Investment Analyst Reacts to MORE Investing TikToks

[@ThePlainBagel]

What was your favourite TikTok? And is there anything you think is worth adding to the reviews?

[@roaringfork]

Don't get financial advise from people born in 2005.

[@connor8018]

I'll add that the matched amount of money on the 401(k) basically doubles your return on the percentages. So even if the mutual fund you're invested in only gets 3 percent you're still getting essentially a 6% return on your original investment from the stock market. It's relatively minor compared to the 100% return you pointed out from the company matching though, which is the main benefit. Also it probably doesn't fit in this video but more information about a 401(k) would be helpful. At least just on the tax advantages and disadvantages even if it's relatively simple. Or just a video on different types of retirement accounts in general and how they work and what to look for in deciding to use one. I really appreciate your videos. A lot of other channels feel like the creator is telling you what to do.

[@gigitrix]

-54% guy has to win, the juxtaposition of the confidence with the outcome and the way you presented it (including the twist at the end) just... brutal

[@BlueSky-kh8ue]

Easily 401k guy... It was amazing how bad that advice was.

[@TheJonathonM]

Stock splits do not increase FCF

[@feynstein1004]

Rule #1 of finance skepticism: If the method they're selling you worked, they would just use it and become billionaires, and thus not need to sell it to you in the first place.

[@svnhddbst8968]

something i've been thinking on, there's (from barclays) proof that betting on people being impulsive idiots is a sound strategy. so maybe some legitimate groups are selling things that encourage stupidity, so bigger firms can bet around it for profit.

[@feynstein1004]

@@svnhddbst8968 That's an interesting idea. If there's one thing you can count on, it's human stupidity 😅

[@divagaciones1628]

That's true, besides, sharing the method defeats its whole purpose, because once enough people start using the same method, it'll simply no longer work. Actual successful investors and brokers are constantly mixing up their strategies because markets are constantly changing, and knowing which strategies work at a given moment takes a lot of knowledge.

[@Mincecroft]

Exactly, if your get rich quick scheme was taking advantage of "hidden" knowledge, then there would be zero incentive for them to show it to anyone else

[@feynstein1004]

@@Mincecroft Couldn't have said it better myself

[@NiftyKnot]

How to become a quadrillion dollar company 1) IPO 2) stock split 3) stock price goes up 4) split again 5) price goes up 6) repeat as required

[@BasilAlias-ui6od]

Nortel's guide to bankruptcy

[@JeredMastersAustralia]

"it's not often you have somebody so aggressively... wrong" 😂👌

[@cryptobanter6677]

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[@3rkid]

That return calculation of stock picks was my favorite part of the video.

[@cryptobanter6677]

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[@Adam-yu5zj]

😂🤣 Idiots

[@thehoodedteddy1335]

Yeah, that was amazing

[@MacAndSwiss]

Everyone loves growth stocks in a bull market.

[@PsyrenXY]

I'd like to report a murder!

[@TheBasicStuff]

Richard, you don't have to do this to yourself. Self-harm is not the way to go for views.

[@tomlxyz]

This isn't self harm. It's bringing rationality into this type of content

[@johnnyphan5416]

LOL legit watching those tik tok was cancer.

[@lrdxgm]

You must be new on the internet.

[@aniyahisrael2003]

Someone brain 🧠 is smelling

[@calabiyau9269]

ahahahaha bro wake UP richard is missing out on the investing advice of a lifetime

[@electricerger]

I remember my father testing to become a CFA, it took 5 years and that was after his master's in finance/economics. I have the upmost respect for people like you showing us what a real professional is like.

[@winstonsmith2079]

It's phrases like "its part of the human brain to look for cognitive short cuts", that raise this channel up to next level. Thank you, that's how I look on technical analysis

[@jdarling5315]

I'm not a TA guy at all but I do think it's not totally ridiculous to think there are some patterns in human behavior as it responds to price movements as well as certain market dynamics that can be gleaned from analyzing charts. Like he says, potentially useful as part of a more balanced approach

[@josh7297]

Hedge fund manager here. I never start my stock research by analyzing the charts. But, you cannot be naive and say that stocks always stick to their fundamental values. Just like any other market, the stock market is driven by fear, emotion and patterns. I use TA as a tool to help me enter/exit a position and determine a trend in a market price direction. Make no mistake, when stocks go up, on average, more people are willing to buy it. When stocks go down, on average, more people are willing to sell it.

