Mad Money Videos
newest 100 mad money videos / mad money widgets / media rss:

MCC takes you through new DVD releases including Mad Money, Untraceable, and The Great Debaters.

Author: hersh Added: Wed, 09 Apr 2008 22:22:32 -0800 Duration: 197http://www.CashPaidToView.com David Tice, Prudent Bear Fund says there is a 100% Chance of Recession on Bloomberg News Video. Says stock market to decline 50-60%. Avoid foreclosure of your home, protect your retirement savings by selling your mutual funds and stocks before the herd, avoid a run on the bank and your insurance company going broke. Sleep well knowing you're prepared. Who has the answers? CNBC, Bloomberg, The Wall street Journal, The Economist, The Globe and Mail, or BBC World? How about an interview or panel with Donald Trump, Jim Cramer, Alan Greenspan, Warren Buffet, Doug Casey, Jim Shepherd, Milton Friedman, Naomi Klein, George W. Bush, Hillary Clinton, Barack Obama, Aaron Russo, or Libertarian Ron Paul to save the day?

"Mad Money" host and bug-eyed madman Jim Cramer went on CNBC today to clarify his statements from last week about Bear Stearns, when he urged people not to move their money out of the firm. As we pointed out earlier in his defense, he was not referring to the company's stock, and his advice was actually perfectly sound. "Do you know what would happen on this show if I came out and said I want everyone to take their money out of X bank?" he ranted today. "Jim Cramer causes a run on X bank!" As it turns out, the run on the bank happened anyways. This video, originally posted on YouTube, features Cramer's defense today along with some, ahem, editorial comments against him; we have to say we still agree with him in this particular case. Although we would never take his stock tips. Click to watch the clip.

"Bear Stearns is not in trouble!" Jim Cramer, CNBC's bug-eyed "Mad Money" host who is to finance what Carrot Top is to comedy, shouted last Tuesday. "Don't move your money from Bear! That's just being silly." The immediate reaction to seeing his advice in the wake of Bear's collapse is: what an idiot. But really, his advice was not bad! Cramer a famously bad prognosticator noted that Bear would, at worst, be taken over, meaning those who had money with the firm would have their investments guaranteed by a more deep-pocketed buyer. Which is exactly what happened when JPMorgan bought Bear over the weekend. Note that he was not speaking about Bear's stock price [last Tuesday: over $60. Now: toilet paper]. What have we learned? Only Wild Jim Cramer can stop the collapse of the American economy. Click to watch the crazy savant's ill-fated harangue. [via WJNO]

Author: cheapogoovo Added: Wed, 20 Feb 2008 13:16:19 -0800 Duration: 33Vent your frustrations at this web site

Author: intelliot Added: Sat, 02 Feb 2008 20:46:21 -0800 Duration: 5460Created Feb 2 for the February 3, 2008 money bomb for Ron Paul. Dr. Paul is running for President of the United States as a Republican. He has been elected to congress 10 times as a Republican and believes in freedom and the rule of law. This is my first attempt at a mashup video, intended to be somewhat like a commercial or promo video for Ron Paul. I think it's also very informative. Please rate and share.

Author: intelliot Added: Sat, 02 Feb 2008 20:46:21 -0800 Duration: 5460Created Feb 2 for the February 3, 2008 money bomb for Ron Paul. Dr. Paul is running for President of the United States as a Republican. He has been elected to congress 10 times as a Republican and believes in freedom and the rule of law. This is my first attempt at a mashup video, intended to be somewhat like a commercial or promo video for Ron Paul. I think it's also very informative. Please rate and share.

No big scary monsters tearing apart the city in this weeks episode. Unless you count Cloverfield. Your Psychic pal also gets down with Mad Money, 27 Dresses, Cassandra s Dream and takes a ride in Taxi to the Dark Side.

Katie Holmes live on morning television talking about Tom and baby Suri.

Katie Holmes sends a message to Tom's ex-wife Nicole Kidman.

