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damnwhale t1_j0q4mhi wrote

Reply to comment by Krakenspoop 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

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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