Happy Friday everyone! Today's video is sponsored by Blinkist - get a 7-day free trial and 25% off Blinkist Annual Premium by clicking here: www.blinkist.com/theplainbagel or scanning the QR code in video.

@LavaCreeperPeople

11 ай бұрын

Investment Analyst Reacts to Investing TikToks (Part 5)

@Liam_Daly

11 ай бұрын

Richard, the Nvidia covered-call would have made a decent bit of money, because it's still Delta positive.

@lucasatilano8008

11 ай бұрын

You think that someone who regularly sold NVDA covered calls for the last few months lost money?

@ichabodlorax7585

11 ай бұрын

Just an unrelated thought; If you wanted to make a second channel to cover miscellaneous non-finance topics that you still think would be interesting to talk about, you could call it The Everything Bagel.

@jcortes06

11 ай бұрын

Blinkist has started adding some fiction books too!

Getting rich is so easy just gamble and never lose

@bat2529

11 ай бұрын

I knew I was doing something wrong. I kept gambling but losing. Thanks to you now i’ll just start winning.

@panzerschliffehohenzollern4863

11 ай бұрын

Instruction unclear. Am still losing. Send help.

@contrasbeatshop

10 ай бұрын

Thank you, my returns exceed 300% now

@shreehariraam2290

10 ай бұрын

Don't forget 10x 10x 10x

@rplayer360

10 ай бұрын

😂😂

The daily compound interest lady is a fool. If she were more disciplined , and kept her money interest for an extra year she would have $783 billion, or another year (4), she would have $1,079 trillion. Who's laughing now, if she were more disciplined she'd have several times the global economy.

@ThePlainBagel

11 ай бұрын

That's why she has the Discord group though, so that YOU can be the first to do so. Opportunity of a lifetime.

@joefer5360

11 ай бұрын

@@ThePlainBagel I'LL FINALLY BE ABLE TO BUY THAT MOON I ALWAYS WANTED!!

@jamesodell3064

11 ай бұрын

She is not the fool, the fools are the people who buy into her ideas.

@LAM_G80085

11 ай бұрын

@@carrettone bruh forget the trading fees, If someone was able to compound like that and if they did it for a few decades then soon their net worth will be more than the entire planet, Corporations would put Hitman on your head long before that

@ctolcode

11 ай бұрын

Yeah, I also ended up thinking about that again. The 2% is impossible. But she brushes over it as if it was normal. I guess that’s how she catches the idiots that believe her

Last year I only made $399,999. Had to sell a kidney, put down the dog and pull life support on my dying mother to make ends meet. Really is a struggle when you're poor.

@ThePlainBagel

11 ай бұрын

Thoughts and prayers

@TheNewCarryTrade

11 ай бұрын

LOLOLOL...Before you unplug Mom, all you need to do is get 3 10 baggers in a row and then take those profits and earn 2% per day...after that compounds for a while, you should be able buy yourself a new kidney, dog, and possibly a new mom; depending of course on how long you have to wait for those 10 baggers ;-)

@delouka

11 ай бұрын

@pinuyasha, you just haven't been disciplined enough, had you used the softwares with a 2% daily return you'd possibly even been able to buy your dog fresh meat (I think... 399k x 2% compounded over 250 days is like almost 1 million aka minimum wage right?)

@midimusicforever

11 ай бұрын

Buy kidneys for cheap from China and re-sell. Way more profit!

@xaldath4265

11 ай бұрын

​@@ThePlainBagelbeat me to it.

2%/day girl: “there’s software available that you can use to achieve this…” Richard: “no there’s not”

@caseytailfly

11 ай бұрын

I think you meant “softwares”, crucial distinction! 😂

@charlizard_762

11 ай бұрын

@@caseytailflysoftware is the plural of itself lmao

@emmanuelgoldstein319

11 ай бұрын

Brainlet tiktot user: “tHerE’s soFftWare aVaiLaBle THat yOu cAn uSe to AchIeve thIs…” Ri*chad*: No

@andrews9719

11 ай бұрын

Just prompt chat gpt to make a bot that can get you 2% a day, obviously! You're just not diligent enough, and need to show up.

@natevanek2785

11 ай бұрын

Yeah, the "softwares" part put me off immediately. It's like saying "vinyls."

