Financial Planner Reacts To TikTok Investors

[@CodeEmporium]

"Don't invest in the S&P500" + "What I learned from Warren Buffet" = "You learned nothing"

[@theboss1625]

I like it when smart people debunk stupidity. We need more of this.

[@erikjohnson5549]

The problem is, Dumb people think they're smart, so they feel the need to flood the world with their stupidity, genuinely believing they're helping.

[@mackenziemiles]

"I'll tell you who is going to come get you - the IRS." Hahaha! So simple and so true. I love it.

[@SheTalksFinance]

haha- thanks for watching!

[@fieldy409]

Ironically the best way to illegally not pay tax on a small transaction has been paying with good old paper money and always has been. Tons of tradesmen I know get away with being paid cash only on the sneaky weekend jobs. If you buy crypto with your bank account/card there's at least a receipt for it and record on your bank account, automatically made by a computer, probably more digital records on the end of whatever app or site you used...

[@pf4773]

Thanks for your competent, informed advice. So nice to see someone with an actual education in financial planning on You Tube. There are so many really scary folks on You Tube, promoting ideas and their own brand to the detriment of the viewer.

[@StationBreakTV]

As an investor I thought this video was excellent! Bill SerGio, The Infomercial King™

[@notspencer]

This is the content we need in 2021!

[@SheTalksFinance]

Haha, yes!

[@matthewsawczyn6592]

8:10 My favorite line “you’re retired, you don’t need this money”, as if you don’t spend money in retirement

[@santrader1707]

I had a friend who failed to pay his taxes. He gets out of prison in 2023, went in 2019. So yes, dont pay your taxes if you want free housing and food

[@ArtofGabe]

Respect lol

[@ube187]

Pretty sure it was over more than a couple dollars and probably needed a better lawyer

[@Hassansin]

Free housing and food??? Where do I sign up?

[@TheFirebolt2011]

@@Hassansin IRS tax form; or rather don't sign up for that.

[@kiyokorae8175]

i hate when ppl brag about not paying tax

[@NotMyWar]

Yeah, I mean it’s a lot better to just keep it to yourself so the Irs doesn’t find out.

[@andhisband]

It's like painting a target on their back for the IRS: "AUDIT ME!"

[@Luke-mm4fy]

“Bitcoin is decentralised” - uses an exchange which offers crypto visa - is 100% a centralised exchange 😂

[@erikjohnson5549]

I don't know the guy from the first video, but I'm guessing he's one of those people who started smoking weed WAY too young and just never stopped.

[@travis1240]

Taxes on crypto are kind of a nightmare. If you buy a bag of potato chips with bitcoin, you owe taxes on the increase in value of the coin vs the dollar since you bought the bitcoin.

[@andhisband]

@@travis1240 LOL! That means you will have to re-calculate your gains for every transaction you make in $h!tcoin! What a nightmare is right! Tying a Visa to your account is insane.

[@user-qw9yf6zs9t]

use monero lol

[@brkbtjunkie]

@@erikjohnson5549 are you insinuating cannabis makes people dumb? You realize that is just reefer madness propaganda, right?

[@colorado841]

This shattered my whole world. I used to get all my financial advice from tick tock.

[@LauraLParr]

That guy does not understand what the 4% rule means.

[@SheTalksFinance]

EXACTLY!

[@damienwest2519]

@@SheTalksFinance that's because he only has 4% brain power of the average human

[@g33zer]

i feel like the guy that doesnt know how averages work is worse

[@subhroneelmoitra1895]

@@SheTalksFinance what is the 4% rule?

[@tommysuits7416]

@@subhroneelmoitra1895 allegedly, you can withdraw 4% from your investment every year, and the principle won’t drop. So, if you can save enough for retirement where you can live off of 4% per year, then you’re golden.

[@sharknado523]

My favorite part of that Curtis Ray video is near the ending where he says "Don't believe me? Look up the 4% rule." All that means is that if you have a portfolio you can withdraw 4%/year for 30 years and generally speaking never run out of money if you invest in a diversified basket of stocks, mutual funds, ETFs, bonds, etc. etc., depending on allocation. For many people, between Social Security and 4% of their investments they'd be more than set in retirement. For the people for whom that would not be sufficient, the answer isn't freaking life insurance, so the point is moot

[@SheTalksFinance]

Exactly! Which is why seeing his videos increase my blood pressure lol

[@andhisband]

For the RE guy, you might also mention the elephant in the room: the Covid-caused eviction moratorium. Because they can't be evicted, many renters have stopped paying rent. Landlords still have their expenses, but are getting killed because they have no income from rent collections for the last year and a half. For every rental unit, they're losing thousands every month. No investment class is without risk.

