Investment Analyst Reacts to Investing TikToks (Part 4)

[@ThePlainBagel]

Happy Friday everyone! Use the following link to sign up for Morning Brew's awesome newsletter: morningbrewdaily.com/theplainbagel

[@Ryan-xq3kl]

I have been using crypto borrowing and lending platforms since 2020 and I wanted to say that I really liked your point about why the 20% fixed yield on anchor or anywhere will really never last. In general it is incredibly hard to keep a stablecoin portfolio higher than 10% yield throughout the entire year. There are common situations in DeFi where people will increase the yield much higher artificially through platform fees and treasury re-distribution but they could never deliver that yield in the situation where they were solely profiting from the fees generated by stable coin liquidity pairs. Not to mention anchor depended on LUNA which had a backdoor in it allowing users to mint stablecoin for LUNA which essentially enabled a liquidity crunch that robbed LUNA holders of all their value in the end. It truly was the absolute worst way to get yield on your stable coin, not to mention the coin was not stable at all.

[@depreciatingasset]

Hi plain bagel, I didn't get you. If you don't sell ur btc to dollars, it's not taxable. If u don't sell ur gold or stock or house, it's not taxable. So if government was gonna tax ur btc u sure can say I don't have it until u die or bequeath it and it has step up basis

[@Liam_Daly]

What do I do with my friends that are like this? I work in finance, but no matter what the hell I say they still buying a Bitcoin and crypto and crazy s*** like that, and I hate to say it but I kind of enjoy watching them fail, because they're so arrogant and rude about it, thinking I'm an idiot who's going along with the system, but I do hate seeing them lose a lot of that money, so what do I actually do?

[@IrOfLaTtHeMoOn]

This video aged well, I wonder how the dude is doing from selling those NVDA calls XD

[@alexbsu]

So Nvidia was a good choice, he just was a long term investor.

[@perochialjoe]

"Just get $100,000, put it all into one company, and start selling options!" Or... I could keep doing whatever the hell it was I did to earn $100,000 of expendable income.

[@brianadjetey7008]

LOL

[@runescapefan0001]

Just get $1 a million times

[@iiiiiifggffggffgfgfg]

Just be born rich.

[@runescapefan0001]

@@iiiiiifggffggffgfgfg I think its RNG you'll have to keep restarting until you get the born rich trait

[@ryanmaris1917]

Exactly what I was thinking.

[@yugfus]

Investment Tik Tok feels like watching a bunch of kids who watched Wolf of Wall Street one time, then felt like they understood the financial industry. Lol 😂 😆

[@no-one_nobody]

It's ironic that The Wolf of Wall Street is about the stupidity of the industry

[@yankees29]

It really does. My buddy worked at Stratton Oakmont for Jordan straight out of high school. I heard so many of the stories in the movie years ago. 😂

[@skweedom]

Thought the same

[@JalanJalanAjah]

[@minigunnboy21]

They should've watched the big short instead

[@finitevoid953]

the confidence they have is terrifying

[@steamedbryce]

Dunning Kruger in action

[@Aquatj999]

To be fair, probably a decent percentage of them aren’t actually confident in the advice they give, and are either attempting a pump&dump or selling BS courses. They know it’s BS, but they’re sure able to pretend otherwise…

[@bigchum3984]

Liver king level confauxdence

[@1197540k]

@@steamedbryce oh I love that coffee maker. With its little pods

[@ve2vfd]

Confidence or bad acting for a social media platform?

[@DesignYourUniverse]

"I think it might be good that we're having a market crash, I think it's healthy" The best comment I've heard in a while, LEGEND

[@TheNaldiin]

Line can go down is a lesson many refuse to learn.

[@rickylau7071]

Joseph Carlson said similar thing in one of his previous video when he reacted to a tiktok

[@Nohandleentered]

Quote of the year

[@abetts123]

Almost made me spit out my coffee I’m laughing so hard right now

[@abetts123]

Absolute legend 🎉

[@Alex-xl4xe]

"The moon is a lot lower than I thought it was" is now one of my favourite quotes next to "If at first you don't succeed, lower your expectations so it's a pass" from stuff made here.

