Story Time: My Brokerage firm told me the TRUTH about investing Client MONEY

The Deep Dark world of Rudy's Past....
Iceberg straight ahead...
PATREON : / alphainvestments
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~FAN MAIL~
Rudy's Magic Store
10950-60 San Jose Blvd.
Box # 139
Jacksonville, FL 32223
The following Boxes are available for Patrons this month
MTG- Commander 2017 - 1st wave SOLD OUT
MTG - Hour of Devastation
MTG - Amonkhet
MTG - Aether Revolt
MTG - Kaladesh
MTG - Shadows over Inn
Force of Will - Echoes of New World
Force of Will - Legacy Lost
Force of Will - Return of Dragon Emperor
Final Fantasy Opus II
Final Fantasy Opus III - Late August/early Sept
Pokemon Burning Shadows
Pokemon Guardians Rising
Pokemon Sun / Moon
Pokemon Evolutions
Pokemon Fates Collide
Pokemon Steam Siege
Pokemon Breakthrough

[@nickfraley7584]

Gotta love the place that tell you" you aren't paid to do a good job, you are paid to do the job we tell you to do." Finance is a miserable industry. You see shady people pocketing money while grandma and grandpa need govt. assistance to live their lives. Sorry about the shit experience mate.

[@juggalo184]

I can understand it from the corporations perspective. I mean if you have this low-level guy making recommendations to small client, what's the worst thing that can happen? One of the 5 bonds blows up, the dude takes a 20% loss, and he sues the firm. I can understand why recommending mutual funds is the safer way to go. The big problem is, how can you justify taking a big management fee, and a sales load on top of that? These are bonds, so they already carry ratings. How are you going to do research and outperform the market? Unless they're junk bonds or something highly risky. Active management is worth even less for highly rated bonds. Seems like just another scam to generate fees and create multiple levels of intermediation.

[@ffbotha]

I believe that that statistic is that the vast majority of mutual funds under perform the market. This is very much in evidence with Warren Buffett's "Million Dollar Bet". Too many people seem to be chasing the dream of trying to outperform the market (or selling that dream to clients), when the reality is that if you simply gain on par with the market you're already better off than the vast majority of managed funds.

[@SantyNewLee]

Scumbag Rudy's origin story.

[@sirpandaachoo]

That's actually not how it works at all. You can't sue the firm for taking losses, that's inherent in investing. The big wigs were mad because he put the client in bonds that gave a good yield instead of mutual funds that they make commissions on even though they were not in the best interest of the client.

[@calculatedperspective829]

To be honest this showed a different side of you I have yet to see. Thanks for this video man.

[@kentuckymn4367]

Calculated Perspective yep this was a great video, one of his best imo

[@straw_hat_luffy_]

You should offer brokerage counseling for you top patrons. I found you on Reddit only watch for creepy rudy but if you offered brokerage work for patrons I might actually do it.

[@blazenjestergames4025]

Calculated Perspective Rudy's been pumping out video after video even after 2 blunders mid summer and holiday season last year he hasn't missed a beat and being a long time sub of his I am blown away about how much his channel has grown in just over a year.

[@Ceggam]

Calculated Perspective You should watch his Darkside video it's the second episode of these kind of videos.You get to see good guy Rudy.

[@chasehatchett4756]

Jimmith Farrel unnecessary

[@ThunderousTruth]

Hey Rudy, Just logged in to say that this is part of why I avoided going to Wall Street (or similar culture elsewhere). I currently work at an asset management firm where the partners have in-person meetings with the clients and regular discussions on the phone. It is a small firm, with around 40 clients. AUM is less than $100 million if you exclude one trust which is over $100m. I'm in the unique position where I get to see the accounts for the owners too - many of their trades mirror the trades they make for their clients. It's also fee-based firm rather than commission. Small operation, but I think this is the way to go in the industry if you're going to work there. My job is to do what you likely wanted to do when you joined the industry: find undervalued assets and help people reach their financial goals. It exists, just not on Wall Street! I couldn't deal with the toxicity of Wall Street - especially because most professionals don't even realize how ethically flawed they are. I have a few family members who work in finance industry - one in Goldman Sachs and one who is a financial advisor who lives off commissions. He tried to sell mutual funds at a funeral (shit you not). Loved this video, keep it up.

