Investing in Your Financial Literacy

[@Howell_Jolly]

You have had the most influence on my financial literacy.

[@dimitrakiriakopoulou6241]

not the real ben it is a scam watch out

[@davec3974]

Mine too.

[@jellovendigar]

Me too

[@Luke_Swanson_]

Same for me!

[@petergyuros]

Same here

[@doug2731]

My wife and I began investing last March during the peak of the GameStop / Meme stock craze. We both went into it completely ignorant and speculated on a few stocks. Thankfully, before any damage could be done, I came upon the Rational Reminder podcast and Common Sense Investing. We learned about the benefits of globally diversified index funds and the perils of active speculation. We've read many books and listened to countless podcasts to further our education. But ultimately, you and Cameron Passmore (based in Canada) are the greatest influences on my family's financial future in South Korea. Thanks so much for all your efforts in providing data and thoughtful commentary on both financial literacy and how to live a good life.

[@failedfishermanBC]

This is an awesome comment. I made some dumb decisions too until I found this channel. ❤

[@steveybopp]

The fact that your videos are based on your professional experience and referenced academic studies is the reason I keep coming back. Too many fin bros out there giving dodgy advice. Truly appreciate all the work that goes into demystifying topics. Thanks Ben!

[@LunaticTheCat]

And now many of them lime Graham Stephan have been exposed for the frauds that they are.

[@oscars749]

I would like to thank you Ben for your altruistic work of dissemination in the name of all of your viewers. You clearly explain academic studies in simpler and entertaining ways, and you have helped many people learn and gain interest in finance, when the number of scams continues its exponential increase. I will be personally grateful since your videos and their content have helped me in my professional career but also as personal investor. I encourage you to continue creating this useful content. Regards,

[@Cs-hp7ru]

Altruistic? You don't think Ben is enjoying what he's doing? Part of what I love about this channel is Ben's obvious excitement and enthusiasm for the subject matter.

[@blackfiree91]

You significantly impacted my financial literacy journey. Thx for your contribution.

[@WhereTheLoud]

Ben Felix is a man of the people - really appreciate the perspective and consistency of content quality. A ton to think about in this one

[@kimberlywasilensky2941]

I truly appreciate all of the citations you include throughout your entirity of your videos. So many other financial KZbinrs say “research shows” and yet do not include the source. Thank you!

[@OmikronPsy]

Please keep making these videos. The world obviously needs them.

[@malcolmtheyeti2871]

Having had to take an engineering economics course in school played a pivotal role in my personal financial success, looking back I’m very grateful for this random event that help to shape my life. You continue to help me on this path and for that I’m very grateful.

[@paganini0332]

I'm glad your channel is growing, it's completely deserved. Thank you so much!

[@PT_Master_Chief]

This guy have no idea the work hes doing for the people that find this channel by random!!! Keep this good content coming

[@alexwharton319]

I have a three year liberal arts degree...but I work in finance....learning the long term power of a basis point changed my life for the better...retiring at 53 very comfortably...

[@user-gg4xn9lb6h]

TeXtMe DiReCtLy🤙🤙🥶🥶.....,

[@arigutman]

I could not agree more with the insights within this video... Financial literacy is key to wealth generation...

[@hjanfekkmw]

My starting point for financial literacy was Jack Bogle and Ben Felix. That was time and effort well spent.

[@minasmina2700]

Κραείς εσού! 🤑

[@doug2731]

Same! Thank goodness I found them within a month of starting my first investments last year.

[@laurelreid]

I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.

[@Anitagibson]

I can’t focus on the long run when I should be retiring in 3years, you see I’ve got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/unstable market doesn’t provide any calculated risk opportunities to make profit?

[@laurelreid]

@@Anitagibson There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts

[@Anitagibson]

@@laurelreid I agree, my profit has been consistent no matter the market situation, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a subreddit, long story short, its been 2years now and I’ve gained over $850k following guidance from my investment adviser

[@laurelreid]

@@Anitagibson I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you ?

[@Anitagibson]

@@laurelreid Definitely! All of this happened in less than a year after Dominic Patrick Ruby told me what to do. I started with less than $100k, and now I'm about 17k short of having a quarter million dollars.

[@mr.financial]

This was a very basic video, but much needed. You can also direct people to the Canada website. It provides all the very basic info on finances and investing. The website has improved a lot over the years for those that haven't checked it out for quite some time. Thanks for the good content Ben.

