Investors Are Trying to Make Money By Doing The Opposite Of Jim Cramer - How Money Works
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- Опубликовано: 20 сен 2024
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Mad Money is a finance television program that has been running for 17 years on CNBC and is hosted by this man, Jim Cramer, a former Goldman Sachs trader and hedge fund manager turned reality TV star.
He was the OG personal finance personality.
Cramer has by all accounts had a very successful career, according to his own records his hedge fund returned 24% annualised returns over his 14 years managing the fund, which netted him around TEN MILLION dollars a year in take home pay.
His experience on wall street and strong personality made him a great pick to host a TV show which has performed very well over the years it has been on air, even if it’s not for the best reasons.
The show runners and Cramer himself have said that the stocks they discuss should not become a major part of a viewer’s portfolio and that people’s life savings should be made up of a low-risk diverse selection of stocks, bonds and real estate.
But this sounds familiar, doesn’t it? This is just the TV show version of, “hashtag not financial advice”.
It’s difficult to watch, because a confident looking man that positions themselves as an authority on the subject talking about how a stock is about to make everybody rich is going to make some people buy in no matter how many disclaimers are made.
His catch phrase is “I just want to make you money”
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#howmoneyworks #finance #investing
Edited By: Andrew Gonzales
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Select Footage Courtesy of: Getty Images
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All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind.
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This guy is impersonating you in this comment section:
ruclips.net/channel/UC9Gbi8_aQAc9ACShc2qBJEw
For some reason, RUclips is not letting me report him as an impostor.
As an investment enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make over $400k like some people are this season.
I believe the safest approach is to diversify investments especially under professional; guide. You can mitigate the effects of a market meltdown by diversifying their investments across different asset classes such as stocks, etfs etc It is important to seek the advice of an expert.
Review your portfolio with a professional and don't make the same mistakes again. Diversify, as in your stock portfolio, and hopefully consult a professional. The key to building wealth is long term. I learned 30 years ago that you have to keep emotions (rookie) out of your investment decisions at all cost. Now, i've made over 800k in profits from my 350k investment.
@@Gallo-firestone Kudos on the effective execution of innovative ideas and tactics that lead to significant advancement. As I seek guidance from a trustworthy advisor, would you be willing to share details about the individual assisting you?
Wright promptly do a web check where you can connect with her Gertrude Margaret Quinto and do your research with her full names mentioned..
My needs are kind of unique and complex. I'll contact her nonetheless, and I hope I'm able to make something out of it.
What if Cramer recommends to buy the fund that shorts his recommendations? Fund closure? The advisor ignores it? The financial system implodes? We are reaching Cramer levels previously unobtainable.
Then Cramer from another dimension comes in and back hand slaps him to tell him to leave it alone. The extra-dimensional Cramer would've broken quantum entanglement rules!
I’m pretty sure the SEC would then get involved.
You have stumbled upon Gödel incompleteness theorem
And if Cramer shorts it then they.... invest in themselves?
@@spicychad55 but through how many quantum dimensions would the losses stretch?
If there's infinite realities then Crymer would be the guy to bankrupt infinite universes! No portfolio would be safe and would stretch through time and space!
I remember when Cramer said Lehman Brothers was a definite buy. Two days later they went under.
He said the same about Bear Stearns and countless other duds that were clearly going broke.
How does he still have a job lol
@@Shay416 It doesn't take a genius to figure out where his money really comes from dude.
Ha
@@Shay416 Smart investors like having him around so they know what NOT to do (basically an investor's "kiss of death" will be a Jim Cramer "endorsement", and "criticism" from him means "go for it")! 🤣🤣🤣
"So did you make your fortune?"
"Yes"
"What did it cost?"
"I have to watch Jim Cramer every night"
dude the day that happens i am quitting college and puting all my families savings in these etfs
Sometimes that are cost that are too high to pay.
@@atharvaatre3273 if you just do your own inverse cramer starting back in 2016 today you would have realized over 800% gain, 171% without the netflix dump. I missed out on alot just analyzing what happens after he says to buy or sell something and ended up with a 610% gain.
