What To Do With Finfluencers?

CFA Report: rpc.cfainstitute.org/-/media/...
Chapters:
00:00 - Introduction
02:26 - It's Not All Bad
04:55 - The Problem With Finfluencers
05:53 - Risk 1
09:43 - Risk 2 & 3
13:12 - Risk 4
14:46 - Risk 5
16:07 - Why This Matters
18:49 - What To Do?
23:56 - Conclusion
Mentioned Channels:
- ‪@TwoCentsPBS‬
- ‪@AswathDamodaranonValuation‬
- ‪@MoneyGuyShow‬
Canada Database for Advisors:
- Registration Status: info.securities-administrator...
- Disclosures: www.ciro.ca/advisor-report-se...
US Database for Advisors:
- Registration and Disclosures: brokercheck.finra.org/
Canadian Courses/Resources (mostly applicable outside of Canada as well, but some details are country-specific):
- www.mcgillpersonalfinance.com/
- www.desjardins.com/ca/co-opme...
- www.wealthsimple.com/en-ca/le...
US Courses/Resources (I unfortunately am not as familiar with US resources, but here are a couple):
- investor.vanguard.com/investo...
- www.wonderprofessor.com/123s2...
My own qualifications:
- Chartered Financial Analyst (CFA) designation
- Certified Financial Planner (CFP) designation
- Bachelors of Finance degree
- 9 years experience working in finance
- Registered as a portfolio manager under the Ontario Securities Commission in Canada.
Credits:
- This video contains songs composed by @Kevin MacLeod
- Several clips were grabbed from X account TikTokInvestors
DISCLAIMER: I do not hold positions in any of the stocks/crypto mentioned in this video.
This channel is for education purposes only and does not constitute financial advice - Richard is not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance (while Richard is a registered portfolio manager at WDS Investment Management, he does not provide advice through The Plain Bagel, which is not affiliated with his employer).

Пікірлер: 1 100

  • @aL3891_
    @aL3891_2 ай бұрын

    Rich renting a cheaper car than his real one to not make us feel bad is such a class act

  • @mikes-wv3em

    @mikes-wv3em

    2 ай бұрын

    hes so based

  • @NiceTryLaoChe

    @NiceTryLaoChe

    2 ай бұрын

    No amount of money can make an Ottawa suburb in March look glamorous, though.

  • @Martin-jm8wi

    @Martin-jm8wi

    2 ай бұрын

    So does he own the whole of Ottawa or just the suburbs?

  • @tigreytigrey8537

    @tigreytigrey8537

    2 ай бұрын

    ​@Martin-jm8wi or does he rent the whole of Ottawa and own the suburbs?

  • @neuvocastezero1838

    @neuvocastezero1838

    2 ай бұрын

    Yeah, everyone knows his neighbors are always complaining about him revving his Lambo late at night.

  • @mz2433
    @mz24332 ай бұрын

    My way of filtering bad finfluencers is blocking those with mouth wide open silly expression thumbnails and it's super effective!

  • @TheFireGiver

    @TheFireGiver

    2 ай бұрын

    Caleb Hammer does clickbait thumbnails and he is fine

  • @mz2433

    @mz2433

    2 ай бұрын

    99bitcoin channel was once a rare crypto channel not doing this but look at it now when Nate Martin is gone.. I have unsub that channel after seeing those stupid thumbnails by the new content poster

  • @OptimizedPortfolio

    @OptimizedPortfolio

    2 ай бұрын

    Oops. Admittedly I feel conflicted and embarrassed and hate myself for doing it for some videos, but I liked Darin Soat's (How Money Works) nuanced take on this on episode 276 of the Rational Reminder podcast. He basically said we have to play their game to an extent with arguably clickbait-y titles and thumbnails to get people in the door so that we can then give them the good, useful information, and to at least attempt to fight back a tiny bit against all the misinformation out there. Otherwise that person may never discover the former, and the latter sadly vastly outweighs the former. Ben Felix himself of the Rational Reminder podcast has said he's been experimenting with this some as well, and obviously gets some pushback from long time subscribers, but thinks the ends likely justify the means. I think I agree. The sad reality is that playing to the potential viewer's psychology is what gets them to click, and I don't see that changing anytime soon.

  • @blazeendo3282

    @blazeendo3282

    2 ай бұрын

    Jeff Snider is definitely one of them

  • @HighTide_808

    @HighTide_808

    2 ай бұрын

    @@OptimizedPortfolionice self promo

  • @scottd7761
    @scottd77612 ай бұрын

    The Plain Bagel is not financial advice, while simultaneously being the best kind of financial advice.

  • @Mathhead2000

    @Mathhead2000

    2 ай бұрын

    Because it's financial education.

  • @Jose04537

    @Jose04537

    2 ай бұрын

    It's financial LITERACY. Only your PERSONAL advicer with a FIDUCIARY duty can give you financial advice.