[@Michael_Mears]

Yes, Ben, I found myself nodding all the way through this. Many of those things you mentioned are mathematical literacy issues expressed in financial terms. They are a good litmus test. If someone claims they have any type of investment competencies but cannot do those simple calcs, there's some over confidence or cognitive dissonance going on with that individual. One area I've developed to suit my risk profile from a completely ignorant position was managing open positions and managing reinvestment of returns. That framework has improved changed how I approach the equities market, resulting in better outcomes I understand, rather than "How did that happen?", whether it was good or bad. Cheers, from Australia.

[@batardglouton5455]

I started investing in VEQT when I was 27, I only wish I found your content earlier. Later with the podcast, you introduced Larry Swedroe and his book on factor indexing, who also changed my views. I listened to a lot of RR since then and it made a huge difference in my discipline, risk assessment and understanding. - A proud member of the NCP team (no couch portfolio)

[@batrarohit1]

🚀

[@fluffyscruffy]

Ben, you are the GOAT in this niche of YT. Thanks for your amazing work.

[@user-gg4xn9lb6h]

TeXtMe DiReCtLy🤙🤙🥶🥶.....,

[@IndexInvestingWithCole]

At first I tried making videos explaining why certain investing channels shouldn’t be listened to. But there are simply way too many and hundreds more coming all the time. So it’s much better to simply teach people financial literacy so they can spot those channels themselves. Great video Ben 👍

[@jonastronaut2942]

Came for the smile, stayed for the financial litteracy.

[@mustapha-4322]

Good to see you again Ben! Thanks for your great and informative video's! Greets from Morocco🇲🇦

[@kaziknybosman4739]

Greatest decision of investing is providing the contemplatory influential respond from variation which comes as leverage and immersive governing

[@1990apoorv]

Respect from India 🇮🇳 and thanks sharing this content for free.

[@azhp42069]

Always glad when you drop a video!

[@musicloveranthony]

Impressive video. This is the only financial/investing video I’ve ever added to my favorites. Bravo and thank you

[@JustinJonesLi]

One interesting observation about optimal levels of financial literacy: the way you described it sounds like a point-in-time consideration, and taken this way, an individual's optimal level of financial literacy might vary over time. For example, one's financial literacy needs may decrease over time due to past financially optimal behaviour. On a population level, average optimal levels of financial literacy may increase over time due to diminished availability of pensions or social security

[@DeletedDenizen]

It's okay to pray the choir; us in the choir struggle to help get family and friends to learn about making good financial decisions! Thanks for sharing 💜

[@tzuhan_yen]

You have already made HUGE difference!

[@me0101001000]

I minored in business in college for this exact reason, as well as learning the fundamental rules for starting and managing my own company. Those of you in college or are going to go to college, particularly those of you in STEM, you should sincerely consider a business minor. You learn accounting, marketing skills, communication skills (something a lot of scientists and engineers tend to lack), and of course, management techniques, which become particularly important if you go into industry or the startup setting.

[@nickdoyle-achievefinancial2464]

Great video! It’s shocking 2/3 people don’t know these. Thanks for the work you’re doing to help!

[@AlexFlavell]

Ben hits another home run 🔥

[@jandub7569]

Great content as always. Your videos shaped my point of view over the years.

[@georgezuwala7075]

Ben excellent video., Can you imagine Ben going into the school system and educating the youth with this type of thinking. Instead of learning about some useless subject they could learn this super knowledge because money and good decisions matters more than some history event. The future of these kids would be much higher. Over confidence is very important and yes so does Fear of missing out.

[@DanielsPengetips]

Great video as always, Ben. I like that you included the test and took time to talk about each question.

[@foobar9220]

I do not think that having too much financial literacy is really a problem. Yes, one might invest more time than necessary. But all the important things can probably be taught in less than a single day. If we would dedicate one day per year in schools to financial literacy, it would be a huge gain for everyone without really impacting any other knowledge.

[@BTrain-is8ch]

We already do that. We dedicate many days per year to constructs that amount to basic financial literacy in school. Four of the five questions in this study are basic, grade school, math in the US. It's not that people aren't being taught the tools to make rational decisions in the space.

[@foobar9220]

@@BTrain-is8ch I know this is very basic math but I think there is a difference between being taught the math and being able to apply it to practical problems. One needs to practice application just as well or the mind will not make the connection between what happens in the class room and what happens in life.

[@sagarshah4214]

Your videos are so good that I have notifications enabled for only your channel. Thanks again for sharing this information!

[@mackerel2002]

Same here

[@robertbones326]

Ben Felix is my favourite smart person. Make this man president!

[@Drazzziin]

Love it, when you upload a new video!

[@blurabbit6476]

Can you recommend a study guide for financial literary please?

