Cramer's 3 Misguided Comments About Berkshire Hathaway [View article]
Cramer is consistent on one front ... he's always inconsistent.
When the market discounted the worst case senario for Europe, Cramer was all doom and gloom. The only stocks you should hold are dividend stocks. Now that the market has recovered, he is taking credit for "getting behind" the high growth non dividend stocks he recommended in 2009 and 2010. It's nice to have it both ways.
Cramer thinks he competes with Buffett as one of the worlds great investors. Buffett basically ignored his comments during the CNBC interview. I think Buffett has it right.
Cramer's Stop Trading! Exxon's Moment Is Over (1/24/11) [View article]
Cramer simply missed XOM, which is up 33% over the past 6 months, beating CVX by a solid 10 percentage points. XOM was way undervalued, but Cramer has some issue with the company or CEO, so he has been recommending other oil companies like CVX. If you listen to Cramer, you missed a nice XOM run. It may take a break here, but it's still a better long term choice.
Sector Selector: Bullish on Financials and Healthcare, Cautious on Energy and Materials [View article]
Morningstar's 5 Star, "wide" moat stocks have trailed the market since the recovery began. Their record on technology is dismal since their bias is conservative, slow, and steady. As an example, they have rated Salesforce.com (CRM) a 1 Star (sell) for the past 60 points higher. They are also extremely slow to react to changing information (example APOL and JOE).
As a Morningstar Premium suscriber for years, I understand these weaknesses, challenge their analysts, and use the many good tools and related info on the site.
Just be cautious using Morningstar alone to direct sector or individual stock weightings.
I bought Ford at $2, and sold at $17. Both Ford and GM are saddled with the handicap of the UAW. GM still has a $29 Billion unfunded Pension liability, and the UAW refused to give up a defined pension in favor of 401Ks like the rest of corporate America. The preferred GM share sale today puts a small $4 Billion dent, And already, the UAW is making noise about sharing in future profits. Long term, if the UAW does not change, both GM and Ford will trend back to where they came from. Even after near death, the UAW doesn't get it. And our government supported this behavior.
Cramer's Lightning Round - Alcoa Is Dead Money (12/14/11) [View article]
Alcoa was one of Cramers 2 stock picks of the year for 2011. The other was Bank of America.
His strategy is to distance himself from really bad calls ... and he makes alot of them. Then he will try to pull "the facts changed" excuse. The only fact that matters is that Cramer is an average stock picker at best.
Cramer's Lightning Round - Natural Gas Is Coming Out of Purgatory (11/15/10) [View article]
Cramer has been wrong about Natural gas for years (your title). After parading out the CEOs of Chesapeake, Devon, Range Resources, Apache and recommending them to viewers he emerges once again.
Natural gas may sound logical, but it has not been a good investment. It requires significant infrastructure investment to make it viable for transportation, supply and production outstrip demand, and it's not easy to export.
Cramer deserves to be on his own wall of shame for being wrong on his Natural gas theme for so long.
So, Reality Income was not part of Valuentum's Dividend Growth Portfolio when it was selling for $18, $25, $30, or $35? It's been part Morningstar's DividendInvestor Portfolio for the past 5 years.
In 4 billion years, the S&P will be 0 (yes, Zero).
That's when the tectonic plates stop moving and the planet earth comes to an end. And with it, the economy and stock markets.
It's easy to be negative. Just look at all the doom and gloom geniuses and market historians, that missed the post financial crisis recovery. I guess if I had missed every bull market in the past 50 years, I would be angry and predicting the gloom as well.
We have 4 Billion years to prosper. Don't waste it.
14 Cramer Buy Recommendations - A Review [View article]
It's very rare to see a factual review of Cramer's picks. It's very useful for viewers to understand his real performance, not the performance he believes he has achieved.
Cramer would explain away the losers as "the facts have changed". Look at his recent flip flop on MHS ... after it had reacted to the Calpers news. As one of his picks, you would expect him to be in front of the selloff, not making excuses after the damage has been done. And Gold? Buy, Buy, Buy in December until you have 5% of your portfolio in Gold. In Jan ... don't buy Gold (after it already fell). In Feb, Buy, Buy, Buy Gold. Now, don't buy Gold. After the move up today (Mar 23) it will be Buy, Buy, Buy again. It's like watching a yo-yo.