[@inak.dunphy9860]

these made me LOL thank you for sharing this, as a financial professional who cant post anything on social media bc compliance, I applaud you for sharing what we're all thinking when we come across these ridiculous tiktok videos!

[@SheTalksFinance]

Thanks for watching ! I am just trying to maybe educate and humor at the same time!

[@ismaelgonzalez5478]

You are one of the VERY FEW Legit financial KZbinrs out there. AND FOR THAT REASON thank you

[@knobi3760]

I am grateful for people like you, who are able to use their brain before trying to get influencing others.

[@randolphabeyta]

I started watching this thinking it was going to be bad on top of bad... And I was wrong. It's easy to get views spouting the bad tips, so thanks for being consistent and being a good financial advisor.

[@SheTalksFinance]

Thanks for watching!

[@mariocarrion2022]

I could watch you all day lol The facial expressions.... Awesome Love from Down Under 🇦🇺

[@SheTalksFinance]

Thank you!

[@josephbelcher79]

I'm a CPA and I can't say this enough, Thank you!!! We need more videos like this and less like the tiktok videos you showed.

[@SheTalksFinance]

Thank you!! I’m still getting people in the comments telling me I’m wrong though 🙈

[@aarond23]

I love the woman who thinks $400k is going to be tax free! LOL

[@tobias3383]

Cooolest chick in Investments! Do your thing! Educate the people!

[@SheTalksFinance]

haha thanks! I'm trying :)

[@jayd9613]

I love this Content! I was an accounting and finance major in college and since then i've been working for a public company. Refreshing to hear about investments again. This is getting me back into investing in my future!

[@josesanchezcertifiedfinanc5351]

You Speak Truth! Loved the Video, Love that you are a Certified Financial Planner™ professional .

[@oneone9884]

omg that you have to provide this information says a lot about the education of our society

[@JigneshThummar]

this world need more people like you,, and yah that guy is buying home every single day...

[@SheTalksFinance]

Thank you 🙏

[@DallasGraves]

Hahahaha, “pay your student loans with embezzlement with these 4 easy steps!” 😂

[@brkbtjunkie]

My IRA has appreciated by 380% since 2015… these people have no idea what they’re talking about. Do they think all you can invest in with an IRA are index funds??

[@SheTalksFinance]

I am not sure what they think!

[@bradyrobertson23]

Please keep doing these, they are very enjoyable and entertaining🙂

[@SheTalksFinance]

Thank you, I’m working on a new one !

[@mfsavino]

The video at 6:15, I think he was talking about the sequence of returns and the fact that an average rate of return doesn’t accurately show what the outcome will be. So consider you have $1,000 in an account, the first year you earn a 50% rate of return now your account is at $1500. The next year, you lose 50% of your investment. In this example your average rate of return is 0% but your ACTUAL rate of return is -25%. That is because even though +50%-%50% is 0 but you’ve actually lost $250 of your original $1,000 investment.

[@sinematographers3344]

More please !! hilarious.

[@SheTalksFinance]

Your wish is my command ! Thanks for watching

[@foxhound34]

The girl at 3:36 is most likely referring to the Biden speech in which he did actually say families making under 400k would not have to pay any taxes. This was a flub, another flub in that speech was that he meant to say individuals making under 200k a year would not pay his new higher tax rate. 2 members of the family making 200k equal 400k

[@khlebasmike]

You look like a female version of Michael Scott from the office when he talks on the phone 😂

[@SheTalksFinance]

Ha, I'm taking that as a compliment b/c he's funny.

[@istarktv1896]

I love the no head shake, lmao. it's the same head shake I give people when they think they know about Tech

[@georgewright9914]

2:30 “they don’t know what they’re even buying” yep sounds like we haven’t learnt from 2007/08 😂

[@Datduuudeee]

Haha almost word for word from The Big Short

[@Omego2K]

The last guy does make sense. Not 30,000 worth of sense but some sense. If you pay your parents the standard deductible amount then that is essentially tax-free.

[@AaronDav-nq8hk]

this video just popped up in my recommendations, sure glad it did. Your Great!!! good Video. Funny, but still highly informative!!