I love how the guy just lists his stock picks. And Richard googles them. And it's terrible. And it looks like the graph of a scam. And Richard doesn't say a word. Because there is nothing else to say.

@greggsplaylist

11 ай бұрын

The second looked like a crypto rug pull, lost a ton of value in a day.

@jhonny6382

11 ай бұрын

it looks like the old pump and dump, is a penny stock is not that hard to move the price, he said it has a telegram group where he says the people what they should buy, and later he makes it public, and we all know what happen next

@midnightflare9879

11 ай бұрын

@@jhonny6382 Well, penny stocks did pump and dump before it was cool, so I wouldn't be surprised

@JeredtheShy

11 ай бұрын

Like Jhonny said, that guy was straight up pump-and-dumping, with penny stocks, which is illegal. A lot of these crooks got used to the lawlessness of crypto and forgot that they aren't allowed to do that crap outside of crypto. Hopefully he fucks around and finds out.

@Custo911

11 ай бұрын

Shorting these pumped stocks seems like a great investment. Perhaps that's what they meant? :)

399,999.99 = Failure 400,000.00 = Getting by 401,000.01 = Success Save those pennies people!

@FobosLee

5 ай бұрын

Years ago I really thought that 401(k) is about getting those 401k usd...

I've been so foolish, I should be trying to get 10x returns everytime! How much money have I wasted not doing that.

@rossmacintosh5652

11 ай бұрын

Right! You only need to 10x three times.

@soogasooga

11 ай бұрын

haha what is this, amateur hour? only casuals find 3 10x stocks. the real pros find 3 11x stocks.

@claudius3980

11 ай бұрын

Tiktok helped me make my first trillion. Thank you Grant Cardone for the mindset.

@MrBlight

11 ай бұрын

Why make trillions when we could make... billions?! 😁

@Crf-nr9jy

11 ай бұрын

“That was so much easier than putting, I’ll just try and get the ball in the hole on one shot every time!”

As my snobby grandmother used to say, "You can spot the nouveau riche from the prétendre riche because the last thing legitimate new money wants is for you to find the secret of exactly how they got it. No one sells tickets to a real golden goose."

@silkroad1201

5 ай бұрын

If I got rich I'd tell people exactly how I did it. One, I'll still be rich, and two, 99% of people won't be able to do it anyway

@Magic_beans_

5 ай бұрын

Or they’ll rent the goose out, so to speak: start an investment fund and charge clients a percentage. Hedge funds often have a provision where they get a share of any excess returns. Of course the gurus always have a reason why they don’t do this, some vague appeal to democracy and helping the working folks, or conversely an attack on the ruling caste: “Wall Street’s trying to suppress this information, so be a brave rebel and give me $500.”

@itsgonnabeanaurfromme

4 ай бұрын

​@@silkroad1201you say that but i doubt it. Everyone else getting rich drives down the value of your money. And you'd still be focused getting richer. Don't pretend you're not human.

Just imagine if 400k guy used 2% a day girl's stategy. What a force of nature those two would be together!!

@Tomwithnonumbers

11 ай бұрын

Imagine if 2% a day girl listened to 10x guy and just 10x that 400k guys trades every day. They'd make $4 trillion in a week.

@eduardobranco8349

11 ай бұрын

@@Tomwithnonumbers the possibilities are endless...

@SnowmanTF2

11 ай бұрын

@@Tomwithnonumbers the 10x is already under investigation for fraud, and that is on the part of business before he recommends people to join Scientology

@Baller7797

11 ай бұрын

Then just imagine they use their trillions to hit on a few penny stock runners, and they can buy the whole world

@knivess3

11 ай бұрын

@@Baller7797 “what did it cost” “Everything”

Penny stock guy was 100% running a pump & dump

@iluvpandas2755

11 ай бұрын

yep

@samboujaiteh3331

10 ай бұрын

At least two of them.

@seliteguitarist3664

8 ай бұрын

There's a reason he put NASDAQ into the name. I imagine a lot of people thought it would be similar to an ETF, bought in and got dumped on. Sad really.

@bigdreams5554

6 ай бұрын

Boiler Room should be required viewing. A movie about pump and dumps with Vin Diesel

"Don't ever be embarassed by how much money you make" .. The sincerity with which you said that tells me that you are genuine and want to impart good financial advice and habits. Kudos to you and your mission. I will definitely continue to be a subscriber. :)

@jhutt8002

5 ай бұрын

I find it sad he still had to explain it. It's so ingrained in the psyche on modern (american?) worldview that even smart, really thoughtful people like him has to reason it. Truth is it really doesn't matter how much one makes, if (s)he can afford good living it's enough. The actual amount is meaningless.