The gist is simple really. When he says buy something you immediately grab calls and get out at +20%. Split a reverse hedge with 40% calls just OTM and 60% Puts just ITM 2 to 3 weeks out. If its share price dumps sell calls and hold puts usually you easily get a 1.5-3x even if the puts exercised and you cover back T+2. If share price goes up take gains on calls and average down on puts. It will dump and your puts have a 70% chance 1.5-2x on the average price from the short pressure smacking it back down.
@@jewelplate sure, why do all that when a trading bot can return more than that, and I never have to be annoyed by Cramer.
... so everything...
He’s not bad. He knows exactly what he’s doing. He works for hedge funds to give them retail liquidity.
Bingo
This speak sounds like a fellow ape 🧐🦍
Never use ignorance to explain something that can be equally explained by fraud.
Just a quick PSA for anyone reading comments, watch out for promises of returns, it is most likely a scam. There are bot reply chains that are trying to get more and more convincing (thankfully most are really obvious still). Be warry of financial advice and always apply due diligence with investing. Also, go ahead and use the report system on the bots, don't want anyone to be taken advantage of.
Anyone stupid enough to fall for it deserves to be scammed
Been consistently reporting them for the last year and nothing happens as they just create random new accounts and keep figuring out ways to get their comments at the top of the comments section. Google's engineers should be able to figure out a way to write a program that would flag this (especially after all the reports they get). Another option is the owner of the channel could remove the lead comment as they have that ability. Unfortunately, most people that make videos want a lot of comments because it helps the algorithm. The third option would be to reverse engineer the source of where this is coming from with law enforcement.
We will see though. I feel like it has to get worse before any action is taken to change the balance of this.
@@garydevries5961 I reckon Google's not doing anything about it because it uses comments as one of their KPIs, so they are happy to let the spammers and scammer go.
Nobody wants to be in a meeting trying to justify why one of their key metrics has fallen off a cliff.
@@garydevries5961 I did the reporting option too, although I guess just replying and alerting people its a bot chain is the next best option. The worrying possibility to me is that it is left unaddressed and it works on enough people that they keep spamming it, which I guess would kill it in the end from people being aware of it but I would rather not deal with that spam.
@@anthonyg113 it just needs to work on 1 person a day. spamming and botting costs nearly nothing.
I’ve been casually paper trading against him for a decade… I’m glad it’s finally mainstreamed.
How well has it worked?
@@smashergaming7711 10-18% returns, timed better and using some other instruments it would probably be in the 25's...
@@chrismitchell559 well considering how Cramer is funded by hedge funds I wouldn’t expect any less than increased volume.
Paper trading for a decade? And only 18-20% returns? Much better off trading futures with real money.
@@andrewnunnes Good point, no one ever loses money trading futures...
Inverse Cramer is actually beating the market 😂😂.
There's an inverse ARK ETF. Hilarious timeline where both Cramer and Woods are mocked by inversed ETFs!
@@spicychad55 we’re in the best timeline 😂
@@spicychad55 how i put in inverse ETF .?
He doesn't sell you stock picks. He low-key sells you someone else's bag so they can dump it.
Yes , nearly everyone on television is full of shit
Spot on
Bingo. Insider trading right in your face daily.
When Jim Cramer was kidnapped, he exclaimed, "I'm never going to see my loved ones again! I'm going to die here!"
He was home safe eleven minutes later.
Lmao!! 😂🤣😆
Brutal!
First rule of finance: If someone actually knew how to make a fortune on the stock market, they'd be making a fortune on the stock market, not telling others how to do so. Someone telling you where or how to invest is being paid to tell you where or how to invest by the people you're being told to invest in.
Not really. even the biggest financial managers suck at investing. And for billionares, they can't invest in a stock withouc changing it's price in a massive way
Warren buffett can't even allocate 1% of his net worth to a banger stock.
@@PhageArc In reality, they can't invest in stock because the majority of the wealth of most modern billionaires is in stock, not actual wealth. They can't "invest" because their money is already invested and can't be taken out, either because of contractual agreements with the other shareholders or because they own the company the stock is in and selling some would cause the company's value to tank.
@@FirstLast-cg2nk that too. Either way if they wanted to get more money they'd tell people to invest in their own stocks
@@PhageArc That's called market manipulation and you go to jail for that.