[@GunnShotVisuals]

"Technicals in this kind of fashion really are the astrology of finance" 🤣

[@GunnShotVisuals]

@@josh7297 Lets be honest - those charts are useless just nice to visualize the price patterns 🤣i never managed a hedge fund so I'll concede if you say otherwise - these are cool patterns but markets movement is completely arbitrary and sitational

[@GunnShotVisuals]

@@jdarling5315 I agree with him "Technicals in this kind of fashion really are the astrology of finance" 🤣

[@FreckleFinance]

I was planning on having my kids invest fairly young, but just as part of their money management education. No stock pickings just something like a simple ETF with a bit of money so they can kinda see the flucuations and how markets work with their own money, but not as an actual money making thing,

[@CainXVII]

When I was like 8 my friend and I played around with pretending to buy stocks in the newspaper, following them and competing on who made the best pick. I found out years later my dad actually bought some for me. Turns out I made a good pick and he knew that because he worked in finance...

[@TheFakeyCakeMaker]

And you probably gained some of his skills via osmosis. Parents don't always realise what a profound effect they have on their children, you played stocks because that's what daddy did. What a wonderful man your dad sounds like. Being a parent is an incredible honour and I hope my kids can say good things about me like you have here some day. I hope you are continuing to do well on the stock market and that your wealth increases.

[@hedgehog3180]

There's actually a couple of free online games that let you do this if you just want to play around.

[@samsonsoturian6013]

0:40 The idea a trillion dollar tech stock could double in value in a couple months... 7:10 That guy is why predatory lending exists. The "pile of nothing" he complains about is a 34.7% risk-free gain even when employer contributions are NOT included.

[@alexs_toy_barn]

And it'll be way way more than net 1% growth yearly, it still be more like 3-6% yearly after inflation without contributions

[@alquinn8576]

hi, I'm from the future. NVIDIA just doubled in 5 months from $1.5T to $3T

[@jocen3]

@@alquinn8576 not only because of a stock split

[@hedgehog3180]

@@alquinn8576 And that didn't happen after a stock split so what's your point?

[@hedgehog3180]

3% is also a pretty high inflation level and it doesn't make sense to expect that to be the case forever. In fact since this video was made inflation rates have fallen.

[@Misterfairweather]

The Wii music was fantastic and I love hearing someone else say that technical analysis is the astrology of investing. I also appreciate anything that calls out the "influencer" starter kit of talking up your wealth and selling courses. This scam pre-dates the internet it just seems to have become even more popular in the last few years.

[@davidwebb2318]

The internet has just given all these scam artists free access to millions of gullible people who fall for get rich quick scams.

[@Antenox]

This series just keeps confirming to me how much I hate ultra-short form content. TikTok, Twitter, even Snapchat to a degree.

[@earlyreefer]

more level headed, sensible content from The Plain Bagel. Always great stuff!

[@jesussalomon3598]

The fact Ricard can make fun of yet intellectually analyze each tiktok simultaneously is mind blowing.

[@cryptobanter6677]

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[@jackpace6845]

Its pretty simple when the tiktokers are absolute morons.

[@GetIrked]

My absolute favorite part was watching his reaction to the “don’t match your 401K” insanity. I still can’t stop laughing! Thanks for this amazing video (from a fellow Canadian 🇨🇦)! 😀

[@rodrigorodriguez509]

Well, in 2020 I didn't contribute anything to retirement and put every dollar instead into about 270% returns. That was obviously a non-recurrent and extraordinary condition

[@brianwalsh9265]

@@rodrigorodriguez509 orrrrrrrrrrrrrrr.................Just repeat this one simple trick over and over again and you'll be rich!

[@adriennethiery5432]

The other crazy thing I see now is reasons not to invest into a Roth IRA. I don’t understand how it’s not illegal to spread misinformation about this

[@blueflameSM]

"Don't invest into a 401k or a Roth IRA......Instead, BUY my course and I'll make you millions." - Every one of those videos against 401ks lmfao

[@pretzelstick320]

I’d probably want to invest in my 401k as much as the company will match, but not anymore than that.

[@hermdude]

I would want to point out that unlike astrology and coin-flipping, because a lot of people believe in technical analysis, it results in a self-fulfilling prophecy such that if a lot of people are making a decision that the price is going up, they'll bid up the price, eventually increasing the price itself. Of course, the catch is that different people would see different patterns within the same chart, so it becomes a tug of war between those who thinks that the price would go up versus the price going down. And then there's the market makers who would profit either way from market participation. As an old adage says, don't go and dig for gold yourself, go sell shovels instead.

