Investing and personal finance educational videos with a hint of economics, posted regularly.
I'm a CFA and CFP professional working as an analyst for an investment management company in Ottawa. I'm a huge finance nerd and am passionate about the field - I think people lack the resources they need to make educated financial decisions, and hopefully this channel helps with that!
For collaboration/other inquiries: [email protected]
For sponsorships:
[email protected]
DISCLAIMER:
The videos on this channel are for education purposes only and do not constitute financial advice. Richard Coffin does not provide recommendations on The Plain Bagel - those looking for investment advice should seek out a registered professional. Richard is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.
Пікірлер
One last comment, this interview was a big win for the channel, congrats! Be aware, that Trudeau is aiming at a younger audience, which is why he chose a KZread channel. There are legitimate concerns about housing for people starting out in life, however, what's disturbing, is that Trudeau is drumming up divisiveness over wealth, blaming so-called "wealthy people" for not paying their "fair share", whatever that means. Ironically, Trudeau is among the top of wealth in this country, he was born wealthy, and never had to work a real job in his entire life. We've seen what divisiveness will do throughout history, resulting in violence and economic ruin. I'm deeply disturbed that Trudeau is messing with the tax system for political gain, he's abusing his position as PM, using it to try and win votes while in office. His duty is to *all* Canadians, not some Canadians, and definitely not to only himself! Too bad the "alternative minimum tax" (AMT) was not brought up, that's another overly complex misunderstood mess all by itself, it will add to the burden caused by the cap gains increase, affecting more than only a tiny number of so-called wealthy people.
Heheh reminds me of Canada when Nortel networks was about basically the Toronto stock exchange and everyone including my parents were invested in the equivalent of the S&P of Canada... Nortel crashed and so did the country it was a bad time for everyone. Edit: I would like to point out that most of people didn't invest in Nortel but the Canadian pensions plans were maxed with Nortel. It's a lesson that's not lost on me.
What a handsome fella Oh and Justin is pretty great too
Trudeau dodged the question about concerns the increased capital gains tax will discourage future investments, he instead started talking about balancing the gap between dividends and cap gains, which are two very different things, and then he started talking about housing, which has nothing at all to do with the cap gains tax increase, as if increasing the tax on gains will miraculously make homes less expensive and in more supply. The businesses who build homes, are expecting capital gains from their hard work and risk taking, which will soon be taxed higher! How will making businesses pay more to build homes help? Trudeau also said the capital gains tax will affect the "point one percent" which is either a lie or misspeak. The gains increase affects considerably more people than 0.1%, and a lot more than 1%, if that is what he meant to say. At least 10-20% will be affected, many will be small business owners like myself who get a one time cap gains payment when we sell our business. We're hardly "wealthy" and very far away from the 0.1% of wealth, not even close to the 1%. I do not get a pension, I took significant risks, suffered through economic hardship, and have been banking on selling my business for retirement. Trudeau is messing with my retirement, and I'm super pissed to say the least. I'll not vote for anyone associated with the Liberal party while under the control of Trudeau. Unfortunately, the cons are silent on the issue, and it looks like a train wreak lies ahead.
This is how leaders, answer the critical questions without dodging them completely For example Question: What is a tree? Student's Preparation: The student prepared for a different question: What is a goat? Student's Response: "This is a tree. I tie the goat to this tree. Now, let me explain everything about the goat."
