Chairman's Club Call Roundup
The fiscal cliff made for a challenging year end for Action Alerts PLUS, Jim Cramer and Stephanie Link told Chairman's Club investors on a conference call Wednesday. But that didn't stop the charitable trust form delivering a 16.7% return for 2012 that beat the Dow Jones Industrial Average. Cramer and Link said they remain positive for their 2013 outlook and took questions from those on the call.
Cramer said the he was expecting taxes to increase on capital gains and dividends, a thesis that helped drive his decisions to cut loose some of the stocks in the trust that weren't working and raise a little cash in the process. Markets would soar to all-time highs if our country's budget issues finally get resolved, which is why he remains fully invested so as not to miss that move, he said....408 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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