[@mannkyle]

"You can tell if someone is financially smart if they can make a profit for their boss, you can tell a good man if they choose something else."

[@latestsports-viralsportscl3971]

My Uncle was a stock broker in the NYSE floor. He gave me the opportunity to work in the mail room when I was 18. For some reason I turned it down, and I always kind of regretted it. But after watching this video, maybe I would have just turned into a scummy like those execs.

[@cuter.]

Can You tell the name of the firm?

[@MichaelJ-lo7mz]

14:05 i like the body language during "independent friend" ... you the man Rudy

[@stephengorczyca7624]

I really dig these older video’s popping up in my suggested videos. Didn’t start watching much until a year ago now I’m on every day to see what you post.

[@merlink2158]

You're quickly becoming my favorite youtuber, and I have zero mtg or business/econ/investing etc experience. You're so funny, well spoken, and most importantly personal and real. It's almost like you're hanging out with us viewers shooting the shit and talking about whatever is on your mind at the moment. You do the videos because you enjoy it and have a passion and it comes off very clear. Thank you very much for making these videos. P.S. The gigity and that's what she said jokes are the best and you're timing with them make me laugh every time

[@houseofshadow6380]

This was honestly more of what i was expecting, along with MTG finance stuff, when I subbed to your channel. The Rudy persona vids are fun, I enjoy them, but please do more of this as well. Very interesting topic. Also, I have no formal expertise or learning in the field, I'm just intrigued by it.

[@matthewmans3984]

I actually do not play MTG at all, but these types of videos are why I keep watching. I think you provide a valuable and honest view of the financial sector, and I love it when I see these types of videos in my feed. Keep up with the financial videos Rudy!

[@EdwintheMagicEngineer]

Personally this is EXACTLY the type of video I hope for the most on your channel. I followed what you said and I can understand how you felt. That firm really screwed over that client. That would have not sat well with me either. Yes I'm not surprised about that story, but I still appreciate hearing it. I'm quite sure that many of your subscribers will consider this video boring and confusing because they don't know the financial world, but THIS is one of the reasons I like your channel. I personally hope you do more of this.

[@h8dagr8boone21]

Creepy Rudy has a heart, so he now makes his money hustling cardboard.

[@oostenmusic]

playa gotta play, ballaz gonna ball

[@prjngl2]

Rudy we need a financial education revolution! I very much like these videos! The stories from your career, but also just information about markets in general... also, I'm not surprised about what your firm was doing... I first realized how bad mutual funds are a few years ago (the 1-2% yearly fee compounded by often poor performance). I've been trying to tell everyone I know about this and have them move out of mutual funds but they won't listen. They seem to refuse to take personal responsibility of their finances. These people have plenty of equity, but they rather be passive. It's like they know they're getting screwed but most other people are so it's OK. This age of passive investing somehow working for a lot of people, I don't think can last forever... it just doesn't seem right. Something's gotta give.

[@jorgegutierrez3782]

This was one of my favorite videos of yours, Rudy. I've recently subscribed and I have to say that I love your manner of speaking and your take on things. Keep making more videos and I hope that the store is going well!

[@josephpoirier2258]

Rudy, found your channel and love your content. This particular video was a great behind-the-scenes look at portions of the financial industry. You were a good man to attempt to get the gentleman back up near 5% yield, and it is sad to hear your bosses forced you to unroll it. Unbelievable! These type of financial shenanigans stories need to be told more often. Keep up the good work - I've been in MTG since summer 1994 and have learned from your channel.

[@sith3369]

I started watching videos on your channel knowing nothing about either finance or MTG, I started watching just for a throwaway video or two while I ate (things like the pack openings) eventually got to this video and it was incredibly eye opening and interesting, great anecdote and lesson really, in many senses of the word. Id love to see more of things like this.

