Is it Time to Short Jim Cramer?

#Morningstar #JimCramer #ETFInvesting

These new ETFs are putting money where Jim Cramer's mouth is - here's why you should treat it as entertainment.

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Ruth Saldanha @KarishmaRuth

Ryan Jackson @TheETFObserver

[jecny]

I'm giving this a thumbs up just for the title. But serious long term investors will have most, or all of their stock portfolios in one or two cheap index funds. As a stock picker Cramer's long term track record is about what I'd expect for a Wall Street money guy. Over the last twenty years Cramer has beaten the S&P 500 seven times. Generally, by narrow margins. The other 13 years he underperformed, sometimes badly. When you factor in the added expenses and taxes incurred by his frequent trading, and the lost compound returns because of that missing money, he has missed by a very wide margin. Once again, it is almost impossible to beat a cheap index fund over the long run.

[bigfan]

Thank you for the title. Do one for Mr. Wonderful.

[kinpatu]

Cramer's stock advice has historically been quite bad; the whole field of stock picking is bs to start with. But if you say something really loudly, and add some theatrics, it makes for its own brand of entertainment. That's all his show should be used for.

[joepart]

Look Jim is a theatrical act, making as much money for himself as possible. He’s an entertainer & that’s fine ….as I said he’s an show biz making money for himself.

[walker]

I view both of these ETFs as a first derivative of Cramer. Would not follow any them as anything other than a curiosity.

[MattBaker]

Way past time. He is an embarrassment.

[michael]

Can confirm that Cramer is the chief jester of the market.

[thomas]

Jim who? (Hoping to go long John Bogle.)