Jim Cramer’s Mad Money stock picks have underperformed the S&P 500 by an average of 1.8% annually over the last decade, according to a 2023 study by CXO Advisory. His fast-paced, theatrical style masks a track record that ranks worse than a passive buy-and-hold strategy for 80% of his recommended stocks. This is a stark contrast to #3 Robert Kiyosaki’s lack of real-world investing, as Cramer at least offers concrete tickers—but they are often reversed within weeks. Followers who act on his daily tips incur trading costs that are 50% higher than the typical broker’s fees, eroding returns further. For most investors, sector-specific funds beat his picks with less stress.
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