[@doneflounder7086]

What a underrated chanel

[@abhipatil4844]

Good one

[@alexmason9397]

Thanks big man Felix, I use ur videos as a great source of academic studies for my uni essays

[@friedec3622]

Schools should teaching us this. Why no schools teach us? Business and economy class also doesn't teach us. Many people see money as evil. Even though they need money to survive.

[@juliandafintri5691]

Hi Ben, Thanks for all your videos! A nice topic for a new video would be currency exposition. I live in Brazil ... we have a strong currency flutuation ... how should we deal with it considering our portfolios. Thanks!

[@ivanreii]

beautifully presented, agent 47

[@gormanthomas8135]

Another terrific video. Thank you. You referenced concepts Dunning-Krueger researched. They are some of my favorite.

[@mackerel2002]

I like the dunning Kruger effect, it's always good to keep in mind both sides of it. I try to ask myself something like: is this something people have spent a long time learning or training? Have I spent a long time learning or training in this thing?

[@aldosilva6]

A very nice video as always.

[@neilmacritchie]

Financial literacy should start in the classroom with Ben Felix videos.🙂

[@al1395-y3d]

"Financial Bull Shit" You learn something new every day~~

[@bp56789]

Promote your podcast more. It's amazing.

[@livelucky74]

It boggles my mind that people can not correctly answer those questions. That is stuff we learned in high school.

[@michaellugert6969]

Your most important investment should be investing in yourself.

[@Shelf_Improvement]

Even though I could answer these questions, I really feel financially illiterate and I'm not sure how to improve my literacy. Really wondering how to educate myself other than watching KZbin-- and sometimes I'm not even sure which channels to watch, though I try to stay away from the flashy ones.

[@robinimpey101]

It's seems "we" are either becoming less literate or less disciplined, or maybe both, when it comes to our finances. Thanks for the great video!

[@tom6039]

One of your better videos

[@123hotdog111]

Great video. Very direct and right on point.

[@kevindaoust6192]

I find this extremely worrying, as I do not consider myself financially literate by any means, and yet these questions were incredibly easy....

[@739jep]

Was not prepared at all to hear you say ‘Bullshit’ 😂 nearly spat out my coffee 😂

[@larryjones9773]

Ben is getting feisty. Who knows, he may grow his hair long and dye it purple. Canadians are getting cocky, since our country is going down the shithole.

[@eynsai]

Thanks to Ben for consistently delivering great videos! I've got a point of constructive criticism to make, however. I've noticed that some of your videos contain white noise in the background. Have you considered using some form of noise suppression? If you use OBS to record your audio, it should have a built in noise suppression filter which you can add to your audio processing chain. Krisp also offers a standalone noise suppression software for free.

[@MaritsaDarman]

The second question you buy less because of shrink flation for instance even if you make double the price of a bag of chips will be the same but the contents lower

[@CleverSmart123]

Great Video as usual

[@maximilian_k.2453]

Easily scored 2/5 there, which is at least 95% or something. Not even Wallstreet can put me up to a real challenge...gonna go invest in some Cryptos now, this is not worth my superior time after all...

[@jb_makesgames2264]

Thanks a lot of good stats. It would be good to provide users with resources that would improve their financial literacy.

[@dav0625]

Excellent, thank you Ben.

[@domkaz1669]

Appreciate your videos, thank you very much!

[@BTrain-is8ch]

What I heard is that anyone that has completed grade school level math in the US and probably much of the industrialized world should be financially literate by this definition. The final four questions, enough to be considered financially literate, were just grade school math questions. I won't say the first question was common sense but we do have a saying about not putting all your eggs in one basket...

[@nafaamrb1298]

Thank you for your work Ben !

[@zzzzzzzzzzz6]

Off-topic question: Is it likely that much of the incredible stock performance we've seen over the past century is driven directly by massive population growth? There's been a ton more people created (who need to consume but don't start life owning land / stock) who are doing a ton more work than 50-100 years ago. But at the same time this trend is unlikely to continue much longer in many countries such as the US.

[@PapaCharlie9]

It's more about productivity like GDP, and since productivity grows if the population of productive people grows, it follows that population correlates. This means that countries experiencing declines in birth rates or even actual population, new ways of being more productive per capita would be necessary to sustain historic growth.

[@spbennett88]

The more I learn about investing and finances, the more I realize I know nothing about investing and finances.

[@user-gg4xn9lb6h]

TeXtMe DiReCtLy🤙🤙🥶🥶.....,

[@joseraulmachadofernandez9744]

Love your videos Ben. I have a question: What’s the difference between XUU and VUS? Why is the first one priced 0.08 and the second one 0.16? Aren’t they basically the same and when should I choose one over the other?

