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YouTubeMan I just love this show, I know he's not always right but he's made me some MAD MONEY!
Any one else like this guy? If not tell me about your experience with investing in the market. Have you had losses or gains in this economic climate?
BOOOYAH!
Columbus Underground Messageboard » General Columbus Discussion » TV
Happy 5th Anniversary to Jim Cramer's Mad Money
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columbusyuppie
Clintonville
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Posted 2 years ago # -
Rastapasta
Olde North
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Any one in finance sees him for what he is, a great salesmen. He made his money during the wild west days of hedge funds and certainly engaged in dubious (if not unlawful) practices. He could never replicate his success today.
SELL!
Since December, VRNM and NLY have been my personal money makers-- otherwise most of my portfolio is in mutual funds and bonds. As I have more time to devote to research now I plan on being more active in managing my portfolio. I think shorting the yen would be a prudent decision right now as well as being bullish on the dollar.
Last week I increased my bond allocation to 30%, I anticipate 5-10% growth this year across the market but we are due for a correction soon.
Posted 2 years ago # -
LBOWACC
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Funny, I work in finance (as you can tell by my name), and most certainly respect him for his investment record. He could certainly make those returns today. While I watch his show only for entertainment, to say he could not make those returns is ludicrous. You are acting like he got lucky, the guy went to harvard, and worked for goldman, i mean come on.
Posted 2 years ago # -
Rastapasta
Olde North
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LBOWACC wrote >>
Funny, I work in finance (as you can tell by my name), and most certainly respect him for his investment record. He could certainly make those returns today. While I watch his show only for entertainment, to say he could not make those returns is ludicrous. You are acting like he got lucky, the guy went to harvard, and worked for goldman, i mean come on.Cramer is nothing but hype. Since he worked for Goldman that means he knows his stuff? Couldn't the same thing have been said about those at Lehman brothers?
I am surprised you think so highly of the man, he has literally admitted to illegally and blatantly manipulating the market with his hedge funds...
Posted 2 years ago # -
LBOWACC
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Yes it does, not everyone at lehman was at fault, and cramer was in private finance group, hardly anything to do with CDO's. I help run a PIPE strategy fund that we are liquidating now, and believe me some type of manipulation occurs everywhere. Manipulation occurs from the valuation of illiwuid investments and charging you 2% fee based on investments that arent even liquid (though under fasb 157 you know are required to value them in a certain way, and most auditors will not complete and audit if an outside firm (houlihan, SRR, duff and phelphs) does not complete an outside valuation on those assets.
If you are going to cry about market manipulation, dont go into finance. you think stevie cohen or paulson are not "manipulating the market" with their funds? You are naive.
Posted 2 years ago # -
LBOWACC
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I am curious, you seem to be altruistic, and if you are why are you going into finance? Do you like creating earnings models? You enjoy modeling leverage buyouts? Do you like creating pitch books? Are these things fun to you? They sure arent fun to me, but I also wanted to be able to but a roof over my head, and not have to cry about "the man holding me down" so I went into finance. Finance is about making money point blank period. Models and bottles kid!!!!!
Just in case you were wondering I work for a bank managing a portfolio of highly illiquid investments. I also am analyst for 1 of our internal hedge funds because as I said it is a pipe strategy fund, and most assets are illiquid as fuck in it.
Posted 2 years ago # -
Core_Models
Columbus
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My stock picks for my IRA were posted here in another thread about a year ago. LTD (up 286% since then), RT (up 276% since then), and GNA (up 101% since then).
Posted 2 years ago # -
columbusyuppie
Clintonville
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Rasta: Since December, VRNM and NLY have been my personal money makers-- otherwise most of my portfolio is in mutual funds and bonds. As I have more time to devote to research now I plan on being more active in managing my portfolio. I think shorting the yen would be a prudent decision right now as well as being bullish on the dollar.