[@ShinPG]

I really enjoy this type of video. The insights into your previous industry are definitely informative and interesting. I personally am not surprised by the story. After going over my family's finances, it's clear that investments are often not made in the client's interest.

[@EdwintheMagicEngineer]

I just went back and re-watched this video. THIS is what I love about this channel Rudy. It's so rare to get a window into the people running the financial world, and it's even more rare to get that window from somebody whom has so much in common with my own set of interests, I've had several moments like this myself. Where learning about finance and investment I was exposed to a few details "on the inside" and you see the shady intentions that really do exist. What's crazy is that red pill #1 is discovering the shady world of finance that really exists. Red pill #2 is when you attempt to tell others about it and they don't even care to understand! Some are just lazy, some are in denial, some just have no interest in anything complicated, etc. The closest analogy I can think of is that people are like cattle... raised to be slaughtered and profited from. Or perhaps slaves living in the matrix, distracted by neat things and never realizing that their production is stolen in ways that they just never even fathomed. The most simple example I often give people is the predatory lending that happens with credit cards. People paying 30% interest would be considered a crime if they didn't agree to it. It's RARE for people to ever crawl out of that debt-enslavement when all gains they make shoot right into a pit of debt at 30% and many with their feet in that swamp don't even understand that's where they are.

[@prestongrizzard6416]

Love your financial talks! Keep them coming. It is nice to see an insider's viewpoint.

[@cyber_spock]

If you made a new series talking about hard finance and economics, I would LOVE it. Your channel was influential in my changing to economics

[@dominobastion7488]

Rudy, Thank you! I'm very glad you shared this story. Doing what is right for the customer, is not always best for business. I wish I could stop into your shop and just BS with you. Keep doing you and i'm sure financial success will find you.

[@sorrysock3269]

Gotta say I really like this type of video from time to time (as much as I love watching you throw stuff around). Real-World-Finance-Serious-Rudy is a nice change of pace.

[@obiwon76]

Just watching this in 2023 vs 5 years ago. New to the channel. Very admirable story and puts things in perspective of how you relate your precious work experience to the card trading business.

[@ajbrown1708]

This has been one of my favorite videos. I hope they continue. If you get flak maybe make a separate channel just for this type of video.

[@KyleBaran90]

Thought this was the video about how your boss was buying municipal bonds; cool to watch, I hope you do continue to do more financial stuff when you can.

[@blazenjestergames4025]

Hey Rudy, you know I've been one of the first few hundred if not hundred subs to your channel and I have to say I am blown away how much your channel has grown and I still cannot figure out unless you've cloned yourself how you have the time in such a busy life you have to make quality videos for us keep up the great work brother and 100k is just a stones throw away!

[@hartu-chan9760]

This was very interesting to hear. Would love to have more stories!

[@Habeev07]

Been following you the last few months. AMAZING CHANNEL. Just getting back into MTG. Now that Iam older and never owned a video game console after the PS2, I have an old nostalgia itch from my past. However brief it was. Antiquities, Unlimited, revised (only when Unlimited cards in NM aren't available) Alliances, and all 3 URZA's blocks are what I've been fondest of. Old cards. I wasn't around at the beginning. I quit MTG in 2000 after only playing in 6th grade bc i was too young to appreciate or really just understand the game. Only had like 2 friends that played it. Just getting back into it at age 29 as of 12/17/18. 4 days till I turn 30 XD. I've bought strictly reserve list singles from Card Kingdom, only in NM condition, and then booster packs of Alliance's and URZA's from only established sellers on ebay. Ive been on ebay for over a decade, so quite attune on how to choose the right sellers. So far, every pack passes the eye test after a good WIGGLE AND TIGGLE. YES , I SAID WIGGLE AND TIGGLE.... Thanks for the term Rudy ; ) If they were repacked all this time when I go to sell them in 20+ years, so be it. I got them lying flat in Ziplock bags and stored in a cool dark place. People want the sealed product. You'll have it all - and ill have a LONG LIVE THE RESERVE LIST!! and S.W.A.G: Silver , Wine, Art, Gold... Not a wine drinker but its about tangible wealthy... blockchain is the future. IT IS why 5G is being ushered in. Giggity!