[@electricant55]

Another problem is that algorithmic traders probably already beat you to the punch and the analysis is now priced in

[@finsimple4396]

If this were the case the research would back that point, but it doesn't. The truth is there are too many market participants with many different strategies, AUM sizes, and opinions which create little market inefficiencies or random behaviour in stock prices. Even algorithmic traders don't, they mostly exploit small market inefficiencies faster than others such as HFT's, mean reversion, scalping, market making, arbitrage, etc. It would be self-fulfilling if the few who did it held enough weight to move markets, but then they wouldn't have the liquidity to trade it comfortably, which is a paradox.

[@itsgonnabeanaurfromme]

That's how it works. Applies to chinese astrology as well because a lot of people who believe in it (wealthy old chinese) impact the global economy.

[@werbnaright5012]

I love the humour in the editing of the individual stock lookups. The music, the facial expressions, the groans.Magnifique!

[@JackDuffley]

I'm in my 3rd year at the University of FinTok, and I now exclusively use technical analysis on real estate NFTs on my laptop in my Lamborghini.

[@Kodaira023]

😂

[@webentwicklungmitrobinspan6935]

nice i would like to buy a course from you i hope its expensive enough to feel like i made a important investment in my education

[@davidwebb2318]

You forget to tell everyone how you were a multi-billionaire by the age of 12. I guess you are just modest about this kind of thing....

[@JackDuffley]

@@davidwebb2318 I'll learn how to do that next semester. Sorry!

[@davidwebb2318]

@@JackDuffley Ha ha, yes. Remember to ask your college principal if you can have a parking space for the Lamborghini !!

[@weggro]

You're one of my top channels and I appreciate the information that you give. Keep calling out the fakes!

[@LASLOEGRI]

“Technicals - the astrology of investing…” absolutely, been saying that for years! As always… nice work.

[@chump6901]

How can it be astrology, how can you call BS, when there are millions of people funneling billions of dollars into different equities or currencies based on patterns and support an resistance levels. If 50,000 people see something bouncing at support, and they all buy because buy at support sell at resistance, then it is going to rise. It’s a positive feedback loop. It’s real. Nobody cares about your recycled EBITDA multiples and they don’t affect anything anymore.

[@Supatrader]

😂😂😂😂😂😂

[@SeeEhyDeeSee]

I still rewatch this from time to time just to watch his reaction to the 5:10 clip

[@Michael_Raymond]

I loved the advice (even if it was a little under-sold) for young people looking to get into investing. If you want to get good investing results... just get a higher education. You're making an investment in every future choice you make, and the earlier you commit to that the more help it will be. Also, your education won't disappear if the economy crashes.

[@tuanoful]

That comparison from TA to Astrology was hilarious, and so true. In my ignorance, a few months back, I did think there was something to it. And quickly after I realized it was just BS. The only way that TA was real is if EVERYONE follows and acts on those patterns. And that is simply not true. The market doesn't behave based on a few guys doing TA

[@RemotHuman]

You can withdraw from 401k early for 10% fee + tax, meaning if you don't want to wait till retirement you still get an immediate 80% return from 401k matching

[@MrSupernova111]

Its a rip off. The guy in the video had a point. Outside of the employer match there is little point in investing further into a 401k other than the pre-tax investment benefit. Today's billionaires didn't earn their wealth through a 401k. This is the part that most academics like our friend the plain bagle conveniently ignore. In all reality, 401ks are designed for financially illiterate people.

[@RemotHuman]

@@MrSupernova111 billionaires worked very hard took on a lot of risk, had a lot of skill and got very lucky for their wealth, 401k is very easy, its not for people who want to become billionaires its for people who want to retire when they're old. Maybe Roth IRA is better though who knows. Its not financially illiterate not to want to be an entrepreneur

[@MrSupernova111]

@@RemotHuman . You're 100% correct that being a business owner is riskier than saving pennies every month for decades on end. That said, we choose how we want to live and many don't want to wait until they-re 65-70 years old to enjoy financial independence. On one hand we have the billionaires of the world and the countless millionaires who took a chance and then we have the masses who will spend their lifetime in the office doing meaningless work hoping to be financially independent at 65-70 years old. As I said, the guy in the video isn't entirely wrong.

[@jonathans7089]

@@MrSupernova111 Yikes

[@schmingusss]

I love how Richard has perfected the nervous laugh. It cracks me up every time.

