“I got crucified because I said you can keep your money in Bear Stearns. I got crucified in this country!!! I learned my lesson, you can’t be as confident as you’d like. I never said you should buy Bear Stearns, I said you should keep your money there. In 36 hours Bear Stearns fell apart. It was fine to say it wasn’t going to fall apart and then it fell apart. My first call was that it was okay to keep your money there which turned out to be true.”
- 18 Aug 2011 at 12:02 PM
Jim Cramer Asks People To Remember His Legitimate Bear Stearns Calls
By Bess Levin- 5015345 Commentshttp%3A%2F%2Fdealbreaker.com%2F2011%2F08%2Fjim-cramer-asks-people-to-remember-his-legitimate-bear-stearns-calls%2FJim+Cramer+Asks+People+To+Remember+His+Legitimate+Bear+Stearns+Calls2011-08-18+16%3A02%3A23Bess+Levinhttp%3A%2F%2Fdealbreaker.com%2F%3Fp%3D50153
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Tags: Bear Stearns, Europe, I can't give people false assurances! I won't!, I WAS CRUCIFIED!!!, Jim Cramer, Simon Hobbs does not like
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- 23 May 2013 at 12:00 PM
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Posted in:
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SoFi Answers the Call to Refinance Student Loans and Provides Unique Community Benefits
This is a guest post written by SoFi’s CEO, Mike Cagney.
CLICK HERE TO READ THE FULL ARTICLE
Recently, there’s been a lot of talk amongst leaders in Washington about how to improve the painful process of repaying student loans. At SoFi, we feel your pain and work hard to offer more flexible, more affordable options for our borrowers. One idea that’s getting a lot of attention is increasing the options for refinancing debt after graduation. The only lender currently focused on refinancing private and federal student loans is SoFi.
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Journalists from the USA TODAY, The Chronicle for Higher Education, the American Banker among others, also found themselves reporting on how SoFi is “using social communities and offering refinancing of student loans.“ It is this social community aspect that makes refinancing with SoFi so valuable. By connecting borrowers with a community literally invested in their success, the benefits of a SoFi loan go beyond saving money.
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Learn more about SoFi’s refinancing programs and community benefits at www.SoFi.com
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Tags: debt, Refinance, SoFi, Student Loans, Students, this is an ad
- 22 May 2013 at 7:00 PM
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5 Red Flags When Choosing a Financial Planner
By LearnVestYou know what they say: You can’t choose your family, but you can choose your financial planner. Or something like that. One of the great things of being in charge of your money is choosing who (if anyone) will help you manage it. The choice isn’t always an easy one. How will you know that your planner is reputable and trustworthy?
These five red flags may be good indications of whether the financial planner sitting across from you is someone you should trust with your money. LearnVest Planning also provides an innovative 7-step program for your money where you work one-on-one with a financial planner. To see if this program is right for you, start with a free financial consultation.
1. She Isn’t Certified
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2. He Offers to Manage Your Money for “Free”
Financial planners are usually paid in one of two ways: Either through fee-only, which can be a set fee, hourly, retainer or a percentage of the assets they manage for you, or through commission, which means the planner is paid each time he buys or sells an investment.Fee-only payment structures can be more desirable to some clients, as there’s no financial incentive based on assets under management for a planner to buy or sell, whereas working on commission encourages planners to make trades, rather than solely look out for your best interest—called a “fiduciary” duty. (You want to be sure that the planner you choose is a fiduciary.)
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3. She Says She Outperforms the Market
“If a financial planner tells you that she can outperform the market, that’s a major red flag,” Vient explains. “In fact, due to government regulations, it’s illegal to advertise statements that promise a specific return.”Outperforming the market—that is, getting better investment returns than the market average—is extremely difficult to do consistently, and requires taking a lot of risks with your investments. It’s rare to find a financial planner who can consistently outperform the market—and results are never guaranteed. Either way, in the pursuit of these high returns, she’ll be exposing your investments to much higher risk than you may be comfortable with.
Instead, look for a CFP® who, when looking at your portfolio, can advise on proper asset allocation based on your risk tolerance and time horizon, as well as through economic ups and downs.
4. She Doesn’t Ask About Your Financial Goals
“Your planner isn’t just there to crunch the numbers,” Vient advises. “She’s helping you make a plan for your money and your life. You should be looking for someone who has similar values to you.”Ideally, you’ll likely want to work with someone who is in a similar life stage. Are you a parent? A planner with children may be better able to understand your need to save for college. Does your CFP® have a specialty? Some planners have an area of expertise, like insurance, estate planning, divorce or retirement—a fact you might want to consider if that’s a particular need of yours.
When meeting a potential planner, remember that you’re allowed to ask questions about their experience and priorities: “Do you think it’s more important to save for retirement or pay off debt? How do you feel about supporting kids through college? How do you mitigate investment risk as your clients get older?”
The choices you make with your money are intensely personal. The person who helps you make these choices should be able to understand and accept your financial priorities, and help you use your money to meet them.
5. His Management Style Makes You Uncomfortable
Financial planners can manage your money for you or manage your money with you. As different people have different needs when it comes to money management, there is no right way to work with a planner—it’s up to you to decide how hands-on you want him to be.
