Can Jim Cramer make you rich ?

Question

Do you really know anything about stocks?

Have you made a million in the market ?

Answer 1

1 - never heard of him

2 - anything, yes ,,, much? nope

3 - haven't checked today but once I fill my gas tank this afternoon, I'm pretty sure it'll be gone.

Answer 2

Jim Cramer is a great help.......if he says buy on his show wait a couple of days or so and then sell it......he has such a following that the speculators make the stock over priced and then it retreats.....but always do you're homework he does have some good ideas for the long term

Answer 3

first, it depends what you consider rich. Second, you need to have enough money invested to get the high profits. If you invest $2,000 and the stock goes up 20% that is not going to make you rich but if you invest $150,000 and the stock goes up 20% you will obviously have gained a higher profit.  I would not really follow his advice unless you want to always check your stock and do your homework. Your better of putting the money in a nice diversified 401k or a roth IRA, but just make sure they are no load with a low expense ratio.

Answer 4

Jim cramer is an entertainer. He may be able to help gain wealth bu tbecomeing rich off his advice is unlikely

Answer 5

Barron's checked his forecasts a few months back. Results were less than the S&P500.

Even if it was better..... He still doesn't help you with the most important part of trading....... money management.

Remember success in trading requires;

The right stock in the right direction, at the right time.

Position Sizing

Money Management (contolling losses)