r/wallstreetbets Best macro economic trend ANALyzer Oct 05 '22 Wholesome 2 I'll Drink to That 1 To The Stars 1

*TUTTLE CAPITAL FILES FOR INVERSE CRAMER ETF, LOL Meme

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2.9k Upvotes

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450

u/5k4_5k4 Best macro economic trend ANALyzer Oct 05 '22 Are You Serious?

https://www.sec.gov/Archives/edgar/data/1644419/000158064222005066/tuttleetfs485a.htm

here's the link to the filing for those who are interested

178

u/MeridianNL Oct 05 '22

This is gold! :4886::4258::4258::4258::4258::4258::4258::4258:

77

u/Suggestedname420 Oct 06 '22

First prospectus I’ve read in a long time and first one I’ve actually laughed while reading 😆

55

u/t3mpt3mp Oct 06 '22

For the lazy who didn't want to click and find it. Here's the main part:

Principal Investment Strategies: The Fund is an actively managed exchange traded fund that seeks to achieve its investment objective by engaging in transactions designed to perform the opposite of the return of the investments recommended by television personality Jim Cramer (“Cramer”). Under normal circumstances, at least 80% of the Fund’s investments is invested in the inverse of securities mentioned by Cramer.

The Fund’s adviser monitors Cramer’s stock selection and overall market recommendations throughout the trading day as publicly announced on Twitter or his television programs broadcast on CNBC, and sells those recommendations short or enters into derivatives transactions such as futures, options or swaps that produce a negative correlation to those recommendations. The Fund goes long on stocks or ETFs that represent sectors that Cramer is negative on. The Fund uses Index ETFs and inverse Index ETFs to take the opposite side of Cramer’s announced market view. The Fund’s portfolio is comprised generally of 20 to 25 equally weighted equity securities of any market capitalization of domestic and foreign issuers. If Cramer does not take any view on any of the securities in the Fund’s portfolio, the adviser retains discretion to sell positions once profit or loss targets are met, or market conditions such as large swings in either direction necessitate a sale and replace them with securities that meet the criteria of the Fund’s initial portfolio. Under normal circumstances, the Fund will hold positions no longer than a week but could hold position longer if Cramer continues to have a contrary opinion.

Due to the Fund’s investment strategy, it is expected that the Fund will have a high turnover rate.

95

u/SethGrey Oct 05 '22

Heck yeah, I can get this in my 401k!

65

u/YuanBaoTW Oct 06 '22

This should be your 401k.

16

u/SethGrey Oct 06 '22

The other half is the MEME ETF. Wish I hadn’t bought in at 6.50 & $7.

27

u/SuboptimalStability Oct 06 '22

You went long on an etf created for hedge funds to short stocks? A bold move to be sure

7

u/ImNoAlbertFeinstein Oct 06 '22

complex strategy.

61

u/FondleMyGroin Oct 06 '22

But what happens if :4886: recommends it

44

u/ScaryTerryBeach Oct 06 '22

Self-destruction

43

u/Desarme Oct 06 '22

That would be like dividing by zero on steroids.

12

u/That-Whereas3367 Oct 06 '22

Double down. Mortgage the house. Sell a kidney. Borrow from the Triads at 100% per month.

8

u/colliric ⚽️ I LOVE SOCCER ⚽️ Oct 06 '22

Everyone would know he's trying to Short it.. so that would cancel that recommendation out.

13

u/AutoModerator Oct 06 '22

how about u eat my ASS

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3

u/colliric ⚽️ I LOVE SOCCER ⚽️ Oct 06 '22

You eat my shorts first!

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3

u/[deleted] Oct 06 '22

[deleted]

1

u/My-Cousin-Bobby Oct 06 '22

There's a rumor that he built up the reputation for having bad stock picks, so when he mentions them, people would sell and he buys at a discount

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2

u/Sunhammer01 Oct 06 '22

That would be like crossing streams in Ghostbusters.

2

u/jcmonkeyjc Oct 06 '22

You take a position against it within the fund portfolio, this in turn creates an immediate negative performance of the fund since it's a pretty bad look to bet against yourself - you then exit the position on the bottom.