CZ NEEDS to go FED prison for at least 15 years no parole and if he wants a sentence reduction -- he NEEDS to chirp on a LOT of his high end clients! This is FAR from over!! CZ, is OWNED by the Chinese mainland ELITE who were LAUNDERING YUAN by the multi millions - this is because of the FEAR of falling out of the graces of the China dictatorhip! This has been going on for YEARS and to make it WORSE-- the RUSSIAN drug cartel has BEEN using Binance to launder multi millions! It would be disgusting if this were just a civil suit and no LONG term sentencing! Think about this-- CZ some how gets to CLAIM he has not "mis used funds of clients" -- he is just a - " PORTAL "--- this makes him VERY COMPLICIT and VERY guilty of setting up a site to launder BILLIONS and -- how about ALL the money he got paid! NO -- he did not make his fortune off being an exchange--that is JUST a NICE CLEAN ---FRONT -- that did honest transactions for the "typical small clients" this is a NICE SCREEN -- all the while he ls a PART of a whole CHAIN of laundering1 The CHAIN; Binance has MANY BRANCHES ( like an international bank) and this is a BETTER SCAM: the Rich mainland Chinese Oligarchs and the Russian oligarchs, and drug cartel --- get to send their THEFT -- ALL OVER the world and it WAITS for them to exchange it in EUROS and other currencies! This is FAR beyond some little slap on the hand, CZ NEEDS to be a roommate of a lifer who NEEDS a GIRLFRIEND!! The point of that--- is to put a LOT of pressure on CZ to give up the MULTITUDES of high end Chinese AND other ultra wealthy who are peddling drugs -- selling MILITARY weapons and much more! I am a little disappointed in your --"laissez - faire" description and lack of depth in this massive scheme set up by CZ!
Robinhood turned off buying because of a collateral crunch, not because of some consumer-oriented failsafe like a market halt. Keith Gill is not the reason for the run, is it possible that someone had to liquidate their swaps/shorts, and that caused a run? Why would the meme stocks all jump at the same time but with different degrees of magnitude? Is it possible that they are lumped together in a short basket derivate that connects them? Fundamentals WOULD drive the stock price in a normal market. When you short a company, you artificially drag the ticker price down for the purpose of allegedly resetting the price to a perceived ‘correct’ value. However, due to the rewards of delisting a hurting company through shorting, the goal has now become to sink the company and therefore go well beyond what is ‘normal’ behavior…is it possible that is happening? You mention again that the stock price is detached from company performance, then that would indicate that something else is going on…is it possible that it is NOT retail and instead another entity? You and I both know that publicly reported short interest is not entirely reliable information…is it possible that through conversion of those shorts into other derivatives, could mask its face value? Is it possible the SEC investigation did not dig very deeply and believed that company’s scared away from short positions? If nobody is interested in shorting the stock, why does it still have oddly high report short interest? This is a contradiction to your prior point. The short sellers didn’t cover in 2021, which is why it didn’t squeeze. They doubled down. I’ll ask again: Is it possible that a portion of the recent run was an institution covering? Do you really think all the price action is solely attributed to retail purchasing? You completely misunderstand the BBBY play that Ryan Cohen was making, he offered to help turn around the company and take Buy Buy Baby as payment basically, and BBBY board sank the turnaround, so he abandoned them to sink on their own. He got what he wanted out of the deal, right to a potentially valuable name. I like that you are honest about not having a focus or specialization in this subject, and none of us in the position do, but I came into it with an open mind and its possible that this could be a highly complex scheme not unlike the mortgage-backed security bond failure. If you had the opportunity to be on the winning side of the most asymmetrical bet on a company you can think of, with an outcome where the other side is woefully in debt, and all you have to do is buy the stock and sit on it……what is the obscene danger you seem to be warning about? You could lose your money in any other stock with a 2008 style market downturn tomorrow. I didn’t buy the stock based on memes, and to reduce the play to something as frail as that without giving credence to the possibility of covert shorting is a little unfair and dismissive.
This wouldn't be an issue if Millennials could afford houses and to save for retirement. We are forced to gamble just for a glimmer of hope.
Congrats!! Awesome job on the interview - > this is monumental for you, you deserve it! BTW: Wish he explained more why the capital gains taxation for corporations..and why small businesses are wrapped up in that.
Truedork.
My best friend Sam, who is the smartest person I know, told me that Gamestop has a secret Skunkworks division that is very close to curing cancer and reversing climate change.
I know he’s a perv and is shunned by Hollywood now, but Kevin Spacey is a great actor
I have a question that will illustrate a lot of ignorance on my part, but it's been driving me low-level nuts ever since I made the mistake of reading the original Heat Lamp theory post and the associated nonsense that followed it: if a stock fall so much in value that it DE-LISTS, doesn't that make it difficult for anyone short that stock to actually cover their position? I realize that at that point the party loaning the stock probably doesn't really care if they ever get it back, but if a stock isn't listed on an exchange, how do you buy it?
