Cramer Pilloried for the truth

Kamala Trump

Kamala Trump

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Fox and Friends Morning show is bad mouthing Jim Cramer for telling his honest opinion about stocks, an act referenced in this article, excerpted below

http://www.msnbc.msn.com/id/27045699/
Jim Cramer: Time to get out of the stock market
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Cramer: Stock market too risky
Oct. 6: TODAY’s Ann Curry talks to CNBC’s Jim Cramer, who advises pulling out of the stock market if you are going to need your assets in the next five years.
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Economy in turmoil
Anxiety over the effectiveness U.S. government’s $700 billion bailout package for Wall Street, signed into law last week after much debate, angers regular Americans and spreads panic throughout the world’s financial markets.
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Bullish investors should turn into shrinking violets as the stock market continues its shocking downward spiral, CNBC’s “Mad Money” host Jim Cramer told Ann Curry on TODAY Monday.

In what Curry called a “dramatic statement,” Cramer emphatically urged any investor who has money they may need in the next five years tied to stocks to pull their dough out.

“I thought about this all weekend,” Cramer told Curry. “I do not want to say these things on TV.
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Good for him.

The key is five years.

People should leave their 401ks and such alone. Its a great time to be buying over the next few years.

One little bit of bright news in Nevada , BoA bought all of country wides assets in Nevada and because of the bailout and its added stipulations tens of thousands of home owners will not lose their homes.

How about your state?
 
Cramer is a retarded Keynesian Market Socialist who thought Bear Sterns was a good buy right before they went under. He's about the last guy to get investment advice from.
 
from an academic point of view anyone that's telling you to invest in equities short term (less then 5 to 10years I like 7 but am conservative) is giving you bad advice

when your 30 and not retiring (need money) till 65 you should be in all equities

When your 58 and not retiring (need money) till 65 you should move the portion you will need over next ten years into a safe vehicle. Its ok to leave the remainder in equities so as to gain to offset inflation. You will have to re balance periodically so that no money you need within 5-10years is in equity.
 
Chapdog said:
from an academic point of view anyone that's telling you to invest in equities short term (less then 5 to 10years I like 7 but am conservative) is giving you bad advice

when your 30 and not retiring (need money) till 65 you should be in all equities

When your 58 and not retiring (need money) till 65 you should move the portion you will need over next ten years into a safe vehicle. Its ok to leave the remainder in equities so as to gain to offset inflation. You will have to re balance periodically so that no money you need within 5-10years is in equity.
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Pretty much what I did quite a while back. Instead of equities I went with a business.
 
Desh said:
I put my 401 on auto balance a couple of years back.
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smart. for people that dont like to bother with such thing. Fidelity has a freedom fund line but i wouldn't subscribe to them. My thinking is sure im only 40% in equities with say the freedom 2015 however the fund is down substantially just like everything else. When you draw on that fund you are taking from across the board and not just from the 60% thats not in equity.

Frankly when im at around 10years out from retirement id put whatever i need in next 15years into fixed. then about 50% of the rest into an index. then the remaining 50% id buy dividend stocks with.
 
They survey you about your age and risk aversion and then calulate it personaly. They then age adjust it according to how many years to retirement.

Its sweet.
 
Desh said:
They survey you about your age and risk aversion and then calulate it personaly. They then age adjust it according to how many years to retirement.

Its sweet.
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I have the same thing. And I have resisted the urge to check it during the last few months.

I don't want to know right now.
 
I check it every day.

Im want to steel myself to the daily ups and down so I can impart it to my son.

I tell him when its gone down big and then tell him its OK because Im long term and it makes for a buying opportunity.

They need to have it drilled into their minds because the natural flight instinct runs against this idea.
 
Oh. So he's either an idiot, or just giving standard advice.

Which is it, fascists?

You're foolish if you think your money will save you.
 
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