Action Alerts PLUS Up 16.72% in 2012 Beats the S&P 500 Index with Dividends Reinvested
NEW YORK, Jan. 9, 2013 /PRNewswire/ -- TheStreet, Inc. (Nasdaq: TST), a leading digital financial media company, today announced that the charitable trust portfolio of Jim Cramer, TheStreet's founder and chief markets commentator, gained 16.72% in 2012, beating the S&P 500 index with dividends reinvested by 72 basis points. This performance comes after trading fees and is extraordinary because subscribers receive advance notice of each trade, and markets often move between the time that an alert is sent and the trade is made.
"When I started this experiment by placing $3 million in a charitable trust and notifying Action Alerts PLUS subscribers of my buys and sells before I made them, I knew that I would be trading with one hand tied behind my back," said Mr. Cramer. "Together with Stephanie Link, my co-portfolio manager, I wanted to show that there is always a bull market somewhere, and playing with an open hand allows us to teach others how it all works," Mr. Cramer continued. "By generating 2012 trading profits and beating the S&P 500 Index with dividends reinvested, after fees, even with a lag time between alerting subscribers and executing the trades, I again demonstrated that good stock picking beats index funds."
"I'm proud of Action Alerts PLUS, not only for its 2012 performance and its donation of over $1.5 million to charity, since formation of the trust, with more gains to be distributed in 2013, but because it empowers investors to run their own money and hold their advisors and mutual fund managers accountable," said Mr. Cramer. "Stephanie and I work hand and glove to explain to people how professional portfolio managers make their decisions, and we are thrilled to start another year of showing, in real time, the process of managing money with real dollars, hopefully, to make as much money for charity as we can."
A unique service, Action Alerts PLUS (www.actionalertsplus.com), allows subscribers to receive advance notice of the actual trading of Mr. Cramer's charitable trust portfolio, together with an explanation of why every trade is being made. The service allows subscribers to trade alongside Mr. Cramer and Ms. Link, deepen their knowledge of the markets and strengthen their investing skills. The service also provides a weekly round-up of the portfolio and stock market actions, every Friday after market close, which summarizes the team's weekly stock actions, strategy and allows subscribers to develop game plan for the following week of trading. The round-ups also provide important upcoming corporate meetings, economic data points and key items that they are watching that will move the markets. In addition, they rank every stock held by the portfolio to show the best possible buys and sells for those who want to focus on immediate trading opportunities.
TheStreet, Inc. is a leading digital financial media company that distributes its content through online, social media, tablet and mobile channels. The Company's network of brands includes: TheStreet, RealMoney, RealMoney Pro, Stockpickr, Action Alerts PLUS, Options Profits, Chat on TheStreet, MainStreet and RateWatch. For more information on TheStreet's business, visit http://www.t.st. For financial and business news, actionable trading ideas, stock quotes and more, visit TheStreet.com, follow TheStreet on Facebook and Twitter, and access TheStreet through all major mobile and tablet platforms. For more information on The Deal, visit www.thedeal.com.
SOURCE TheStreet, Inc.