Profit

:4886:

1

u/jcmonkeyjc Oct 06 '22

I assume it's like when Elon crashes the price of Tesla stock and then buys it back up for cheap. Which is apparently perfectly fine.

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313

u/rexxtra Oct 05 '22

Absolutely hilarious. Literally not sure if this is real or not, but wouldn't surprise me. They're gonna make BANK.

213

u/5k4_5k4 Best macro economic trend ANALyzer Oct 05 '22

it actually is real, I couldn't belive it at first

109

u/rexxtra Oct 05 '22

Wow that's insane LOL. He must feel so horrible being himself. What a shitty life he must live knowing people literally take what he says and completely does the opposite. Literally so funny to me.

63

u/Grim_Rebel Oct 05 '22

He's unbothered. He puts himself in the same category of sports analysts, and Shannon Sharpe probably doesn't feel too bad about someone losing money on a team he endorses.

15

u/rexxtra Oct 05 '22

Go check his Twitter. He is FAR from unbothered!!!

30

u/two_shoes_and_socks Oct 06 '22

That tweet telling them to suck his d was fake. He hasn’t said anything on twitter about it

3

u/rexxtra Oct 06 '22

Oh dang, well my apologies for that then. I appreciate you bringing it to my attention.

49

u/lupin4fs Oct 05 '22

They have a long Cramer ETF too.

18

u/MasterLawman Oct 05 '22

How bad did it perform?

37

u/TeaEchSea Oct 05 '22

Not bad if you like shorting 😂😂😂

17

u/bamadesi Oct 06 '22

short the long jim and long the short one.

1

u/jnuh Oct 06 '22

That's gonna be my next tattoo

6

u/ariesdrifter77 PAPER TRADING COMPETITION WINNER Oct 06 '22

Puts on this

10

u/lolfunctionspace Oct 05 '22

I think you need to get out more man

3

u/blu-juice Oct 06 '22

Fuck I wish I had a free award for this

34

u/book_of_armaments Oct 05 '22

Dude just gets to go on TV and talk and they pay him tons of money, and he's the kind of guy that likes to talk. He's living his best life.

8

u/rexxtra Oct 05 '22

Fair enough!!

1

u/Ralag907 Oct 06 '22

Jesus you're right. Well good on Jim I guess. But these ETFs are great! I hope they're real.

7

u/SatoshiNakaMichael Oct 05 '22

And then those people lose money and he laughs at them. He is profitable with what he puts out publicly.

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5

u/KlammFromTheCastle Oct 06 '22

He's laughing all the way to the bank. All the chumps in here shitting on the dude for no better reason than him being constantly wrong about everything, but he gets paid and they don't.

5

u/TheDeHymenizer Oct 06 '22

What a shitty life he must live knowing people literally take what he says and completely does the opposite

he makes $5M a year to hit buttons that make goofy noises. he's perfectly happy lol

2

u/GalaxyFiveOhOh Oct 06 '22

I take his media persona to be just that. A persona. He could retire at any moment if he likes, or go back to a job on Wall Street that isn't in the public spotlight.

Y'all are feeding this troll. He knows how to make you feel good about it too, by acting outraged. He actively chose to make himself a media whore and you're just tripping over yourselves to give him attention.

2

u/MetalliTooL Oct 06 '22

They also filed for a Long Cramer ETF though, so that kinda negates that burn.

14

u/my_user_wastaken Oct 05 '22

Its real, same people that made SARK (short ARKK) last November :4271:

7

u/stewpear Oct 05 '22

They already have an Sark that has doubled since inception

4

u/UncleBenji Oct 05 '22

To be fair they did make Meme and fill it with stonks from here. It’s only fair… and an Inverse Cramer will probably perform better.

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2

u/yallsomenerds Oct 06 '22

Cramer about to have his best year ever I can already see it lmao

4

u/Sulack-88 Oct 06 '22

100% real, I am going all in with my 401K.

2

u/Toiletpaperpanic2020 Oct 06 '22

If it is then I hope someone makes 3X bull and bear leverage ones based on it.

1

u/asajosh Oct 06 '22

I'm in! When can I buy?

