Welcome to Inverse Cramer by Alts.co: Tracking Jim Cramer’s stock picks so you can do the opposite 🙃
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Happy July 4th to everyone in Cramerica 🇺🇸
Table of Contents
Monday June 26
I’m in favor of the S&P 500 as an index fund. That’ll be terrific, that’s where my retirement is in, that’s where your retirement should be. I like diversification.
-On Fidelity ($FNF)
Cathy Woods could be the best money manager in 2020, far from the best in 2021, and among the worst in 2022. Her flagship Ark Innovation Fund went almost all in on high-risk growth stocks, that’s not diversified. All those stocks tend to trade as a group. I want you to be aware that once you go all in on an un-diversified portfolio, it is likely to blow up in your face a couple of times.
-On Ark Invest ($ARKK)
Tuesday June 27
Jim skipped the lightning round calls twice in a row!
But there are some good nuggets from today’s show:
Why is it that so many seem people feel differently about the stock market? Why are we drawn to penny stocks? It’s the same reason why so many people throw away their money buying garbage cryptocurrencies.
Here’s the thing, if you’re hunting for cheap stocks of low-quality companies, it’s more likely to lead to losses than gains
-On Penny stocks and garbage cryptocurrencies.
Caller Mary: “If you have $4,000, how do you invest?”
For your first 10,000 and not before then, you should put that money in an S&P index fund, preferably a low-cost one. Only after that, can you start buying individual stocks.
Caller Jerry: “You always stressed diversification, but my investment strategy is mainly growth. Things like gold, recession-proof stock, and dividends stocks have all backfired for me. I prefer tech stocks, and I’ve been enjoying the ride on my tech-heavy portfolio lately. I’m waiting for a downturn so I can buy some more.”
There have been times in our careers when that strategy has been very bad. Being tech-heavy, I’m worried about your position if we get something like the 2000, 2008, or 2021 where we begin to roll over.
(Didn’t we just have a tech stock recession? We already rolled over, and now we’re rolling back. Let the growth guy enjoy the ride.)
Wednesday June 28
Jim’s on vacation, keeping it very chill in Iceland 🇮🇸
His trolling game has been decent lately:
Wait, does this mean he’s tech heavy now?
Thursday June 29
Jim saw a whale and named it “Wells Fargo.”
Wells Fargo’s ($WFC) impending doom is inevitable.
Tick tock… ⌛⌛⌛
Friday June 30
Jim’s third day in Iceland.
The reaper gonna reap.
The perfect place to be Jimmy Chill eh?
Come back well-rested for us bud 👍
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That’s a wrap. As always, we’ll be following Cramer’s every move so you can do the opposite.
Enjoy the week ahead.
-IC
Disclosures
- This issue was sponsored by our friends at Tuttle Capital and Diamond Standard
- We have invested in Diamond Standard through our ALTS 1 fund
- I have no holdings in any company mentioned in this issue
