Rogues Gallery: Jerry Tuma

It's really hard to figure this guy out.  He's either terribly misguided or he's another charlatan masquerading as a Christian in order to appeal to that audience.  I've heard some horror stories from ex-clients that make it hard to believe that it's just the former.  His firm is tiny and the firm's website looks like his kid built it in his spare time.  He's another market timer with all the typical wild predictions and scare tactics.  You can look for some sort of quantifiable track record, but you won't find it.

Studied under who?

He makes some carefully worded and convoluted claims about his education on his website, which states "Jerry studied under one of the nation's top economic forecasters, a disciple of Nobel Prize winning economist, Milton Friedman".  If you're not careful, it's easy to get the impression that he studied under Friedman - I suppose that would have been during Friedman's tenure at UT-Arlington (not likely)!  Market timing is a stupid idea, but it makes for a good radio show because the great unwashed think that smart advisors are supposed to be able to make market predictions.  These guys know that and they take advantage of it.