  • @kylexrex

    @kylexrex

    2 ай бұрын

    Plottwist: He's reverse clickbaiting us!

  • @Mathhead2000

    @Mathhead2000

    2 ай бұрын

    Sh*t, time right. There isn't a single bagel in this video.

  • @tfae

    @tfae

    2 ай бұрын

    Yeah, he's not telling you to do anything, just sharing knowlege

  • @blockbam1760
    @blockbam17602 ай бұрын

    I work in finance and can say, I truly appreciate and admire the content of The Plain Bagel. Never change Rich, your content is something even us in the industry learn from👍🏼

  • @evanwheeler7687

    @evanwheeler7687

    2 ай бұрын

    Check out The Rational Reminder podcast and Ben Felix's KZread channel if you like high quality personal finance content. It's similar to The Plain Bagel and heavily relies on finance journal publications, but presents the information in an easy-to-digest format. Plus the podcast has some really famous industry professionals and professors as guests.

  • @verjason

    @verjason

    2 ай бұрын

    @@evanwheeler7687 Agreed, Ben's info is great too. Something about Canadian financial information?

  • @evanwheeler7687

    @evanwheeler7687

    2 ай бұрын

    @@verjason Hah, totally possible. Maybe it's something in the maple syrup.

  • @dansplain2393

    @dansplain2393

    2 ай бұрын

    I work in finance too! I get all my awkward smart guy vibes from him

  • @KeremyJato
    @KeremyJato2 ай бұрын

    The bit with the car actually made me laugh out loud. Great video, as always

  • @catherinebaldwin6580

    @catherinebaldwin6580

    2 ай бұрын

    Ya, this was only 250 to rent. It call a marketing budget, and I make more money in a single day.

  • @bdflatlander

    @bdflatlander

    2 ай бұрын

    Yes, that was a good,one. Nice car, too!

  • @HighTide_808

    @HighTide_808

    2 ай бұрын

    @@catherinebaldwin6580huh?

  • @GunnGuardian

    @GunnGuardian

    2 ай бұрын

    I did too, as soon as he walked out of it, I knew I was about to find out how cheap it is to rent a Lamborghini

  • @AlexanderTheGoodEnough

    @AlexanderTheGoodEnough

    2 ай бұрын

    I laughed out loud when he popped out. It was totally worth the 250 he spent to do it.

  • @NaijaOracle
    @NaijaOracle2 ай бұрын

    I've been following you for years. Seeing your sports car today has shown me you're the REAL DEAL.

  • @megaprimegamer1184

    @megaprimegamer1184

    2 ай бұрын

    That’s not his 😂 he says it’s rented. Hes far too smart to waste his money on a liability like that.

  • @AliAhmed-ez2zy

    @AliAhmed-ez2zy

    2 ай бұрын

    ​@@megaprimegamer1184 r/woooosh

  • @bot6349

    @bot6349

    2 ай бұрын

    ​@@megaprimegamer1184 it's a joke lol

  • @trax72

    @trax72

    2 ай бұрын

    FINALLY I can take him seriously!

  • @gareonconley1956

    @gareonconley1956

    2 ай бұрын

    he rented a cheap alternative so we don't feel to bad about the Koenigsegg or whatever is in his Garage ^^

  • @sethkramer3834
    @sethkramer38342 ай бұрын

    Kudos to Trey for his self effacing candor.

  • @bdflatlander

    @bdflatlander

    2 ай бұрын

    Honesty is the best policy and kudos to Trey for being transparent and admitting where he was not forthright in his online content.

  • @ethandenson7182

    @ethandenson7182

    2 ай бұрын

    Was going to say the same thing. That’s so hard to do, big ups to the guy. Hope he’s alright

  • @johnblomberg389

    @johnblomberg389

    2 ай бұрын

    I mean yeah.. but still he cashed out at the top and made a lot of money while leaving his supporters holding the bag all the way down. He has directly contributed to financial ruin related suicides for sure.. I don't think I could live with that but kudos to the guy for just shrugging it off and keep living the life with his money I guess?

  • @aaroneldreth

    @aaroneldreth

    2 ай бұрын

    @@johnblomberg389and to add to that, was a useful idiot to Adam Aron and AMC insiders- diluting AMC into the dirt. To add a cherry on top, Trey took in hundreds of thousands of dollars in superchats. He should be indicted.

  • @seneca983

    @seneca983

    2 ай бұрын

    @@johnblomberg389 "but still he cashed out at the top and made a lot of money" But at the end of the video there's a statement by him saying that he's in financial hardship as well. He might still deserve anger or maybe even prosecution but it still seems incorrect to claim that he's well off at the expense of he's viewers; it seems he isn't well off unless he's lying.

  • @TheMassfoot
    @TheMassfoot2 ай бұрын

    Am I wrong or Bagel is slowly getting ripped. Good job on the videos. Always refreshing to hear your non biased thoughts.

