Achieve Your Financial Goals
Did anyone read the article by Jim Cramer on TheStreet.com about how we should all buy Bear Stearns stock when it was at $64? Well, if you didn't catch the article, you won't be able to because they took the article down as soon as Bear Stearns tanked.
This is just another example about how Jim Cramer is wrong on many things. He is especially wrong when he uses entertainment antics to convince amateur investors to get involved with things they know little about.
The best advice is to own low cost funds for the long term, but there is no entertainment value in that advice so Jim Cramer tells his viewers they should buy and sell like auctioneers.
This is just another example about how Jim Cramer is wrong on many things. He is especially wrong when he uses entertainment antics to convince amateur investors to get involved with things they know little about.
The best advice is to own low cost funds for the long term, but there is no entertainment value in that advice so Jim Cramer tells his viewers they should buy and sell like auctioneers.
Replies to This Discussion
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Permalink Reply by James Scott on -
I found the video! This is a great reason to never get your financial advice from cable television.
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Permalink Reply by Greg on -
I remember a program when he got up close to the camera and winked and knodded and said BSC was right for a takeover and would be a good place to put your money for some real gains. I lost 10% of my retirement on his "pump & dump" crap with Bear Stearns.
He did the same thing with Smith & Wesson but I timed the market to squeek out a 50$ profit on 600 shares. I only made a profit 'cause I kept buying on the way DOWN and caught a rally to sale! Got lucky, no thanks to that asshole.
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Permalink Reply by James Scott on
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I'm thinking about opening an online investing account.
Do you use an online service that you would recommend?
Is it easy to track taxes and fees?
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