After many years of success on Wall Street, Jim Cramer decided to share his knowledge of investing with the general public in a book titled Jim Cramer’s Real Money: Sane Investing in an Insane World. The book aims to give the average investor a better understanding of how to pick and choose individual stocks. In 2005, Cramer took his message to the masses with a television show called Mad Money. The colorful show currently airs weekdays on CNBC and has developed a rabid following of fans and critics. The program is designed to dive into the world of investing each day with Cramer providing his opinion on which stocks a person should buy or sell.
As co-owner and writer for TheStreet.com, Cramer has been posting stock market commentary for well over a decade. In 2001, Action Alerts PLUS was created as a service of TheStreet.com so that investors can trade alongside Cramer as he makes investment decisions for his charitable trust stock portfolio.
How does Action Alerts PLUS work?
Action Alerts PLUS is a subscription service offered through TheStreet.com. The service alerts you by email and through the website when Cramer has recommended that a stock should be bought or sold. Cramer gives very detailed information about the stock, the action he will be taking, and perhaps most importantly, why he is making that decision.
At the end of each week he does a weekly roundup of all the stocks that he currently owns in the charitable trust. The weekly roundup reviews each position and discusses what could likely affect the price of each stock in the coming week.
What are the benefits of using Action Alerts PLUS?
With this service you will be able to get inside the head of an industry expert and learn from his experience. Cramer shares with you every move that he is going to make in the charitable trust before he takes action. You will get full access to each holding and understand why he wants to buy or sell each stock. Action Alerts PLUS will give you the tools needed to make an informed decision. Thus, even if you don’t want to replicate Cramer’s trades (or perhaps you don’t even want to trade at all), you can still use this service to learn how investing works and how one of the top investors makes his trading decisions.
The service is like having a personal mentor who can guide you in turning the “scary” world of investing into something that we can all understand and handle. The other neat thing about the service is that it not only gives you stock tips, but also provides you with the insight and tools necessary for you to potentially make your own independent trading decisions down the road. For anyone new to investing, Action Alerts PLUS is a great option because you are learning from some of the best and brightest and getting access to quality, dependable research and advice.
The website has a wealth of information available to subscribers, including articles like Cramer’s Twenty-Five Rules for Investing and Ten Commandments for Trading. There is also a section that will guide you on how best to use the website and Cramer’s advice.
Below is a preview of some of Jim’s latest positions. You’ll be able to see the entire portfolio as well as open and closed positions inside.
Who should use Action Alerts PLUS?
Anyone who is interested in actively trading stocks or who just wants to understand how it works with the help of an expert’s opinion can benefit from Action Alerts PLUS. There are many useful tools and an abundance of educational information. The action alerts can also really help shave off a lot of time that is typically spent on research. Even as an experienced investor, I found the website and the alerts extremely helpful for evaluating stocks. The service moves at a comfortable pace and for someone who is new to the world of investing, I think it’s user-friendly enough that you can get quite comfortable with it.
If you do end up liking the service and want to stay on, you can sign up for an annual subscription where you’ll get $25 off through this promotion as well as a free copy of Jim’s new book, Getting Back to Even.