I watched Cramer in my early 20's and even bought some of his picks. With that experience in mind I would 100% go in on an ETF that shorts all his positions
Imagine a mainstream media outlet giving stock advice while giving a disclaimer that it's not real stock advice 😂😂😂 I'm glad I learned investing early on
everytime I hear that 'not financial advice ' I tune out and go listen to someone else.
bunch of idiots giving opinions on subjects they don't understand trying to cover their asses
Just understand that Cramer isn't a financial advisor anymore than Jerry Springer is a family therapist.
Never has anything, in the history of the world, been explained with all its nuances so succinctly.
Or Doctor Phil and Oz on medicine and psychology
@@neonbunnies9596 the fuked thing is that Dr. Oz actually knows better and still sells his snake oil with a straight face.
I love how their filings basically contemplate a loss scenario where Cramer starts picking stocks accurately, leading to the fund losing money quickly.
Yeah well cramers picks are ABSOLUTELY HOPELESS. He has back EVERYTHING that turned out to be a scam, Theranos and FTX being among them, including Lehman Brothers TWO DAYS before they collapsed. Many believe he's actually scripted by some big banks trying to get their junk off their hands.
I wonder what would happen if Cramer decided to recommend buying this anti-Cramer fund. This either creates a paradox or forces the fund to short themselves, and I'm not sure how that's even possible.
They can simply choose to not short themselves; they always have discretion.
Or what if Cramer (just to screw with them) started recommending the opposite of what he actually thought? Even more disturbingly, what if the anti-Cramer funds still somehow made the same money?
@@danielhale1 I think a much more interesting outcome would be that the the fund adds a contractual stipulation that if such an event happened, the fund would dissolve immediately.
I genuinely worry that could unravel the very fabric of the space-time continuum.
Or at least, make for some very confusing headlines in the financial press.
@@AlcoholicBoredom more a george costanza move than a kramer 😅
You've heard of Long Jim. You've heard of Short Jim. But nobody ever mentions Slim Jim
I thought it was already understood that one should do the opposite of what Cramer says.
Oh well...
Just go back and watch Jim Cramer talk about the housing market before 2008. S*** just listen to Kramer a few months before the bubble burst in 2008. The dudes a f****** quack ass joke
Cramer is the epitome of the famous saying "Those who can, do; those who can’t, teach"
Except he did before.
Good stock pickers don't tend to tell people their investment strategy, because once the strategy is well known, they lose their edge. Any recommendation he makes will artificially make the stocks overvalued due to his large audience.
Hahaha, how have I never heard of that one? So true (unfortunately)... There are only rare exceptions to this.
failed hedge fund manager
Believe it or not, he was well respected before his television days and made funds millions
What would happen if Cramer recommended the Reverse Cramer ETF? Would the ETF short itself?
Next day: *"Market destroyed by paradox"*
@@somethinglikethat2176 And yet somebody woul find a way to profit from that
Just a note. The Inverse Cramer ETF has done wonderfully this year.
It hasn't been released just yet, but if it sticks to the strategy outlined in it's prospectus it would have done really well.
@@HowMoneyWorks December if i recall correctly
Afaik there isn't a ETF yet, just an index
@@WorkinDuck yeah you’re correct
Because Cramer is the way exactly to NOT trade the market. He anticipates nothing and reports the latest trends. By the time he’s spoken it’s too late. So following his advice is like following your worst inclination to FOMO into the top
And that's by design. He works for hedge funds, not his viewers. He's not incompetent, he's malicious.
This man is quite.literally.thr mascot for wallstreet bets what a meme legend
The most regarded suit
it doesn't matter who's gaining or losing, there's a percentage being taken on every transaction.
Wall Street... a place where they keep moving money until there isn't any left... and it's all in their pockets.
To paraphrase Andrew Tate, we don't actually make money, we TAKE money. It's player vs player. The only thing in the US that can MAKE money is the Federal Reserve.
@@realjoedee Money does not equal wealth... wealth is what people want, money is a proxy to transfer that wealth.
If you had all the money in the world and nothing to buy or spend it on, you wouldn't be wealthy.
The Fed creates money out of thin air to keep wealth moving around.
