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Jim Cramer's '10 Stocks To Own For The Future' In 2000 Cost This Redditor A Decade Of Retirement, Says Having To Work 10 More Years Was 'Painful' - SAP (NYSE:SAP), HP (NYSE:HPQ)
Benzinga· 2025-12-01 04:45
Core Viewpoint - A Reddit user criticized Jim Cramer's stock picks made during the Dot-Com bubble, claiming they resulted in significant financial losses and extended working years before retirement [1][5]. Group 1: Cramer's Stock Picks and Performance - Cramer presented a list of "10 stocks to own for the future" in 2000, shortly before the dot-com bubble burst, claiming these stocks would surge in value [2][3]. - The performance of these stocks has been poor, with only one, VeriSign, remaining independent and achieving a mere 5% gain since Cramer's original recommendation [4][5]. - The user noted that an initial investment of $100,000 in Cramer's picks would now be worth approximately $46,850, while the same amount invested in the S&P 500 would be worth around $712,600 [5]. Group 2: Cramer's Legacy and Market Impact - Cramer's stock recommendations have led to the creation of the "inverse Cramer" joke in finance, where investors do the opposite of his suggestions [7]. - An Inverse Cramer ETF was launched to allow investors to bet against his picks, although it has since been shut down [8]. - Cramer has defended his stock picks, arguing that betting against him would have meant missing out on significant gains from major companies like Apple, Google, and Amazon [8].