception. SJIM -8%, S&P 500 + 9%. So Jim's pick's have been roughly inline with the market. He rarely gives "sell" recommendations, and a makes a lot of buys. so likely this ETF will function something like short S&P 500 over time.... plus a 1.2% MER, ouch
SJIM is -11% YTD as of November 20th (S&P +19% YTD )
Smart piece. Thank you.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Maria Reyes.
wow.. amazing to see others who trade with Mrs Maria Reyes, i'm currently on my 5th trade with her and my portfolio has grown tremendously.
I invest with Mrs Maria Reyes too, she charges a 20%commission on profit made after every trading session which is fair compare to the effort she put in to make huge profits.
this is not the first time i am hearing of Mrs Maria Reyes and her exploits in the trading world but i have no idea how to reach her.
As a first time investor I started trading with her, with just a thousand bucks. my portfolio is worth much more that now within just weeks of trading with her.
With the consistent weekly profits I'm getting investing with Mrs Reyes, there's no doubt she is the most reliable in the market. such a genius
I shorted some oil stocks last summer when crude Oil was ~ 120 USD and Jim was bullish. I made 3x my investment in a month.
I remember when I was only about one to two years into investing and stumbled onto Cramer’s show. It was when COVID started getting big and he was saying “SELL CVS! It’s a garbage stock!” And I remember think “what is this guy talking about? Even if we don’t include all this COVID stuff their still is a CVS on every US corner and their finances are really good.” All I thought was “this guys an idiot!” And bought a bunch of CVS stocks at like 40 or 50 a share. Two to three months later that stock shot to 70-80 a share. My only regret was not buying more. Dividends in cvs are nice too.
I watched a few episodes of mad money over the years, but I stopped because I could only understand every fifth word he says (what is that accent anyway?).
Seeing this video, I am thankful his articulation matches his stockpicking skills, else I might have followed his advice at some point.
The best way to evaluate Cramer's more recent stock performance is to calculate the portfolio of his charitable trust. That portfolio is updated every day. From what I can see, it performs at least as well as the S&P. It's something that can be researched.
So just buy the s&p 500 and skip the Cramer Headache
Good job!
That "Buy tulips"-meme got me rofl. Im now googling more such memes :D
Do you know what year this interview was, and who the interviewer was?
Look, I don't have time to devote over 15 minutes to watching this video. But I call it nonsense based on its title. Cramer is a superb market commentator, more valuable to individual investors than anyone else I can name. I've watched him for years and cannot criticize his advice. In fact, he has helped me make about a $million this past year. I have read all his books, and am truly in awe of how hard he works, day and night.
Research In Motion (RIM) was the parent company that eventually became Blackberry (BB)
his club was down over 22 % last year. I was up last year just by keeping my money in money market funds. He changes his mind every day.
It was a bear year, most investors were down
Anyone that takes stock tips from another deserves to lose money. Rather you should listen to general advice. Invest in the best of the best, and invest when everyone is fearful.
You dont get it.
He makes money by being seen so he will tell you what you want to hear which is the immediate consensous.
I used to work for Veritas in the early 2000s. It was bought out by Symantec.
If you have a short position, releasing negative research about the company or growing your short position to drive the stock down isn’t wrong. Using “fairness” as a criteria for ethics is ambiguous, what matters is if you’re lying or being a fraud.
On the other hand, spreading positive news and boosting a stock while selling it behind the scenes is wrong (and illegal), because you are basically defrauding the people who listen to you.
On 13:07 if you invest like Cranmer recommend then you would have hit 2 out of 4 . Especially jackpot with NVIDIA
The wall streets is all about unloading shits to retailers. He is a salesperson.
There are 2 people who bafflingly keep finding work in their respective fields where they do a terrible job at: Cramers and Steven Seagal.
One way to not get entrapped by fast-talking loudmouthed hucksters like Cramers is to invest in a wide range of stocks like ETFs. People like Cramers may have power to game the market, but they can’t game the market as a whole. They can game one or a few stocks but not hundreds.
Nobody wants to be his friend... and he can't help people make money..
From one pump-and-dumb scheme to another
The thing is, yes many of his picks may drop over the course of 2-3 years..but many of his picks are up hundreds.
2-3 years is not what you need to look at, his show is not what you want to look at..it's the ones he speaks about consistently and a 10 year chart.
Hi, I wonder if I can communicate with you regarding your contents ? Thank you
Put all your money in Ark? Don’t put 100% in anything
He did serve good ice cream at the Vet in Philadelphia in the 70's.
I may have bought some from him.
M$ question is why is he not fired by cnbc yet???
Because he is an expert at that he does which is similar to a tv minster.
Inverse Cramer: Do the opposite of what Cramer says and you profit!
Is Kramer that guy from Seinfeld right?
Pick a good stock it duz good just to be taxed on it ???? Then pay the guy for each move you make 😊😊so if you buy 50,000 low at $28 and over 15-20 years it goes to $528. A share how much after taxes????? 😊😊😊😊😮
Look he made money by shorting stocks
Just do the opposite of what jim is saying and you're good to go! 😂
Damn… good stuff.
Stocks closed mostly higher Thursday after the latest round of economic data eased recession worries and financial shares jumped following the results of the Federal Reserve's annual stress test. It just gets very daunting to me when I’m sitting there looking at charts and trying to determine if i’m right or wrong! It shouldn't come as a surprise that the market is currently so gloomy. My $370K portfolio is now reduced to ruins.We require support immediately if we are to survive in this economy. Similar to the real estate market, the ETF and stock markets continue to be highly volatile.
his etf up 16% YTD tho ? while ur negative
I began my investment journey at the age of 33, primarily through hard work and dedication. I am to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields
This is superb! Information, as a noob it gets quite to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $500k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.
wow that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
Do you mind sharing info on the adviser who assisted you? I’m 40 now and would love to grow my stock portfolio and plan my retirement.
