TheStreet’s Jim Cramer Donates 2012 Profits of $275,000 to Charity
Total Donations From Action Alerts PLUS Charitable Trust Exceed $1.8 Million
NEW YORK, April 9, 2013 /PRNewswire/ — TheStreet (Nasdaq: TST), a leading digital financial media company, today announced that the charitable trust of Jim Cramer, TheStreet’s founder and chief markets commentator, has donated more than $275,000 from the trust’s 2012 profits. Since launching the charitable trust, and the subscription service that chronicles its every move, Action Alerts PLUS, Jim Cramer has given away profits of more than $1.8 million.
“When I started this experiment by funding a charitable trust with $3 million and telling Action Alerts PLUS subscribers of my buys and sells, before I made them, I never expected my trust would be able to benefit so many worthwhile charities,” said Mr. Cramer. “Together with Stephanie Link, my co-portfolio manager, we find and invest in the best stocks and ETFs, while explaining to subscribers in real time, the process of managing money with real dollars. I’ve enjoyed playing with an open hand and educating subscribers on how to run a portfolio. The fact that gains go to charity makes it all that much more satisfying.”
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, Action Alerts PLUS, RealMoney, RealMoney Pro, Stockpickr, Options Profits, MainStreet and RateWatch. For more information on TheStreet’s business, visit www.t.st. For financial and business news, actionable trading ideas, stock quotes and more, visit TheStreet.com, follow TheStreet on Facebook and Twitter. For more information on The Deal, visit www.thedeal.com.