Mad Money Machine

Cramer’s lack of diversifcation costs charities nearly half a million?

Too bad Jim invests for charity in individual stocks. His portfolio is probably up, what, 7% for the year? Give or take a few percentage. On three million dollars that would be $210,000. If instead he had invested in Portfolio 100 at ifa.com, he would be up 21.23% or $636,900. In other words, due to his lack of diversfication, he is costing his favorite charities $426,000 this year. Nearly half a million dollars could go a long way for these charities!