@@realjoedee sure, we don't make money, but we make utility by making money more valuable by producing more efficiently with more tools and machines.
In the long run only stock exchange and market makers win.
In the short term he's normally right, but almost always it does exactly the opposite soon after the first move
If he says it's going to go up, it will. Because all the people who believe him jump in, and that's when you sell. Because it's likely to plummet afterwards
Conversely if he says sell, wait for the sheeple... I mean cramer followers to sell and drive the price down so you can get a bargain price before it jumps lol
Not advice of course, always do your own due diligence
I work at an investment fund and we literally spend MONTHS researching one stock
Pardon my ignorance, but i don't understand what exactly you people spend hundreds of hours researching.
Can you tell me why and what takes so long?
@@ouroboros16 as a non shower enjoyer I can assume they research the Financials, marketshare, margins, growth outlook, profit margin and that most likely means lots of paperwork to go through
How? How do you spend months researching one stock?
@@bottim9728 plus (maybe) research into key personnel, competition, their main markets.
@OceanA To pay attention to the company, its intrinsic value, and why it's above or below
There's actually some pretty solid phycology behind this.
I mean the whole gimmick is to "make you some money"
Not look for long term strategic investments.
So if even a small percentage of viewers listen to him.
And buy when he says buy.
They'll soon cash out, causing volitility in the underlying asset.
Or they'll jump at the first sign of a downturn.
Makes sense that by shorting anything he recommends. Logically, the chance of making a profit is higher than randomly picking.
After all, the dude clearly has a viewerbase.
@@garethbaus5471 probably some measurable data points to it too.
Say take the average age and stock competency of his viewer base,
Layer in average portfolio size,
Risk tolerance,
Return Vs loss.
Then backtest it against his past picks.
Logically with a dataset as diverse as his viewerbase, there should be an average swell and dip that is calculable based on past results.
When people took profit, or rode it into the ground, or when they bailed early in the face of a downturn.
Pull all that together and youd logically see a pretty consistent spread of price / time.
If you go further and separate not only what his takes are. But other factors such as his perceived confidence in a pick, the time of the segment talking about it in relation to the rest of the show. And how long he spends on a particular pick.
You'd get even more actionable data.
I'd imagine more impulsive or gullible traders might fall hard into a sudo Fomo mentality and have bought his first picks before the show is even over.
Versus those who're more wary or might be seeking confirmation bias for a pick of their own that is widely known. But there isn't a general confidence around.
I don’t know how I missed this. This is hilarious. Been doing good lately.
I like the concept of Cramer making better picks as a risk.
Will the matrix break if Cramer recommends SJIM?
No, but SJIM would partially short itself, basically reducing volatility, as LJIM would effectively do the same by acquiring SJIM shares.
I still remember the time he said in his show not absolutely not sell bear sterns. It cost a lot of people a lot of money...
I remember this too!!
His wife was the trader and brains behind his hedge fund success.
It’s no surprise that Jim Cramer is bad at picking stocks. He does about 5 minutes of “research” before making a buy or sell call on a stock. Compare that to a hedge fund analyst who literally will spend 100s of hours researching ONE stock before he or she recommends it
Warren Buffet has already destroyed hedge funds
Yeah, but it's impressive just how _bad_ he is at picking stocks. He's like 3rd percentile on returns or something stupid like that.
@@Nukestarmaster it's funny that he could be so good as a professional and so bad as a media personality.
Here comes the other one making a career out of regurgitating comments from billionaires and passing it on as investment advice for the common person.
@@somethinglikethat2176 he probably bets against himself as a media personality since he is not a financial adviser. Shady AF but the legalities may be more flexible in his current position.
I used this strategy a couple times with a friend of mine who somehow always lost every bet he made and it's actually a solid strategy because some people just know how to pick the winner but there also people who always pick the loser.
This is orecicely why I, who have never met a gamble I could win, don't invest money myself.
June 24, 2021
Jim Cramer - “I still think Carvana’s a great long term story, and I never recommend shorting this stock”
What's really funny is carvana is about bankrupt but for some reason the stock has gone up on the last few days...
I wish I would have bought Bear Sterns when Cramer recommended it.