When you sign on with a financial planner, there will be a written agreement of how the two of you will manage your money. Read this carefully, and ask questions if you’re unsure about anything. Are you signing your accounts over to this planner? Will he check in with you before making a trade, or when rebalancing your accounts? If you’re uncomfortable with anything in the agreement, bring it up immediately.Learn more about LearnVest Planning and our financial planners by visiting learnvest.com. To book your free consultation today, email FA_Support@learnvest.com or complete your request online.
LearnVest Planning Services is a registered investment adviser. The opinions expressed in this article are that of LearnVest Planning Services, a registered investment adviser. The advice provided may not be suitable for your individual situation and you should discuss your situation with a financial professional.
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Tags: LearnVest, this is an ad
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This man is a genius. One of the greats in the business
- Nails
can someone just give him a REALLY good shot in the nadz? just ONCE?? How about you Gasparino??
Hmmm. Aveeno baby lotion ad on Dealbreaker. How on earth does this site know what I am up to?
- SEC Senior Manager
I think Simon Hobbs might do it later.
THEY KNOW NOTHING!!!
"Hold on guys. Lets calm down a little bit"
-Useless waste of space that doesnt understand good TV
I told viewers, nationwide, on a show dedicated solely to stock picking, to keep their money in BSC.
Obviously I meant don't liquidate your account at Bear Stearns brokerage, which had of course historically catered to the mindless booya-chanting asshats who tune into Mad Money.
We said the bulkheads were watertight– as long as, you know, the water doesn't run over the top of them.
RMS Titanic Design Team
Harland & Wolff Ltd.
Belfast, UK
Cramer v. Simon Smuggs Limey Knickers. Cramer is loco, but at least he's not blinded by an English superiority complex and a New Labour love of all things that inch the continent closer to the United States of Europe. So, former pro or roast beef panty man journo…I'll take Cramer
I hated both these clowns.
- Mark Haines
Everytime this man opens his mouth, a value investor sneezes
Where are my paperclips!?!?!?!?!?!?!?
I hear ya, Jimbo. No one remembers the legitimate years. Call me. We'll talk.
B. Madoff
Butner, NC
I don't see a problem with Cramer's calls.
- UBS Analyst
At first I told her that I've got a 100% track record with the pull-out method….Now, 7 days later she's peeing on a strip and crying…But, for 3 mins there, I was right.
Clearly Cramer is a "when I find myself in a hole the obvious way out is to dig harder" kind of guy.
Fucking tool
Yeah don't force it Jimbo, just get a bigger hammer!
Still waiting for someone to come out with a book titled “How I made my first million betting against Jim Cramer”
Until then, this will suffice: http://www.youtube.com/watch?v=gUkbdjetlY8
Still waiting for someone to come out with a book titled "How I made my first million betting against Jim Cramer"
Until this, this will suffice: http://www.youtube.com/watch?v=gUkbdjetlY8
Another Jew with the initials J.C. getting nailed to the cross
I'm assuming the "legitimate" BSC call was "if anything they are more likely to be taken over"
You have to give it to the man… he did call it
Thus the D.E. Shaw interview question: If John Meriwether tells you not to buy a stock Jim Cramer recommends, how do you proceed? Please show your work.
Did BSC even have a retail brokerage? Only prime, I think.
That's easy
The default is a straddle.
A Strip/Strap should be implemented based on Cramer's position/how loudly he is yelling
Always money in the banana stand!
Depends if David is levered up 30-1, and stuck in illiquid EMG loans again.
If he is I tell the interviewer he has 15 minutes to clean out his desk and come work for me at a fund that will survive the next downturn.
If he's not, I tell them I don't fall prey to Appeals to Authority bias.
No, they had one- about 500 brokers, pretty high-end book of biz. Some HF's, credit unions, corporations, etc. were also covered out of Private Client. Whether an account was covered out of institutional or retail at BSC seemed to depend on whatever Jimmy C had for lunch the day it was opened.
Cramer in this video, starting at 1:55 in:
"bear is now one of these companies that's selling well below book…normally with a brokerage i like to buy in the money calls…i'm a little gunshy at this point, but i know that i would buy a small position in bear options because it's too low, it fell too fast, but i don't want to buy it when the stock is up."
http://www.thestreet.com/_rms/s/cramer-bear-is-so…
Everything that man just said is bullshit. Thank you.
Simon should lay off the charlie before coming on telly.
I rate this comment AA+
LOL he didn't rec Bear Stock in that video but he was pushing it hard all year. what a joke
Mr. Cramer, what you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.
Respect.
Hypnotize an S&P analyst into thinking Cramer's dingleberry picks are "magic beans" and then plant them in Meriwether's front yard assuming they won't grow out 34 standard deviations from their mean.
Jim, they always forget the legitimate years, try as you may to remind them.
-Bernie
nested if, then statements. how do you model THAT?
- AIG quant
Hilarious
This is genius.
He ate too many digestive biscuits I think…
Jim Kramer interview:
http://www.realecontv.com/videos/the-stock-market…
Q3t7DT I truly appreciate this blog. Really Great.
aVmETx I think this is a real great article.Really thank you! Much obliged.
HOTIfv Appreciate you sharing, great article.Much thanks again. Want more.