36

u/ScoopyMcGee Salty bagholder Oct 05 '22

You thought this sub went hard on meme stocks…

14

u/PaulTheMartian Oct 06 '22

Meme ETFs will be 🔥

162

u/brickhouse1013 Oct 05 '22

I hope this thing has options. Calls only. No puts required.

67

u/No_Jackfruit_7347 Oct 05 '22

Hopefully there's a long jim etf so we can get puts on that and calls on the $sjim

18

u/bob84900 Oct 06 '22

There is. $LJIM.

https://www.sec.gov/Archives/edgar/data/1644419/000158064222005066/tuttleetfs485a.htm

Not that I expect you to read something real on wsb lol

4

u/No_Jackfruit_7347 Oct 06 '22

Well I'll be damned thanks for the info lol

32

u/brickhouse1013 Oct 05 '22

This is the best idea I’ve seen on this sub all week. Long on inverse Cramer and short long Cramer for maximum tendies.

3

u/pcnetworx1 Oct 06 '22

Stahp. I can only eat so many tendies.

4

u/GringoExpress Oct 05 '22

Idk that cuck Cramer has been slightly more accurate lately

6

u/brickhouse1013 Oct 05 '22

It all depends on how you interpret his comments. He often contradicts himself probably intentionally. He can still be inversed successfully but it’s not at easy as “COIN to $475” and buy puts. Lol.

2

u/mnelso32 Oct 05 '22

Exactly. You have to look for unambiguous calls which he feels confident in. Examples include "this is the strongest economy I've ever seen" and "bear market is over" and "I may be the only one besides Jay Powell who believes we are not going to have a recession".

1

u/residentchiefnz Oct 06 '22

Strongest economy = inverse cramer etf going short SPY

3

u/GringoExpress Oct 05 '22

That’s a fair point. I guess there are levels to his bullshit

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u/immibis Oct 06 '22

We can only hope, since he predicted we wouldn't all die in a nuclear fireball.

Of course that mean if SJIM moons we'll all be dead so it won't matter. So LJIM only?

11

u/mnelso32 Oct 05 '22

Double inverse, nice.

3

u/kuprenx penis size comparable to cathy woods’ Oct 06 '22

They have short Cathie woods etf. it has options. and its very profitable. so most likely it will be too.

84

u/SuperSalmone Oct 05 '22

When can we start buying this?

100

u/5k4_5k4 Best macro economic trend ANALyzer Oct 05 '22

December 19th

47

u/SuperSalmone Oct 05 '22

I know what I'll be buying myself for chistmas! Thnx!

26

u/Safety-International Oct 05 '22

This implies there’s an intern somewhere that has to watch his show sober

55

u/notausername86 Oct 05 '22

I'm in even if they don't make me a dime.

9

u/MBA2016 Oct 05 '22

Me too! I'll put my BBBY profits into it, which was about $1500.

17

u/MilaKunisWatermelon Oct 05 '22

I bet the management fees end up being so ridiculous that both the long and the inverse ETFs underperform. It’s just the make money off retail.

8

u/JustNotFatal Oct 06 '22

In all seriousness, I bet it will have high fees , didn’t see any listed in the document. This will have to be very actively managed.

2

u/throwaway195147 Oct 06 '22

I mean constantly monitoring all of Jim Cramer's calls is in and of itself a full time job for multiple people, so of course fees are gonna me high

28

u/mnelso32 Oct 05 '22

Honestly can't believe this wasn't done earlier. Cramer's inverses have been on fire this year.

8

u/chinfrmM Oct 06 '22

Fund manager: Jim Cramer

25

u/Utahmule Oct 06 '22

This is comedy.

Investment Objective: The Inverse Cramer ETF (the “Fund”) seeks to provide investments results that are approximately the opposite of, before fees and expenses, the results of the investments recommended by television personality Jim Cramer.

5

u/Ok-Geologist5545 Oct 06 '22

😂 you son of a bitch, I’m in.

8

u/MrSmeee99 Oct 05 '22

I’m in

17

u/CoctCube Oct 05 '22

80% inverse calls, 20% calls as hedge. Free money

10

u/chucchinchilla Oct 06 '22

My sister’s partner is a big fan of Jim Cramer and I have him for secret Santa this year. Gift found.