  • @leviathan7477

    @leviathan7477

    2 ай бұрын

    Was looking for the comment 😂

  • @EMan-cu5zo

    @EMan-cu5zo

    2 ай бұрын

    I was about to comment the same thing. He is looking 💪

  • @tomlxyz

    @tomlxyz

    2 ай бұрын

    Maybe it's in preparation to fight financial misinformation with a more "hands on" approach

  • @kage-fm

    @kage-fm

    2 ай бұрын

    it’s from wrestling with these heavy topics

  • @chancevicary1805

    @chancevicary1805

    2 ай бұрын

    Hes always seemed kind of big

  • @yousuff1
    @yousuff12 ай бұрын

    Here's a list of things which boost these influencers profiles through algorithms: Letting the video loop (increases engagement) Reading, liking or writing comments telling them they are financial idiots Tapping on their profile/videos through any explore pages If you come across one of their videos, quickly open the options menu and select "don't recommend this channel / not interested / or any other option with similar phrasing" Don't engage with them, it only helps them. As for their followers, well they will just have to learn the hard way.

  • @squorsh

    @squorsh

    2 ай бұрын

    Also if possible report the video as spam. Sadly sometimes KZread doesn't give the option to report videos, at least for me

  • @mm-rl4sd
    @mm-rl4sd2 ай бұрын

    Came for the advice, stayed for the gun show! Richard’s been lifting the weights! 💪

  • @josephniblock6093
    @josephniblock60932 ай бұрын

    I’m in graduate school working towards the CFP. Out of the dozens of KZreadrs I watch I would say an easy rule of thumb is if they have their CFA they’re more likely than not higher quality. Channels like this one and Ben Felix are two of my favorites. Also the Rational Reminder Podcast if you want to get super deep on certain topics.

  • @evanwheeler7687

    @evanwheeler7687

    2 ай бұрын

    I love love love RR and Ben Felix. They've been hugely influential in my investing journey.

  • @Chessmapling

    @Chessmapling

    2 ай бұрын

    Probably a couple reasons for that. 1) If they have a CFA they're more likely to be working in the finance industry, so they have both domain-specific knowledge and an understanding of how to speak about finance. 2) The CFAI has its own code of ethics and violating that code (by pushing scams or taking any action that's a conflict of interest) can result in the loss of your CFA charter, something that takes roughly 1000 hours of studying to obtain.

  • @maxpower4909
    @maxpower49092 ай бұрын

    Extremely well reflected, high quality content. Instead of just commenting I thought you deserve one of my monthly KZread premium rates. All the best from Germany Thank you!

  • @solominded
    @solominded2 ай бұрын

    Frecking awesome we get Richard to guide us through a CFA report, not many people would be willing to do that for the internet.

  • @jb_makesgames2264
    @jb_makesgames22642 ай бұрын

    Great Video - as a retired banker I estimate that 95% of KZread finance channels are crap and the presenters haven't got a clue of what they are talking about. I tell my kids there are channels for entertainment and channels for education and ways to distinguish which touch on many of your points. Sadly the entertaining channels are more interesting to watch.

  • @catriona_drummond

    @catriona_drummond

    2 ай бұрын

    Same. What annoys me especially is all of this talk of "investing". None of this stuff has to do anything with investing, it's speculating, heck downright gambling. This whole social media scene is chasing people into stockpicking who don't have enough cash reserves to have their car fixed without maxing their credit card.

  • @catherinebaldwin6580

    @catherinebaldwin6580

    2 ай бұрын

    I don’t understand how it more entertaining… They have awful fortnite humor and sound like they high. Plain Bagel completely dry almost British humor. Mwah.

  • @HighTide_808

    @HighTide_808

    2 ай бұрын

    98%

  • @saadalvi2436

    @saadalvi2436

    2 ай бұрын

    Could you provide some good recommendations on insightful and informative KZread finance channels?

  • @evanwheeler7687

    @evanwheeler7687

    2 ай бұрын

    ​​@@saadalvi2436I'm not the original poster you're asking, but Ben Felix's KZread channel and The Rational Reminder podcast are fantastic. Start with his channel and then move on to the RR pod for deeper dives on the content he presents in his videos. Ben heavily relies on information from finance journal publications and frequently has industry professionals and professors as guests on the podcast.

  • @spbennett88
    @spbennett882 ай бұрын

    The Money Guy Show is underrated, so I'm glad to see them mentioned here. Their financial order of operations (FOO) is on point.

  • @laundrygoddess4

    @laundrygoddess4

    2 ай бұрын

    They are the best for sure. They have realistic rules and they aren't one size fits all with their advice

  • @kes9171

    @kes9171

    2 ай бұрын

    They even have a meme page on Facebook now! (Unofficial)

  • @NotTehJon

    @NotTehJon

    2 ай бұрын

    they're solid. it helps that they're legit professionals and not some 20-something with too much time on their hands and spends way too much time on reddit.