[@rockatanescu]

Moon, moor, easy to confuse the two :D

[@haleyw5677]

My mom works as a partner for an investment firm, and she made the decision not to invest in moderna years and years ago. with hindsight it obviously would have been a successful investment, but with the price they were given and where the company was at that point, she still stands by the decision because if she invested in all the companies that presented like moderna did and did it for long enough, the losses from that strategy would be more than the gains of a couple amazing outliers. I feel like this is an important mindset to have to avoid making bad decisions to try to rectify what you see as mistakes. Sometimes the right decisions have unlucky outcomes, and sometimes bad decisions have good outcomes, but knowing how to modify your future decisions means being able to separate your reasoning and the statistics from the actual specific outcomes

[@67hoursAndCounting]

just like Blackjack, when you hit and bust, you should still feel good if hitting was statistically the correct choice

[@matthewheath7839]

It's all in the mind. Control your own emotions, and understand those of others in the market, and your returns will be 80% better than the market

[@Diggler569]

​@matthewheath7839 Nah, stop it. Even if you understand others that doesn't mean you're gonna have better gains. You're sounding real sus right now and kind of of grifter like.

[@constantine2197]

Yeah it's basically like poker. You can't be results oriented. Sometimes the right call doesn't net you the pot. Sometimes the bad play does. That isn't the actual justification for the play. The play is either statistically solid or its not. Just because it worked once, or didn't work once is overall irrelevant to the average win or loss of the play.

[@oldleatherhandsfriends4053]

New companies are always a gamble, even more so these days of people starting companies just for investment money and not to turn a real profit through product and services.

[@DioDiablo702]

"Pull money out of thin air" "Just take money out of your equity." Sounds like a good idea.

[@BassLiberators]

His exact strategy is how Dave Ramsey went broke lol

[@wendynoble6545]

I mean you could, but having a bunch of properties that you own massive amounts of money on just means you have a lot of debt that eventually needs to be paid back. Your house of cards will come crashing down.

[@hafizbhuyan4473]

But but but...that one guys has seen it. It's got to be legit, his word is pure trust. 🙄🤣

[@randomdeliveryguy]

@@wendynoble6545 Just don't pay it, man. Tell people you lost it in a boat accident.

[@SadSackGaming]

I was hoping to find a way to take my mortgage to owing 100% while taking on a brand new mortgage for another house and then another. Who knew I could ruin my life right out of thin air!

[@Noisemaker50]

"8:00 AM: arrive at office, 9:00 AM get hype, 9:30 market opens" so this guy spends an hour and a half every morning dancing around his office. *this* is true sigma grindset

[@maverickfalcon4856]

Pain just pain 😂

[@R3lay0]

It's called workout and doctors recommend it

[@ghostoflazlo]

He went full retard and we all know you shouldn't do that

[@gavinjones1785]

Thank you for pointing that out! I kept wondering what he did for the hour between getting to the office and getting hype. I thought he was doing some chin-ups or cooking up egg yolks and egg whites.

[@GeeEee75]

​@@R3lay0It's usually not done in a suit and tie tho.😬😂

[@aidanwarren4980]

Every real estate hustler says the same thing: buy a property, let it appreciate, then sell it and buy more properties. It reminds me of a bit from an Asimov story: "You're weak on logic, that's the trouble with you. You're like the guy in the story who was caught in a sudden shower and who ran to a grove of trees and got under one. He wasn't worried, you see, because he figured when one tree got wet through, he would just get under another one."

[@devinward461]

That's an extremely apt comparison

[@GeeEee75]

I think the idea is not to sell but to borrow money against the increased equity, however you risk the interest rate increasing or the property market crashing, amongst other factors.