He's on TV selling what he's paid to sell. If Cramer pushes a stock, he's being paid by that company to push their stock. That's the game. It's called gorilla advertising - selling ads disguised as legitimate commentary. It goes on EVERYWHERE in a hundred different ways.
Guerilla not gorilla
@@michaelphilip1 Beat me to it.
Imagine paying good money to have Cramer pump the stock, only to have it turn around and get massively shorted.
@@michaelphilip1 Spelling is not my strong suit. Thanks for the correction.
@@ddingopants I know of one instance...and I'm sure it's happened more than once...when a company purposefully tanked their stock to buy it back at a discount...using the money they made shorting it during the tank.
this is why I watch this channel. making the seemingly complex a little more palatable.
Jim is like DSP or LTG, but million times funnier.
And we can get good margin while meme'd at him.
Hell Cramer looks like DSP but if he took actual showers.
My stance is to just be skeptical of anyone saying "I just want to help you make money." My 8 to 5 job is the only thing I trust with those words. Always ask yourself WHY anyone would be so intent on wanting to help you make money. And those who shout the loudest about it are usually the ones who stand to make money when you inevitably fail or are scammed.
It depends, there are some worthy investment opportunities to be had. But I mostly limit myself by who is offering it to me. My uncle is far more trustworthy with anything than some rando off the street or internet
Lmfao 🤣 🤣 🤣
I wouldn’t want to keep that mindset. Start learning to strengthen your financial literacy before you doom yourself.
@@diegoz4220 I said to be skeptical, investments will always have an air of risk. But there are some that are worth it and others that are pitched from the mouths of snake oil salesmen. I still feel it's wise to always evaluate why someone might be adamant about supposedly wanting to make you money, espcially if there's a dollar amount they want from you in order to supposedly achieve that wealth. You can have all the financial literacy in the world and still get suckered into a scam or a bad opportunity, nobody is immune.
"Of course you always face the risk of Jim Cramer making petter picks" 😂😂😂😂😂
Okay I thought people were doing it manually but making ETFs to do this automatically is hallarious
The psychology of playing the people playing the markets.
Jim Cramer & Chuck Todd should host a show together
Avoiding 2 idiots by just 1 action
Inverse Jim Cramer, works everytime.
We're pretty close to the point where everyone is saying to "Inverse Cramer", which means it's nearly time to buy his recommendations.
🤣
1:11 I remember that episode quite well, because Cramer clearly went out of his way to make a pitch to Jon to "just act normal" and Jon just ignored it.
me, a forklift driver with felonies and no stocks in a bath: yes I do know more about investing than most people 😏
I watch more investing videos and read more materials on banking and investments than most actual day traders, but won't get my own money involved because if I learned anything from my relationship with opioids it's that I get addicted to junk fast and hard. So I'm right there with you lol. If there was a suboxone for gambling I'd consider trying it 🤔
It is just as hard to consistently lose money in the market as it is to make money.
No
Damn that’s probably the end of this trend now he gonna be right every time
The thing is I genuinely don't believe Jim Cramer is an idiot, but even if he is he must be doing something to keep his TV show going for 17 years. He could essentially be using his show to artificially create a bubble around predetermined stocks so he can profit of them in the short term, but that would require him to lie to the public and possible commit a felony, and day traders would never do that.
4:27 "Buy companies that have grown in market cap and sell companies that have shrunk" that is not what ETFs are doing.
The effect of shrinking/growing in market cap is automatically captured by the shares they hold.
ETFs buy when:
1. A stock is added to the index
2. A stock is raising capital
ETFs sell when:
1. A stock is removed from the index
2. A stock is bought back by the company.
What if Jim says long $SJIM?
Reality stops existing
By the time news hits Cramer's desk, it is over... A.K.A the opportunity is gone which is why investors, if wise, would study macro economics and do their best to understand how event A or event B may impact the masses and then from there make an investment decision before event A or event B turns into news' that hits Cramer's desk...
It would be interesting to see his personal trading history. Pump & dump?
I bought and held and bought more NVDA since 2018 very much partly directly to things Jim said
I bet the reason why following Cramer is a bad idea has to do with the fact that doing so will always leave you a step behind the market.