[@SheTalksFinance]

Thank you! That’s my goal!

[@HarshColby]

ROFL! Great takedown of online "experts" (TikTok included). First time I've seen your channel. I'll watch more to see how TikTok, et al, experts are duping people. The funniest one was where the guy was transfering his tax burdon to his parents "because they don't need the money". Runner up is the guy who advises that Bitcoin gains aren't taxable. Has he not seen the plethera of questions on his tax return regarding Crypto gains? Keep up the good work. I'll watch for more.

[@KingKosovac]

What is the quickest way to pay off student loans? Should I buy that guys life insurance?

[@gekkehenkie0001]

Not an USA resident, but even from a EU perspective this is very funny to watch, Some of the statements made by the TikTokkers are the financial equivalent of the perpetual mobile.

[@SheTalksFinance]

Yea, I was just hoping to educate and set the record straight with a little humor in there 😂… thanks for watching!

[@milan51259]

@@SheTalksFinance You tried your best, but my blood pressure too increases in the second I hear "tiktok".

[@crow-vz5lx]

I moved my 401 k from whatever my company puts it in, The rate of return was 6% To the s&p 500 been seeing a much better rate it's around 10 percent

[@drewski-qu3co]

My favorite was the last guy to who got his parents to pay his tax. The other great thing about his scam was that he now has to pay payroll tax. so about a extra 5-10% depending on where you live. So his tax planning has a net loss of 10%

[@GM-pj3jx]

I love this woman! make vids every day so i can laugh with you!

[@danielr951]

IRS the biggest bully in the country even the joker from Batman is afraid of the IRS 😂😂

[@erinp2945]

So funny! My former financial planner LOVED to quote Warren Buffet. When I asked him about Index Funds for my retirement account, he told me it was a horrible idea. I fired him shortly after and replaced him with myself. :)

[@riversmakris]

Greatest fucking video to ever be recorded.

[@SheTalksFinance]

Why thank you.

[@riversmakris]

@@SheTalksFinance Mainly because 1. I hate tik tok 2. People don't know nothing about money 3. They are way too many internet gurus and scammers

[@Dylantrugg]

I would love to see more reaction videos like this! There are no shortages of financial tik tok videos.

[@SheTalksFinance]

I'm working on my next one :) ... Thanks for watching.

[@richardverheyen6373]

In the last one, is he trying to describe... 1. owning your business as a family trust 2. loaning your business profit (after tax) to your family trust 3. giving the cash in your trust to your retired parents as beneficiaries to use their low tax brackets 4. paying your student loans with cash in hand from your parents You'd still have to pay that loan back from your family trust to your business? I'm looking into things in this area, might have some things wrong

[@gogorichie]

i had the same reactions lol.....you should do these more frequently

[@SheTalksFinance]

That’s my plan!

[@JosephMcGee1]

As an accountant, I was bugging this whole video

[@SheTalksFinance]

I feel your pain...

[@Karim-ik5ij]

Could you go into detail about the last guy? My accountant told me to do the exact same thing. In the end said, I can only use it to pay back student loans

[@MarvinOfFinance]

Love it! hahaha Can u link me where u got the bull and bear from (background) greetings from germany

[@SheTalksFinance]

They were a gift, so I am unsure! Try Wayfair or Etsy.

[@JHei10]

okay you just earned a new subscriber, thx Nikki

[@SheTalksFinance]

Yay! Thank you!

[@L_B2030]

Wow lol 😂 I wonder why I don’t see these on TT when that’s all I follow on KZbin 🤣

[@yasinali3754]

Irs don't have the knowledge to track all of btc sellers that are semi anonymous using a dex or loans to get fiat

[@chrisdunntv]

OMG this is amazing! bwahaha 😆

[@SheTalksFinance]

Thanks !!

[@howyoutubesmells]

sasa ke, I wonder if IRs would cover your loses if they tax your gains). it is rhetorical question no need to answer.

[@dehash666]

I doubt IRS will come for his BTC Visa groceries purchases:) If he begin buying very expensive stuff (cars, boats, houses), then may be...

[@SheTalksFinance]

You'd be surprised who I have seen the IRS go after... they go after the little guy more than you think, and it's very unfair imo.