I too owned NLY Rasta, bought it at 2.00 something last March. I just sold it last week at about 18.00+ I am curious about bonds though. I want to add them to my portfolio and am looking at AA bonds offered by T at a 9% rate for 1-3 yrs.
Can some one 'school' me a little on how corporate bonds work and when is the best time to buy? I know that the Fed will increase their rates some time down the road which is bad but am curious.
Posted 2 years ago # -
Rastapasta
Olde North
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LBOWACC wrote >>
I am curious, you seem to be altruistic, and if you are why are you going into finance? Do you like creating earnings models? You enjoy modeling leverage buyouts? Do you like creating pitch books? Are these things fun to you? They sure arent fun to me, but I also wanted to be able to but a roof over my head, and not have to cry about "the man holding me down" so I went into finance. Finance is about making money point blank period. Models and bottles kid!!!!!
Just in case you were wondering I work for a bank managing a portfolio of highly illiquid investments. I also am analyst for 1 of our internal hedge funds because as I said it is a pipe strategy fund, and most assets are illiquid as fuck in it.I am going back to school for my MAC and plan on working in public accounting before going in to corporate finance. My interest in the market is related to managing my personal finances.
When it really comes down to it I am far from altruistic. I just don't look up to people who are pimping the system as being anything special-- they are just other people getting theirs and I will do the same for myself. ;)
Posted 2 years ago # -
Rastapasta
Olde North
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columbusyuppie wrote >>
Rasta: Since December, VRNM and NLY have been my personal money makers-- otherwise most of my portfolio is in mutual funds and bonds. As I have more time to devote to research now I plan on being more active in managing my portfolio. I think shorting the yen would be a prudent decision right now as well as being bullish on the dollar.
I too owned NLY Rasta, bought it at 2.00 something last March. I just sold it last week at about 18.00+ I am curious about bonds though. I want to add them to my portfolio and am looking at AA bonds offered by T at a 9% rate for 1-3 yrs.
Can some one 'school' me a little on how corporate bonds work and when is the best time to buy? I know that the Fed will increase their rates some time down the road which is bad but am curious.I have been buying in to NLY between $17-18 and will hold for the short term-- if the dividends drop I am screwed though. Right now I feel alright.
Are you holding the bonds in an IRA?
Posted 2 years ago # -
columbusyuppie
Clintonville
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Rastapasta wrote >>
columbusyuppie wrote >>
Rasta: Since December, VRNM and NLY have been my personal money makers-- otherwise most of my portfolio is in mutual funds and bonds. As I have more time to devote to research now I plan on being more active in managing my portfolio. I think shorting the yen would be a prudent decision right now as well as being bullish on the dollar.
I too owned NLY Rasta, bought it at 2.00 something last March. I just sold it last week at about 18.00+ I am curious about bonds though. I want to add them to my portfolio and am looking at AA bonds offered by T at a 9% rate for 1-3 yrs.
Can some one 'school' me a little on how corporate bonds work and when is the best time to buy? I know that the Fed will increase their rates some time down the road which is bad but am curious.I have been buying in to NLY between $17-18 and will hold for the short term-- if the dividends drop I am screwed though. Right now I feel alright.
Are you holding the bonds in an IRA?I was looking to buy it individually, is that a bad idea? I have a B.A. in Political Science but I really like finance. How do I go to school for my MAC, and how do I get into corporate finance. I'm also looking at getting an M.B.A let me in on some advice Rasta?
Posted 2 years ago # -
Rastapasta
Olde North
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columbusyuppie wrote >>
Rastapasta wrote >>
columbusyuppie wrote >>
Rasta: Since December, VRNM and NLY have been my personal money makers-- otherwise most of my portfolio is in mutual funds and bonds. As I have more time to devote to research now I plan on being more active in managing my portfolio. I think shorting the yen would be a prudent decision right now as well as being bullish on the dollar.