[@TheHuntersKnife]

One of the most interesting videos of yours yet, hopefully you can make a series of videos like this so that those of us interested in the financial industry can learn more about it.

[@Tcharm7]

That was an amazing video Rudy! Really puts into perspective the corruption that goes on in these firms and shows they don't work for the client like people think they do

Missed those types of videos. Hope to get more like this in the future.

[@Kayzizzle]

These are my favorite videos that I share with pellets who don't understand Financial Trading and brokerages. Keep it up

[@JakkHorwikk]

Thanks for posting that ramble and drop of perspective. You're a super genuine dude and the information you offer the viewers is second to none; it's going to lead to a lot of greatness, man, and you deserve every last bit of it. Cheers

[@mrXBLplayer671]

Its so interesting coming back to these videos and story times. Rudy, your rate of floppy taco jokes and step moms in driers while MH2 goes to the moon have exponentially gone up since then, but your wealth of knowledge and sharing it with us has always been invaluable

[@Alok1905]

Very nice video. As someone in a different field without much in common I really liked it. Keep these coming

[@georgeasimakos1744]

Man this is by far one of your best videos ever. Would love to see more stuff like this. Don't dumb it down, either.

[@erniehernandez7263]

I know next to nothing about this industry but you did an awesome job of making the story accessible for me. And definitely wisened me up for the future.

[@chunqingchok5899]

As a final year A&F student going through these financial story time videos with you, it makes me think so much about my future in the finance industry. MORE TACOS!!

[@geozop]

I'm getting flashbacks from working in sales. "Sell the thing that makes us money, not the thing that the customer wants." Maybe they should make money on the thing the customer wants? Crazy idea, I know.

[@souldeluna]

1A Story, Need more of these story times these are the reason i subbed and i stayed because of crazy rudi :=

[@dpetley]

Hey Rudy! These in-depth, financial industry videos are excellent. Please keep them coming!

[@craigharrison1274]

Great video. This kind of content is my favorite you put out. You're looking well, Rudy.

[@Hawkeyepenny]

Great video! I'd like a weekly video on this subject. I do some investing but I do not know all of the ins and outs of that side of the business. Keep up the good work.

[@adyscript]

I’m sure this has been said, but I would love to hear your view of the ‘08-‘09 crash. You make things easier to understand for us laypeople. Thank you so much.

[@ferranmarin]

Loved this story time. Keep showing us this Rudy more often!

[@jameshans7459]

Storytime videos are my favorite videos! So much to learn from your experiences

[@RizzyWow]

I never owned a Magic card in my life. But I've been watching your videos since the start of the year. There's always more to your videos than just the cards.

[@McNuggetBomb]

that pan-out in the intro was straight fire Rudy. keep innovating the game.

[@bobchan5329]

I love your videos. I am always learning something new from them, and Thank you so much Rudy for sharing something close to you and important .

[@shanemcfarland9817]

You could easily make an investment advice 101 youtube channel and just kill it with how honest and to the point you are. Your advice on credit cards, and how to build and extend credit for large purchases should be required reading for anyone in high school.

[@psychozen7169]

Great video. What you get for trying to take care of customer... Problem is they did not value that customer. It why I do business with minimum of two keeps them honest when they only have half your money. It why I think as individuals you should be able to buy what you want. But they tack on trade fees which is also ridiculous.

[@Matteo_the_Plague_Doctor]

I did enjoy the video. I kinda figured something like this happened, or you were asked or expected to do some shady shit in the financial world and wanted out. This isn't too far off base from what I speculated. The technical jargin isn't too bad. I for the most part was able to follow along with what you were talking about.

[@smashog7500]

Rudy, not surprised bro. Stuff happens, and those that have no idea what does go on, need people like you to tell them. Love you.

[@_donny_8708]

Rudy, not super surprised that happened and thanks for sharing. Good insight into the story teller.