[@tom4156]

Great job as always, Richard. From one accountant to another, keep up the fight

[@netherworldpost]

Really enjoy "not to gate keep, just to set expectations." I'm going to borrow that, thank you.

[@nrpbrown]

I love the background! It's silly but i will never get bored of bad finance tik tok reviews

[@ivanjermakov]

"Technicals (as a primary tool) are the astrology of finance" Also, so silly to watch how those "traders" prove their patterns on the historical data.

[@maurods3151]

But how is it possible than that some traders who rely only on technical analysis manage to be profitable

[@hardwarefromthegarbage3446]

@@maurods3151 Do they? I suppose their money comes from selling courses on their "methods" or not relying on technical analysis only

[@jam-hu]

@@hardwarefromthegarbage3446 because it is statistically unlikely that they would all fail. Just like the people who win the jackpot twice in the lottery it is simply luck. It is likely, that out of the thousands of active traders that some will get lucky and beat the market. The problem is that there is no way of knowing beforehand which ones will get lucky.

[@davidwebb2318]

@@maurods3151 The short answer is that 99% of them don't manage to be profitable. Even a random stock selection process will make money sometimes. As they reinvest everything in what is essentially a random process eventually they will have everything in investments that drops like a stone. They might be successful for 5, 10 or 15 years by pure luck. The problem comes when you decide to follow what they do on the last day of year 15 and year 16 is when their luck runs out, and you lose your life savings following their astrology charts.

[@TheWholeGrainBread_Real]

@@maurods3151 key word, some. 99% wont.

[@prodigy1605]

4:10 completely agree. It is a good use case for trying to time into a stock better for a long term investment (maybe wait a bit more for a price retreat) but not for actively trading

[@zdenek3010]

What you described is active management. Thinking that your intensity of active management is good but anything more is bad is irrational

[@brandony8691]

Great video as always! 2:33 There have been some studies on stock splits that have shown there to be some degree of excess returns associated them (Ikenberry, Rakine, and Stice in the mid-90's I think were some of the first to look into this phenomenon). Some explanations offered by authors of these papers suggest its based on a signaling (i.e., management expects strong fundamental performance and completing a stock split signals this to the market). I would intuit that it's related to the momentum factor (i.e., a stock that now has a high per-share price got that way through strong recent performance). Either way, there is at least some evidence that buying recent stock splits might have some plausibility, but whether those excess returns survive transaction costs is another story. 5:30 This video came out too early $TSLA

[@poisonpotato1]

"There's more pizza now that I cut this 4 slice pizza into 8 slices" First guy probably

[@OffGridInvestor]

12:47..... you know the ABSOLUTE HIGHEST PAID unskilled job? SALESMAN. Especially large ticket items, cars, housing, etc. You seen the commissions on real estate? I have heard some ALRIGHT level commissions that are enough to BUY A NEW TOYOTA with ONE HOUSE sale.

[@smugshrug]

The only way all these "gurus" on social media make money is by selling people their awful advice.

[@samsonsoturian6013]

With the Raging Bull that was some of the key evidence in the FBI's fraud allegations...

[@davidwebb2318]

The name Greg Secker comes to mind....

[@David.Marquez]

Here comes Richard making my Friday even better with some TikTok reactions LET'S GO

[@jakefarmer3122]

I would absolutely LOVE if you went through one of these courses from tik tok. I think it would be amazing if you could "learn" from these "finance experts"

[@deepserket4390]

this channel sometimes does something similar, but is more memeish and less serious than "the plain bagel", here's an example: kzbin.info/www/bejne/n3eloIJ9gs-rf5I

[@TheFakeyCakeMaker]

Yep. I'd be up for that

[@al1395-y3d]

A 100% 401k match is so powerful that you could immediately withdraw your money and the match, pay the penalty and taxes and still be ahead lol

[@zshn]

Techincal analysis like any other type of analysis only helps in defining 'probability' of an expected outcome based on the bias. All types of analysis is astrology, even fundamental analysis. If you try to predict future by looking at the stars (technical) or inside the body (fundamental) or by reading a biography (historical); it is similar to astrology. Everyone chill out.

[@theexiled1767]

Finally someone who speaks sense. All types of analysis is based on probability given past data and biases. You only need to win more than you lose. Doesn’t matter if you rely more on technical or fundamental analysis.

[@mrbigsmile3902]

The difference is that the position of the stars have no functional connection to the future, while there is a clear functional connection between the over time value of a stock and a basket of indicators/ full analysis.

