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Krakenspoop t1_j0pvklj wrote

Reply to comment by SuperSecretAgentMan in Social media influencers are charged with feeding followers ‘a steady diet of misinformation’ in a pump and dump stock scheme that netted $100 million by Wagamaga

Yeah whens Cramer getting charged?

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meatsmoothie82 t1_j0pxyg9 wrote

No love for Cramer here- but he wasn’t buying low volume shit penny stocks- then waiting and telling his 100k followers to buy to send the price higher then selling his shares to them.

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damnwhale t1_j0q4mhi wrote

The difference is jim cramer is somewhat qualified despite being so consistently wrong, to give financial advice. He actually studied finance at Harvard and worked at Goldman Sachs and other hedge funds.

Hes not some tool on tiktok who has literally zero business giving any advice to anyone.

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derpderpdonkeypunch t1_j0q6h4v wrote

If you do the opposite of what Cramer says you're more likely to make money than you are following his advice. He's a fucking joke.

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TeaKingMac t1_j0rr8mo wrote

He's not a joke. He's a tool of the establishment.

Cramer promotes whatever Brian Roberts and his fiends want to sell. The people who watch Cramer buy that stock, the price goes up, and the primary holders sell.

That's why he's so consistently wrong.

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iOSAT t1_j0qa7df wrote

Unfortunately good investment advice would make for a terrible daily television show. Informing people how to establish 10% annual returns over 30+ years on a diversified portfolio, isn’t as exciting as telling people about THE HOT NEW DISRUPTIVE TECHNOLOGY THAT COULD CHANGE [industry] FOREVER.

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damnwhale t1_j0qx8r0 wrote

Truer words have never been spoken friend

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Poppadoppaday t1_j0s7v1k wrote

Yup, the barrier to sane investing has never been lower. But buying target date index funds from Schwab or whatever isn't exciting. Market returns won't make you rich anytime soon.

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pablooliva t1_j0qisui wrote

I do not understand how Cramer is still giving advice. If anyone remembers his interview on John Stuart, I thought he would never return to the public after that: https://www.youtube.com/watch?v=8RkqzRs95Sc This is the best clip I could find. I never liked the dude, but I felt bad for him after that interview, not that he and the rest of finance media did not deserve it.

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happyscrappy t1_j0q9quh wrote

He's not my favorite guy. But he's not paid by the securities themselves to deceive.

You're allowed to be wrong. You're not allowed to paid to be involved in a scheme to deceive.

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TeaKingMac t1_j0rs74a wrote

He's not paid by the securities themselves, he's paid by his bosses and their friends who are invested in those securities

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happyscrappy t1_j0rt8cx wrote

If you have proof he is paid to flog particular securities then contact the SEC and get the ball rolling.

Or perhaps just admit he's not paid to recommend anything by anyone. He's just throwing out dumb ideas to fill an hour (is it an hour? I can't stand the guy) every weekday.

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