The markets are priced at microsecond rates, so you're always behind.
@@wholeNwon Yep, when you decide to daytrade, you are literally competing with high frequency traders.
@@darthutah6649 You're competing with dedicated server farms in buildings as large as AMZN fulfillment centers. In other words, if for no other reason (and there are others) it's a loser's game.
That’s the perfect way to pitch Cathy woods. Whatever company is currently in the news just say it’ll 10x from here and add it to the fund. I hear nothing about her now that the market is down
dude it's a TV show, everyone on the floor knows that and it's just a good laugh and relaxing to watch it after the bell, that's all.
If you are listening to Cramer for financial advice. You are already finding out that tea leaves and astrology are better.
I don't know hoy you get the 555% on 12:14 but that is the Cramer's club that cost like 500$ a year.
So basically this guy's helping rich people pump-and-dump
If Jim personally bought into this fund, would he be guilty of insider trading? Serious question, despite the funny concept
Is there something preventing him from shorting a stock and telling others to buy it, making him the 555% profit of knowing what he's going to say?
Nope
The weirdest part of this video are the bots talking to each other.
It's fun to read though lol
I'm a nuclear physicist with a PhD, and I can only say, honestly, I only understood don't trust Cramer. I feel stupid as hell seeing this video 🤣like when I was in my college years.
Here is a bit more context to hep you better understand the video (thought you got the gist of it right).
Going long, means buying a stock in the hope of selling it for higher price later. You do this if you have reason to believe the stock is undervalued or if future event will make it more valuable. The maximum amount of money you can loose by doing so is 100% if the company goes bankrupt. The maximum money you can make has no real limit.
Going short is a trick to make money out of the value of a stock going down. Here is a simplified example. Let's say I have pencil worth 5$ a piece now and you believe it will go down (could be to 4$ or 50 cents whatever). You ask me to lend you my pencil with the legally binding promise of getting you another in one week. So you get my pencil sell it right away and watch the pencil price during the course of the week. At the end of the week you give me back my pencil and you pocket the difference. Maybe you got lucky and somebody handed you a free pencil so you made 5$ (in real life it would be the company going bankrupt). If you got unlucky and resources for making pencils now need to be extracted from asteroid in space making pencils worth 1 Billion $ you are legally bonded to buy a pencil and give it to me. So here the maximum money you can loose is infinite and money you can make is capped at 100% of the value of a stock.
With this in mind knowing that when Cramer tells his viewers to buy a stock, we can anticipate the value of the stock to go up because a lot of people are trying to buy, but we can anticipate that this rush to buy will be short lived because people will quickly move on to the next popular thing. So in about a week you have more people looking to sell the stock and less people wanting to buy, this drives the price of a stock down. So by shorting the stock here we essentially sell the loaned stock at high price during the buying frenzy and then we buy it for cheap during the selling frenzy.
When Cramer tells you to sell then you know a lot of people will be looking to sell and fewer people looking to buy, thus lowering the price. So you buy now instead and a week later the amount of people looking to buy and sell should be back to normal. With less sellers and more buyers the price should then be higher. Of course if Cramer called it right and the company goes bankrupt the shares are now worth 0$.
You could do this on your own, but it would be rather tedious, you would need to watch and follow Cramer for starter, make a list of the stock he tells his viewer to buy or sell and then make the transactions. You could hire someone to do it for you but it would probably cost you more. Instead we have funds (ETF which stands for Exchange-traded fund) witch are like publicly available stock portfolios managed by professionals. when you put money in a ETF you are essentially buying a fraction of it like you would buy a fraction of a business when buying a stock. The ETF managers do all the buying and selling so if you buy 100 shares at 10$ each and Cramer does it's thing and our prediction turn good, the fund and the value of your share are now worth more. If the fund goes up by 10% your share are now 11$ each and selling all of them gets you 1100$, which is a 100$ than what you put in.
All in all it's not a really serious strategy, it's about betting on market trends instead of a company's fundamentals (like are they selling more, lowering their production cost, borrowing money to finance expansion, etc.). Being new it doesn't have a lot of history you can look at to see if it will be a good long term strategy. Cramer himself is also an unpredictable aspect of the strategy, maybe he'll sign up on skill share during one weekend and start making good strategy. Or he could just retire, get hit by a bus or get an aneurism, at this point the managers won't be able to make opposite play to Cramer and everyone will race out to sell their share of the fund, driving it's price down.