[@PoisonedSnowx]

Richard, from one licensed associate to another, thank you for your work. Your videos are so entertaining and also helpful to retail investors.

[@matthewheath7839]

Very valuable

[@armandoaraujo7289]

"First you're gonna have to save $100K" Lmao

[@colinb8332]

And the fact that you have to do this all in 5 years and that’s the first step lol

[@JamesV1]

It’s okay, he put “hardest part” in brackets so you know it’s difficult

[@talcooper7606]

Yah but Nvidia tho

[@PowertoProtectYourPeace]

'The moon's a lot lower than I thought it was.'😐 You have perfected the casual deadpan delivery!! 🤣🤣🤣 But 12:30 is true 'deadpan' proud.

[@hwadeiv]

As someone who is finra registered and will be entering the industry as an Financial Advisor..... I appreciate the fact that you are one of a few yt creators that educates their viewers on the market, rather than being a glorified salesman. Richard I appreciate the work that you do and the honesty you uphold. I recognize that you only have education sponsors such as morning brew or etc rather than some trading or Investment app......

[@ILoveConsolidation]

Bet your job is hard due to tik-tok creators like this. Like a story I heard of a couple coming in and asking to dump their entire retirement account into a stock that had just risen 400% (Peloton).

[@GeeEee75]

​@@ILoveConsolidationSMH. I used to work in superannuation (retirement accounts here in Australia), and heard similar stories about people who thought they could manage their investments better than the people trained and paid to do so on their behalf.

[@darrendube7379]

"You don't have a tax liability because you only pay taxes when something goes up in price"😂😂😂

[@Michael-ok6pe]

"The moon is a lot lower than I thought it was". I'm dying

[@Azel247]

A 20 year old who received millions from his parents and happens to trade some stocks is not the same as a stock market millionaire... but people who buy the course won't know that

[@juniorbitare-hebert6711]

the people selling the course are unlikely to receive millions, cuz they would already be rich and the criminal risk may not be worth it. The people selling the course generally make their money by selling courses. The guy seen in the video prolly rented 2 lambos, for a day for 3k, 1 helicopter ride for idk, an airBnb, prop money, a fake watch. With those, you could easily pretend to be rich, especially in an 8 seconds clip.

[@canorth]

30 second video advice that starts with “save six figures” is funny. As someone who worked for his savings, by the time I got to that amount, I sure as hell wasn’t getting my financial advice from tiktok.

[@tomlxyz]

There might be some kid with rich parents who just gets that amount of money

[@Lonovavir]

At least he let us know outright not to take him seriously.

[@Smoove_J]

That $100k would be worth about $60k if you bought in at the start of the year.

[@kirkj101]

"How to tell a person has never worked a day in their life"

[@HanyHaniness]

This reacts are not just funny, but they are actually informative & act as warnings for a lot of people. Please keep them coming

[@Tristan-Raisch]

Real estate bro just straight-up described the lead-up to the '08 financial crisis.

[@rossamullen5918]

This year, I invested in pumpkins. They've been going up the whole month of October and I got a feeling they're going to peak right around January and, bang! That's when I'll cash in

[@rossamullen5918]

Definitely, I’ll just message you my bank log on details

[@Lonovavir]

I invested in tulips, that market's going to come back..... anytime now *Looks at watch*

[@lifelonglearner1863]

@@Lonovavir thinking about condoms, as feb coming up.

[@cjped87]

Homer, I keep telling you... You have to sell your pumpkin futures BEFORE Halloween!

[@g9312]

@@cjped87 before halloween? This bot forgot to update his script

[@nrpbrown]

The subtle zoom and thousand years stare as you watched the the guy talking about pulling money out of thin air killed me

[@MongooseTacticool]

That kid never heard of 2008.

[@Jos_Louis]

LMAO. These Investing Tiktoks reaction videos give me life. PLEASE, Don't stop these.