Author: curls93 Added: Thu, 10 Jan 2008 15:06:28 -0800 Duration: 134Actor Tom Cruise signs autographs and poses for pictures with the fans at his wife's new movie premiere MAD MONEY. His Wife, Katie Holmes was in attendance but she did not sign for the fans, she did the interviews for the press. You can hear Tom Cruise say he's carrying the family flag because Katie is doing the interviews. A fan also discusses a photo that Tom signed for her, she says people think its Photoshopped and Tom laughs. Video was shot on jan 9/2008 in Westwood Los Angeles.

Author: curls93 Added: Thu, 10 Jan 2008 13:36:30 -0800 Duration: 78Well i attended the movie premiere of Mad Money last night out in WestWood, Los angeles on Jan 9/2008. Katie Holmes showed up with her husband Tom Cruise. Check the footage to see them arrive. Katie did the press interviews but couldn't manage any time to come over and sign any autograph's for her fans. However, Tom Cruise did come over and sign and pose for pictures and you can see the footage i got of that in the next video.. Other celebs at the premiere were Ted Dansen, Queen Latifah, Diane Keaton.

Trailer from the new movie "Mad Money" was killed by the MPAA for Queen Latifah's mention of crack! Those people are out of control!

Author: condensedmov Added: Wed, 26 Dec 2007 13:48:13 -0800 Duration: 135Trailer for "Mad Money," from Overture Films. Academy Award winner Diane Keaton (Somethings Gotta Give), Oscar nominee Queen Latifah (Chicago) and Katie Holmes (Thank You for Smoking) star in Mad Money, a comedy about three ordinary women who form an unlikely friendship and decide to do something extraordinaryrob one of the most secure banks in the world. Starring Diane Keaton, Queen Latifah and Katie Holmes. Directed by Callie Khouri.

You would think an individual of Mr. Buffett's stature would support someone more like Ron Paul, who stands for limited government, sound fiscal policy, and a solid currency. (Congrats to Jim Cramer by the way for his AWESOME 12/14/07 interview with Ron Paul on Mad Money!) - BUT WHY IN THE WORLD WOULD BUFFETT SUPPORT HILLARY CLINTON??!! Music: "KYA" by Paulus View Links, Notes, and Transcript for "WARREN BUFFETT SUCKS HILLARY CLINTON'S C*** - GO RON PAUL!"

A sneak peek at Katie Holmes's new flick, and she's not looking very TomKat-like.

I ENCOURAGE you to Download this show thru iTunes! But, if you just can t possibly deal with that then go ahead and Play the new show right now Download MMM-063.mp3 The Mad Money Machine is proud to be sponsored by Index Funds Advisors at ifa.com. Please Digg Me! Please? This moves the MMM up in the Digg list of business podcasts. Also, sign up for the Mad Money Machine email newsletter. Email me: feedback at Mad Money Machine dot com, or comment, or Call me on the Mad Money Machine voicemail line at 206-734-4763 Buy Duff Meats! Have you ever had something that you really needed to get done but just didn t feel like doing it? CBS buys Wallstrip for $5 Million. How much is the Mad Money Machine worth? Callers, callers, callers. Abusive pricing stories. If it takes money to make money how do you get money in the first place? The OFFICIAL Step 5: Manager Pickers. The TOOL is a great stock charter. Download the show directly MMM-063.mp3 Music from music.podshow.com: Alta Plaza - XRAY Dogs Motor - Midiots Rumble - Jeff Hightower

I ENCOURAGE you to Download this show thru iTunes! But, if you just can t possibly deal with that then go ahead and Play the new show right now Download MMM-062.mp3 The Mad Money Machine is proud to be sponsored by Index Funds Advisors at ifa.com. Please Digg Me! Please? This moves the MMM up in the Digg list of business podcasts. Also, sign up for the Mad Money Machine email newsletter. Email me: feedback at Mad Money Machine dot com, or comment, or Call me on the Mad Money Machine voicemail line at 206-734-4763 Buy Duff Meats! More show notes coming soon, please check back! Our Guru, Jason Calacanis, on Abusive Pricing. Do you have an abusive pricing story? CALL ME! Garen wonders about rising long term capital gains taxes. The TOOL helps compare portfolio performances. Sizing up the competition: the Index Investing Show with Ron Delegge. Download the show directly MMM-062.mp3 Music from music.podshow.com: Alta Plaza - XRAY Dogs

