or, if you just can’t possibly deal with that then Play show 26, right now
Will you trade your investment with 15% annual expected return and 70% volatility for an investment with at 15% annual expected return and 30% volatility?
Proudly sponsored by IFA.com! Go there and take the Risk Capacity Survey. Bookmark IFA.com, go there every day and read an article.
The Mad Money Machine is 2 shows in 1! It is 5% Mad Money and 95% Money Machine. 5% to play with, 95% for your serious investments.
An example of having both a Mad Money account growing at 20% and a Money Machine account growing at 9%.
Not interested in stocks anymore? You know what that means!
Jim Cramer’s Mad Money is better during this down market!
NOW what will happen to eBay with Vonage the Dog stinking up the joint?
ROTH IRA is the way to go.
I’m cheating Lipton!
Making money via World Cup Soccer. Nike vs. Adidas. Or bet against both losing teams’ stocks.
I HATE STOP LOSS ORDERS.
William Bernstein, our guru from show 25, has in both books an example of a coin flip and what diversification does for you.
You will definitely like our Tool in the Crib on this show. Or would you prefer to buy my newsletter for $400?
ETFs cause Volatility? Pick individual stocks instead of ETFs?
Are Hedge Funds manipulating the S&P 500 to their advantage?
IFA.com: Matching People with Portfolios
Music from music.podshow.com:
Black Reign by COMEG
Runaway Train by Under Feather
Chasing Echoes – No Quotes – 2006 Digital ReMaster by Crush
Burn like Hell by ZAMARRO
Beautiful Dream by Van Davis
Money by Theory in Motion
Monkey Chips by Van Davis
GrooveIt by Denis Kitchen
I will set up an account at the MadMoneyMachineCOM Investment Guru Challenge to buy all 10 stocks in the Cramer Speculative Index that Jim announced on his Mad Money show this evening.
Note: I am putting in a market order for about $10,000 worth of each of the ten stocks (based upon today’s closing price) for tomorrow morning. If the stock prices shoot up, because the game is limited to $100,000 I may not be able to buy all ten stocks at the opening bell tomorrow. I’ll try to adjust in a fair way. Remember it is just for fun anyway.
Thu, June 8 2006 » Announcements » Comments Off on The Cramer Speculative Index
I predict Jim Cramer will run out of gas and collapse in exhaustion LIVE on CNBC during his “lightning round†on this date: Tuesday, June 6, 2006. Be sure to watch at 6 p.m. EST. This gives new meaning to the word D-Day.
Last night on Mad Money a lightning round caller asked Jim about Newmont Mining (NEM). And Jim said it is the worst gold company but in a great neighborhood. He said he preferred…. paused… said that so many of the gold stocks are running out of gold… then said he would come back to you because he is doing an ordering of gold stocks for tomorrow night’s show.
So could this be your chance to get AHEAD of the Cramer Crackle???
Here are some gold stocks and what Jim has had to say about them in the past…
5 June:
Crystallex (KRY): if they open the mines KRY goes to $6.
Newmont Mining (NEM) worst gold company
Freeport-McMoRan Copper & Gold (FCX) Down 5 I take my stand it is too cheap to give up on
2 June:
Goldcorp (GG): “I do not want to own any gold stocks until I am convinced that gold is going to come down in price.” [Gold was at $635 on 2 June. Today it is at $626.]
23 May:
“I don’t have a lot of good feeling about gold,” Cramer said. “You typically get a nice bounce after a big decline,” he said about today’s uptick in the gold price, adding that it might be a good opportunity to ditch gold stocks.
19 May:
Gammon Lake Resources: “What we’ve learned about Canadian gold companies is that when the stocks are going up, you’re in nirvana, but when they’re going down [barking dog sound] .”
Freeport-McMoRan Copper & Gold (FCX) , which was down almost 22%. He said that this is a good mineral-and-gold play, a sector that people are still bearish on.
18 May:
Goldcorp (GG): “That quarter was not a great quarter. … I think that Goldcorp is no longer best of breed. Right here I am anointing AAUK (Anglo American).”
3 May:
Bema Gold: “You are not in the best of breed. The best of breed is GG (Goldcorp). GG pulls back to 34 from 37, that’s where I do the ‘mon back’.”*
2 May:
Goldcorp: “Recommended at 18. Here it as at 38 … it’s still the best.”
5 April:
Bema Gold: “I think Crystallex gets to 8 first.”
Companies like Goldfields (GV:Amex) operate in Venezuela, and if Crystallex gets approval, Cramer believes that Goldfields could be a buyer.
I just found out (SEE! I told you I can’t keep up!) that the Mad Money repeat show that aired on Friday 26 May (which I didn’t watch because it was a repeat) was the all-important show where Jim discussed his 10 rules for proper diversification. These are the ones I’ve been talking about that form the basis of the Cramer Portfolio.
I also like a diversified portfolio of index funds, just like the ones out at Index Funds Advisors at ifa.com… our new sponsor here at the Mad Money Machine!
Our Cramer Portfolio has some big losers in it. Ciena (CIEN) and Foster Wheeler (FWLT) are both down about 11%. OptionsXpress Holdings is down about 9%. And Crystallex (KRY) is down a whopping 23.5%. And of course we still don’t have the Company You Know picked.
Why sell losers? So that we can take the short-term capital loss and apply it to other short-term capital gains and reduce our taxes. (Assuming these are in a taxable account.)
So now that the holiday has come and gone, let’s get down to bidness…
Here are the categories and the replacements based upon stocks that Jim has featured recently.
Sold CIEN – Technology. Let’s pick up some Nokia (NOK). Featured on 23 May because of its strong buyback and is taking market share in fast-growing markets like China.
Sold FWLT – Cyclical. How about some Boeing? (BA) Jim said on Real Money on 30 May that BA is “the quintessential selloff stock. This is because the company just reported magnificent quarter, guided up very big and has been up a lot, all at a time when stocks across the board are coming down.
Sold OXPS – Financial. Need to get Citigroup (C). Featured on 23 May. One of his top buybacks. Great management and tons of excess cash and good dividends.
Sold KRY – Speculative. Let’s go with some biotech here and get Genzyme (GENZ) which was one of his biotech picks on 25 May.
Sold PCU (a week ago) – Company You Know. I don’t care anymore, we gotta have Sears (SHLD). It just can’t be called the Cramer Portfolio without it!
CIEN sold for $3.98
NOK bought for $21.42
FWLT sold for $43.49
BA bought for $83.05
OXPS sold for $28.46
C bought for $49.40
KRY sold for $4.20
GENZ bought for $59.43
SHLD bought for $153.82
I’ll update the Portfolios page tonight and you can see all the details there.
Wed, May 31 2006 » Blog » Comments Off on Let’s do the tax-loss shuffle
If you remember the Tool in the Crib from last show, #23, ifa.com… well Mark Hebner called me and is going to send me a couple of the books, which I am going to GIVE AWAY to a lucky MadMoneyMachine.com member. Register if you haven’t already. If you have already registered, you are in the drawing!