[@MouseSPAL]

Wow that one about pulling equity out of a property made me wince. Before the Great Recession in 2008, I was a kid listening to a radio commercial with my dad about how everyone should take equity out of their house because it builds up every few years. I asked my dad, "How does that work?". He couldn't explain it all that well, but enough for me to understand that it wasn't "free" money. Even as a kid, the idea of a house magically growing money which then someone would give to you with no strings attached didn't make sense.

[@Christopher_TG]

Yeah, when people say "take equity out of your home", what that means in practice is to borrow money against your house's appreciated value. In other words, take out a second mortgage. The problem is that taking out mortgages on existing holdings that you likely already own money on to buy additional real estate is an extremely risky strategy. All it takes is one housing market correction to completely screw it up and leave you saddled with an immense mountain of debt that you have no way of paying off.

[@GeeEee75]

​@@Christopher_TGCorrect. Plus you risk losing the roof over your head.

[@BenjaminAbrahamNYC]

"I think it might be good that we're having a market crash" I laughed and this is despite my realizing a 20-30% loss to put a down payment on a property last month.

[@GeeEee75]

As far as housing that you're actually going to live in goes, it's better not to think of it in terms of an investment strategy.

[@SmudgyRules]

“When shares are so popular even your barber starts talking about them, it’s time to get out of the market.” Totally agree - a market crash might be the cathartic recalibration we all need, to get rid of some of the hype and the totally irresponsible advice. Thanks - your videos are awesome!

[@metalmikenz]

Possibly the cruelest thing ive ever written on youtube, but watching you die inside with the real estate "strategy" is hilarious. I agree. A market crash is needed! And some of these people need to be held liable for their bullshit.

[@contenteater]

Eat The Stupid 🐑

[@MrTextappeal]

Some of them should be in jail

[@bentoomet8805]

@@MrTextappeal that’s the real problem. The second you put on a suit and have a contract, it’s impossible to put you in jail no matter how badly you ruin thousands of peoples lives.

[@ren5397]

Thanks to watching a few videos on the FTX scandal my feed is now flooded with financial influencers. So glad this video came up, it’s refreshing to find someone who’s actually qualified. Sticking to your channel only!

[@michaelgeorge4643]

There's many channels like this one out there. As long as someone doesn't promise any type of return, and has ACTUAL industry experience, they will have an informative channel. Personal finance, or at least real personal finance, is incredibly boring

[@Christopher_TG]

If you're interested in sane finance KZbin channels, I would also recommend Patrick Boyle and Money & Macro

[@drowze_]

Benjamin did a video where he actually bought that “trading course” at 10:30, which basically ended up being buying risky calls on QQQ, and basically only worked in this once in a lifetime tech bull run. I imagine it’s gotten absolutely crushed now. The trader also admitted he only used a $50,000 portfolio- not enough to finance that Benz, that’s for sure.

[@westboy52]

"The moon is a lot lower than I thought it was." -The Plain Bagel, 2022

[@famsaun3357]

I can’t help but notice that TikTok seems to be like all those get rich quick infomercials I saw as a kid on weekends in the 90’s.

[@IndexInvestingWithCole]

Hey Plain Bagel, wanted to give you a heads up that Morning Brew is a scam, you don’t actually become a cup of coffee

[@fakealias]

I’m expecting a Plain Bagel exposed video coming in the future.

[@totallylooney8292]

And I have tried to eat him, but he is not actually a plain bagel.

[@TheNaldiin]

Patrick Boyle and Plain Bagel drama over CoffeeZilla! Class actuon lawsuits over who is Boss Bean!

[@totallylooney8292]

Who is drinkable? Who is edible? What is Boyle doing here? We may never know.

[@DominicGreene72]

I appreciate this joke

[@athena2824]

You have a hell of a poker face. When I heard 20% returns I audibly “ooof”’d and you barely flinched

[@melsoderlund3379]

Can you do a video about your experience becoming a CFA, the amount of effort it takes, and how it’s been beneficial for your career?