@silkroad1201

5 ай бұрын

I'm still so embarrassed that I haven't bought my first private jet hangar yet 😢 Seriously, I don't own a single building in New York and my private golf course only has 9 holes! This 400k a year is killing me! I can barely survive

"Don't ever be embarrassed about how much money you make." I love it.

A portion of my brain has an instant aneurism upon witnessing even just the delivery style of these tictok videos. You cant imitate your way to riches.

@tjakkobosma5872

11 ай бұрын

Well the maffia did

@rakino4418

11 ай бұрын

These people scam their viewers and the scam itself is profitable. They sell useless seminars, ebooks, private communication services etc

@toastedbread5985

11 ай бұрын

> username is The Most Sentient Bot Damn even the bots have brains now? 😂

@Elemblue2

11 ай бұрын

@@toastedbread5985 I dont know what you mean. I am totally human. Haha, being human. Am I right guys? ... yes its under development

@dimagrudin9022

11 ай бұрын

You can imitate your way to riches, you just have to trade in your dignity and self-respect to do it 😂

People angry that other people can't or won't take extreme personal risk to pump up their own investments are suspect at best.

@tomlxyz

11 ай бұрын

They can be fake gurus but also gambler type people like wsb

@Shreendg

11 ай бұрын

​@@tomlxyz and they don't make that much money in the first place.

@psychickumquat

11 ай бұрын

Or they're so filthy rich from mom and dad's money that the idea of losing 100K in a stupid crypto investment doesn't seem like a big deal.

@MurCurieux

11 ай бұрын

Agreed!

@6shot9

11 ай бұрын

Right, worry about your own pockets

"All you need is 3x your money! Those happen all the time!" And all it takes to whipe you out is one of them crashing before it goes up. Pro tip: if your strategy has 1 point of failure, its an insanely risky strategy

@jonathanj8303

11 ай бұрын

I love the fact that that dude had his mind blown by the basic rules of multiplication, which I can only assume were new to him.

@prod.german

11 ай бұрын

@@jonathanj8303 maths is hard

@evenfate5906

11 ай бұрын

Bro just go to a casino. Basically same outcomes but you have more fun

@jonathanj8303

11 ай бұрын

@@prod.german Apparently so.

These people are targeting young people whose plan is get educated and get a job. The girl said you're not disciplined enough. Abandoning your current educational and financial plan in exchange for her hands in your pockets scheme is also not being disciplined. While being a cog in the economic machine isn't for everyone, there is no shame in it. A full stomach and your needs being met are dignifying and things to be grateful for. Edit: always appreciate your videos.

Thank you Mr. Bagel, but your advice is for people interested in earning money and I'm more interested in losing it 💎🤲

@ThePlainBagel

11 ай бұрын

Oh my bad, carry on

@steamedbryce

11 ай бұрын

Buy high, sell low

@fei287

11 ай бұрын

@@steamedbryce Easier said than done, buying the surge only works 50% of the time

@AanchitVimalkumarNayak

11 ай бұрын

@@steamedbryce ** Butt high, sell low. I'm gay.

@0rbeez

10 ай бұрын

I’ve found that the easiest way to lose all your money is to become heavily addicted cocaine and alcohol

A friendly tip that code generated by ChatGPT must be closely scrutinized because while it often looks correct, it does not always run as intended :), I certainly wouldn't trust it to automate my financial decisions lol

@userunknown7675

11 ай бұрын

Yup, a lawyer in NY used it to write a legal brief. ChatGPT wrote pseudo legalese citing non exsisting case law.

@jaeb4743

11 ай бұрын

As an Analyst in Silicon Valley I don’t foresee this being a norm… hopefully. There’s so much to coding than scripting. It’s understanding what it does, the uses cases, etc. and god forbid the script is bad and that person has no clue how to debug it lmao

@supern0vae

10 ай бұрын

That code was 99% comments... it only seems to actually have one condition it acts on, and that's just a standard regression.

