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Jimmy Boy

edited February 5 in Fund Discussions
Hi guys,
Some questions for the board.....
Sometimes, I think Cramer has his own TV station. It's all I hear or see.....is him. Saying that, what are your thoughts on him? Your thoughts on the new Investor's Club he started? Any members?
His advice seems so bland to me....so middle of the road.....and mostly hype for TV. Thoughts?
God bless
the Pudd
p.s.,
I remember his oil rage. How fast that changed!

Comments

  • There's more info here Guru Grades but they say he's accurate less than 50% of the time. Granted he knows things but no more than anyone else.
  • @Mark,

    Thanks for the link.
    Market prognosticators make predictions that are often forgotten by investors.
    These individuals' past prediction history can be very revealing.
    The majority of "gurus" listed on the Guru Grades site have an accuracy rating of less than 50%*.
    I was surprised to learn that Ken Fisher had the second highest accuracy rating (66.4%).
    I've been bombarded with ads from his firm, Fisher Investments, over the years.

    *I haven't researched Guru Grades' grading methodolgy.
  • Better check to see if Guru Grades is owned by Fisher...
    :)
  • Good idea! :)
  • He's offered some decent prognostication commentaries regarding markets and investing over the years but I would bever trade or make specific investment decisions from his show, which he even admits is entertainment first.
  • Ken Fisher's fund Purisma Total Return, PURIX , was liquidated in 2016, but I don't have any performance data handy.
  • Thanks for the reminder about PURIX.

    "Publicly available information on Fisher's funds and strategies showed mixed performance.
    The Purisima Total Return Fund, for example, returned well under half of the S&P 500 Index
    in its final 10 years before it was liquidated in 2016, according to data compiled by Bloomberg."


    Link
  • Good entertainment but dreadful substance. I watch CNBC every morning and have for years. Before the big run in energy Cramer was calling big oil dead money and uninvestable, said that ESG meant these could not be in mutual fund portfolios. This week he was praising Exxon like it's Apple from 15 years ago.
  • Cramer...no thanks...

    Much rather tune in to Wealthtrack and Barrons weekly shows.

    I'm too cheap to pay extra to watch Bloomberg, don't want to pay extra...CNBC is investment porn...

    Best,

    Baseball Fan
  • msf
    edited February 6

    Thanks for the reminder about PURIX.

    "Publicly available information on Fisher's funds and strategies showed mixed performance.
    The Purisima Total Return Fund, for example, returned well under half of the S&P 500 Index
    in its final 10 years before it was liquidated in 2016, according to data compiled by Bloomberg."


    Link

    While I'm hardly defending Fisher here, comparing PURIX (Purisima Total Return Fund) with the S&P 500, as done in the cited article, is misleading.

    From the fund's final prospectus, dated Dec 31, 2015:
    "The Fund seeks to achieve its objective by investing in a portfolio allocated between domestic and foreign common stocks and other equity-like securities ..."

    The benchmark given in the prospectus is the MSCI World Index. The fund still significantly underperformed that benchmark (by around 0%-25% depending on timeframe). Lackluster at best, but nowhere near as great an underperformance as the article asserted in comparing the fund with the wrong benchmark.

    FWIW, from that prospectus, the performance of PURIX ("The Fund’s year-to-date return as of September 30, 2015 was -5.43%"):

    image

    Liquidation was about six months after the prospectus:
    https://www.sec.gov/Archives/edgar/data/1019946/000089418916009530/purisma_497e.htm
  • @msf,

    Thanks for the additional details regarding PURIX.
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