[@user-gg4xn9lb6h]

TeXtMe DiReCtLy🤙🤙🥶🥶.....,

[@niranmojo]

Watching a Ben Felix video is worth my time. Hit the like 😊

[@earlh]

Other than financial literacy, I would also add financial discipline.

[@michaelluttmer2486]

< Thought he was semi-financially literate. Learned he is not. Got some studying to do. Great video as always!

[@jyae7777]

I love how ben clearly can grow a full head of hair but chooses to remain bald

[@user-gg4xn9lb6h]

TeXtMe DiReCtLy🤙🤙🥶🥶.....,

[@singlespeedeats745]

Unreal video!

[@linusverclyte4988]

Financial literacy = watching this channel = regularly buying broad, globally diversified index funds or ETF's and never selling them until retirement. Am I missing something?

[@darioparziale9980]

@Ben Felix can you share the source of the modeling estimates suggesting that 30-40% of the wealth inequality can be attributed to differences in financial knowledge?

[@JesusRodriguez-ku9kg]

Hi, Have you ever talked about cash etfs such as HISA or HSAV? Seem like a good option for a fraction of the fix rate portion of an index portfolio along with bonds to reduce volatility. I would love to hear your opinion.

[@deanoakie723]

Love your content! However, I want to suggest to upgrade the audio quality to the next level by reducing the static noise, which is possible just by applying free software without any significant investment aside of a little time.

[@acerlagonda3537]

Are you still going to make a video on how money printing is not inflationary?

[@ICantSpellDawg]

The thing that bothers me to no end is: I want to pay off my house But I prefer paying simple interest on a low mortgage rate and compound investing the money that would otherwise be paying the home off faster. I'm instead going to pay additional principle as a component of my bond allocation rather than as a component of my stock allocation. Smart? Dumb? Dave Ramsey would say. Being a slave to the lender, but I can't rationalize how paying off the mortgage at light speed would be the better option

[@SuperFlamethrower]

Numeracy is like literacy - it's understanding of numbers and math to a level necessary for navigating everyday life (literacy is understanding of written words to a level necessary for navigating everyday life). How do people navigate everyday life without numeracy?

[@ivanmile78]

"I hope I’ve given you an appreciation for financial literacy" 😁 pun intended

[@user-wr4yl7tx3w]

Always a great talk.

[@IncomeBoost42]

My key takeaway: ‘Financial bullsh*t’ is an academic word!

[@thomas6502]

Thank you Ben!

[@webentwicklungmitrobinspan6935]

i am amazed about the amount of people (or lack of people) in germany investing in .. well anything, realy everyone seems so fearful about risking a few bucks

[@luanares]

Great job Ben!

[@cobrafinancialsolutions1039]

Great video!

[@LuisLancos]

if we want to invest in Financial literacy, what are the best on-lines courses to look at ? what would be your advice ?

[@icemtel]

Great video as always, but I'm afraid it's too heavy for those who need a helping hand on financial literacy.

[@user-gg4xn9lb6h]

TeXtMe DiReCtLy🤙🤙🥶🥶.....,

[@miguelalbert]

Hi Ben, Do the forecasts of Russell Napier change your diversified strategy? As he states that inflation is going to beat real growth for the next 15 to 20 years. Thankyou

[@user-gg4xn9lb6h]

TeXtMe DiReCtLy🤙🤙🥶🥶.....,

[@mackerel2002]

Thanks, great content as always

[@BiesTV]

Great video, as usual.

[@brock8232]

I will never own stocks in my employer’s company unless they given, for free. As a layman I see little advantage with limited knowledge to owning individual equities

[@bogdanbliznuk7355]

I disagree re the second question. Doubling gross income is not equal to doubling net income!:)

[@implied321]

Hi Ben, idea for next videos. Volatility as an asset class and diversification benefits if it has against equity/bond portfolio

[@implied321]

Fake Ben.Scammer

[@darius2640]

I save >50% of my income and know I should invest in S&P500 but I really want to buy first apartment as soon as possible Im already too late and lagging behind so Im afraid to put it in stocks for long term and instead hold cash or bank saving accounts, that lose my savings to inflation (20+% in my country) I know Im nowhere near able to buy a $200k apartment but I can't make myself believe that I wont have it for 10 more years so I can't mentally imagine locking up my money for that long. And I dont even want to put fraction of the money away cause what if I come up just that much short. Am I one of the illiterates?

[@Lawliet734]

My source of financial literacy is Jeremy Lefufu.

[@rexmundi273]

Sarcasm, I hope.