[@tuanoful]

I'm so glad I discovered your channel. You are great, keep it up!

[@aatheus]

I will never cease to be amazed at how many bad and/or tone-deaf investment videos there are on Tiktok. Very entertaining.

[@rodrigorodriguez509]

I don't know what you mean, clearly this high schooler has discovered a vulnerability in the financial markets as they exist today

[@mikea5745]

5:48 That total return is more like -80% now. Ouch

[@melkiway]

Your react videos ARE SO ENTERTAINING and INFORMATIVE. Keep them coming! Thank you :) :)

[@wesch6354]

The key to compounding interest is time. So the sooner you start investing the better off you will be. Assuming you invest wisely. So investing from 15 to 65 will give your portfolio a lot of time to mature. For example. If you invested $2500 when you were 15 into the S&P 500 and didn't touch it till you were 65. You'd have a little over 250k.

[@todaythebirds]

Yeah, I think that girl is gonna be okay.

[@GunnShotVisuals]

As someone who got my series 7 I can confirm all the info in this video is accurate, wellll explained and useful

[@cryptobanter6677]

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[@GMoney_1973]

Great video! Thank you for producing. I really enjoyed the theme music from the Wii Shop! Takes me back.

[@cryptobanter6677]

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[@CaedenV]

I've seen that hyper aggressive anti 401k dude before... And I think his idea is that if you take your full paycheck and use it immediately for your own education, or starting your own business then you can "easially" outperform the market. As someone who has started and stopped 3 personal small businesses... Yeah... There is also a super good chance to loose your entire business or if you are lucky break even. It's a bit of a gamble. Compare that to a 401k that gives an instant 100% growth with an employer match, and lowering your income tax bracket, and no taxes on growth... Yeah... Even at 1% growth that starts to look pretty OK lol. And that you are more likely to net 7% growth after inflation makes your 401k look pretty awesome. More important is that for most people it isn't an either/or situation. You can hold down a day job and take advantage of a 401k match, and start something productive on the side. And that side thing can be a business, or developing IP for royalties, or any number of other things.

[@chukuemekaoje1015]

@@lukemorgan6166 how are they scams?

[@electricant55]

This. Best education today is free

[@Littletime839]

That first guy was so convincing because of his wild hand gestures

[@Sharpshooter649]

8:52 Not really. You have to stay with your boss for at least 4 years to actually receive it, if you quit or get fired you lose that “free” money

[@damondiehl5637]

Depends on the employer. I've been immediately vested at three of the last four employers. Although, t my current employer, you have to be an employee on Dec 31st to get the matching amount which is paid in one lump sum in February.

[@rightwingsafetysquad9872]

It's not necessarily your employer who gets to choose your investment options. They choose a broker/custodian to manage the account who then chooses the specific fund options. My employer chose Merrill Lynch and all the options are so bad that 4-5% really is a reasonable expectation. Not sure why SPY or VOO aren't options. But with matching it is really 108% (for up to 4% of salary). Also, if you're 15, just save for a car. Having a car at 16 will improve what might be the most fun years of your life in a way that no amount of money can when you're old.

[@happytoberu]

The first tiktok: there is a statistically significant relationship between a stock split and the increase in price.. in fact, since 1980, a company that does a stock split (on avg) goes up 25% in 1 year vs the broad market of 9% in that year. So yes, there is a correlation between an increase in value after a stock split…

[@ThePlainBagel]

Could you share the link for those figures? I find the 25% to be really high, much higher than any report I've seen on stock splits.

[@happytoberu]

@@ThePlainBagel Hey! I’ve tried posting the link twice but KZbin keeps deleting the comment with the link… (check to see if you have links turned off in your KZbin settings) 😊 But if you look up Bank of America stock split study, you should be able to find it. There’s also a market watch article that talks about it as well! 🙂

[@ThePlainBagel]

@@happytoberu Yeah KZbin will do that sometimes (and unfortunately, some comments are deleted before I have a chance to review). I'll try to find it, thanks!

[@notnormaljiji]

There is correlation but not causation, yet some of these TikTokers Investment Guru treat it like its the latter and influence their audience to think the same. Regardless, no 1 rule in investing is to be comfortable in losing the investment cuz prediction and pattern is a 50-50 with fate.

[@MarceloAbans]

@4:33 Great movie called Pi, where a man supposedly figures out the pattern and then a decent into madness.

[@turtlepoolservices]

You're a breath of fresh air on this platform.

