Why is Jim Cramer and Donald Trump Trying to make us money?

Question

Last year came across an article explaining why those people are trying to me us rich (please don't tell me they are saints). I never had a chance to read the article back then, but now the thought is coming back again. I tried Google and Yahoo but couldn't find it. Someone please Help?

Answer 1

BothTrump and Cramer are trying to sell you thing, either their books, the classes or a subscription to their service.

Cramer is a show man, he's more b.s. than anything, but people like that and follow him

Trump is a smart man but he's also a sleeze that has hurt amny people in making his money.

Following these people does not guarantee you a chance to make money, nor more than following Warren Buffett will make you rich.  You have to learn in a way that's best for you.

Here are some books that can help you

The first book you should read is Rich Dad Poor Dad by Robert Kiyosaki

Then try some of these

What Works on Wall Street by James O'Shaunessey

Beating the Street by Peter Lynch

One Up on Wall Street by Peter Lynch

The Warren Buffett Way by Robert Hagstrom

How to Make Money in Stocks” by William O’Neil

Look at some of these websites

http://moneycentral.msn.com/home.asp

http://finance.yahoo.com/

http://www.investors.com/?tn=top

http://investorshub.advfn.com/default.as...

http://www.thestreet.com

http://www.brokerage101.com/

http://www.1source4stocks.com/

http://www.decisionpoint.com/TAcourse/TA...

http://stockcharts.com/

http://www.grahaminvestor.com/

http://www.thestreet.com/

http://www.morningstar.com/

http://www.dividenddetective.com/

Reading some of the books, or visiting some of these webs sites will educate you more than anything Cramer or Trump puts out there.

Answer 2

Jim Cramer gets paid to do his show, and writes investing books.  He has already made his money on Wall St., so maybe there is a bit of him thinking he's a "saint" for educating investors, even though its for $, when he could keep it to himself and continue to trade for his account.

Donald Trump also has made his money elsewhere (real estate), but these days is focusing on building "the brand" that is Donald Trump - his name is on vodka, clothing, apartments (including ones he has nothing to do with development-wise), obviously his TV show, and the numerous books he has written / co-authored.  His biggest problem was always spreading his capital too thin, so when one of his real estate developments went under, it was like a house of cards.

So what can he sell to you without using any capital?  His name.  It's not like he owns a factory producing any of this stuff - someone makes a vodka and pays him to stick his name on it.

Answer 3

They are making themselves rich.

    both are making fortunes from giving financial advice