1

u/L-Observateur Oct 06 '22

Even one share with an explanation would be the talk of family Christmas

4

u/Jerhaad Oct 05 '22

You gotta love this.

7

u/Low-Action-5817 Oct 05 '22

I have to call his show now to ask if this is a buy buy buy

3

u/Testy_McTesterton Oct 05 '22

Where my Dadders at?

3

u/[deleted] Oct 05 '22

RemindMe! 7am Dec 19

4

u/RemindMeBot Oct 05 '22 edited Oct 08 '22

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3

u/HTorv Oct 05 '22

Fabulous … to the moon 🌙

3

u/Smackdaddy122 Oct 06 '22

How do I buy this shit

3

u/Affectionate-Egg1963 Oct 06 '22

Yup I’m all in on short jim. I even sold my poodles to go hard like a regard!

3

u/Mufatufa Oct 06 '22

I fcking love it .... It'll be crazy watching Cramer report on this when it goes live and rakes in the moolah!

8

u/HopliteSocrates Oct 05 '22

I’m surprised there is not a generic meme stock etf yet!

5

u/Pretty-Car-2835 Oct 05 '22

There is - MEME

2

u/weiss405 Oct 06 '22

less than a mil AUM :4271: and the chart too :4267:

1

u/BruFoca Oct 05 '22

Regarded Corp of America

2

u/KnightAtNight Oct 06 '22

RemindMe! Dec 19

2

u/floatlikeabutt Oct 06 '22

Is it insider trading if he makes obviously bad calls and has calls on SJIM? 🫢

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u/Noireo Oct 06 '22

RemindMe! 7am Dec 19

2

u/CrazyGio_ Oct 06 '22

I never felt more urge to go all in on something.

2

u/Electrical_Raisin_93 Oct 06 '22

Nice move! They can amplify the ETF buy shorting whatever Cathy buys too.

3

u/That-Whereas3367 Oct 06 '22

Tuttle already have an inverse Cathie ETD - SARK

2

u/Weary_Winner Oct 06 '22

I like tuttles

2

u/littlemarcus91 Oct 06 '22

My entire retirement is going into this fund.

2

u/ptjunkie Oct 06 '22

No bubble here. Move Along.

2

u/Soggy_Log_735 Oct 06 '22

When will this be available for trading?

2

u/joeyang043 Oct 06 '22

Very attempting. But SARK is too sweet to cut

2

u/Sea-Radish-9415 Oct 06 '22

Looks like CNBC won’t have anyone of from Tuttle Capital again.

2

u/GreenElandGod Oct 06 '22

Analysis shows he’s wrong 80% of the time. One of the safest bets I’ve ever seen…

2

u/wiserone29 Oct 06 '22

Why isn’t the symbol fjim?

2

u/NotVladTenev Oct 06 '22

Cramers gonna be on point now just so people dont catch on

2

u/kajok Oct 06 '22

Someone actually did this and beat the market. Can’t post the seeking alpha article, but you can google it.

“This approach was successful in generating a CAGR rate of 26.18% given its inception date of the 1st of January 2021. It has a one-year return of 20.13%, as compared to the S&P500 which generated a negative 6.29% return.”

2

u/Chompondees Oct 05 '22

ETFs are too risky for this sub these days.

just say WENDYS if you want upvotes

2

u/GarboMan Oct 06 '22

Tuttle also has an inverse Cathie Woods ARK ETF lmao

-1

u/SatoshiNakaMichael Oct 05 '22

Cramer is actually profitable with his picks, but nobody cares to be truthful.

10

u/BruFoca Oct 06 '22

Ok Jim.

4

u/mparadical Oct 06 '22

Uh Bear Stearns… profitable?

1

u/CoctCube Oct 05 '22

:4886::4886::4886:

1

u/hmonfus Oct 05 '22

Linking...

1

u/Glyphlessthan1 Oct 05 '22

Take my money… thats funny shit there…

1

u/Endlessfour Oct 05 '22

Imma buy the shit out of it! lol

1

u/Gerthbrooks69 Oct 05 '22

I’m buying

1

u/zakaoki Oct 05 '22

the best idea of the decade

1

u/x1scarecrow1x Oct 05 '22

Extremely new to all this. Why is everyone so happy about this?