@Tony-mw-533

6 ай бұрын

Sad part is they can't even debug the code😂😂

@martabanasiewicz6353

6 ай бұрын

Your right. Chatgdp maje mustajes in excel formulas and calculations. Just because it look like a code it dienst mean it will work right

I find it funny that a good portion of "advice" boils down to "buy low, sell high" like the rest is obvious

@akbar8427

4 ай бұрын

Because that’s what you have to do. The hard part is learning how the market moves and how the cycles work. But yeah… that’s not advice since it doesn’t really give you anything. You have to study and learn a lot of stuff in order to be able to do that. That’s like saying “well if you’re homeless, just buy a house” And it’s actually something that I’ve heard someone say😂😂

Man it gets so infuriating how much misinformation is out there about markets and investing. Thank you for shedding some light on how ridiculous tik tok finance really has become

@vertvlogs675

11 ай бұрын

It sucks because the people that genuinely need good advice the most (low income w/ long work hours and limited free time) are even less likely to find it when you have all of this horrible information being posted and shared.

@vindex7309

11 ай бұрын

Markets, investing, politics, science… if there’s a profit to be gained by besmirching the truth you know someone out there’s doing it.

@626resell

11 ай бұрын

not just investing, but misinformation on social media goes for every sector. I personally don't trust anything I read or watch on tiktok.

@sh7de553

11 ай бұрын

​@@vertvlogs675 There are plenty of investor education material and some general advice available. Sadly, nobody wants to hear that managing money, whether your own or as a profession, is a skill. It takes time to learn and less entertaining than these tiktoks but you'll get the hang of it (or the basics at least) if you keep at it.

@Z__K217

11 ай бұрын

I so agree. Keep up your thirst for reliable, educated information.

You have to realise that the TikTok target audience is Lloyd and Harry from Dumb and Dumber so by saying 1 in 125k chance they hear "there's a chance". Thank God this is the only time I have been put through TikTok influencing !!

@kitabshah193

11 ай бұрын

So you're telling me there's a chance?!

@ahumanmerelybeing

11 ай бұрын

Petey didn't even have a head!

This came exactly at my lunch break, thank you for that

@putinski666

11 ай бұрын

You're not grinding hard enough if you take time for lunch breaks. Get that grindset on man.

@HighTide_808

11 ай бұрын

@@putinski666 oh shut up

I love watching the moment Richard's brain concludes "this is so wrong." You see a blink and then his eyes drift to one side for just a moment. I live for those moments!

Grant saying "I can't live off 400k" says more about him than it says about people who don't make that.

Appreciate that final comment, its something that I think a lot of people need to hear. People are defined by who they are not their monthly earnings or salary.

Also Chat GPT is not a knowledge tool nor proper AI. It is Language Prediction model. Yes it can 'code' based on language it learned on the internet. With all the flaws and risks with that involved.

@tymondabrowski12

11 ай бұрын

I've heard it's really funny to ask it about advanced physics.

@fitybux4664

11 ай бұрын

I don't think he was trying to shoot down ChatGPT. He was trying to shoot down the single shot, "I just asked it for the best trading strategy and it made it! 😲" kind of BS. Obviously, there is a lot of code that could be written to do a lot of wonderful things, with ChatGPT. But it's a try/fail/try/fail/try/fail effort.

@Thetarget1

11 ай бұрын

@@tymondabrowski12 It´s suprisingly decent at advanced physics, but seems to make more mistakes in simple physics when I´ve tested it.

as someone who doesn't make 400k a year, I approve of this message.

@MegaAnzora

11 ай бұрын

I don't think I have made 400k period

@glensmith491

11 ай бұрын

You are not a real man...of course, I guess that applies to me as well😢

@rhs5683

11 ай бұрын

as someone with an monthly equvalent of over 400k per month, I can approve this message.

I love your serious videos, but fun ones like this are great too!

I'm usually surprised by your ability to analyze absolute nonsense so calmly but it's just on another level with these tiktoks

one of the biggest challenges with Quantitative models is that they are "situational". Once the situation that they were taking advantage of passes then they slowly become ineffective in their ability to predict market behavior and thus price direction. And the guy who used Pine Script just showed a back test, not actual results lol

Richard was far too generous about 10X returns with crypto. Not only does the investor have to choose 3 investments that return 10X, they must invest 100% of their assets into EACH investment. I've been in the markets since 1998 and have been fortunate enough to have multiple 10X (and larger) returns over the years, but the idea of throwing every cent I have after each investment is overwhelmingly nauseating. Investing is NOT gambling. Risk management is ALWAYS priority #1. FANTASTIC video! 😀👍

@userunknown7675

11 ай бұрын

And unlike with regular investing (where you can do your research first) you have to invest so early that you have no way to predict if a specific shitcoin will get rug pulled/pumped and dumped.