[@mfb704]

Hi Mr Bagel I have a question Do you ever use modern portfolio theory in your day to day activities as a portfolio manager? Things like Treynor Black procedure, Markowitz, risk aversion coefficient, optimal weights, etc.? Or do you use other things? I've been learning this stuff for school but it all seems too theoretical for me. Thanks!

[@mikesantillana]

This is my favorite financial channel!

[@ayeminoo2067]

The only channel worth listerning to. Thank bro.

[@soulsynthesiscreations]

Good video. Can I confirm if fractional shares is standard or per company?

[@ThePlainBagel]

Generally speaking it's only a select list of companies (typically only large cap companies). That being said, those are usually the companies most people would want fractional shares for; they obviously aren't needed for penny stocks.

[@shanephillips7704]

First time viewer! Love your content! Keep it coming.

[@barbarosozturk]

Loved the editing on this one, haha!

[@xiphoid2011]

@09:58. Maybe Custodial account isn't really on the mind of a 15 yr old or they have better things to spend on, but as a parent, it's very much worth considering for your children's future. I opened one for my son at 10. My mom teaches him piano, which he then teaches his 2 younger sisters. I pay him market rate for those lessons myself, about $3K/yr. There is no tax savings for me, but this provides him with an income source to fun Roth IRA. Now he is 12, it has grown to $10K. I plan to invest 100% his income until he finish college at 22, and "reimburse" him with equal amount of my money. Even assuming only $3K/yr, ending at age 22, with 7% inflation adjusted annual return (10%-3% inflation), it will become $1 million (inflation adjusted) and ensuring him a middle class retirement. I use his custodial account to teach him personal finance. I would recommend financially responsible parents use the custodial account to both teach essential personal finance skills as well as establishing safety nets for their children's future.

[@vitamins-and-iron]

damn this is awesome

[@Starscreamious]

7:30 there are legitimated issues with being part of a 401k or 403b....but that guy did not list them. For example the mutual funds could have a crappy expense ratio, your employer could force you out of a position if they choose to do so, if you leave your employer one way or the other they could force you out of all your positions, and as you said there are onerous limitations to what you can invest your money into.

[@rodrigorodriguez509]

I'm a CPA in my late 30s and my friends who are still struggling or sometimes trying to make big fast rips on crypto or something. I was advise them first not to do it under any circumstances, second to create a paper trade in account and stick with it for 2 to 4 months just to see how things go, and third to accumulate their fast food receipts and compare the return to the paper trading if they cooked instead. I do everything I can not to sound like a condescending jerk but these are my feelings.

[@seanwebb605]

A colleague of mine has been sold on the idea of passive income. Every day he worries about his crypto currency. I couldn't handle that hourly rollercoaster. He also took a chunk of his money (he actually might have borrowed from the bank) and invested in residential real estate with some family and friends. So he gets to maintain a house, watch the borrowing costs rise (Canada) while he hopes his tenants pay the rent or don't leave at a bad time. Plus he gets to fight with the other people in his investment pool. The problem is that we don't have enough income and a GIC, stock, bond etc. seems to grow incredibly slowly and isn't liquid. So we throw time, energy and the relatively small amount of wealth we have at bad ideas to gain wealth faster. Knowing on some level that it can be a game of wackamo.

[@rodrigorodriguez509]

@@seanwebb605 it's so scummy to see stock trading pitched as an escape for people who hate their jobs. People with ordinary consumer levels of wealth and income just need to keep a good household and work faithfully, and hopefully live for some meaningful goal instead of chasing material pleasure.

[@seanwebb605]

@@rodrigorodriguez509 I'm fine with people trying to build wealth, save for retirement and their children's education. But you're quite right. There is a really dirty side that just wants easy money for bling. They should focus on their career and make sensible investments for the future.

[@Magic_beans_]

Paper trading is a good start, but it still can’t capture the emotional angle when one of your picks gets hammered. I’m writing this in late 2023 which has been a very positive year overall, and I’ve still had several 5-10% drops in a day. - Solar companies that can’t add capacity as quickly because of higher interest rates. - A tech company that reported they “only” expected 18% growth next year instead of the 24% people were expecting. - A retailer whose stock fell because a competitor’s press release got investors spooked about the industry. And then there are industries like biotech where companies could live or die based on a single regulatory hearing.

[@AfroKarlman]

You are great dude! Thanks for your videos. Liked, Subscribed and all the good stuff!

[@TenTonNuke]

5:34 Tesla is actually down about 50% since this video. So he doesn't even have Tesla.

