OK Cramer, TY for answering my ? on Action Alerts PLUS charitable trust.
Action Alerts PLUS charitable trust. What is it? A trust to help the needed or the sick or dieing? O! It's the fallowing:
"Managing money with an open hand is hard. But, I am so committed to helping you learn that I have created a $3.8 million charitable portfolio to show you how and why I make trades. For over 10 years I was a successful hedge-fund manager and now I am a columnist on television and radio. Over the years I have developed a strict set of investing disciplines that have helped me to be successful through any market.
In an effort to serve you, I created a service called Action Alerts PLUS, which allows you to follow along as I make my own trades"
PS:If you decide to subscribe you will pay only $399.95 for an annual subscription. When you renew your annual subscription, it will renew at the then-current annual subscriber price.
What a charitable guy. Still one question though, what is the management cost of that that that charitable trust? 20%,25%,30%, more? ROTFLOL!!!!!!!!charitable trust? O!
The question I have, is this..... What does Cramer do with his OWN MONEY? He never even hints at that, while he is promoting certain stocks. Does he profit personally by trading for himself with his own money? Is any of that disclosed? It seems that the only thing he references is the charitable trust for which he as trading rules.
He has no obligation to tell anyone what he is trading for his personal account. Even when paying for a securities advice service, a person absolutely should do their own homework to determine whether the advice should be traded on.
Ask a Mutual Fund manager to disclose what he or she trades for a personal account. The request would be ignored. They have no obligation to answer it.