  • @erwina4738

    @erwina4738

    2 ай бұрын

    Nah they suck lol. They responded to me back in 2019 saying to not buy Bitcoin and crypto. Oh boy how wrong they have been about cryptocurrency 😂😂 They are the “GET RICH SLOOOW” types. Have fun retiring at 60 🫡👋

  • @koklead7904
    @koklead79042 ай бұрын

    Sadly those hooked on these influenzas dont watch your channel. Keep it up, my man.

  • @Seige-dg

    @Seige-dg

    2 ай бұрын

    Influenzas 😂

  • @DTFFP

    @DTFFP

    2 ай бұрын

    ofcourse not, they want to get rich quick, buy a mclaren and move to Miami to flex their wealth... That's why the "Gurus" get rich, they take advantage of the naïve people... Back in the days the gurus would take money from people with their "sould healing" and their cults, now the modern day cult is "stock market" long gone are the days from the Amazon FBA, they had to move the new scam to stay relevant.

  • @ZKTheGreat
    @ZKTheGreat2 ай бұрын

    Trey was the reason my family got into amc. Watched all of his videos. Our $203k is down to $2k.

  • @EamonCoyle
    @EamonCoyle2 ай бұрын

    You and Patrick Boyle are more than enough for a global outlook in my opinion. If people base their investment decisions on just what a video says the money wasn't that important to them !!

  • @ydderynnad

    @ydderynnad

    2 ай бұрын

    Ben Felix, too.

  • @jonathanj8303

    @jonathanj8303

    2 ай бұрын

    I really like Patrick Boyle, apart from anything else his videos are some of best made and scripted single perosn presentations on *anything* out there. His financial advice seems to be (a) actually understand what you're getting into, and (b) pointing and laughing from a safe distance is always an option. I was watching a fair amount of Wall Street Millenial, but recently they've covered several areas/stories where I'm already fairly well informed, and the kindest thing I could say is that the research is sloppy and way below par. I hope they're not in a death spiral like real engineering. Or that it was always that bad, but I didn't notice.

  • @theodorehsu5023

    @theodorehsu5023

    2 ай бұрын

    ​@@jonathanj8303Patrick can make what the events are in the world into a video that is enjoyable and relatable.

  • @map1522

    @map1522

    2 ай бұрын

    ​@@jonathanj8303 What happened to Real Engineering?

  • @wallstreetzoomer

    @wallstreetzoomer

    2 ай бұрын

    Not global just NA. Look for people on the other side of the world if you want analysis on emerging markets.

  • @MRKDjarod
    @MRKDjarod2 ай бұрын

    Richard really stepped up the production value in this! Awesome job man this was a great deep dive into finfluencers. Much needed analysis in today’s world.

  • @KathyClysm
    @KathyClysm2 ай бұрын

    I have to compliment you on just how much your editing and on-camera confidence has improved! You've gotten so good at it, and so comfortable talking to the camera, 2021 Bagel probably wouldn't have been brave enough to pull off that car stunt

  • @michalprzylozynski7192
    @michalprzylozynski71922 ай бұрын

    No sugar coating, just a pure plain bagel reality. So glad I found this channel💪

  • @Byak10
    @Byak102 ай бұрын

    The funniest thing about this video is that i got a Finfluencer ad before your video started.

  • @swordpriest1
    @swordpriest12 ай бұрын

    So glad you mentioned The Money Guys.. they are a real breath of fresh air in terms of navigating a rational approach personal finance

  • @cyuzna
    @cyuzna2 ай бұрын

    I’m blown away by the candor of this Trey guy. This kind of honestly and self-awareness is rare these days.

  • @LJLeung

    @LJLeung

    2 ай бұрын

    I feel like these comments are either made by Trey or ppl he paid to make or bots he's using 😂

  • @RJTradess

    @RJTradess

    2 ай бұрын

    @@LJLeungyeah and everyone commenting this all has 1 comment on this channel. Weird

  • @bigdswinger

    @bigdswinger

    2 ай бұрын

    ​@@RJTradess Nah I agree pretty tinfoil hat comment

  • @kuronetwork920

    @kuronetwork920

    26 күн бұрын

    He is military, so you got own your mistakes. I respect that view that he had.

  • @CA11100
    @CA111002 ай бұрын

    Finfluencers got me started in opening a retirement account & investing, however I did start reading actual good sources and finding actual CPAs & CFAs to listen to.

  • @Janny890
    @Janny8902 ай бұрын

    It’s funny how I got an obvious financial scam as an ad before this video.

  • @libertarian4323

    @libertarian4323

    2 ай бұрын

    Grant Cardone? Kiyosaki? Crypto 'Bro?