[@xrisan8osproto]

Would really enjoy this as well!

[@Nierez]

I'd be down for that

[@ShaggyGriff96]

I third this, it is the current career path I am exploring.

[@AM-on5ql]

Finance professional with finance master degree from a top european business school. I failed level3 (never failed any exam in my studies before). My advice is to NOT try cfa. This crap is beyond difficult and to be honest mostly useless.

[@KFGustavo]

"I think it's good that we are having a market crash. I think that's healthy" simply got me

[@HowMoneyWorks]

10:40 you don’t punch air at 9AM?

[@ThePlainBagel]

I'm more into playing air guitar to Thunderstruck whenever my positions are up 0.5%.

[@agent0422]

Most of Tiktok financial advice is just "commit fraud" at this point

[@deepaktora5963]

How to become rich guaranteed: Step 1: Just start a successful tech company. Step 2: Become rich. Don’t understand why more people don’t do this.

[@mitchprime9202]

Ray Dalio CEO of the largest hedge fund "Continuously achieving alpha in financial markets is about as likely as winning a gold medal in the Olympics" Some clueless teenagers who have no idea what type of economic environment where in, or the cause effect relationship of fiscal/monetary policy. "I'm about to share my secret that generates 200% monthly" Plain Bagel said it best, we needed this pullback in a big way.

[@marjac82]

I just looked up the house buying guy on the Miami-Dade property tax roll.... Let's just say I didn't see his name as the owner 😂😂😂

[@areichental]

I remembered seeing that video before the tera crash and thinking, damn kid that still seems like a terrible idea. Hope he's ok but yikes.

[@zhanghenglai]

Of course his name isn't listed as the owner. He holds his real estate in multiple LLCs held by shell companies in the Bahamas to limit his tax liability. Probably. /s

[@zhanghenglai]

Keep these "Investment Analyst Reacts" videos coming! You should keep a running list of the scammers you reacted to, and do a follow-up series two or three years from now to show how they're doing. I'm sure some might've scammed their way to moderate wealth if they were quick to jump from one unsustainable financial fad to another, but would be interested to see where most of them end up.

[@RK-tr4xk]

The delivery on "that's unfortunate" was hilarious 😂

[@zmack1830]

"The Plain Bagel" host........The Man.......The Myth.........The Legend!!!

[@lidarman2]

I wish we could get more videos like yours onto the eyes of those people who fall for those plays.

[@MountRushCollymore]

Trying to find more people like you who are realistic and honest instead of the constant fake youtubers who run off hype and selling a dream. Nice job man.

[@gregorijenkins7979]

Thanks!

[@keijidash9646]

6:19 it’s funny that ANKR gets mentioned in this video because they just rug pulled ANKR Protocol 17 hours ago. Homeboy got robbed major and he’s probably gonna lose that house. Future of finance!

[@bricksmitty]

Spit out my drink with "the moon is a lot lower than I thought it was." LOL

[@Spoopball]

@5:53 Talking about using crypto to buy a million dollar house... "Just enough to cost the monthly cost of the mansion" Doesn't talk about the fact you have to pay taxes, bills, and fix the house whenever anything goes wrong.

[@BusterDarcy]

“The moon’s a lot lower than I thought it was.” 😂🤣💀

[@notbradpitt2802]

Love your videos! If you're looking for future content ideas, I would enjoy learning about other financial investments/risk that aren't related to the stock market. Like additional or higher level education. Is it worth the cost, when is it worth the cost, risk associated with it. Changing careers, starting a business, side hustle, etc. Even topics related to financial fallacies like "You get what you pay for/price is a reflection of quality" or "Sunken cost".

[@whatevernotmatter18347]

Seeing a calm, reasonable man say "i hate that" tells you a lot about something

[@dangelosylvester6897]

I love these, wish they were done in a longer format. I can’t be the only one that wants this.