@Driving4bangers

11 ай бұрын

Also…. Liquidity…yes these crypto coins 10x all the time. But only $50,000 trading volume.

Thanks Richard for your outlook and empathy towards others. People are more than their salary, and it's great to hear this coming from someone in the finance space, which I believe often is filled with people who are biased think poor people are just lazy. You're a good cookie.

@6shot9

11 ай бұрын

Good people are worth more than their salary, assholes are their salary

I could watch you do these all day.

'well at least he has his confidence' that was priceless

Thank you PB. Love the grounded and calm talk with only slight memeage.

I really like your videos and this time i exceptionally liked your outro where you said "never be ashamed of the amount of money you make.". You had a face of sincerity and this is a great message. I definitely am behind my peers in this area, but i often just go back to basics and realize things could be so much worse. Trying to just improve yourself is enough of a measuring stick vs looking at everyone elses success, the envy will drive you mad. Just focus on leveling up what you can do, the rest is noise

Love this series! Thank you for part 5!

Truly informative and useful, I will now proceed to go home and simply grow my portfolio 2% per day instead of what I was doing before

These kids' heads will blow when they discover casinos

I just love these videos! Normally I’m no fan of reaction style videos and often find them boring and would rather watch the original video with no annoying commentary. However your reaction to these TikToks are absolutely hilarious and educational at the same time. Keep em coming!

“If you fail it’s because you weren’t disciplined enough.” The girl is literally telling people to nuke their accounts and HODL 😂😂😂

Love your channel, very grounded and sound advice. My family are chinese americans. When my parents came here , they were poor graduaate students who made $25/month back in China. But with dedicated and diligent investments, mostly in broad indexes and some real estate, they built up several millions over 25 years. I suffered along, but watch and learn from my dad, and now I'm able to expand upoon their success. There is no realistic easy way to riches, but there are lots of high probability to success roads that are long and often tough. But it's the journey that also instill the self decipline that one would need to keep thaf wealth.

I LOVE IT WHEN YOU SIDE EYE THE CAMERA AS YOU LOOK UP THE STOCK SDŞLFKSŞDFK

Thanks for the input, Agent Bagel! Seriously, though, I always find myself checking your viewpoint on topics last to help make sense of complicated issues. Thank you for that.

At 9:30 LITERALLY, the funniest 35 seconds EVER on financial youtube 🤣🤣🤣

Never get sick or bored of this type of content. Fav Channel ever. (ultra small caliber german investor)

Amazing video as always, love this series

I really like how you are very objective when evaluating those TikTok stuff. I mean, you aren't just disregarding everything they say and considered everything useless. But instead pick out the bad ideas from stuff that actually make sense. So yeah, as a result, it feels very educative. And less just for boosting viewer's ego by dismissing bad advice. For example, comparing stocks with dividends, and explaining the concept behind algo trading (low margin, low durability, constantly work on new algos) feels really helpful!

Love this! Waiting for part 6,7, 8, 9 and 10.

Richard, from a licensed associate to another. Thank you for your content. Its awesome

GD I love your approach. Thank you for continuing to keep me grounded!

I could watch a lot of that kind of videos from you! Thank you that you are on youtube!

richard I must say that your comedic timing in this video is absolutely astounding, had me loling everytime!😂

10x returns equals one hell of a tax bill

@zyrohnmng

11 ай бұрын

If you're making 10x returns, the tax bill isn't even a problem.

@tylerpeterson4726

11 ай бұрын

I would accept 8x after tax returns, but I'm a modest man who doesn't need much to be happy.

@fitybux4664

11 ай бұрын

If you had a mythical repeatable 10X strategy, you could do it in a retirement account, even if you don't have a single penny in there. 😀

@seliteguitarist3664

8 ай бұрын

To be fair, I don't think anyone turning 1k into 1,000,000 would care lmfao

Great stuff. Always love seeing your reaction.