  • @6SpeedsGood
    @6SpeedsGood2 ай бұрын

    Good shout-out to The Money Guy show for the reputable Finfluencers. Followed them for a year or so and as it was past time we needed a FA, we began working with their firm last year, and very happy we did!

  • @d.c.washington
    @d.c.washington2 ай бұрын

    You are a wonderful FOMO antidote. Enjoy your videos very much.

  • @cardinalfeathers
    @cardinalfeathers2 ай бұрын

    Seeing Richard pull up in a super car is the high water mark of what I love about responsible finance content

  • @WhiteBoardFinance
    @WhiteBoardFinance2 ай бұрын

    If having a finance degree or financial certification was required to make finance content on KZread, there would be 90% fewer influencers in the space.

  • @ThePlainBagel

    @ThePlainBagel

    2 ай бұрын

    True haha, although I don't think that's required to post good finance content online. Again, finance is something we all deal with - I think people can share really valuable insights without being a professional or having formal education. At the end of the day it really just comes down to whether someone is responsible with what they post, and if they recognize the limits of their own expertise.

  • @TheFireGiver

    @TheFireGiver

    2 ай бұрын

    Do you think it's ever feasible that those sort of regulations could be put in place? It seems weird that we allow otherwise. I suppose it's hard to differentiate advice from free speech.

  • @OptimizedPortfolio

    @OptimizedPortfolio

    2 ай бұрын

    Given the current KZread finfluencer landscape, I'd submit that probably wouldn't be a bad thing.

  • @PreetBanerjee
    @PreetBanerjee2 ай бұрын

    Phenomenal video as always. There is a strong desire in Canada (from regulators, amongst others) to address the regulatory landscape to see if it has kept pace with the innovations (for better or worse) in "advice". I think it is not so much a "does something need to be done?" question as it is a "WHAT needs to be done" question. I'll happily be forwarding this video to add to the discussions.

  • @xkurly9874
    @xkurly98742 ай бұрын

    Mad respect for Trey for being honest about his shady actions in the past. Takes a real man to step up and admit he was wrong

  • @user-mt5uu4pz4j
    @user-mt5uu4pz4j2 ай бұрын

    I love how you focus on the risk of investing which is arguably more important vs the potential gain. Thank you for making these videos!

  • @x0Kamix0x
    @x0Kamix0x2 ай бұрын

    I know Trey had a health condition... I appreciate his honesty and hope all is well with him.

  • @Frederick0220

    @Frederick0220

    2 ай бұрын

    Yeah, IIRC heart disease which is brutal for someone that young

  • @zoehltsen83
    @zoehltsen832 ай бұрын

    I laughed so hard when he stepped out of the lambo. Quality content as always, keep it up!!

  • @TheFireGiver
    @TheFireGiver2 ай бұрын

    Aren't you technically a finfulencer? Checkmate

  • @ThePlainBagel

    @ThePlainBagel

    2 ай бұрын

    Wait no!

  • @wesosdequeso8360

    @wesosdequeso8360

    2 ай бұрын

    good old Tu Quoque

  • @psychic_beth

    @psychic_beth

    2 ай бұрын

    Ha gottem!

  • @TechWeLove

    @TechWeLove

    2 ай бұрын

    Technically he is, cause he didn't give a balanced approach to his discussion of AMC and it's stock price, but only mentioned the bearish portion, from what I remember watching. There is a bullish and apeish thesis, if the "Financial Advisor" did a more thorough investigation. I'm just a dumb KZreadr, with no financial background, so anything I say is my own dumb advice to myself. 💎🦍💎

  • @OffGridInvestor

    @OffGridInvestor

    2 ай бұрын

    I thought so too

  • @blackcoder97
    @blackcoder972 ай бұрын

    And I get a grant Cardone Ad in the mid roll for this video, great job KZread

  • @jonathanquezada7342
    @jonathanquezada73422 ай бұрын

    I’ve never wished for a x10 like button as much as I do now: this is a PHENOMENAL video

  • @ethanchernick4706
    @ethanchernick47062 ай бұрын

    As an aspiring financial advisor I am truly moved by your integrity and your delivery of your message. Thank you bagel man Richard

  • @johnenterlotsofnumbershere
    @johnenterlotsofnumbershere2 ай бұрын

    The 8 that were sued had the charges dropped. The judge ruled that telling others to buy in the open market isn’t fraud, because they dont control the property so people could have sold at any time. He didnt excuse the behavior of giving bad advice, or even promote a stock for the sole purpose of increasing price, but he did say that it cant be fraud

  • @morezco
    @morezco2 ай бұрын

    Really great video. Most graceful way I have seen anyone handling disgraced finfluencers

  • @danag3757
    @danag37572 ай бұрын

    Love The Money Guy!!!! Highly recommend. They keep it educational and to the point.