[@seanwebb605]

Musk decided that he wanted to be a TikTok investment bro and take everyone else down.

[@allandnothing5338]

7:33 "you're netting 1%, let that compound over, you know, the next 30 years and you're going to be happy with it turning into a pile of nothing. Poof." No. Not at all. Let's just take the salesman own figure at face value, and run the maths: 1.01 power of 30 = +34.78% (net of inflation as per his example) at the end of 30 years. You haven't lost anything; you're richer than. And that was just a regular compounded 1%. If we take into account the matching contribution, that returns is 169.57% at the end of 30 years. That's 3.36% annual returns (net of inflation), for a passive investment. These are not crazy high returns, but your final amount would still be much bigger than your initial investment. Bottom line: don't listen to a "financial advisor" who is so clueless that he's throwing numbers without realizing that they don't support the story he's serving his audience...

[@Verskillroy]

Your calm and realistic approach contrasted with those absolutely insane, horrible advice is really entertaining for me.

[@HarmonixsLoL]

I didn't really learning anything new in terms of investing, but I got a good laugh from the TikTok clips.

[@warrenbuckley3267]

It would be nice to see a video on how you would research a company before deciding to invest? What are some of the things that you look for?

[@klobiforpresident2254]

"If you need help you can reach out to a professional." That is exactly what I want to tell you, Richard. You don't have to hurt yourself by watching these for our entertainment.

[@cryptobanter6677]

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[@capeecle]

"Aggresively wrong" nice, I learnt a new phrase

[@pinnipes]

i loved this video and i love your patient explanations for why these people are wrong, and your jokes are really on point. that said, the shot of the guy putting on the guy fawkes mask was funnier than anything you could have said

[@jackmannschreck726]

The one of the stocks that will make me rich had me rolling on the floor, I knew I was in for a treat when roku was his first pick😂😂

[@loganwow]

Congrats on the new background thing I love it!!!

[@Jos_Louis]

It was more than just a lackluster "sure" from me. I just liked the video before even watching the full video through. I just look forward to these segments so much LOL.

[@betruetoyourself7162]

I didn’t see your poll. I would have clicked yes!

[@mrantao1]

Mr Bagel would make a good lecturer He systematically knows how to break down complex theories into simple ones without coming off as someone who knows more than u Those relatable qualities r what separate good lecturers from the bad ones n I can promise u that the bad out weigh the good most of the time

[@jimmcneal5292]

The problem with focusing on education(degree) is that it alone almost certainly won't make you rich. Most of your additional income will go into higher taxes, rent and supporting expensive lifestyle to not stand out among your peers. Yes there is an exception(medical degree in US), but it's simply because of inefficiency in a system, and there's a strong pressure from society to remove that inefficiency, so there are reasonably high chances that it will be removed relatively soon.

[@dhdj.614]

2:30 it's more about signaling, meaning that companies that do a stock split signal to investors that they will increase their stock price going forward. However, this has statistically not been confirmed. Typically stocks rise at the announcement of a stock split but these abnormal returns vanish within the next 1-2 months

[@mmmeeelllmmmeeelll]

You have got to do more of these!

[@applefav101]

Always love your videos man! Fellow Canadian!!!

[@mylorgolden8146]

I am continuing to Add to my portfolio. As warren Buffet said "be brave when everyone else is fearful ". The stock market ALWAYS recover, so hold for long term and have the stomach for the ride 👍.

[@steviestone3968]

TA is the astrology of finance, perfect description.

[@ignoranceisachoice6045]

401ks also have access to ETFs and the one I had access to, it also had SPDR ETFs including: The S and P 500. That guy is probably just one of these 'make your own business' or 'buy real estate' course making people.

[@pretzelstick320]

Stock splits probably meant a lot more 5-10 years ago. I remember when I was in high school in 2016 wanting to buy Amazon shares, but not having the $600ish to spare.

[@pretzelstick320]

Or wanting to buy Berkshire Hathaway when it was 125k per share lol

[@josephgordon1269]

Your content is so thought provoking! 👍

[@sergeynemkov1554]

Damn plain bagle doing tik tok investing vids, DR.K doing psychology tik tok vids, guess friday is tik tok review day, cheers :D

[@Aulig]

The title format is the same too haha. Suspicious :D

[@earthling_parth]

Primeagen released a video doing programming TikTok reviews today too 😆

[@nicolashofmann2956]

Fractional shares are not a thing everywhere. Her in Germany you can get those only via a savings plan, indiviual buys work only for full shares of a stock.

