Why I Turned My Back On Jim Cramer

May 21, 2012 3:22 AM ETAAPL, CSCO, GMCR, ORCL, ZSL, RVBD121 Comments
George Acs profile picture
George Acs

I tend to be someone with a short attention span and I tend to move from interest to interest and project to project. Yet for so many years in my investing life I knew nothing but "buy and hold" and never really questioned its validity.

I've had blogs before, each running for precisely one year. The first was in honor of my father who was a Holocaust survivor and had a unique sense of humor. I got a lot of satisfaction in that year knowing that more people had watched a crude PowerPont presentation about his life than he would have ever met throughout a lifetime.

The second blog was at the insistence of my sons who thought that it would be a good way to promote my book. They also got me to start Tweeting and I did so fairly obsessively in the same pursuit.

To my amazement, somehow, with very little to offer in return, I've had a very loyal Twitter following, particularly since I was a self-described "nobody" who rarely followed back. For about a year, I was an continuing annoyance to anyone that was not discerning enough, including some who were far more credible than I.

I tried to cut the addiction, but one follower, CNBC's Herb Greenberg, scoffed and said that I couldn't, as I was addicted.

So I tried limiting to just one Tweet each day. Then I bent the rules and chose not to count re-Tweets or responses in the count.

Greenberg Tweeted that I should "hold down the fort" while he was on vacation. Pretty cruel, don't you think? He made his prediction a self-fulfilling prophecy by also acting as the enabler.

One thing that I found during my drastic reduction in Tweeting was that my Follower numbers grew. What exactly should that

This article was written by

George Acs profile picture
I am a simple individual investor who believes that the playing field is level, but may require active management of one's holdings. I've devised a series of steps that constitute a highly defined covered option strategy that most anyone can follow and that I've described in Option to Profit (2011). Having retired from a career in Pediatric Dentistry, approximately 10 years ahead of schedule, after spending the previous 10 years working just 2 1/2 days each week, I now spend my time trading.For almost 5 years I alerted others of trading opportunities in large cap positions through the Option to Profit subscription service, a premium subscription service that provided actionable Trading Alerts via text messaging or e-mail at my old site www.optiontoprofit.com. As of January 2, 2017, the site  and the name "Option to Profit" are no longer mine. as I've again joined the dark side and taken the easy money. But I've returned to my blogging roots on January 2, 2017 by resurrecting the old TheAcsMan.com ad supported web site, open to all.That, too, ended and the new, subscriber based LEAPtoProfit.com which launched July 2018 and is geared to the less active trader who is either shifting into a "buy and hold" strategy, as am I in this next to final stage of my investing career or seeks to milk an existing "buy and hold" portfolio.Current;y. the LEAPtoProfit p[ortfolio is fully invested and the paywall has been removed until December 2019 when I expect an infusion of cash from position assignments.Ultimately, I hope to make my stock portfolio improve the quality of my life. Whatever stage of life you are in, you can make your stocks improve that quality by putting them to work for you and perhaps LEAPtoProfit can be part of that process.

Recommended For You

Comments (121)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.