I ENCOURAGE you to Download this show thru iTunes! But, if you just can t possibly deal with that then go ahead and Play the new show right now Download MMM-061.mp3 The Mad Money Machine is proud to be sponsored by Index Funds Advisors at ifa.com. Please Digg Me! Please? This moves the MMM up in the Digg list of business podcasts. Also, sign up for the Mad Money Machine email newsletter. Email me: feedback at Mad Money Machine dot com, or comment, or Call me on the Mad Money Machine voicemail line at 206-734-4763 Robert Kiyosaki does not understand the big picture. Ways to save money: For Christmas, buy her tickets to a play on Valentine s Day. Get married on her birthday. Chill down spine moment: when your actively managed mutual fund turns over all of its stocks. In memory of Buddy. Buy Duff Meats! Safe withdrawal rate resources: http://www.fidelityresearchinstitute.com/pdf/Beyond_Conventional_Wisdom.pdf http://www.fpanet.org/journal/articles/1996_Issues/upload/15388_1.pdf http://www.efficientfrontier.com/ef/998/hell.htm http://bobsfiles.home.att.net/trinity.htm http://bobsfiles.home.att.net/withdrawlinks.html http://www.bylo.org/news/wsj17nov04jc.html Also have a look at zunna.com and firecalc.com Download the show directly MMM-061.mp3 Music from music.podshow.com: Alta Plaza - XRAY Dogs

I ENCOURAGE you to Download this show thru iTunes! But, if you just can t possibly deal with that then go ahead and Play the new show right now Download MMM-060.mp3 The Mad Money Machine is proud to be sponsored by Index Funds Advisors at ifa.com. Please Digg Me! Please? This moves the MMM up in the Digg list of business podcasts. Also, sign up for the Mad Money Machine email newsletter. Email me: feedback at Mad Money Machine dot com, or comment, or Call me on the Mad Money Machine voicemail line at 206-734-4763 We completely skipped spring and went straight into summer here in Northern Virginia. Here are the Year to Date returns for a Do-It-Yourself portfolio as of 25 April 2007 Style Name Ticker Total_Value % Gain LC VANGUARD LG-CAP ETF VV $ 12,751.55 6.3% LCV VANGUARD VALUE ETF VTV $ 12,706.09 5.9% SCV VANGUARD SM-CAP VAL VBR $ 21,221.33 6.1% mC ISHARES RUSSELL MICR IWC $ 20,791.23 4.0% REIT VANGUARD SF REIT ETF VNQ $ 5,270.38 5.4% IV ISHARES MSCI VLU IDX EFV $ 6,471.19 7.9% IS WISDOMTREE INTL SC DLS $ 13,685.15 14.0% EM VANGRD EMRG MKT ETF VWO $ 14,274.97 9.8% TOTAL as of 25 April 2007 close $107,171.89 7.2% Cramer s Stocks of the Year as of 25 April 2007: Name Ticker Shrs Buy_Price LatestPrice % Gain Total_Value Value (buy 1/4/07) ALTRIA GROUP MO 127.13 $ 87.40 $ 69.89 7.0% $ 8,885.07 Kraft Foods Inc. KFT 89.60 $ - $ 33.51 $ 3,002.37 Halliburton Company HAL 371.98 $ 29.87 $ 32.00 7.1% $ 11,903.43 Goldman Sachs Group, Inc. GS 55.49 $ 199.57 $ 226.00 12.9% $ 12,541.76 Growth (buy 1/5/07) Apple Inc. AAPL 129.55 $ 85.77 $ 99.58 16.1% $ 12,900.13 Cisco Systems, Inc. CSCO 390.69 $ 28.44 $ 27.14 -4.6% $ 10,603.22 NYSE EURONEXT NYX 114.48 $ 97.06 $ 86.11 -11.3% $ 9,857.59 Speculation (buy 1/8/07) Savient Pharmaceuticals, Inc. SVNT 892.46 $ 12.45 $ 11.47 -7.9% $ 10,236.50 Rite Aid Corporation RAD 1,919.02 $ 5.79 $ 6.40 10.5% $ 12,281.71 Level 3 Communications, Inc. LVLT 1,797.91 $ 6.18 $ 5.83 -5.7% $ 10,481.84 TOTAL 2.6% $ 102,693.64 Click here to buy Keane s Crystal Ball from iTunes: I m still thinking of changing the name of this show. Stay vigilant. Sound quality stinks? Turn the microphone around to the correct side! NevSta s strategy appears to be to short-sell companies just after their pop in earnings annoucements. He says that only about 1 in 5 are actually shortable in the real world. Top Dog II shorts stocks just before their split in the VSE game . doubling his money. And no, it does not work that way in the real world. Here s the link to the Periodic Table of Investment Returns Eugene Fama was named as the third recipient of the Fred Arditti award by CME. Our Guru says sometimes it is OK to sell your underperforming actively managed mutual fund, pay the long term capital gains taxes, and get into a broadly-diversified portfolio of index funds. We check in on the Mad Money Machine Match Play Golf Classic. Our Tool this week is more advanced. It helps you figure out how you ve REALLY done. I m thinking of writing some visualization software to help analyze portfolios. More later Download the show directly MMM-060.mp3 Music from music.podshow.com: Alta Plaza - XRAY Dogs NEW! Through My Spine - Angel Vivaldi Metal Start - Intelect The Answer - Eric Vardeman Money - Theory in Motion Nuclearstrumental by Jungli - DJ COA