All these celebrities will TOTALLY not leave y'all holding the bag XD
The only country that has a reason to start a world war is the US. No superpower ever wants to be dethroned.
A lot of hand waving in this video... both figuratively and literally. 😒
HeDgIeS MuSt PaY
- Every historian ever: "HISTORY REPEATS ITSELF!" - GME short sellers: "Nah, this time will be different"
The whole point was to screw over firms that were shorting companies..
Did ask him about the Truckers? My memory is long...
I trust that this man makes a fuck ton of money as a quant that he doesn’t need to sell himself out for the views.
Having people hold onto a stock after bankruptcy in the belief it will make a comeback and reward their faith is, in a nutshell, a perfect representation of the market as a whole.
What about the seemingly coincidentalal accumulated long by RenTech? Seems odd.
This is so hysterical that people have no idea, no clue, about what is going on. Wow! This is going to be a great week!
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Michelle Stewart.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal broker and also a personal broker in many families in United States, she's a licensed broker and a FINRA AGENT in United states
You trade with Michelle Stewart too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
7:37
The thing is, there's every possibility that someone simply hacked Roaring Kitty's social media and posted those memes. After the BBY incident and Folding Ideas' video "This Is Financial Advice", people have known that the Gamestop "Apes" have enough power to cause temporary market shifts . Someone could have bought a bunch of GME stock, posted the memes, and then cashed out once the stock hits its peak. Given what happened, if that was the plan, then they got exactly what they were hoping for.
I wonder if Two Cents is the exception? or if they dont count since PBS
God your hot
Trudeau is a typical politician - endless rambling without saying anything of essence, focus on the future rather than accountability on his own actions while in power. For those of us who can see through the likes of him an interview like this is nothing short of infuriating. We all deserve the politicians we put in power and the consequences of their rule.
Problem with term life is you can’t get a policy if you have a pre-existing condition.
You shouldn't worry if you didn't press the PM on certain issues. Simply asking straightforward questions and allowing him to answer them without interruption is a refreshing change from interviews that tend to degenerate into shouting matches. I'm sure that the vast majority of your viewers are quite capable of judging the value and/or veracity of Mr. Trudeau's answers.
Glad i live in DK.
Made this mistake a few years back and just missed the chance to break even 😅 guess I've gotta wait another few years to sell
these people are fucking with your wallet, a bunch of scammers
People forgetting about the good old "runescape merch clan scam" while the crypto bros use the method in the stock market and crypto market to scam their followers hahaha.
So all the usual grifters known to screw their followers/customers are coordinating to pump this, what could possibly go wrong?
Okay bagel, I'm unsubbing. The fact that an authoritarian like Trudeau accepted to be in your show meant you're within his control or his group.😔
I heard in a radio story this week that China is "suggesting" that regional governments purchase distressed developments to turn them into affordable housing. The article further commented that since the regions that these developments are in were often involved in financing the initial development, it is not clear how effective this strategy will be. I hope you, or someone similarly thoughtful, does an update on the situation Is this plan feasible? How much demand for affordable housing is there? If Russia's economy is growing more tied to China as the war in Ukraine drags on, are there implications there?
It's great that so many of these morons couldn't realize their gains because they DRS'd their shares due to their belief in their insane conspiracy theory
I'm Canadian and I do not trust Trudeau. Thank you.
It's just a little cancer, nothing to worry about🤣 Man I'm excited to see more of your content. I stumbled across a post saying make corps buying family homes illegal so decided to try and learn (on the most reputable place, youtube😂) but really appreciated the objective in depth view you provided on the subject. I'm not quite as bothered by the issue as I was at first glance but am still just slightly because I'm pretty.. not psyched on the corporatocracy we live in today. Great work!
Can you talk about what the agreed parameters for the interview were? Were you allowed to ask follow up questions and challenge him for an answer?
😂😂😂😂
Trudeau for prison
Very softball interview for the worst PM Canada has ever had. Of course, I would not expect him to agree to do this interview if the questions actually had some teeth.
It's ironic that watching financial scams and all the KZread ads I get are financial scams.
BNED is doing some really weird stuff. I feel like it's worth a video.
Just another pump before the dilution.
Large shareholders cashed out when the price was too good not to sell. That popped the bubble.