Mad Money Machine

MMM-065: simplicity

Investing can be simple. Cramer self-deprecates. I formally challenge Jim to go public with his performance. Phil Keaggy is my guitar hero. How to compare performance of ETFs. And more!

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MMM-065: simplicity [ 36:14 ] Play Now | Play in Popup | Download

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Simplicity: Tervis tumblers, one per family member.

Investing can be simple. It doesn’t require an hour of homework per stock per week. Index funds make it simple to invest, especially at tax time, also at rebalance time, and most any other time. Also, having fewer accounts makes life simpler. The ultimate in simplicity is…. hire a professional FEE-ONLY financial advisor. With IFA, to me it is like getting free professional advice because of the historical performance of the DFA funds they put together for you.

Our Guru likes simple things too.

I review Jim Cramer’s featured article in the New York magazine. He criticizes himself in the article. Says he was lucky to be in the right place at the right time to do the Mad Money show. But doesn’t talk about whether he is making people money. He says ‘Cramer-Haters’ are for the most part, right. Says his picks beat the S&P 500 63% of the time. What exactly does that mean??? Then I go off on a rant asking him to make public the performance of his stock picks… to run a pretend portfolio of stocks and show its performance… blah blah blah. He’ll never do it.

My Guitar Hero: Phil Keaggy. Subscribe to this podcast at iTunes by clicking the link on his page.

Mark calls and wants to know if there is a better charting website that can compare the total performance of ETFs including dividends. See my previous post on the subject.

A440 is Concert Pitch and corresponds to the A above middle C on a piano. But funny enough, the note A on a piano may not actually contain a partial frequency at 440 Hz.

Music from music.podshow.com:
Alta Plaza – XRAY Dogs
Simplify Your Vision – Lance Lopez
For What Its Worth – Buffalo Springfield
Robot – StudioMig
Game Day – Jon Schmidt – Powerful Exhilarating Piano Music
Runaway Train – Under Feather