I ENCOURAGE you to Download this show thru iTunes! but, if you just can t possibly deal with that then go ahead and Play the new show right now Download MMM-059.mp3 The Mad Money Machine is proud to be sponsored by Index Funds Advisors at ifa.com. I m going to help you go through each of the 12 Steps for Active Investors with snippets of the author Mark Hebner s own podcast. Please Digg Me! Please? This moves the MMM up in the Digg list of business podcasts. Also, sign up for the Mad Money Machine email newsletter. Get out your cell phone and type in 206-734-4763, add it to your contacts, make a call. Email me: feedback at Mad Money Machine dot com, or comment, or Call me on the Mad Money Machine voicemail line at 206-734-4763 Should Warren Buffet invest in the Vanguard 2010 Target Retirement Fund? Not if we interpret the five dimensions of Risk Capacity properly. iTunes still isn t updating my feed. Hmmmmmm .. Unsubscribe and Subscribe for now I m thinking about changing the name of my show and also changing the feed. Will you come with me if I change it? What should I call the show? I need a domain name also. I kinda like The Boring Investing Show but The Paul Douglas Boyer Show lets me talk about a lot more than just investing. Call me. Do you like popcorn with Tabasco Sauce, salt, and butter? Bogle, Bogle, Bogle interviewed on podcasts. As an investor, are you a do-it-yourselfer or do you use professional help? For the latter, check out ifa.com. As to the former, check them out anyway and here are some alternatives to DFA funds using Vanguard or other: Style Mutual Funds ETFs Large Cap VFINX VV Large Cap Value VIVAX VTV Small Cap Value VISVX RZV (as Tom notes below, VBR may be a better choice here) Micro Cap BRSIX IWC REIT VGSIX VNQ International Value VTRIX EFV International Small VINEX DLS Emerging Market VEIEX VWO Note that VINEX is an actively-managed fund and is closed to new investors. So look at DLS. Also, these aren t necessarily best for taxable accounts, especially the REIT or dividend paying funds. Benchmark your results against one of IFA portfolios. Have you beat the indexes yourself? If not, why are you doing it yourself? Mark Hebner talks about Step 4: Time Pickers. Did you realize that if you took away the 4 best days of the year in the market that you d lose 90% of the returns for that year? Let s see your Crystal Ball figure that one out. Crystal Ball - Styx Our Guru talks about how we make up stories to explain cause and effect in the markets. He stole my idea about using a sand pile as a metaphor for stock price movements (just kidding). Also, for some hard core reading regarding Power Laws check this out. I review the Portfolio Smackdown game. Download the show directly MMM-059.mp3 Music from music.podshow.com Alta Plaza - XRAY Dogs Beach Town in the Off Season - The Hesh Inc Arrival of the Fittest - Tara Scorpio by Sean Mooney - Tara The Pop Culture - DJ Top Shelf Runaway Train - Under Feather