[@CytokinesisMD]

I love this story. Exact same experience when I was in finance. But then the worst is coming out and seeing friends and family go to banks and brokerage firms who just hose them down with terrible investments so they can collect their fees. It's soul crushing if you're in the industry and actually care about people. Rather than get 6% like the could the firm wants them to get 2% and the rest goes into M&E and trails.

[@QuixoticNinja]

I'm not surprised. I and It's interesting to hear topics like this. Keep it up sir!!!!!

[@lightsier]

Great video, more of these on your channel are welcomed!

[@firestarterx]

Very interesting and informative video. Big respect not wanting to be a part of a crappy system where they don’t really help the clients to the full ability.

[@groovemedium]

I love that you didn't want to screw people over. Bravo. If I ever start buying new Magic boxes again, I feel ok getting them through you with the Patreon thing. I gotta tell you though, I've been playing less and less paper and mtgo Magic. That's me and my circumstances though. I don't think Magic has gotten worse. I just don't want to spend money on it anymore.

[@L0j1k]

Oh snap I ordered a bunch of Fallen Empires packs from Rudy this past weekend!

[@willnox1]

Hose town!!! Every pack!!!

[@rhynozcerosgaming6852]

I haven't and don't work with the funds or financial company like you. Mainly media and news industry. I loved the video and your insight into the financial world. I love your insight and I find it interesting and fun to listen to.

[@rachelrainbowphoenix]

THIS is why I subscribe to this channel! Thank you Rudy for sharing honest, sensible financial advice and for giving the general consumers a glimpse into how we can protect ourselves from the corporate overlords. Another great vid for my "Sensible advice from Rudy" Playlist

[@nammynammy2307]

The only reason I knew what he was talking about was because of the movie The Big Short. I'd recommend watching the movie then coming back and watching this video. Quite interesting, thanks for sharing!

[@mikeknightofdawn]

Well done! Glad you stood by your principles. I just stumbled upon your channel by chance, but I'm glad I found it. Real Estate is my asset class of choice, but it's great to see what you do with an alternative asset class!

[@Coeurebene1]

I had a similar job in Europe 15 years ago, had to quit after 6 months for very similar reasons. Good on you, hope you're successful with what you do know.

[@Dreadnaught1985]

You are a good human being, and that's way better than being a company stooge. I work in customer service (complaints team) and I'm the first one to admit when our company fucks up, and try to get it fixed.

[@aarodful]

Rudy. I love to see the channel start to discuss investing and see you actually talk about investing. I for one love this part of your channel, but maybe I am in the minority because my 3 big hobbies are economics finance and Magic. I am a weird guy, but this should make it obvious as to why I love your channel. Your story does not surprise me at all. That is the reason I deal with banks as little as possible. They don't make or do anything of real value All they do is find ways to fee you and that is how they make money.

[@Ultravis66]

Thanks for your story! The finance sector really needs strong fiduciary regulation, as it sounds from your story...

[@tylercarr1051]

Love this video I'm just now starting to try and get into the stocks and learning about dividends so I would love to see more videos like this thanks 🙏

[@williammah1605]

One of your best videos. Please do more of these.

[@clubadam1]

Thanks for the videos man. Great story and I'm honestly not surprised at all

[@endtimestcg5146]

How can I put this sad story about money, finances and power into a tcg...? You have heart Rudy! Thank you!

[@jimjohnson7931]

I wish youd do more videos like this now. Ive seen another 1 youve done and these are very interesting 2 me

[@gosisthebest]

I loved this because this reaffirms my own life choices to move away from finance/econ and get into an industry that I have loved from childhood. I would love more of this content ROODEEEEEE

[@joshbaker1864]

100% Respect for the story Rudy. I think I would have done the same thing if I were in your shoes and I would have probably made a similar decision after the conference. I'm happy that you are the person that I watch today.

[@Matt.shogun]

Love the video. I'd love to see some real world investor stuff. For example, MTG is king, hands down but these young kids and older folks need to understand that they need to plan for their future. Collectively find an index fund, with very low fees, and teach us to jump in to it. We spend lots of money on mtg, and we can't place all our eggs in one basket. Having a Jim Cramer financial guru from time to time would help us plan for our future. Love the video.