  • @NewMoneyYouTube
    @NewMoneyYouTube2 ай бұрын

    Great video Richard! I wish everyone was forced to watch this before tuning into the KZread finance space. It's sad that there are so many bad players out there. You're right - in Australia, our financial regulator has cracked down hard on finfluencers over the past few years. We now have a rule that you are not allowed to imply a buy/hold/sell recommendation on a financial product without the appropriate financial services license. An unlicensed Australian called Tyson Scholz who provided 'trading signals' to his private Facebook group was recently taken to court, which resulted in a permanent ban for him carrying on business in Australia + he was forced to pay $450,000 of court costs which pushed him to bankruptcy. Furthermore, we also have conflicted remuneration laws that prohibit finfluencers from being compensated via affiliate arrangements from companies that deal in financial products. I think that one is a real game changer. These new laws have definitely cleaned up the space in Australia, and I hope they are implemented in other countries also. Also, that bit with the McLaren was hilarious. 🤣

  • @HiMyNameIsKim
    @HiMyNameIsKim2 ай бұрын

    I think my concern in general on social media is that generally, I believe governments need to punish or re-inforce disclaimers- not only for the finance industry, but for sponsors, ads and credentials. High follower counts doesn’t mean credibility. I’ll say though that even folks that have had contact with industries should make sure they disclose their experience… and more importantly, if their opinions or thoughts change, there should be concerted efforts to update. Unlisting videos are always a great start.

  • @edumazieri

    @edumazieri

    2 ай бұрын

    I generally think that in general it's important to generalize. Sorry, couldn't resist :P agree with your points (in general).

  • @OptimizedPortfolio
    @OptimizedPortfolio2 ай бұрын

    Fantastic video. I always admire your thoughtful, nuanced takes, the sheer level of effort you put into these, and your commitment to positivity.

  • @SxC97
    @SxC972 ай бұрын

    Big fan of the Money Guys. Lots of very easy to understand, common sense advice.

  • @TheFireGiver

    @TheFireGiver

    2 ай бұрын

    My only problem with them is that a lot of their videos are highly repetitive. Once you've seen a few you've seen them all. The financial order of operations they have makes a lot of sense to me and I was pretty much following it accidentally before I found them. I think they're a great intro for people who want to know the basics.

  • @SxC97

    @SxC97

    2 ай бұрын

    @@TheFireGiver Yup, I only started taking personal finances seriously last year so I found it very useful as an admitted beginner. I imagine if you are more knowledgable already, then you don't really need KZreadrs to give you advice. I do wish they would focus on some of the more advanced topics around invest that become more relevant as you get older.

  • @Jack-fw4mw

    @Jack-fw4mw

    2 ай бұрын

    @@SxC97 They run the channel as a lead in to working with them professionally. So, the older age content you are mentioning is the stuff they want you to be paying for in direct consulting. They occasionally dip into some more advanced tax reduction strategies in the Q&A, and some interesting possibilities are hidden in various shows, but by their own admittance the bread and butter is pretty boring.

  • @GRB-tj6uj

    @GRB-tj6uj

    2 ай бұрын

    ​@@TheFireGiverironically your issue shows why social media is rife with bad financial advice. There's is a limited amount of content you can get out of giving solid basic information, so if you want to feed the algorithm with a daily viral video you need to dip into hype and clickbait

  • @WalterMangandid
    @WalterMangandid2 ай бұрын

    I knew back in 2020 that I was making one of my best decisions when I subscribed and started to follow your channel, Richard. Thank you VERY much.

  • @bdflatlander
    @bdflatlander2 ай бұрын

    Another good and educational video from The Plain Bagel. I am a senior citizen who has been an active investor for about 25 years. There is so much information on investing and money management on the internet it’s hard to know who and what to believe. But I have found that the videos form TPB and well done, well researched and offer objective advice.

  • @psychic_beth

    @psychic_beth

    2 ай бұрын

    Bot

  • @Givemegymtips
    @Givemegymtips2 ай бұрын

    I started watching Ramsey. From there I found Money Guy. Then I found you! All three of you have been really insightful.

  • @megaprimegamer1184

    @megaprimegamer1184

    2 ай бұрын

    Ramsey is useful if you’re poor and in deep shit. Shows more dramatic and fun to listen because of that lol. I wouldn’t call it financial literacy if you’re educated.

  • @stephen.macleod

    @stephen.macleod

    2 ай бұрын

    My two cents, get coffeezilla into your rotation.

  • @greg5892

    @greg5892

    2 ай бұрын

    Ramsey is a hack

  • @mikes-wv3em

    @mikes-wv3em

    2 ай бұрын

    ramsay sucks. my costco visa is paid off monthly and i get about $400 back a year

  • @dannyturkian9083

    @dannyturkian9083

    2 ай бұрын

    The money guys are great

  • @abramjohnson903
    @abramjohnson9032 ай бұрын

    Thanks for breaking down such a conplex and nuanced topic and research. I appreciate the wide breadth of issues the research covers and how you present it in a succinct and engaging way ❤

  • @katarh
    @katarh2 ай бұрын

    The single best piece of financial advice I ever got was "save it before you see it" and that applies to any kind of method that lets you squirrel it away out of your paycheck before it hits your bank account. But that advice is so simple and unsexy that it'd be at best a KZread short for a given channel.