If you attempt a longer term 3 / 6 or even year long review of Cramer's picks, you will never be invited on his show, and likely be hit with several law suits. Cramers does not want an accurate assessment of his performance. It would absolutely kill the show.
But for viewers, it's great. Cramer is a legend in his own mind. We need the real facts
Boosting Your Portfolio With Preferred ETFs [View article]
Preferreds can be an excellent investment, if you buy them at the right time. I bought PFF in May 2009 shortly after the meltdown for $25. So in addition to a 56% capital gain, I am earning over 11% in dividends.
However, this is the time to reduce holdings or sell, not to start a position. As interest rates move higher, PFF will respond by moving lower. It's already begun ... in September PFF was over $40, and closed at $38.98 Friday. The stock market is up, but so were interest rates.
Timing is everything with Preferreds. You will have a much better entry point in the future.
What's a Safe Withdrawal Rate? These 10 Dividend Stocks Are the Answer [View article]
I retired at 56, 3 years ago. I hold both dividend growth and "harvest" companies (utilities and MLPs) ... terms used by Josh Peters of Morningstar DividendInvestor. During the financial meltdown, I added JNK (ETF High Yield Bonds) and PFF (ETF Preferred shares) Both currently yield over 12% on my cost basis and pay dividends monthly.
My withdrawl rate is simply 50% of the dividends I generate. The other 50% gets reinvested. I do manage a significant portion of my portfolio for overall growth as well. Yes, I do have a modest pension, but I always planned to continue growing my portfolio in retirement ... and it's working. I think the issue of a withdrawl rate depends on each situation, preparation prior to retirement, and taking advantage of opportunities the market offers.
"The responsible parties in municipal and state governments did not care about the fact that any sort of dispassionate mathematical analysis had to inescapably lead to the conclusion that they would go bankrupt."
In CT, they don't care about anything other than getting re-elected. The easy way to get re-elected is to promise the public sector employees anything they want ... in exchange for their vote. It's a "good old boy" network that has developed over decades, and it's not going to change. Unless the voters wake up before town are forced into bankruptcy.
Cramer is right to listen to analysts at your own risk. Too bad he doesn't apply this standard to himself.
Let's go back in time for a Cramer classic. Cramer named Bank of America BAC his "stock of the year pick" for 2011. It started the year at $13.85 and ended the year at $5.56. Along the 60% decline, Cramer claimed "the story had changed" and management was terrible. He ran away from the stock, and never reference his "2011 pick of the year again". As questions came in, he hit the "sell, sell, sell" button. It was like it never happened, and he hoped all his viewers forgot it.
Somewhere along the way, Warren Buffet had his morning vision and bought BAC ... I think around $7.
Fast forward to 2012. BAC closed yesterday at $11.36. It's up over 100% for the year.
So, yes Cramer you are right. Listen to analysts (including those on TV) at you own risk. As far as liking to "buy low and sell high" you violate that simple rule over ... and over .... and over ..... and hope we all forget. Cramer truly is a stock picking legend in his own mind.
The Most Deceptive And Dangerous Financial Headline I Have Ever Seen [View article]
Luckily, I've been using James as a reverse indicator, and that has worked well.
Cramer's 3 Misguided Comments About Berkshire Hathaway [View article]
When the market discounted the worst case senario for Europe, Cramer was all doom and gloom. The only stocks you should hold are dividend stocks. Now that the market has recovered, he is taking credit for "getting behind" the high growth non dividend stocks he recommended in 2009 and 2010. It's nice to have it both ways.
Cramer thinks he competes with Buffett as one of the worlds great investors. Buffett basically ignored his comments during the CNBC interview. I think Buffett has it right.
Cramer is entertaining. Buffett is an investor.
Cramer's Stop Trading! Exxon's Moment Is Over (1/24/11) [View article]
Sector Selector: Bullish on Financials and Healthcare, Cautious on Energy and Materials [View article]
As a Morningstar Premium suscriber for years, I understand these weaknesses, challenge their analysts, and use the many good tools and related info on the site.
Just be cautious using Morningstar alone to direct sector or individual stock weightings.
Bumpy Ride Ahead: Sell Ford, Buy Toyota, Avoid the GM IPO [View article]
Cramer's Lightning Round - Alcoa Is Dead Money (12/14/11) [View article]
His strategy is to distance himself from really bad calls ... and he makes alot of them. Then he will try to pull "the facts changed" excuse. The only fact that matters is that Cramer is an average stock picker at best.