Ok then why is a genius like you bragging on RUclips comments on the topic of finance. See how worthless your degree is
@@QvsTheWorld thanks a lot for the context, it seems I'm not stupid, just uninformed 😅🤣. So long term would just be normal investing (or at least what I always thought that people did in these environment). In that case, short term as I'm seeing from the context, would be a precursor of nft, meaning no one knows really anything (based on feelings and trends) and it's probably bogus and would not work for a pension retirement?
@@adrianhoraciosantanavaldes1908 What you might consider normal investing is buying and selling stocks of a company or share of a fund. You can buy and sell for short and long term, but shorting is more like a technique or process that combines buying and selling to achieve a specific result. You borrow -> sell -> wait -> buy -> give back to borrower. Thought those step are automatized so you don't have to personally find a lender. Shorting is a bit like parallel parking, some people can go their whole life without using it and some use it everyday. It's also pretty easy to burn yourself when you do it wrong.
NFTs are another can of worm altogether, but the main idea is that they are unique digital assets that you can track their ownership.
Oh yeah, maybe I did not made myself clear but sorting is ultimately about finding a way to make money when you think that things are gonna go bad. The economy can be trending down when things are bad, up when things are good or sideways when neutral and investor wanting to profit out of any situation, found many ways of making money out of any situation they can predict.
I could tell you my personal opinion about how to invest for retirement (index fund / low fee ETF that invest locally and abroad), but at this point you would be taking financial advice from a RUclips comment.
Personally, given that we live in a system governed by money, I find it somewhat shocking that most develop country don't include more economics in their curriculum. Especially since we expect everyone to manage the funding for their retirement. If everyone had a nuclear reactor in their home I would hope there would be a more structured effort to educate people about nuclear science. Maybe not PhD level, but enough to know what to do when Geiger counter level is bad.
My god, life is beautiful 😊
if I'm Jim Cramer, I would intentionally recommend terrible funds, then buy a short cramer, and watch as money line my pocket.
But you'd be inviting class action lawsuits by doing that. And we all know how lawsuit-happy Murica is! 🤣🤣🤣
Thanks again
what are all the movies you use as illustrations for your videos? I recognize :
- wolf of wall street
- the big short
- margin call
- money monster
Rogue Trader
Trading Places
Scarface
The hangover
Thank you for smoming
The Arrested Development Ending puts a smile in my face
LJIM = Long Jim, SJIM = short Jim, FJIM = F*** Jim
My dad loves Cramer, and i kind of followed in my earlier years. Ive since learned better, but my dad still thinks Cramer is great. I have to admit tho, Cramer said buy NVDA, so my dad did in december '23, and as of about 6 weeks later, its up over 35%.
I feel inverse Creamer might be a safer play to do with credit spreads
Gotta watch those types of ETFs and sell at the end of the day ALWAYS. Reminds me of one we had here in Canada (HVI) which was an "S&P 500 VIX Short-Term Futures Daily Inverse" ETF which was going gangbusters until one day in 2018 the company decided to close the fund. It had been trading at $21/share and then the next day it was closed, and they gave everyone $2 per share.
How is that legal? If they close it themselves shouldn’t the payout be be the share price?
@@FarawayTundra Nope. They only have to pay out the NAV price as outlined in the prospectus. The trading price is determined by what other traders will pay for it. This is true for any ETF. Since these types of ETFs use swaps, derivatives, leverage, the NAV price is very "flexible" to say the least.
An index ETF that had a very low tracking error would have paid out close to the trading price because of the way it's structured. But ETFs like HVI are very risky and it said so in the prospectus. But most people didn't read it.
When I had cable it's was CNBC BET , Cartoon Network and later on MTV Jams🙏🏾
Step 1: look at penny stocks that have a 100 percent return
Step 2: buy enormous amounts
Step 3: trade when you make profit
Step 4: repeat steps 1 - 3
hmmm, could Cramer himself buy or sell before he announces what he is going to do? would that be insider trading? He could argue "hey, I'm just doing what I want and then telling people what I did."