I too owned NLY Rasta, bought it at 2.00 something last March. I just sold it last week at about 18.00+ I am curious about bonds though. I want to add them to my portfolio and am looking at AA bonds offered by T at a 9% rate for 1-3 yrs.
Can some one 'school' me a little on how corporate bonds work and when is the best time to buy? I know that the Fed will increase their rates some time down the road which is bad but am curious.I have been buying in to NLY between $17-18 and will hold for the short term-- if the dividends drop I am screwed though. Right now I feel alright.
Are you holding the bonds in an IRA?I was looking to buy it individually, is that a bad idea? I have a B.A. in Political Science but I really like finance. How do I go to school for my MAC, and how do I get into corporate finance. I'm also looking at getting an M.B.A let me in on some advice Rasta?
If you're buying outside a tax shelter, I'd look at Ohio munibonds. To be honest though you'd probably be just as well off with TIPs.
The path I am taking (and my father, and my grandfather) is spending a few years in public accounting getting experience before transitioning in to a corporate position. An MBA with out any finance/accounting back round would not help get in to corporate finance. You don't need an undergrad biz degree to get into a MAC program.
Originally I did not want to go in to accounting, and was planning on using my father's contacts to get in to i-Banking-- he passed away at the beginning of my junior of undergrad.
Posted 2 years ago # -
LBOWACC
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you should not be buying corporate bonds,PERIOD!!!! if you are interested in fixed income get into a fund. which fixed income at your age is stupid anyway.
funny about the macc, macc at osu is a joke, dont go, worthless degree. i mean you are a finance major, so i assume you realize some degrees have a negatie npv, and for someone with undergrad in finance, macc is one of them. get a job as a sell side analyst, and move to buyside after a few years, and after you get your CFA.
i do like osu finance though, requiring 521 and 522 along with 211 and 212 is something wharton does not even do.
I know a girl with a BA in Poli Sci from osu, and no bixz background, but is in the MACC program.
for osu macc only preregs are like acc 211 and 212, and stats 133 cant remember what else.
macc is fuckin a retarded degree anyway, wanna be an auditor? get a BS in accounting.
Posted 2 years ago # -
LBOWACC
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oh you wanna do corp shit, getting an i banking gig at osu is possible, not hard at all actually if you have the GPA. goldman was recruiting and so was lehman, but mostly middle market banks. i wouldnt waste time in corp finance, bankers are stupid anyway. bankers suck at modeling, and your first 2 years all you do is make pitch books anyway. no bankers become billionaires, traders and research analysts do.
Posted 2 years ago # -
Rastapasta
Olde North
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As a Cuban American I qualify for a fellowship with a generous stipend. To be completely honest, I am using the MAC as a crutch because I am not confident enough to enter the market place. My GPA is below average (3.2) sadly. I know with a CPA I'll be fine.
I did have grandoise finance dreams at one point, but life hit me hard and I am in a bit of a rut.
I am a schemer and a dreamer and know I will never be boxed in even going the accounting route.
Posted 2 years ago # -
Rastapasta
Olde North
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LBOWACC wrote >>
521 or 522 hurt you?
fuck macc, masters in finance or phd
alternatively masters in math and or statistics go way further in finance than does a macc
or you could go to michigan and get a masters in financial engineering, why does OSU not offer this?No I did well. I don't think I am capable of math or statistics -- I know these are the majors to be in though.
Do you really think a masters in finance is a good option? I am graduating undergrad in the summer and planning on going to grad school in 2011.
Posted 2 years ago # -
LBOWACC
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tellin you man cpa is worthless in finance, get cfa, i mean it doesnt even gurantee a job, but its practically required for any type of investment management.
try looking into valuation work possibly.
Check out stout risius ross http://www.srr.com
you can easily get on with them, and its a 60k a year starting job, not bad, valuation work would bore the fuck outa me, but its better than auditing and could lead in private equity.
Posted 2 years ago #
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