Report: Germans About To Launch Bomb Within Heart Of Europe [View article]
Panic !
OMG .... it's WW III !!!!!
Sell everything now ... then short everything you owned !!!
My unnamed sources confirm your unnamed sources have their finger on the pulse of Europe!
Cramer's Lightning Round - Natural Gas Is Coming Out of Purgatory (11/15/10) [View article]
Natural gas may sound logical, but it has not been a good investment. It requires significant infrastructure investment to make it viable for transportation, supply and production outstrip demand, and it's not easy to export.
Cramer deserves to be on his own wall of shame for being wrong on his Natural gas theme for so long.
O Is A Buy, Not A Bargain [View article]
Where have you been?
I agree with Brad... and Josh Peters.
Will the S&P Fall to 400? [View article]
In 4 billion years, the S&P will be 0 (yes, Zero).
That's when the tectonic plates stop moving and the planet earth comes to an end. And with it, the economy and stock markets.
It's easy to be negative. Just look at all the doom and gloom geniuses and market historians, that missed the post financial crisis recovery. I guess if I had missed every bull market in the past 50 years, I would be angry and predicting the gloom as well.
We have 4 Billion years to prosper. Don't waste it.
14 Cramer Buy Recommendations - A Review [View article]
Cramer would explain away the losers as "the facts have changed". Look at his recent flip flop on MHS ... after it had reacted to the Calpers news. As one of his picks, you would expect him to be in front of the selloff, not making excuses after the damage has been done. And Gold? Buy, Buy, Buy in December until you have 5% of your portfolio in Gold. In Jan ... don't buy Gold (after it already fell). In Feb, Buy, Buy, Buy Gold. Now, don't buy Gold. After the move up today (Mar 23) it will be Buy, Buy, Buy again. It's like watching a yo-yo.
If you attempt a longer term 3 / 6 or even year long review of Cramer's picks, you will never be invited on his show, and likely be hit with several law suits. Cramers does not want an accurate assessment of his performance. It would absolutely kill the show.
But for viewers, it's great. Cramer is a legend in his own mind. We need the real facts
Boosting Your Portfolio With Preferred ETFs [View article]
However, this is the time to reduce holdings or sell, not to start a position. As interest rates move higher, PFF will respond by moving lower. It's already begun ... in September PFF was over $40, and closed at $38.98 Friday. The stock market is up, but so were interest rates.
Timing is everything with Preferreds. You will have a much better entry point in the future.
What's a Safe Withdrawal Rate? These 10 Dividend Stocks Are the Answer [View article]
My withdrawl rate is simply 50% of the dividends I generate. The other 50% gets reinvested. I do manage a significant portion of my portfolio for overall growth as well. Yes, I do have a modest pension, but I always planned to continue growing my portfolio in retirement ... and it's working. I think the issue of a withdrawl rate depends on each situation, preparation prior to retirement, and taking advantage of opportunities the market offers.
Nowhere To Hide: Munis [View article]
In CT, they don't care about anything other than getting re-elected. The easy way to get re-elected is to promise the public sector employees anything they want ... in exchange for their vote. It's a "good old boy" network that has developed over decades, and it's not going to change. Unless the voters wake up before town are forced into bankruptcy.
Cramer's Mad Money - Citigroup's 2 Lamentable Apple Calls (12/18/12) [View article]
Let's go back in time for a Cramer classic. Cramer named Bank of America BAC his "stock of the year pick" for 2011. It started the year at $13.85 and ended the year at $5.56. Along the 60% decline, Cramer claimed "the story had changed" and management was terrible. He ran away from the stock, and never reference his "2011 pick of the year again". As questions came in, he hit the "sell, sell, sell" button. It was like it never happened, and he hoped all his viewers forgot it.
Somewhere along the way, Warren Buffet had his morning vision and bought BAC ... I think around $7.
Fast forward to 2012. BAC closed yesterday at $11.36. It's up over 100% for the year.
So, yes Cramer you are right. Listen to analysts (including those on TV) at you own risk. As far as liking to "buy low and sell high" you violate that simple rule over ... and over .... and over ..... and hope we all forget. Cramer truly is a stock picking legend in his own mind.