[@JerCook]

For anyone who didn’t understand the term idiosyncratic risk that he used, he is referring to firm-specific risk. So when you only buy shares from 1 company, you open yourself to a whole lot of idiosyncratic risk because your portfolio only has shares from 1 company it. The reason why this extremely risky to do is because you are exposed to anything that happens to that one company. If NVIDIA (example he used) goes bankrupt, then you lose everything. This is a type of risk that most people shouldn’t be comfortable with, especially if it is generating the same returns as the market. Might as well just invest in the market as a whole at that point so that you’re only really exposed to systematic risk (market risk).

[@geoffreyshepler4954]

The high energy music of those til toks really make them legit.

[@esbenskovrasmussen9066]

The video at 10:30 is one of my favorites shorts it looks like a child found his dad's suit put it on and pretend to be his dad at work with out knowing what his dad really do. Just like most of us probably did as children.

[@WoodT92]

6:30 I’m not trusting anyone whose laying on their bed with their feet up for financial advice

[@ata38-30]

"THE MOON IS A LOT LOWER THAN I THOUGHT IT WAS"....Richard, please make that a t-shirt and I will buy LOL

[@drgreenthumb8038]

Really liked it! Watched the whole video. I'd love to see a part 5 in a couple months!

[@lightmusicguitar]

Crypto went to the moon, but it's the moon from Majora's Mask.

[@ThePlainBagel]

Underrated comment

[@0xstoney]

Whenever you hear that tiktok background music, you know its good stuff

[@lebohanghlapane250]

8:40 This is what happens when you ask ChatGPT to reference Rich Dad Poor Dad, in the style of an 18-year-old who has little to no knowledge about finance.

[@Comicallycanadian]

came across this in my feed, was refreshing to watch someone call out the scammers on these platforms. keep up the solid work!

[@jamess359]

TikToc reminds me of inexperienced real estate owners back in 2007. People really do lack awareness, in all aspects. The Plain Bagel, you are one of the exceptions. When you hear/see something, you take time out of your day to properly analyze what you've been told/heard. You take time out of your day to understand ALL ASPECTS of what you were told/heard.

[@obeyabe8613]

Perhaps the true Fintok was the friends we made along the way

[@nj8833]

Oh my god that last one was an amazing palette cleanser. Humility about personal ignorance and failure. And the plug for the low cost index fund

[@jasonquist7185]

“The moon is a lot lower than I thought it was” 😂😂😂 Legendary!!!

[@notrichchris]

"The moon's a lot lower than I thought it was." Brilliant 😆😆😆

[@Chamelionroses]

Sadly so many fall for ads and bs about investing into scam likeness , legal scam, or investing bs... I agree with all you say.

[@paulmcgreevy2990]

Great stuff. Show this to some TikTok s kids, they will be frustrated. There is a quote in France that I will translate word by word "it is easier to manipulate someone into wrongdoing, than convince him that he is wrong doing". (Maybe not the right English.) But you can't tell them they are wrong, their ego will refuse it even if they think you are right, they will not face it.

[@Christopher_TG]

The English equivalent of that quote is that it's far easier to fool someone than to convince them that they've been fooled.

[@canubeetquad]

No one who has the discipline to save 100k is watching 30 second videos on tik tok for financial advice

[@bradlebowitz9730]

You are so generous with your evaluation.

[@Stocksnstuffcs]

Watching this as NVDA has gone up 10x and buddy sold 😂

[@stereomaster4231]

Lol. The bro who said you just keep pulling equity out of newly acquired rental properties.. it's just that simple folks! He does know each time you do that it impairs cashflow for the original property since you're doing a cash out refinance, right? Plus you need to worry about actually managing those properties. I own a duplex and I told my good paying tenants I wouldn't raise their rent this year if they renewed their lease because they pay every month like clockwork and I'd rather have that than a little more money, and they agreed because I'm a good landlord that takes care of their every need. That being said, landlording is tough at times, and can be a bit of a headache

[@ellenripley4837]

It's funny how I'm watching a Korean drama where the head of an investment company lost a lot of money after a failed put options. That drama has basically shown people what not to do when it comes to investing more than most financial influencers have ever done.