I ENCOURAGE you to Download this show thru iTunes! but, if you just can t possibly deal with that then go ahead and Play the new show right now Download MMM-058.mp3 The Mad Money Machine is proud to be sponsored by Index Funds Advisors at ifa.com. I m going to help you go through each of the 12 Steps for Active Investors with snippets of the author Mark Hebner s own podcast. Please Digg Me! Please? This moves the MMM up in the Digg list of business podcasts. Also, sign up for the Mad Money Machine email newsletter. Get out your cell phone and type in 206-734-4763, add it to your contacts, make a call. Email me: feedback at Mad Money Machine dot com, or comment, or Call me on the Mad Money Machine voicemail line at 206-734-4763 I play Guitar Hero II to Perfection! Well on easy setting. What word did I not say in the previous show that I had said in every other show? Mr. Mackerel and Todd got it right: Cramer! iTunes still isn t updating my feed. Hmmmmmm .. Tech tip: I use HotRecorder and PowerGramo. HotRecorder has pops in it every second. Boooo. Have you seen the new Jonathan Clements web site? We play a round of Russian Guru Roulette this time. Barbara calls wondering how they pick those stocks that scroll by on the TV. And also wants to know about a stock with the same name as her son. In MARK HEBNER PRESENTS THE ANSWER segment this week, he answers the question, Should we choose actively managed funds in inefficient markets? Check out the Small Cap Alpha Myth, The Big Lie by William Bernstein, and a look at International. Our Tool this show makes it easy to allocate your assets. Take the Quick Risk Capacity Survey. I review the Portfolio Smackdown game. Anyone know of a better system than MarketWatch s VSE? What a pain! Also, don t forget: Short term-gains are taxes higher than long-term gains. This will bring down the average net gain of the participants assuming it was in a taxable account. IRA? Nevermind. I ve left fu_fish in so far Download the show directly MMM-058.mp3 You Really Got Me - Guitar Hero II for XBOX 360 Music from music.podshow.com Runaway Train - Under Feather Romanydance - ??? The Answer - Eric Vardeman Money - Theory in Motion I Like That - starlord

