Can't Say I'm Surprised

Over the years, FTVLive has pointed out just how bad CNBC’s Jim Cramer is when it comes to picking stocks.

Want more proof?

An exchange-traded fund (ETF) that aimed to track CNBC anchor Jim Cramer’s stock picks is planning to shutter just five months after launching.

The Long Cramer Tracker ETF (ticker LJIM) will stop trading Sept. 11, according to a press release Monday. The fund, which buys stocks recommended by the host of CNBC’s Mad Money show, has only managed to attract $1.3 million in assets amid gains of just 2.2% since its debut in March.

2.2%?!

To give you an example of just how bad that is, FTVLive, which is no financial expert, has seen our stock portfolio rise over 20% in that same time frame.

FTVLive has seen our Robinhood account grow greatly this year, with most of our investments in Apple, Google, Amazon, and Rivian.

The only two media stocks we own are Disney, which is by far and away our biggest loser, and Comcast, which is up 28% for us.

I don’t use a financial consultant and only buy stocks in companies I believe in. I’m not an expert, and I’m not on CNBC, but even I can do a better job than Jim Cramer.

H/T Yahoo