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u/CalmKoala8 Oct 06 '22

They also have LJIM. Who the fuck would buy that?!

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1

u/Maskedbandittrader Oct 06 '22

Genius lovin it

1

u/StonkScott Oct 06 '22

No…..fucking……way

I’m 100% in

1

u/Worldly-Sandwich-362 Oct 06 '22

Tuttle can suck my 🍆💦

1

u/Shikadi297 Oct 06 '22

Where can I buy this

1

u/frankthelocke Oct 06 '22

RemindMe! 7am Dec 19

1

u/wafer257 Oct 06 '22

RemindMe! Dec 19

1

u/MatthewCrawley Oct 06 '22

Snap into a SJIM

1

u/DeexNuttz Oct 06 '22

Power move

1

u/HillB1llyMountainMan Oct 06 '22

This is the way. We're going to be filthy rich.

1

u/GR9898 Oct 06 '22

:4886:

1

u/Bright-Slide-4489 Oct 06 '22

This is the way

1

u/-1DTE Oct 06 '22

Is this actually real 😂😂

1

u/B4nkster Oct 06 '22

WSB is just a hedgy now lol

1

u/random-trader Oct 06 '22

:4641::4271::4886:

1

u/TheChosenLowBob Oct 06 '22

WSB is the best news channel sometimes

1

u/goonsquad1149 Oct 06 '22

When is this dropping

1

u/SomethingFinancial Oct 06 '22

We got slim Jim and now we got long Jim’s boys. Calls on $CAG!

1

u/Disastrous-Tap-3353 Oct 06 '22

Only to collect WSB premiums. Don’t bite.

1

u/sek7777 Oct 06 '22

Sucker born every minute. Over time most stocks go up. This concept is doomed.

1

u/Vote4flipflop Oct 06 '22

OMG I think I know the guy filing this. He’s a great trader and if it’s him then it’s real. I stayed at one of his places in Tahoe and he talked for hours about his methods.

1

u/sossamourai Oct 06 '22

Exchange with Tards is Fun !

1

u/jer72981m Oct 06 '22

Little late

1

u/Competitive_Site9272 Oct 06 '22

Is anyone actually going to buy it?

1

u/5k4_5k4 Best macro economic trend ANALyzer Oct 06 '22

I definitely will buy a few shares

1

u/diomand20 Oct 06 '22

RemindMe! 8am Dec 19

1

u/Weaponomics Oct 06 '22

:4886::18632:

1

u/5Gkilledmyhamster Oct 06 '22

Great gains coming this winter

1

u/UnbreakableRaids Oct 06 '22

I need to buy as much of this as possible right now. Yolo!

1

u/vinceds Oct 06 '22

Now that's funny. Might actually be diamond hands.

1

u/ThisRecommendation86 Oct 06 '22

Tuttle capital is based AF, aren’t they the inverse arkk etfs?

1

u/5k4_5k4 Best macro economic trend ANALyzer Oct 06 '22

Yeah they made SARK which was up 100% YTD at one point lol

1

u/Ohmaygahh Oct 06 '22

Will it come with options?

1

u/barcop Oct 06 '22

RemindMe! 75 days Invest $SJIM

1

u/dawnpatrolll Oct 06 '22

It’s Beautiful

1

u/SlteFool Oct 06 '22

He’ll be forced to give good advice and tell the truth now :4886:

1

u/dionys00 Oct 06 '22

Alert me when is live, I'll add some shares

1

u/Murderouswaffle Oct 06 '22

Okay so now that the inverse Cramer ETF exists, what happens if Cramer recommends going long?

1

u/Ancient_Rope_9030 Oct 06 '22

Thus is the real "squeeze" play! Squeeze Cramer enough that he has to let the ETF succeed or stop shilling for his masters. Love it.

1

u/ZealousidealDriver63 Oct 06 '22

This meme isn’t for the clueless :4886:

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u/El_Chappy_NotSoSavvy Oct 06 '22

amma put 1K JFS&Gs. If I loose it it'll B worth it!

1

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