I ENCOURAGE you to Download this show thru iTunes! but, if you just can t possibly deal with that then go ahead and Play the new show right now Download MMM-057.mp3 The Mad Money Machine is proud to be sponsored by Index Funds Advisors at ifa.com. I m going to help you go through each of the 12 Steps for Active Investors with snippets of the author Mark Hebner s own podcast. Please Digg Me! Please? This moves the MMM up in the Digg list of business podcasts. Also, sign up for the Mad Money Machine email newsletter. Get out your cell phone and type in 206-734-4763, add it to your contacts, make a call. Email me: feedback at Mad Money Machine dot com, or comment, or Call me on the Mad Money Machine voicemail line at 206-734-4763 Brian from Chicago wants to know more about how the show is made, how it has affected my life, and specifically now that it is weekly, if I still have my day job or is this a full-time gig? I begin a year-long answer on this show. It s just me in my home office with my computer and microphone, heavily editing the show until it is just right, then uploading it for your listening pleasure. Can you find the link to read the book for free? How and why did I get into investing? One of my early idols was Alex P. Keaton of Family Ties who read the Journal. Then when I got my first paycheck, I wanted to know how best to save it. Wall $treet Week to the rescue! The Ah Ha! moment: After reading Phil Town s Rule #1 and trying to manually figure out what stocks to buy, I realized that it is a game I cannot win because I don t have the same access to powerful software that the pros use. There must be a better way. And there is. Briar Rose from Colorado fell for the #4 ploy and called 206-734-4763 and misses the Guru segment. I complied and spun the wheel this week. Next time Are You Smarter Than a 5th Grader comes on, instead of spending an hour with that, you gotta watch this instead. It explains everything. It is like taking the Red pill. Also, I think I ll buy a Tackamap! Ah, the serendipity of finding great music on your own. On our way to Great Wolf Lodge, at a McDonalds I heard a song playing that I wanted to remember somehow. Thinking quickly, I took out my Treo and used a sound recording software program and held it up to the ceiling speaker. I replayed it recently, googled the lyrics, and behold it s KEANE! Nothing in my way. IndexTown.com wonders why anyone who needs to pay taxes would e-file. Jack Mackerel from Brooklyn wonders about the difference between Roth 401K and Roth IRA. And promises to get me some REAL Brooklyn style pizza when I come there. Mark Lindsay wonders if the tide is changing in the stock market in the next few years as baby boomers retire and start taking money out. I think as Jeremy Siegel said in his book The Future For Investors, we will need a Global Solution where populations from other countries will buy our assets. But the best answer is, what is your risk capacity? If you fear a big market decline will impact your investments, then you should not be heavily invested in stocks. Also, it means that you must seek as much return as you can get for the level of risk you can accept. Tilting your portfolio more toward small cap and value stocks around the globe will help not only diversify but squeeze out some risk-appropriate returns. I play the New Step 11. Thanks Anne Davis! Thanks Zach and Sara! I read the abstract from the most popular academic paper from SSRN.com. It is Market Efficiency, Long-Term Returns, and Behavioral Finance by Eugene F. Fama. I think the bottom line of the paper is this: If you find someone who says they have a technique for picking the next winning stock, unless it is one of the three factors of market, size, or value, Fama would say that they are wrong. Something is happening here at the Mad Money Machine. There is a word that I did not say on show 57. If you know what it is, call me at 206-734-4763 and tell me how it makes you feel. Why Paul DOUGLAS Boyer and not Paul Boyer? 1) PaulBoyer mushes together poorly 2) Its Google-rific! Download the show directly MMM-057.mp3 Music from music.podshow.com Alta Plaza - XRAY Dogs Runaway Train - Under Feather The Answer - Eric Vardeman