[@Potatoes85858]

I need more of this in my life!

[@alex2143]

I think you're doing a lot of good by replying to these conmen and spreading some common sense. Thanks for what you do Richard!

[@Davido2369]

Technical analysis can be used to spot accumulation and distribution... its non biased. There are many narratives out there, but price and volume dont lie

[@Magic_beans_]

5:00 (Technical analysis of a fake stock chart) - If the reviews were consistent it at least suggests there’s a method to TA, and it could just be that the coin flips happened to randomly create a pattern they’d see as bullish. I think the real gotcha would be if different analysts all gave different reviews, indicating they’re just seeing what they want to see. An example would be the NOVA system that’s supposed to help classify foods as more or less heavily processed. There have been studies where researchers asked trained professionals to rate various foods and there was very little consistency to their responses. _That’s_ the kind of result that tells you a metric is arbitrary or so vague as to be unhelpful.

[@cole1]

10:42 respectful disagree - put your summer job money into VTI, get another 3 years of returns and compounding, and now you're way better off going into college

[@cryptobanter6677]

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[@gelman4u]

Haven't read all the comments or even finished the video so Idk if this has been stated. I will say that while stock splits are kind of arbitrary and don't increase anything besides shares, even despite fractional investing being an option on almost every platform... What it does do is open the door for people to exercise options on that stock. I think this has a far greater reach being able to make calls or puts on a stock like Google whereas prior to the split you'd need to basically be a hedge fund to have the kind of capital to make that kind of move.

[@midimusicforever]

"stocks that are going to make me rich" The guy forgot to say "by shorting them".

[@Lolatyou332]

@5:30 I was originally interested in Beyond meat as a stock option back when I wanted to invest in individual stocks, I literally sold it at the peak. The product itself sucks, it isn't actually healthier for you because it's basically just made of a ton of processed crap like coconut oil, and it doesn't really taste any better than a fat equivalent burger. You are healthier eating a lean beef patty. When BYND made a deal with COKE I sold it, it wasn't doing anything to innovate and it was obvious the product just isn't going to complete and the 'impossible burger' (which is privately owned) was likely the one that was actually going to succeed in that space.

[@thedustkid]

I love these videos, do more like this please

[@Gabsmaqui]

This might be your funniest content ever! Good stuff!!!

[@cryptobanter6677]

👆Thanks for your feedback, I have something I'd love to introduce you to Leave a msg to the contact above☝️⤴️🔝👆Thanks for your feedback, I have something I'd love to introduce you to Leave a msg to the contact above☝️⤴️🔝👆Thanks for your feedback, I have something I'd love to introduce you to Leave a msg to the contact above☝️⤴️🔝

[@sunnycorax]

6:53 Yeah you not seeing it for years is the point dude. It is suppose to be for retirement and it is tax advantaged. With you Richard that it has that sort of Twitter vibe of someone thinking they are smart while being aggressively wrong. Also as a slight clarification it depends on the account your employer sets up as a 401k. I can't remember the special type of IRA it is called but some companies can set up something that is between an IRA and a 401k. It is suppose to be for small businesses to try and incentivize them to set up retirement accounts for their employees that normally wouldn't get a 401k because their company can't really afford or manage it. It has a higher contribution cap than an IRA but you may or may not get matching like a 401k. Having had that at a former company with a 4% match I was able to pick whatever stocks, bonds, and ETFs I wanted for better or worse.

[@kchal0]

Great video, on the 401k portion, at least here in the US you don't get a refund for the contributions yout put in, you just get to deduct it from your earned income made that year. That could possibily mean you get a tax refund but only if you witheld enough taxes to begin with. Also i'll also note that is only for a traditional 401k, Roth 401ks you get taxed first then the money is taken out of the pay check that is left. That grows tax free and can be withdrawn tax free. Pay taxes now (roth) or pay later (traditional). Both are powerful tools though, that video is pretty sad to see such bad information peddled on tic tok.

[@PsyrenXY]

While you're right that a "refund" is dependent on the size of your withholding, the point is that it reduces your total liability at tax time either way. If you withheld too much you'll get a refund, whereas if you didn't withhold enough you'll owe, but the reduction from the 401k contributions is the same either way. You're spot-on about the difference between Roth and Traditional.

[@chukuemekaoje1015]

And worse, that bad info is often used to sell a course, or permanent life insurance

[@mixedbagclips2511]

Hey that guy that made those calls at the TOP is a good counter signal. 😂