[@jmlkinc]

"See the good news is that if you bought Bitcoin when he told you to, you don't have to worry about tax, because you only pay tax when things go up" The smoothest burn.

[@DTFFP]

2020-2021 you are NOT missed at all!! Hopefully 2023 is the sweeper for what's left of those 2 years. funny because at 10:35 the "professional" shows a P/L from Thinkorswim, in which it is the LEAST professional brokerage.. and not to mention the 2 screens with CNBC? hahaha some people just don't learn and won't ever learn.

[@magesalmanac6424]

I really hope you make more of these, they’re hilarious and it’s how I found your channel!

[@nomiscph]

😂😂 “the moon is a lot lower than i thought” 😂😂

[@MurCurieux]

Amazing channel - always appreciate your knowledge and excellent humour :)

[@SanctorumDivinity]

10:42 DAT SUIT FITS SO BADLY

[@Slashscreen]

the look he gave when the guy started talking about buying nvidia options made me laugh out loud

[@dingusfinance8931]

Every time Richard chuckles at someone’s stupidity, you can watch a tiny bit of his soul leave his body.

[@DrThrills]

The best news in the finance world are always objective and have nothing to sell you

[@darrendent8288]

@08:48 As much as it pains me to say it, you are 100% right.

[@ranaypadarath]

Love your content dude - most of all how your camera presence has improved over time! 👏🏽

[@jimmyhook4824]

The IRS is like Paulie from Goodfellas - "Oh, you lost all your money in a boating accident? F**k you, pay me!"

[@penepatitenor]

Your channel randomly appeared on my thread and I thought why not, ive got time… man, this was the best hahahaha the reactions are GOLD.

[@Diggler569]

I clapped at the guy who was so honest about his losses. He is gonna do well

[@Tsirapo]

I saw that Curb Your Enthusiasm coming the second that guy showed up with the mansion idea xD

[@hafizbhuyan4473]

Recently started watching your videos, amazing stuff!

[@Random_Person1023]

9:03 I knew exactly what was about to happen lmao

[@saxassoon]

I love getting hype and talking finance, but I'm also aware of the fact that there are people who make 6,7, and 8 figures a year to do finance as a 24/7 career. There's no way something you do as a lifelong career can ever be explained in 20 seconds

[@brandonstrong6331]

For the first one about crypto...I'm pretty sure capital taxes are realized only when the asset is sold, so if you purchased btc and lost the key you wouldn't owe taxes (unless you purchased it with another crypto asset, but you would be taxed on the sale of the old asset, not the purchase of the btc). Either way, it is never a good idea to try to hide taxable events from the government.

[@katarh]

My spouse is the investment person in the household. He got his undergrad degree in international finance, realized he didn't want to be a Wall Street quant after all, and went into a completely different direction and got a PhD in..... education. But he still gets his investment itch scratched by being the internal household advisor. My retirement accounts are all safely in Vanguard index funds and 403(b) through my workplace (and they're separate from his, because it's important for a woman to have access to her own money.) He has a personal mini small caps fund that he plays with, but it's wholly separate from the retirement accounts, which are just chilling and getting fed on a monthly basis.

[@OfeqOhanaLevin]

12:50 that was a commercial

[@notorious.big.elow97]

Just found your content, it's solid gold

[@yodakazam]

Looking at this now the hate on NVDA as it sits around $880 in 2024 haha...turns out that guy was right 100k in there at the time would be insane

[@juhani6307]

he still would have made more by just by buying the stocks instead of covered calls

[@ngendomuhayimana2158]

The Nvidia guy was on something…. Perfect timing 👍🏿 wrong strategy 👎🏾

[@bomlife1572]

We want part 5 of this