View Full Version : Mutual Fund Idea
06-18-2006, 10:25 AM
I would like to be able to invest in a mutual fund designed to follow Master Cramer's Action Plus News Letter--I am cognizant Master Cramer could not directly nor indirectly be involved
I tried his newsletter for a trial period and regret I do not have the loot to fully participate--I think the "real" Cramer is as good as it can be in the stock market
06-18-2006, 10:45 AM
I think his self imposed restrictions make it less than optimal, you may find others that closely resemble his fund but have the freedom of not being a big TV star. I think that's the definition of hedge fund, you just have to find one you trust that will let you in. Or start your own, 5 or 10 million in cash and a research staff of 4 or 5 full timers will get you started. When I started this trading thing I had that fantasy, sold some real estate, gathered up a pile of cash, chickened out, gave the money to my Merrill Lynch guy except about 5% for E*Trade, and am damn glad I did.
06-18-2006, 10:59 AM
I understand your point, but I would like a fund that tracks his FOR-REAL stock plays--NOT the mad man he plays on TV, who, for example, to separate the ads, has to do too much "filler"...The research staff of this dream fund would be a minimum..I like the guy I read about in his "Confessions of a..." book, which, along with the trial news letter, impressed me...When you hear Master Cramer on "Imus in the Morning," i.e., off "Mad Money," he is good...I would love to have a fund that would tap into his Wisdom...In the Real World, he is deversified and deals with "Best of Breed" and sure he screws up, but he wins enough more than not...
06-19-2006, 12:30 AM
off topic but does cramers radio show play on local radio stations or what? Or can you only get it from the net?
06-19-2006, 02:54 AM
Does this help?
Tip: if you want to follow Master Cramer, do this homework assignment: get to know his web page, e.g., he offers recaps of his radio/tv shows, his good as well as bad picks, etc
06-19-2006, 02:56 AM
To be more precise on his actual stations:
06-19-2006, 09:23 AM
Having read confessions and you got screwed, all i know is Cramer has problems with mutuals. Besides the role they played with the tech bubble bursting, Cramer often points out that mutual funds over any practical size are merely index funds with higher fees. He has other issues, but you'll have to read the books( i know zyzzy has). He strongly advocates hedge funds for those without the inclination for homework, because he feels it is the only way the manager and the client are on the same page. All and all, when given a shot, Cramer's wisdom is the real deal. I think people forget Cramer was a journalist first (Bundy right?) and not to take too seriously his antics. I think his largest concern is to get people interested, and he does a wonderful job. I think even with the restrictions he still does well for action alerts. Just my thoughts.
06-19-2006, 12:21 PM
First and foremost, Cramer is a great salesman. You'd have to be if you manage a hedge fund. How else can you get people to believe in you if you're not a great salesman? I see Cramer now as a great "Oz" from the Wizard of Oz. You can credit many of his ideas now from his research team....the brains of his stock picks. You should read the article in Business Week about Cramer. You'll get an idea of his typical day and you'll know that he doesn't have time to do the research himself. With that said, I sure would love to see Cramer's ideas without all the disclosure and trading rules that he has to abide by.
06-19-2006, 09:14 PM
Master Cramer has said he charges something like $500 per hour for advice, but with the serious coins he makes now, I doubt he would piss on you if you were on fire for less than a $100K, unless you were some big shot like Donald "Amazing" Trump who needs no advice...
Again, a fund to track the real Cramer would have no direct nor indirect association with him other than a subscription to his newsletter to follow the real Cramer--Remember and note just how few of the stocks he mentions he actually owns--What is important is where he puts his own money to see just how strong he feels about a stock--This separates the puff from the grain! The problem few of us veiwers can afford to participate to the degree needed to make some real loot...For example, without the newsletter and some serious loot we cannot shoot in and out and in on stocks as Cramer...Cramer likes a stock on his show, but if he changes his mind and no viewer asks, then we are left holding a dead fish! With the newsletter you can track his moves BEFORE he makes them, but again, this takes some mighty serious coinage to do so!
06-19-2006, 09:38 PM
I bet a few fund managers have his subscription to Action Plus News Letter.
06-19-2006, 10:31 PM
You could always subscribe to the Action Plus Letter, and open an account with a broker that offers autotrades.
I know you said above you didnt have the loot for the Letter, but this may be the only alternative, except for the fact like Nathan said above, a few fund managers probably have a subscription, if nothing else to go momentum with a few 100k.
06-20-2006, 03:59 AM
(1) I suspect "Mad Money" drives the big shots up the wall they don't have a show; they are, after all, Masters/Mistresses of the Universe--some getting on the day side of CNBC to bloviate, who, when in doubt, blather about the "Reverse Yield Curve"
(2) A new psychosis: "Cramer Envy"
(3) The common refrain of the Wall Streeters: "Oh, I have heard of him, but I don't watch him"--La-de-dah, Good gawd! Can you imagine how much loot Cramer makes for Scottrade alone
(4) Master Cramer is the rogue magician who shows tells the audience how the tricks are done, but I like to know how the tricks are done, even though I still cannot pull them off
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