Jim Kramer's Mad Money = Dumbest Investment Advices ever

There's this guy on CNBC (finance + business channel) show called Mad Money with Jim Kramer. He gives out supposedly "good" stock tips.

Total joke.

I don't understand how people think some of those late night informercials that teach about financial freedom (like Carleton Sheets, Robert Kioysaki, etc) are get rich scams but however the fact that this guy Kramer has a TV show makes him any more legit. In fact, I think Kramer is more of a get rich quick scammer more than anyone else I see on TV. (Ok, maybe Don Lapre is still the greatest and most interesting scammer.)

One of his advices... "Buy low, sell how is a myth. Buy high and sell higher, that's how you make mad money!" Oh brother. I wonder how many people who actually listen to him are actually rich.

He advocates FLIPPING stocks like how people FLIP real estate. There is no value added to the economy when people do that. No value = no profit. You just end up paying shitload of capital gains tax and fill those exciting IRS forms.

Investing is just like working out. If you take steroids and pump iron hard for one month, sure you might see some results. But how long is that gonna last? Or sprinting a marathon.. how much distance can you cover? Or marrying someone you met a month ago... how long will this love-y dubby phase last when you barely know the person?

Slow and steady wins the race b/c quite frankly... race is longer than most people think.
Invest for LONG term. That's how you create REAL value, thus REAL profits. You don't believe me? Ask Warren Buffett, Bill Gates, Donald Trump, Peter Lynch, etc etc.

How does this Kramer guy actually consider stock flipping a form of investing? It's TRADING, NOT investing in, stocks. Sure, there are plenty of people who actually make money (and lots of it) trading stocks, but for the average Joe and people w/o strong stomach, this is really a BAD strategy.

There's this article about investing, easy to understand, concise, and to the point... to the RIGHT point: http://maivoice.blogspot.com/2007/02/start-investing-early-rule-of-72.html