[@jenciso1337]

Hey Rudy just ran into your channel and I had a similar experience, moved to a different city after college to join a major brokerage firm with the hopes of being a financial adviser. Ended up peddling Blackrock mutual funds for $45k a year and lost faith in the industry. Looks like we're both in better situations now, cheers!

[@dochollowood5763]

Yep, not surprised, insurance work, health and life, some ira, ect ... and boy the monthly statements of the mutual fund trades coming in and the digits of take past the decimal points on literally pages of the way up there "managed trades" were eye openers. Also, perusing the percentages of what the funds and where the funds were invested was something else as well. Pages of computer print outs no regular joe or jane would have clue one what they meant.

[@lordmon8476]

Respect for helping people and standing by your morals... A lot of people would have put their head down and accepted their job was to hose people. Love your vids and I am happy you are a good human :)

[@technonecromancer]

Rudy, you're the man! I've watched a few of your videos, but this one got me to hit the subscribe button. I really like that you mix finance with Magic; that's a unique channel idea and I'm all in.

[@vorteckgf]

Great video, I really enjoy these financial video. Keep them coming

[@jaybyrdcybertruck1082]

i know very little about finance but this was easy to follow you explained it well!

[@danherber7124]

Cool Video glad you are doing what you love!

[@mordnva]

I'm not surprised at all...its a racket. I really enjoy these type of videos, keep them coming Rudy!

[@TheTundraTerror]

Reminds me of that one Simpsons bit where Marge is a retailer and Hutz goes: "There's the truth... and the 'truth'!"

[@scottpinkonoise9945]

You add a very unique perspective. Thanks for the videos Rudy.

[@towelpartypanic]

Long time watcher first time sub to this channel. I'm a student in finance and really appreciate this style of video

[@dralel1381]

Wow! Are those Magic the Gathering packs?! Damn, I love that game!

[@zeddik99]

I'm waiting for a series of Evil Rudy videos where you have a goatee like Spock did in the mirror universe.

[@RickBlood37]

Very fascinating. Love it. All good knowledge to just have.

[@itsPhD]

yep thats why i always advise people not to go with mutual funds, people can just learn to trade their own stocks; thanks for the video i don't play magic at all just like seeing ur pack videos and listing to your financial advice lol

[@Sik111]

I so need to get more familiar with all of what you were taking about. Would love to get some more of my funds working harder for me.

[@L0j1k]

Yeah it immediately raises flags about things people have said to me in the past. This is why I Patreon.

[@juliankirby9880]

David Stoyanov stash, and m1 finance app for the fractional investing win!

[@billable1861]

Genuinely one of my favorite videos you posted. Thats how I felt and a similar realization was made on my end in healthcare. You go into the workforce hopeful and eager but then quickly learn that the system isn't meant to help people it's designed to parasitically feed off the Timmys of the world, eat all their tacos, and leave them at the bus stop with no fare out of hosetown USA.

[@Refix77]

the most genuine wholesome HANDSOME dude i have ever seen

[@YugiohTube]

Without question my favorite video from your channel.

[@Tsunamiis]

After growing up and being an adult for the last 10ish years and reading about the crap that went on during the recession, that still goes on to this day, I'm not surprised at all that you got reprimanded for not towing the company line to the dumpster.

[@vipercrazy9910]

Would like more of these videos, I used to have VHDYX curious to know if it had a dividend fee.

[@nathandrake8476]

Great Video, please more of these

[@marpee6700]

As someone that is about to go to school for financial advising, this video was really interesting and helped me gain some hindsight into the business, thank you Rudy.

[@lucyfaery2505]

After that day, Rudy's morality, like a castle made of cards, became a Fallen Empire

[@MeganeNaoki]

Ya know whatd be cool? If Rudy started a different series on the side about financial terminology and personal finances using mtg analogies or something. Maybe itd be fun! Just a thought and I want to thank you rudy for blessing us with your floppy tacos 🙏

[@goldenepochofmetal3243]

Can you do an in depth video on inside caveats from investing in regular markets based on your experience ? Also an in depth video on why you hate mutual funds :)