[@owensnell4606]

Just be careful because often times people who are trying to make themselves look better by dragging down others are trying to get something in return from you

[@cryptodailyfx3323]

To be clear, if you buy something (especially from an individual seller) using your personal crypto wallet (NOT a regulated exchange wallet), then no 1099s are generated / provided to the IRS. The IRS and other regulatory bodies are incapable of taxing p2p transactions over decentralized networks as long as funds are not subsequently transferred to a tax-reporting entity to "cash out." This is a p2p transaction, exactly as SN described in the white paper. DeFi platforms and smart contracts are growing rapidly and enable more and global p2p transactions, opportunities to earn yield in-kind, and get collateralized loans without triggering taxable events. Centralized exchanges are sort of a v1.0, self-defeating stage in the evolution of crypto, so to say crypto is "extremely taxable" is just plain wrong.

[@TiggyRainbow]

You just earned a sub

[@jasonluong3862]

You know the saying about social media: Any idiot with a computer and an Internet account ...

[@tejlahoti23]

Please review the chadandjenna video about how they trade stocks where they buy stocks that keep going up! Great content! 😂

[@SheTalksFinance]

I did make a comment on my Instagram feed on this one! But, "day-trader" edition is next!

[@tejlahoti23]

@@SheTalksFinance This is the content we are here for. Keep it up!

[@andrewwilde8327]

Question Nikki: Say I'm invested in crypto like bitcoin, and it drops putting me at a net loss for my investment. Say my net loss is 100k. Can I then buy back in immediately after selling, and deduct the 100k loss on my taxes, even if bitcoin gains the 100k back by the end of the year and puts me at a net profit? I know this is not true with normal stocks and securities, but iv heard this does not yet apply to crypto because of lack of regulation and crypto law. Can you look into this and verify?

[@glasscity3104]

The more something is being spruced as tax free or will make you wealthy quickly, the quicker I run in the opposite direction

[@pachurrias]

you don't need an exchange to use bitcoin. If you trade from a cold wallet to a cold wallet it is decentralized.

[@SheTalksFinance]

Yes, I know- but, you're still transacting in virtual currency, and the IRS still asks about it on the 1040 form.

[@alvaro8325]

Crypto itself is not taxable. The thing is that people like to use exchanges which make things easier for them but are also centralized. If you use bitcoin and do not use an exchange you cannot be taxed because you are the only one that has access to your wallet. That being said I'm not saying that you should do it but it is an option.

[@SheTalksFinance]

Yes, you're still responsible for reporting the gains from transactions even if it's on a decentralized exchange or not "traceable". Now, if you don't, that's between you and the IRS.

[@matthines4748]

I’m a tax planner, and wanted to hit my head on a wall at all those bad tax opinions. They will be in for nasty surprises.

[@SheTalksFinance]

Glad you're here to back me up lol

[@mr.stantheman7322]

I feel like that last guy would get audited for sure

[@subliminal.criminal]

If the Treasury can just send everyone checks, then why are we paying taxes in the first place?

[@zacksnyder4082]

To avoid runaway inflation

[@BarryDylan111]

"Yo IRS, you don't have authority when it comes to taxes and finances! This guy on tiktok is way more qualified than you are! ....okay Im sorry pls dont throw me in jail."

[@gustavofring3661]

I agree with your every nod 😂😂. Great commentary!

[@masterkong369]

I’m a fan of real estate investing personally. I love it mostly bc it’s the only investment vehicle that I (a veteran) can buy 2-4 units of for free (then refinance later) and make money on with a property manager managing the asset now and in the same time I retire traditionally (assuming I buy assets in my 20s) I can make money now from cash flows and more money when I paid the loan off in my 50-60s

[@gustavomaurizio2606]

Actually bitcoin has a lot of taxes like the fees and it's also insecure because the blockchain is public and everyone knows all your transaction

[@unkindguy88]

As soon as someone says 401k, IRA and/ or Index fund is bad, punch that person. Tell them reality check.

[@SheTalksFinance]

Right? They obviously have no idea the real benefits - I’m putting a detailed video out on this soon!

[@SSChambers1]

"The IRS". Now take the space out. "Theirs". Coincidence? I think not.

[@SheTalksFinance]

Whoa!

[@douggodsoe]

If I am committing tax fraud, then the taxes I evade are avoided. Tax free. Really though, some of the TT tax advice is only relevant if you live somewhere else, other than the US. They confuse US tax laws with their local jurisdiction. For example, in Canada, prize winnings are tax exempt, dividends paid to non majority shareholders are 100% tax exempt, and non refundable tax credits are a thing. US taxes are very different from most of the world: the US tax code is only four pages long, followed by 10,000 pages of exemptions.