There are multiple problems here, the main one being emotional investing. Jim Cramer analyzes stocks on emotions, not on rational financial performance. The people who listen to him buy and sell based on emotions. No one actually does any research on their positions, including Jim.
Jim Cramer with that fancy hair is hilarious 😂😂🤣😂🤣😂😂
2:29 SJIM down 11% since inception 😢
SJIM is -11% YTD as of November 20th (S&P +19% YTD )
Who's gonna have the last laugh 😃 ?!?!
I am glad , Finally someone talking on this guy, he is a joke😂
So how is he still on TV?
the protocols of zion speaks of this
If any of this is new to you and you trade the markets you're nothing but grist for the mill.
well he was right about the tesla stock...
This Dude Ned’s to be terminated from CNBC
You'll always make more money doing the complete opposite of Kramer
he had a vision of x-ray
Over 20 picks per episode!!! 😂
Kramer picks losers on purpose. He is in with institutional investor helping them liquidate large blocks of stocks.
Cramer is a momentum trader! Buys when the stock is expensive and sells when it is cheap.
He’s been right about NVDIA
A broken clock is right twice a day.
inverse cramer is down 14% since it launched.
State run media what do you expect 😂😂😂
he picks 50 stocks a month and a year later he tells you about the winners but never the losers.
Cnbc luvs him coz he's misleading the masses
Avoid any stock advice from legacy media outlet talking heads
I find this whole thing disturbing.
With all the information on TH-cam today, who would ever listen to him???😂🤡🌎
Venturing into the trading world with the help of a professional trader and expecting profit is like turning water into wine,you would need a miracle,that's why I trade with Mrs Adeen Her skills are exceptional.
Wow, amazing to see others who trade with Mrs Adeen . I'm currently on my 5th trade with her and her portfolio has grown tremendously
I invest with Mrs Adeen too, she charges a 20% commission on profit made after every trading session and that's fair compared to the effort she puts in to make huge profit.
This is not the first time i am hearing of Mrs Adeen and her amazing trading skills but i have no idea how to get her.
As a first time investor i started trading with Mrs Adeen with just a thousand bucks. my portfolio is worth much more than that now within just weeks of trading with her.
@@DavidNicksin @investwithadeen
why is he not in jail?
He a television personality like Trump😂
Lol traders are different then investors. You are comparing apples to trains
Jimmy Cramee😂😂😂😂😂😅😅😅😅🎉🎉😂😂😂😂😅😅
No proof just a few bad picks, you could have cherry picked to make him look good
reverse psychology 😂😂😂😂
50% of this video was about cramer not btc
Uhhh....yeah?
Most of the points in this video are taken extremely out of context.
It true. He is a joke
So this guy is being paid to foment against stocks that billionaires own
Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60.
Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over $800k.
Impressive can you share more info?
I am currently working with a financial advisor named "Margaret Johnson Arndt." I discovered her through a CNBC interview where she was featured, and I decided to contact her afterward. Since then, she has been guiding me by providing entry and exit points for the securities I am interested in. If you're interested, you can find information about her online. I have been following her trade pattern, and it has been a rewarding experience for me, as well as for others who are also benefiting from her exceptional service.💯
banks have made me a LOT of money...I'm so happy that so many of you were scared of banks last year, those prices crashing has made me a huge profit on the rebound.
InflationTracker is probably fake. That story is too good. At 59, he would be a few months away from being able to cashout from his 401K without penalties. No way a sane person would do that
Glad I quit trying to day trade it's all rigged.
The market is rigged by people who are invisible, they don't have websites, don't sell books, don't write for the WSJ, don't appear on TV, but for some reason they think Cramer runs it while he is really out of the invisible circle who control the trillions.
I'd choose Jim over majority of stock picking TH-camrs any day. Of course he's gonna be wrong on a lot of stuff since no one knows the insides of all the businesses but I still wouldn't bet against him
this guy is known mainstream for his terrible calls and is regarded as a joke. i dont know how the hell he still has a job
The biggest mistake of anyone , was trusting this scam bag...
JIM CRAPPER
Even s broken clock is right twice a day. This guy not so much
Promo-SM
YEP. HES BEEN SCAMMING PEOPLE SINCE THE 90'S
>Great content.Technical Analysis is good but I find It truly baffling that major crypto youtubers just look mostly at pure T.A and completely ignore the bigger narrative of why BTC is pumping and why the future outlook will be even rosier than it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major pump at the peaks of BTC. More emphasis should be put into day trading as it is ^less affected by the unpredictable nature of the market. I have made over 11 btc from day trading with Jim Brin insights and signals. This is one of the best medium to backup your assets incase it goes bearish...
Wow! I made a lot of money trading with Jim Brin. He's really a professional with his new strategies
Holding alone no longer works for me because of the bearish trends. I'm happy with my portfolio now with Jim Brin trading analysis Im up from 0.9btc to 5btc..
A friend that I referred to her just received £28,650 after 14 days of investing , I became jealous Lolz
Please i heard his strategies are really good. How do i get hold of such opportunity?
Wow! I'm really surprised Jim Brin is being mentioned here. I initially started off with him last year with 0.5BTC and now my portfolio is worth over a 2BTC..