Action Alerts Charitable Trust
In the timeframe of 2002 until May 2009 the performance of Cramer's charitable trust "Action Alerts PLUS" outpaced the S&P 500 and the Russell 2000; while the charitable trust accumulated a return of 31.75%, the S&P 500 had a return of 18.75% and the Russell 2000 has a return of 22.51%. On an annual basis, the trust outperformed the S&P 500 by 7.35% and the Russell 2000 Index by 3.33%. Paul Bolster explains that Cramer beats the market in part because of the excess risk in his picks. “If we adjust for his market risk, we come up with an excess return that is essentially zero,” Bolster said, adding that “zero,” in this case, means his returns are roughly in line with the risk he’s taking on.
CNBC does not permit Cramer to buy or sell any security he has spoken about on CNBC for the trust for five days following the broadcast. Whenever Cramer is acting within his portfolio or important news about his stocks occur he sends out e-mails to his paying subscribers on TheStreet.com. Whenever mentioning a stock that he holds in his portfolio, he is required to disclose that he owns shares of such company on his CNBC show.
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Famous quotes containing the words action, alerts, charitable and/or trust:
“When the course of events shall have removed you to distant scenes of action where laurels not nurtured with the blood of my country may be gathered, I shall urge sincere prayers for your obtaining every honor and preferment which may gladden the heart of a soldier.”
—Thomas Jefferson (1743–1826)
“Most literature on the culture of adolescence focuses on peer pressure as a negative force. Warnings about the “wrong crowd” read like tornado alerts in parent manuals. . . . It is a relative term that means different things in different places. In Fort Wayne, for example, the wrong crowd meant hanging out with liberal Democrats. In Connecticut, it meant kids who weren’t planning to get a Ph.D. from Yale.”
—Mary Kay Blakely (20th century)
“She was so charitable and so pitous
She wolde wepe, if that she saugh a mous
Kaught in a trappe, if it were deed or bledde.”
—Geoffrey Chaucer (1340?–1400)
“For Nature ever faithful is
To such as trust her faithfulness.
When the forest shall mislead me,
When the night and morning lie,
When the sea and land refuse to feed me,
‘Twill be time enough to die.”
—Ralph Waldo Emerson (1803–1882)