No, because he is knowingly using his influence to manipulate the market and profit from it. There is criminal intent.
Ask yourself if you think a jury of 12 would believe him.
That would be market manipulation and he would be screwed.
Ask Elon Musk...😁
@@OutworlderYeah, you get friends to do that
Ever since amc days, all traders realized, Jim's calls where so bad, results would be inverse, everything he's ranting on Twitter, he's says buy this stock, it gets shorted off a cliff the next day
I find his show entertaining and it does get people into investing but like anyone he is wrong alot.
No, he's about speculating which is very different from investing.
Inverse Jim always work somehow
i would really love to buy SJIM but sadly i do live in germany, so its not available at our brokers... i guess i will just stick to my dividend/growth portfolio
The Arrested Development scene at the end!! 🙌🙌 | "We're up from 'SELL'!?" 😆😆😆😆
If Cramer made 10M annually as a trader, why would he ever consider a TV show? Does anyone REALLY think he was handed a contract that guaranteed 10M? Especially at the start of his show? He MIGHT have been given a 2yr, 1M deal to start, and then maybe another 2yr 10M deal. He's totally full of it
What's that Robert Sean Leonard clip from?
Cramer is if WallStreetBets was a person.
Jim Cramer is a law school graduate masquerading as a finance expert.
I've heard *SO* many professional traders who "fade" (trade in the opposite direction) to Cramer.
Just treat him as an entertainer, not a serious analyst.
My Brother-in-Law used to watch Mad Money all the time, then I caught a clip on RUclips where Cramer said buy Bear Sterns. Less than a week later, Bear Sterns went under.
$10 mil a year TAKE HOME pay? That's insane.
I have made some money in stocks by doing opposite of what news tells or tries to sell , by going short in options or long it's actually true , my experience is 10 years old , pros pay these news channels to pump stocks
Pros don't have to pay the news channels. Why waste so much money? News channels want to look at least somewhat reliable. They will also want news. They need them to fill their programming. They will claim that shares are going up after they've been going up for a while. Thing is after they've been going up for a while they will stagnate because the traders will know that they were going up and only the inexperienced people will be still buying them. There will be stagnation and a probably a fall later on.
Yeah there are already guys who have made money by doing the opposite of what he says
Is knowing which stock Cramer will talk about constitutes insider trading? Isn't this an equivalent of an anlyst report being published, without material knowledge on non-public information?
News channels get money to show stocks on their channels i have some experience in this area and host , analyst banks funds are in on this , they have huge massive posiotions in these stock and on top that they get advertising fees and backdoor deals
Cramer is great at what he does. He is one to look at short term investments, and his picks tend to be great... For about a week.
The problem of course is that he is popular, so the second the words leave his mouth a bunch on retirees push in their gambling money, and most are too slow to make it in on time. Then a week later normal market forces take over, and people are down, and sell out which pushes the stock down and is typically an OK time to jump in again. It's just so consistently crazy.
Glorious
I'm personally waiting for the Inverse Monkey Dart ETF. Short everything the monkey hits.
Historically, you'd have been slaughtered by shorting the monkeys.
That's just a bad idea.
As long as I can't lose more then 100% of my gamble on this it seems like a fun time.
He's good during a bull market, which a lot of people can do. I don't dislike his stock picks, but he does appear to try to time the market and says nobody can, which is correct of course. It's not an exact science and nothing is predictable. Have to do your own research as well. There's a lot of people who make fortunes from the ignorance of others. For example, a wealthy 19th century diamond trader made lots of money out of diamonds but he was never a miner, who he traded the diamonds from for things like food and mining equipment.
The investment club thing is a bunch of good stock picks that don't fluctuate as would 20 stock recommendations a day, which is unfair because there's a lot of talk on the shows. The club stocks change a lot slower. He doesn't suggest things like shorting or weird ETFs, just stocks, and cycles them around based on market conditions. So in a bear market his investing club will lose - no doubt there - that's normal, but he's trying to drive a bunch of viewers who will freak out if he starts trying to teach them advanced trading strategies. In long investment only.