I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Friday 5 December 2014

Charles Payne: Cramer’s Never Wrong, and That’s The Problem!



Uncle8888 just has a good laugh!

LOL!


Read? Charles Payne: Cramer’s Never Wrong, and That’s The Problem!

When it comes to long-term investing strategies, TheStreet.com's Jim Cramer is hard – and potentially hazardous -- to follow, according to FOX Business Network’s Charles Payne.

“My biggest problem with Cramer, is … every single day he changes his mind. Whatever stock is up that day, he likes. Whatever one is down that day, he dislikes ... he’s never wrong,

Payne said Thursday on FBN’s Varney & Co. On Wednesday, the NY Times’ DealBook reported that investment manager J. Carlo Cannell sent TheStreet.com (TST) a letter this week that “brimmed with invective for the media company’s most familiar face.”



“You are 59. When you lie upon your deathbed, how will you reflect upon your legacy? You will have done well, but how has the common shareholder done?,” the activist shareholder wrote directly to Cramer in the letter.

CW8888: Same to be said to our "Gurus" here. 

You will have done well, but how has your followers or disciples done?,”


Payne said when it comes to smart investing, volatility is a common denominator, and keeping a longer-term vision is critical.

“The bigger issue is confusing guidance where one day everyone should sell everything because of Ebola, but magically be long when the market is at an all-time high a month later.  I know the pressure of both and it’s easy to let the tail wag the dog,” Payne said. 

Payne said Cramer’s strategies are too focused on following the day-to-day trends, as opposed to seeing them before they explode.

“I just feel like the man has crumbled under the pressure. And, unfortunately…I don’t see how anyone who watches him on TV can make money,” Payne said.

“There are enough day traders on television giving advice to people looking to build long-term wealth for the future.”

1 comment:

  1. CW8888: Same to be said to our "Gurus" here.

    You will have done well, but how has your followers or disciples done?,”

    Hahaha... their job is just to teach how to fish. However, their method may not suitable for you.

    Gurus only show their past 'successes" and use them for their sales pitch. They view their 'success' as a product. They just sell a product. Do they show their recent successes? No? Apa then?

    Their product may not suit you as you have different personality and character (mind set).


    ReplyDelete

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