  • @richardmcgreary6368
    @richardmcgreary636822 күн бұрын

    Your restraint is truly remarkable. I mean, these idiots must drive you CRAZY and yet you refer to them and their practices always so respectfully and I am in awe of that! 😂

  • @AHoboWithAStick
    @AHoboWithAStick2 ай бұрын

    Loved the production value of this one. Can see the effort you put in to it Richard 👌🔥

  • @danhenne3739
    @danhenne37392 ай бұрын

    ooooooh.....Your wife is going to freak out when she sees how much you spent on renting that car for 5 seconds of video.

  • @matthewH8469
    @matthewH84692 ай бұрын

    Props to Trey for getting back to you.

  • @luvdocumentary

    @luvdocumentary

    2 ай бұрын

    Agreed, he could've just ignored the request or completely denied any wrongdoing.

  • @mortviolette284
    @mortviolette2842 ай бұрын

    I love your subtle humor! Thanks for the recs for other solid finance channels.

  • @Jaxck77
    @Jaxck772 ай бұрын

    I absolitely love that you reached out to Trey, and I love his response. It's staggeringly honest which is exactly what is most needed to deal with scammy & faddy environments.

  • @simonmonto
    @simonmonto2 ай бұрын

    Thumbnails like your dropping a strange colab rap album and I'm all for it

  • @snafoomagee413
    @snafoomagee4132 ай бұрын

    This was great, and Aswath's channel is incredible, you are literally getting up to MBA standards of learning for FREE! Always like your prgamatic breakdowns and insight dude

  • @UserNameAnonymous
    @UserNameAnonymous2 ай бұрын

    I'm an advisor. This is one of your best videos yet. I'm glad you shouted out the money guys, their content is excellent. Two cents is great for beginners, also.

  • @nikevisor54
    @nikevisor542 ай бұрын

    Congrats on the gains, dude. Looking forward to the spinoff fitness channel Macro-friendly Bagel

  • @CommunityTheatre

    @CommunityTheatre

    2 ай бұрын

    “Plain egg whites”

  • @jasonavant7470
    @jasonavant74702 ай бұрын

    Having some coffee and a plain bagel while watching this. Thank you Richard. Love the videos.

  • @evanwheeler7687

    @evanwheeler7687

    2 ай бұрын

    People actually eat plain bagels?!

  • @jasonavant7470

    @jasonavant7470

    2 ай бұрын

    @@evanwheeler7687 yes, they do. They're delicious toasted.

  • @natevanek2785
    @natevanek27852 ай бұрын

    Someone please take the shot of Richard getting out of the car, put it in slo-mo and dub "All I do is Win" or Rick Ross' "Hustlin" over it. That short would get billions of views. From me.

  • @OmegaRejectz
    @OmegaRejectz2 ай бұрын

    25:00 Both of your guys' channels are incredible. So much useful information without the need for unethical tactics.

  • @Kep19901
    @Kep199012 ай бұрын

    This should be on youtube's trending page. Great video.

  • @braydonthegreat5099
    @braydonthegreat50992 ай бұрын

    respect to Trey

  • @magesalmanac6424
    @magesalmanac64242 ай бұрын

    Sir, the “waving away smoke” effect is underrated as f and I have respect for the editing you put into this video

  • @king3650
    @king36502 ай бұрын

    Glad I found your page when I was starting my journey into investing 🙏🏼

  • @jlee4039
    @jlee40392 ай бұрын

    I’m just impressed how you can produce these lengthy thoughtful videos so regularly and still stay so swole 😉

  • @felonyx5123
    @felonyx51232 ай бұрын

    Did not know that was a term, I assumed this was about a plague of Finnish influencers.

  • @funeraljoint

    @funeraljoint

    2 ай бұрын

    I thought the same thing 😅

  • @SamuelRodrigue-dk3ds
    @SamuelRodrigue-dk3ds2 ай бұрын

    Hey Richard, really glad to see that in the middle of all these finfluencers, there are people like you to spread the truth about investing and not trying to sell anything. Keep up the good work !!!

  • @ianaka007
    @ianaka0072 ай бұрын

    Thank you for being a voice of reason.

  • @LiverpoolRubi
    @LiverpoolRubi2 ай бұрын

    I’ve noticed that finance influencers are also very popular among the heavily speculative eras of the economy/stock market, I think that might have some huge impact on why they exist

  • @jackhansen7305

    @jackhansen7305

    2 ай бұрын

    It’s easier to push through scams and pump/dumps when the overall markets are doing well.

