Jim Cramer , the CNBC master of ceremonies who ’s reportedly deserving at least $ 150 million , thinks Gen Z is bribe too many $ 14 margaritas at the measure he have in Brooklyn . And while we ’re all for giving millionaire baby boomers like Cramer less money , it ’s important to retrieve Cramer ’s lead record for advice — like the time he tell everyone to buy ethereum right before it tank .
“ One of the problem I see about Gen Zers — they’re not frugal enough , ” Cramer said in aCNBC videoposted Wednesday .
“ They almost seem like that they ’ll always have a good deal of money even when they do n’t have a lot of money . They have to change their mentation , ” Cramer continued .
File photo of Donald Trump and Jim Cramer at Rockefeller Center on 1 May 2025 in New York City.Photo: Michael Loccisano/FilmMagic (Getty Images)
Cramer then went on to hedge his literary criticism and say he was n’t calling for everyone to eat instant ramen all the time . The TV master of ceremonies just believe he ’s giving virtual advice and does n’t believe new people when they kvetch about the high monetary value of college .
“ I saw money spent as if it grew on a tree . I go through five $ 14 margaritas [ consumed by ] one individual , ” Cramer said . “ I ensure multiple beer to the dot where it was 40 bucks . ”
“ Do n’t have that 2nd margie , the third margie . When you confront them they say , ‘ well , but student loans , ’ ” Cramer said about youthful hoi polloi he ’s purportedly , allegedly , maybe verbalize with .
“ On the one hand you ’re saying you ’re leave to have all the margarita you want , but on the other hand you say , ‘ I ca n’t vest , I have pupil loanword , ’ ” Cramer said .
Where does Cramer want these young people to induct their money ? He does n’t say precisely in the new video recording , but he ’s on TV just about every Clarence Day , which means masses hear a lot of investment advice from him . Take the cryptocurrency ethereum , for example , as just one investment chance Cramer was recently promoting .
On April 28 , when ether was trade at $ 2,900 , Cramersaid , “ I think ethereum is terrific . I ’m a believer . And I think you could easy get 35 - 40 percent . ”
On April 28th , Jim Cramer said#Ethereumwould climb 40 % .
Since then , it is down 18%.pic.twitter.com/0DEjoL9bMl
— unusual_whales ( @unusual_whales)May 8 , 2022
How has ether been doing since Cramer gave out this advice ? In reality , ether has crashed and currently trades at $ 1,092 . If you invested $ 100 in ethereum when Cramer recount you to buy , you presently have about $ 37 worth of ethereum . But if you ’d drop that $ 100 on margaritas for you and all your friends you ’d have had a great fucking clip — put up you did n’t go to Cramer ’s bar .
What other fantabulous advice has Cramer doled out recently ? The Mad Money master of ceremonies said everyone shouldbuy stock in Netflixon January 3 of this year . Netflix ’s stock price was $ 597 on January 3 , down about $ 100 from its all - time high gear of $ 700 just a couple of month earlier .
Netflix ! BUY !
— Jim Cramer ( @jimcramer)January 3 , 2022
How ’s Netflix ’s stock terms doing these days ? It ’s presently swop at about $ 178 . Again , if you skitter the margaritas and invested your money in the thing Jim Cramer told you to invest in , the only thing you were saved from was a potential hangover .
Or take the field of operations Sir Ernst Boris Chain AMC , which Cramer tell masses to purchase the parentage onSeptember 9 , 2021 . The stock was priced at $ 35.54 at the sentence and is presently trade at $ 12.60 .
Buy$AMChttps://t.co / D4UZ1K5aaJ
— Jim Cramer ( @jimcramer)September 9 , 2021
The tilt proceed on and on when it come up to bad wager Cramer has peddle over the years . In fact , some people have float a trading strategy call up the “ inverse Cramer ” since he ’s had so many bad anticipation . And do n’t even get us commence on the fact that the average student loanword debt in the U.S. is around $ 39,000 . That ’s over 2,786 margarita at Cramer ’s New York stripe .
We ’re not saying it ’s tough to be frugal . Live your spirit and spend your money however you want . But every meter wealthy babe boomer manoeuvre to relatively inconsequent expenses — whether it ’s avocado goner or margartias — and say that ’s why young people have money job , they ’re either lying or they ’re dumb .
babe baby boomer ca n’t seem to grasp the idea that they enjoyed incredibleeconomic benefitstailored to their personal growth and existence in the second half of the twentieth 100 . And if they have n’t figured it out by now , they ’ll never get it . You did n’t accumulate flush because you ’re particularly frugal and a genius . You had peck of societal backing along the way , whether you require to allow in it or not .
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