Great video! Please keep making these, as it is an entertaining way to inform young people about the types of red flags to look out for in order to spot scams in the wild.

In all seriousness, that was really good advice to hear, especially from someone like you, Richard. I am not in a place where I want to be financially at my age, so it's really reassuring to hear that validation. I hope we all get to a point where we can provide for our families and communities enough to be comfortable. This life is short, and you can't take money with you.

I'm embarrassed too because I don't make $400 thousand a year. I need those fake guru courses please.

Final PSA about not feeling bad about your income was nice to see, very succinct way of wording it. Well done as always

These are great! Love your content!

I started with $1,000 10 years ago and with a 2% daily return I've managed to accumulate over $500 billion thanks to these Tik Toks

@TR0LLREIGN

8 ай бұрын

I did the same but with the right math, so I now have about 47 billion times the global GDP.

@pocok5000

7 ай бұрын

@@TR0LLREIGN I think youtube crowd doesn't deserve you

The reason I like dividends is that I feel the point of owning a company is to get paid by it without sacrificing ownership.

@theWebWizrd

11 ай бұрын

Agreed! It feels very much like you truly own part of a productive business, much more than just owing shares that fluctuate with the market.

@itsacorporatething

10 ай бұрын

I don’t really conceptually get the point of “owning” a part of a company if it never actually pays me. I still invest in index funds that include stocks that don’t pay dividends but I still don’t “get” it.

@theWebWizrd

10 ай бұрын

@@itsacorporatething Conceptually, you have a claim to a percentage of their value if they are to be liquidated or sold, and a claim to a percentage of their potential future distribution of wealth to owners. More concretely, if the company has one million dollars on a bank account and you own 1% of the company, then conceptually you own among other things 10,000 dollars of that 1 million. However, I agree things can get more complicated for example when you add that the company might not get sold or liquidated or distribute wealth to owners for the next 10 or 20 years. So you can argue that a share in such a company is in some sense worthless, because no money will actually come out of it and back to you. The only reason why it is worth anything is that other people is willing to pay you for the share, which is pure speculation and 'greater fool'-gambling :)

@GusG_

5 ай бұрын

If you get 10$ of dividend, your company devalues in the same proportion (your share is worth 10$ less). Dividends are irrelevant. AND you pay tax on that

Please keep making these videos! Aside from being hilarious, they do a good job of exposing scammers trying to take desperate people's money

Even professional ER people are just making informed guesses, and those guys grinded their ass off (or nepotism'd in) to their position, there's ultimately no way to predict the buying and selling behaviors of the entire market.

@rockfire1669

11 ай бұрын

It is a gambling market and everyone uses confirmation biased

I like watching him try to process such advanced stupidity, no anger, just confusion

Love your content, very nice, highly intelligent information thank you

Another gem! Thanks for bringing sound responses to these claims.

Just so it's said, the reason you should under no circumstances trust ChatGPT with any kind of trading is because it's an AI for talking. It talks well. That's nice, that's impressive, but that's the one thing it does exceptionally well. It's guessing at trading strategies or just copying one it was trained on. It's currently stuck in 2021 so it's most recent data says we're in a low interest, low inflation bull market. Large Language Models will bullshit you with unimaginable confidence about things that are easy to disprove. The more open to interpretation an answer is, the more likely you are to get royally screwed

Mad respect to our man Richard his TikTok for you page must be complete and utter dog shit at this point

It’s that dry delivery that keeps me coming back😂. Your the best bagel!!

Great vid. Thanks for taking the time.

Me watching this: Furiously moves all my money into S&P Index Funds.

Way to save the most ridiculous TikTok for last. You’re a failure for not making $400,000 a year? He doesn’t know how you can live on $35,000 a month? I don’t get how people can even say stuff like that with a straight face.

@tuomasronnberg5244

11 ай бұрын

I mean, he doesn't need to believe any of that. He just wants to make you feel insecure so that you'll buy whatever scheme he's shilling.

@BuisnessBacca007

11 ай бұрын

Making 35k a *year* would be me more than doubling my income. I can't imagine what it would be like to make that in a month

@patrickroers752

11 ай бұрын

Well when that's all mommy and daddy left for you in the trust. And your mean trustee will only let you have that 35k a month. I would be mad too.

This video is so wholesome

Thank you. In a sea of anxiety inducing bulls**t, this kind of video is a huge relief and extremely satisfying to hear. A breath of fresh air. Thanks again.

