Cramer Podcaster: Jim's Picks Underperform

Paul Boyer believes you're likely to be angry if you follow the advice on Jim Cramer's "Mad Money" CNBC show. Boyer's Web site, MadMoneyMachine, has a daily monitor of investing in Cramer's recommendations, compared to portfolios of exchange traded funds and picks by Index Funds Advisors.

The latest results: ETF Portfolio, up 11.9% year to date; Cramer stocks, down 1.7%, and the IFA's 100 funds, up 12.57%.

Boyer built his "Cramer Portfolio" at the end of last year, based on the analyst's recommendations. He buys or sells stocks following comments on the analyst's TV show.

"It started out as a big fan site for Cramer," said Boyer, an electrical engineer who works as a software consultant for a San Diego-based company. "I wanted to follow his picks and see how well they did." After 10 months, Boyer says he's, personally, out of individual stocks and into index funds. "You don't have to think a lot and you can make a relatively good amount of money with a relatively small amount of risk."

Boyer also does a weekly podcast, sponsored by Index Fund Advisors. It's a mix of chatter about stocks, investing philosophies, recommendations for blogs and Web sites, and hard rock music, "to reach the Cramer demographic." He says the 30-minute show takes him about 14 hours to produce. "Researching stocks, finding the music, editing - it all adds up," Boyer said, during an interview at recent Portable Media and Podcasting Expo.

Listen to Boyer's comments.

During the almost 40 shows he's produced, Boyer has rarely used audio clips from Cramer's TV show. "I like my house and I don't think it should belong to NBC," Boyer said.