  • @josephj6521
    @josephj65212 ай бұрын

    Unfortunately a fantastic finance KZreadr Kuan in Australia has allegedly been banned due to Australia’s laws. I was shocked! He provided fantastic non-biased information on tax, retirement accounts, etc. He was excellent and explained laws of investing easily. Sometimes it’s gone too far and in this instance I think it has for him. Unfortunately there aren’t many people explaining how laws and taxes work in Australia and I find it concerning. Some information is better than no information. Yes I agree that many influencers out there talk garbage and I’ve noticed the ones which are all about click-bait. I’ve had professionals in the past advise me to not to buy this or do that and they were so wrong! I don’t know who to believe but I find the most useful videos being the ones talking tax laws, retirement fund rules/taxes and general information (not advise) about financial products. Something Australia should allow instead of leaving us uninformed.

  • @ReubenNinan
    @ReubenNinan2 ай бұрын

    Thank you for your work. I really appreciate your plain and to the point style!

  • @simonharrison9727
    @simonharrison97272 ай бұрын

    Great show gents! Looking forward to your declaration of victory..!

  • @Aurierserge50
    @Aurierserge502 ай бұрын

    This pretty much explains why i stopped listening to financial advise from KZreadrs. This leaves me with heavy concerns having acquired over $200,000 worth of company stocks with no large cap or solid income flow as recommended by certain financial KZreadrs.

  • @livwake

    @livwake

    Ай бұрын

    Why aren’t you selling?

  • @slapjacks8136
    @slapjacks81362 ай бұрын

    I remember OG KZread being less about influencers and more about creativity 😢

  • @JJ-zr6fu

    @JJ-zr6fu

    2 ай бұрын

    OG KZread is pretty bad

  • @gabriel837
    @gabriel8372 ай бұрын

    The new editing/presentation style makes the video more engaging. Keep it up!

  • @sirguy6678
    @sirguy66782 ай бұрын

    Excellent analysis! Remember- when someone wants to share their “gold mine “ with you- that just means they need you to move all of the dirt

  • @RenStrider
    @RenStrider2 ай бұрын

    I'm actually impressed that I can be both unsurprised and shocked at the fact that zoomers are three times more likely to fall for online scams compared with boomers

  • @rowdyonez
    @rowdyonez2 ай бұрын

    This video is 6 years late

  • @ManOnEarth462
    @ManOnEarth4622 ай бұрын

    Love the higher production values. Obviously, these videos are harder and take longer to make, but a few these here and there would be superb!

  • @yamata45
    @yamata452 ай бұрын

    Your content quality was already high, but this investigative video takes you to the next level higher. Very well done!

  • @ashishpatel350
    @ashishpatel3502 ай бұрын

    Meet Kevin is the Walmart brand of grant cardone 😂

  • @darrendent8288
    @darrendent82882 ай бұрын

    We need the dislike button back on YT darn it!

  • @ronyorobio7096
    @ronyorobio70962 ай бұрын

    Thank you for the transparency and the good touch you hadled Trey's stuff. I am keeping notes from the suggestions at the end of this video.

  • @danh2716
    @danh27162 ай бұрын

    Big thumbs up for The Money Guy show.

  • @rethinkrich
    @rethinkrich2 ай бұрын

    Thank you for this video. Sooooo many people fall prey to scams!

  • @Raggart
    @Raggart2 ай бұрын

    Thank you for continually educating people through your videos and including Canada whenever possible. I have watched a lot of your content, and you, sir, are a gem of a human being 💎

  • @Spinattitude
    @Spinattitude2 ай бұрын

    Your videos are always such a refreshing breath of truth!

  • @zeus-jv8ec
    @zeus-jv8ec2 ай бұрын

    This is a great video. This should be the first video people have to watch before being introduced to finfluence

  • @potatoskunk5981
    @potatoskunk59812 ай бұрын

    Good commentary from one of the best finfluencers out there.

  • @normansimonsen1203
    @normansimonsen12032 ай бұрын

    I appreciate you making this video. I respect that you are the real deal with credentials.

  • @timlodge8267
    @timlodge82672 ай бұрын

    One of my favourite KZread channel.

  • @Llaucha
    @Llaucha2 ай бұрын

    Love the video man, You have really amazing topics in your whole channel.

  • @savalia.
    @savalia.2 ай бұрын

    I have found you the most honest and valuable information. Thank you!

  • @Les2point0
    @Les2point02 ай бұрын

    Good on Trey for coming clean

  • @PhilipBlank
    @PhilipBlank2 ай бұрын

    More people need to see this man! Dropping straight facts.

  • @TribeTime199
    @TribeTime1992 ай бұрын

    Terrific nuance and candor on a really prevalent, ongoing topic here Rich. Love the way you have shown and presented this, and think it's so critical that we continue to carefully evaluate this kind of stuff.