[@walid373]

Using Bitcoin in it's truly decentralised form, so no exchanges or KYC is completely out of control for the IRS

[@algoristhq1282]

I don’t sell insurance…. Retirement plans are stupid… I’d rather have the funds now than a couple of years before I die…

[@gersonadr2]

What about the 17yo stock traders who call college a scam? 🙈

[@SheTalksFinance]

Show me the video! I don't think college is a scam, but, I also don't think college is for everyone.

[@AskWelmoed]

Love this! Have you done the Dave Ramsey one yet?

[@SheTalksFinance]

Not yet.. I have another Tiktok one coming down the pipeline though!

[@2-MILL]

One of my favorite videos

[@kennypowerz1267]

Funny how the super rich dont pay anything close to what i pay on taxes.... Loop holes in the tax code i think they call it😂😂😂😂😂😂😂😂😂

[@Poejj]

Any kind of insurance that is also pitched as being an investment is a guaranteed disaster.

[@SheTalksFinance]

Yep- can you say "fees"? I agree that insurance has its place, but, for most people IUL policies are not necessary!

[@MRMONKEYPUNCH]

Just found your channel! I’m enjoying the content! :)

[@SheTalksFinance]

So glad you're here! Thanks for watching!

[@nielstoppenberg3839]

I like that you call bs on these imposters! Just know that tenants are not calling you in the middle of the night if you know what you are doing as a real estate investor. That is a common misconception.

[@SheTalksFinance]

Thanks for watching!

[@QWE-wh5hb]

Tax is Inevitable

[@SheTalksFinance]

It truly is … in some cases though you can legally control or avoid taxation !

[@banksterkid5930]

Capital gains tax is E V E R Y W H E R E You can't escape It's 10% long term in my country.

[@milosh988]

15% in mine but if you hold a stock over 10 years, it is 0%.

[@banksterkid5930]

It was 0% long term untill 2018 And now it's 10% long term Now even dividend is also being taxed 😥

[@Javeec]

Have you ever heard of Switzerland ? ;)

[@Meow_1992]

You know who also doesn't mess around with the IRS? Batman's The Joker.

[@Bidwellz9]

just saw that clip the other day lol raising children to fear the IRS from the start lol

[@alanbutler9190]

Al Capone..........this bootlegging is tax free 🤔 2021............this Bitcoin is tax free! 😂

[@plant-basedmd7891]

Not if you buy or exchange bitcoin with other people in a private wallet..

[@Karim-ik5ij]

For the first dude. If you get paid in BTC and are able to pay with it, without involving your bank or name . Then yes, no one will be able to tax you

[@julie113]

This was funny but also a bit scary because I'm sure there are people that will believe what these Tik Tok people are saying and will try to follow their advise.

[@sumdudenorris106]

You're wrong on the first one. Just because the IRS says you have to pay taxes doesn't mean you have to. With bitcoin maybe it would be tough to get away with, but there are plenty of 100% defy coins that can not be tracked at all.

[@cashually4240]

I subcribed because this was hilarious! and you have a great smile

[@SheTalksFinance]

Thank you!

[@kiraPh1234k]

Insurance = scam Insurance salesman telling you one of the highest returning investments in a tax deferred account is bad = double scam

[@SheTalksFinance]

Yup!

[@samuelhernandez2542]

Great video!! Following this page! :D

[@SheTalksFinance]

Awesome! Thank you!

[@deanalbertson7203]

Cardano ADA.

[@inea-fijourney22]

the best video Ive watch in a whilee!! 😂😂😂

[@coloradoreef3567]

Hi Nikki, great video and response. Love you girl, smart and your mannerisms are sooooo cute. Your husband is a lucky dude!!! Unfortunately so many are mislead by these types of people and lose a lot of money because of this nonsense. Keep reaching out and debunking the stupidity, some one out there will benefit from your knowledge. Prepare your brains people so that when that next win comes you will know how to take advantage of it. Hint: The stock market is going to have a historic crash, buy the bottom😉

[@SheTalksFinance]

Thank you! I will keep trucking on with videos!

[@coloradoreef3567]

@@SheTalksFinance 😂😂😂😂😂😂😂😂 Crazy funny. I’m a truck driver for UPS going on 31 years now. I’m half way to retirement🤣🤣🤣 Keep on TRUCK’N girlfriend