9:22 This entire TikTok and Richard's reaction had me absolutely DYING! SO FUNNY!!

Thank you for making more of this

one of the best series on youtube for real

You were under the impression that that trading bot was based on AI, but it was regular script written by AI. The bot itself was quite unsophisticated

7:00 "All you need is three 10x trades" LMAO

@kyo250996

11 ай бұрын

ez bro 10x10x10 = 1000% return XD, just create a coin and die trying scamming people with it

@uFFFO

11 ай бұрын

One 10x is 1000%. Triple 10x is 100 000%.

@sunset6958

11 ай бұрын

Scamming is more profitable than gambling

Part 5! Yeeess!! Thank you.

16:10 came here for lols and ended up getting the most wholesome sentiment ever, thanks richard!

10x my investment? Why didn't I think of that

2% A DAY? I would be happy with 2% A MONTH. I got a bank paying me 1.8% A YEAR as I'm watching interest rates go thru the roof.

@sullychow4123

11 ай бұрын

Interest rates are high right now. You should be able to get better return, should look at other banks savings accounts.

I almost choked on my dinner around 14:00 Richard " no you don't". Please please please do another video especially a funny one with Patrick Boyle!

Great content as always!

So many of my friends have gotten into these and when I try to explain the reality of it I become a small minded hater who will stay broke.

@devinward461

11 ай бұрын

There are some people who you can't say anything to except, eventually, "I told you so"

@seliteguitarist3664

8 ай бұрын

They will end up on WSB with loss p0 rn soon. People like those are the same morons that will buy these gurus "courses" or buy into their pump and dumps and end up broke.

I appreciate your nod to salary not equaling happiness as well as the Plain Bagel breakdown of the FOMO hype others profit from spreading. (see what I did there?)

Loved the blunt responses. Make another one.

It just occurs to me that the salary of the US president is $400,000 a year. Fortunately, getting free room, board , and travel expense helps stretch out those $35,000 a month paychecks.

As a Financial Economist I'm always surprised at the level of financial ignorance out there, even among learned professionals like doctors, lawyers, teachers, it is shocking to see people not understanding how simple concepts like compounding, leverage, margin, shares work 😅never underestimate a business degree, if you have it you are a gem in this new financial world

@6shot9

11 ай бұрын

@@weird-guyweird..

I thought I was doing alright in life. Not amazing, but heading in the right direction. But now I know that I'm an abject failure for not making $400,000 a year.

@LilDre15

11 ай бұрын

A million a year is average you don’t want to be below average do you? lol

1:17 Your excitement permeates the room!

Thank you plain bagel. like always, enjoyed the video.

I have actually created a bot with chat gpt via python, but its not how KZread channels make it look like, you gotta specify all the necessary parameters and it'll provide a code (you manually have to resolve the errors from it tho), but the code bot will be completely based on your strategy, the AI is not gonna make yourself any money by itself.

I love these Tik Tok reactions. There are far too many gurus out there. If someone has a really successful trading strategy, they're not going to be announcing it to everyone. A big part of that reason is that if someone has a great trading strategy, it becomes less effective as more people follow the same strategy up until it disappears all together. Beyond that, there are a lot of people that get lucky who then think they have an inside view of the "stock game," and so after making money with a trading strategy then decide to mortgage their house and risk their entire life savings only to find out that most successful trading strategies tend to be fairly short-lived. Someone who can consistently beat the market over decades of time is going to make the most money not by selling books and courses but by opening their own wealth management firm and picking up customers. Otherwise, investing is not necessarily meant to be exciting. Good investments with good wealth managers largely should be running in the background and growing over time. No one wants to hear it, but the best strategy is to live on less than what you make (the bigger that gap, the better), and invest more of your income every month (after making sure your high-interest debts are paid off and you have a really good emergency savings built). It's boring for the first few years, then after awhile, it's cool to see how much more it grows and what you have invested. Everyone else pushing these schemes is really just trying to sell a course.

@acham182

11 ай бұрын

You are the fabled needle in the haystack my friend, hats off

Bonjour du Québec! Toujours très bon et bien expliqué.

Man i could eat this up with a new episode every day

Whenever someone is offering to sell the secret to generating wealth, ask yourself this: “If he is so successful, why does he need _my_ money?”