I ENCOURAGE you to Download this show thru iTunes! but, if you just can t possibly deal with that then go ahead and Play the new show right now Download MMM-056.mp3 The Mad Money Machine is proud to be sponsored by Index Funds Advisors at ifa.com. I m going to help you go through each of the 12 Steps for Active Investors with snippets of the author Mark Hebner s own podcast. Please Digg Me! Please? This moves the MMM up in the Digg list of business podcasts. Also, sign up for the Mad Money Machine email newsletter. Hot stocks this week: NEWC, TSCM. Hot funds this week: Amidex Cancer Innovative Healthcare CNCRX. The expense ratio is only 4.7% with a front-end load of 5.5%. PASMX Pacific Advisors Small Cap. Rated 4 stars at Morningstar. Expense ratio is 3.37% Front end loat is 5.75% to get into it. with a 2% redemption fee. SAOAX: Security Alpha Opportunity. Has a waiver on some fees until the end of 2008. Get in now while the getting is good! AACFX: AIM China. China is hot. Get some now. Expense ratio 2.05%, 12b-1 fee 0.25%, Management fee 0.94%, Initial load 5.5%. 30 day redemption fee 2% Morninstar cost projections for investing $10,000 in this fund? After 10 years, you will pay them the low low price of $4517. Bogle, Bogle, Bogle: He was on Consuelo Mack WealthTrack, a couple of other podcasts, CNBC, and lots of other places I m sure, promoting his new book. David Darst? says active managers can do well in small stocks, international, or emerging markets. Casino Royale! My shoulder is sore from playing Wii baseball. Any games you recommend for the Wii? TV shows: Heroes, Prison Break, Lost, 24, American Idol. Are the Fast Money guys beating their benchmark? What is their benchmark? Why don t they put together a portfolio that they make trades in and show us their performance results? Have you watched the ad for IFA on CNBC? Go to IFA.com and see it along the right hand side. What is that music genre called? I d like to find some podsafe music like that. Call me 206-734-4763. Index Funds Advisors are advisors that help get you into the Dimensional Fund Advisors funds which have a small and value not only in the US, but also internationally and in emerging markets. I review the Portfolio Smackdown. Phish43 calls in. Fu_Fish is getting married. Congratulations! I hope you get a Better Life. Life intrudes when we re trying to actively trade, doesn t it? I review Chapter 4 of Jim Cramer s Mad Money: Watch TV, Get Rich entitled How to Sell a Stock . Mad Money Ch 4: How to sell a stock You haven t made a dime until you sell and take your profits to the bank. Is Jim saying he wants you to put your money into the bank? Why and How to sell: Why: It s either made or going to lose you money.(Taking profits or cutting losses) He doesn t devote as much time on his show to selling its is more subjective. (You do the homework) Selling is a decision.. you must make on your own How: People get caught up in the emotions of owning a stock. It should be fun. We have fun because investing is interesting [HE should be using the word TRADING here] If a stock goes from $50 to $20 on deteriorating fundamentals, it is irrational not to sell. [value stocks have higher returns] If a stock goes form $50 to $80 sell most of it. [How about if a stock goes from $100 to $160? (same % as 50 to 80) Do you know of any stocks that have done that? Don t you think you d feel like an idiot for selling Google at $160? If you owned an index fund, you would have owned google from $100 all the way to $450 and you d still own it.] Taking Profits the Right Way: Truth be told, this whole game requires flexibility and you shouldn t adhere strictly to any tight rules about profit taking [So basically he s saying, nobody knows when to take a profit.] Then he gives six guidelines (Not rules!) that one should follow when trying to take profits. [what follows is as close to a horoscope for stock trading as one could get] 1) keep your stock position the same 2) set a target price 3) when target is reached, what do you do? 4) when you think it won t go higher, sell it 5) if it goes up big, you re being a pig selling is an art 6) you should be eager to take profits. [no mention of evaluating the tax impact or the impact of commissions or what you ll do with your money after you sell you have to be right on that decision also] [Not only do you have to be right about when to sell the stock, you have to be right about what to do with the money. Compare performance to buy and hold.. If the market continues going up and you re in cash You Lose. If you buy a different stock that goes down while the market goes up, YOU LOSE BIG. Cutting Your Losses: Some of the stocks I pick are gonna be losers. If I m right just two-thirds of the time, then you can make a lot of money from listening to me [Well as we ve seen, he hasn t been right two-thirds of the time but instead less than one half of the time.] More conditional statements, more talk about doing your homework, says to call him during the lightning round, talks about going to read his previous book. [Who loves Cramer s advice the most? The folks that get your money from making the trades the stock market casinos.] So how do we reconcile the fact that Jim Cramer said he manipulated the market, for example with RIMM, while at his hedge fund and that he is now telling us how to sell a stock? Do you remember the book that Jim s said in his Real Money book was his favorite book on investing? Not Peter Lynch, not Warren Buffet Picking Winners by Andy Beyer. And no, that s not a book on picking stocks, it is a book about picking winners at the horse track. Does that give you any kind of background on where Jim is coming from on his so called investment advice to you? I am not saying this as a rant, not saying this because it is fun to pick on celebrities. I am saying it because I truly believe that the suggestions are hazardous to your wealth. I know from personal experience I tried following his advice and ended up lagging the market returns I could have gotten from investing instead of trading. And OH the tax headaches using TurboTax! Here s Chapter 4 of my book Paul Douglas Boyer s Mad Money Machine: Play Video Games, Get Rich: Don t own individual stocks. Sell when you need the money. Go play video games. The Suze Orman Moment: Can I get my money back from my old employer s 401K? Yep. Read your ex-employer s policy. Then roll that over into your own IRA. Our Tool in the Toolcrib helps you with your asset allocation. Get out your cell phone and type in 206-734-4763, add it to your contacts, make a call. April 1 is Index Funds Day. Send your active investing friends an eCard for it from IndexFundsDay.com Email me: feedback at Mad Money Machine dot com, or comment, or Call me on the Mad Money Machine voicemail line at 206-734-4763 Download the show directly MMM-056.mp3 Music from music.podshow.com Alta Plaza - XRAY Dogs Runaway Train - Under Feather The Answer - Eric Vardeman Voltage Clamp - Rubber Band Banjo I Want a Better Life - The Shakes Money - Theory in Motion