Investment Analyst Reacts to Investing TikToks - Holiday Special
ฝัง
- เผยแพร่เมื่อ 14 ธ.ค. 2023
- Christmas came early, let's go through some finance TikToks together.
My name's Richard Coffin, I'm an investment analyst with my Chartered Financial Analyst and Certified Financial Planner designations, registered with the Ontario Securities Commission as a portfolio manager.
If you'd like to support the channel, you can do so at Patreon.com/ThePlainBagel :)
DISCLAIMER:
This channel is for education purposes only and is not affiliated with any financial institution, although Richard does work as an employee for an investment manager. Richard Coffin does not provide recommendations on The Plain Bagel - those looking for investment advice should seek out a registered professional. Richard is not responsible for investment actions taken by viewers
Edited by Carol Boeira
Idk why people mess around with stocks and jobs when you can just go to a bank and say "yo 10x my money" and they just do it no problem.
simple math - 10x zero is still zero!
@Davide1709 I can find a dollar anywhere bro.
-1000 x 10 makes -10k... Totally reasonable.
Sound
I'm currently sat on the toilet having a poo, this made me laugh and sped up my poo! Thank you
Hi Santa. The price of coal went from $75 per tonne in Jan. 2020 to $430 per tonne in Sept. 2022.
Thanks for putting coal in my stocking
Damn it looks like you know how money works
@@SKAOG21 the meta comment of the season.
So we should have invested in coal
Coal to the moon
That what happens when you build electrical grids with unreliables like wind and solar... God bless the eu for decommissioning their nuclear reactors
my investment portfolio based on tiktok tips is currently sitting at around $30k. I started with $120k.
That's pretty good, I think that puts you in the 1% of TikTok traders
@@ThePlainBagel and thats coming from an Investment Analyst too? bro, im framing this
Got a chuckle out of me.
With that humour, you must be on reddit wallstreetbets...lol
You're stacking cash like a King!!!!
12:53 That kid's voice hasn't even broke yet and he's handing out life advice. LOL
lmao! what I was thinking
"College is useless" said by a 14 year old who has never worked or lived a single day outside of his parents house 🤣
The worship of education is pretty bizarre given everyone has experience learning things way quicker than they have in a school course, forgetting things they don't use, so why waste the time in the first place, etc. But people who weren't already inclined to skip school to do something would waste their time anyway
@@TheThreatenedSwanYou know what? Why don't you test your theory with your own kids? Keep them at home and only educated them at home from start to finish and see what kind of person that will give you. If it works(even if that's just one sample), you prove your point otherwise, deal with the consequences.
@@whannabi That wouldn't prove anything, but what I'm saying is already shown through twin studies especially because a parent going to college makes it significantly more likely you will go to college even as just an environmental effect. This of course contributes to education inflation. Plus the things people say about education don't pass the smell test. Things you don't use, you just forget, yet all this math and science people will never use is supposed to what, have some permanent impact on their brain making them smarter?
Someone should tell the US government to sign up for a whole life policy so it can infinite bank its way to prosperity 🤯
How to fix deficit (brokers hate him🔴🫛) in 10(12) easy steps!💥💥
😂😂😂
😂
😂😂😂
If you don't EVER go too school and go to work at the sweatshop as a toddler, you'll be about FIFTEEN years ahead of people who DID go to school! /s
wowie zowie, you dun cracked the system! No wonder so many states are trying to repeal child labor laws! The gov IS looking out for us!!
Makes you wonder if the dad or uncle or whoever was jealous of all the people they're competing with who have a degree. Maybe dad got nervous about having to pay for college or wants the kid to move out sooner.
@@Excalibur2 Education inflation has made the average IQ of people going into college the population average in the US. It is just signaling which should seem rather obvious since completing 99% of a degree won't get you 99% of the influence a degree will. There are also other rather obvious indicators of this like how most people don't work in the field of their degree
Actually, yeah. Child acting. My high school English teacher did some acting as a toddler for one of those children’s shows. His parents invested that money. By the time he was in college, he had his first car all bought and paid for. Not for everyone though.
Holy shit, I can’t believe I haven’t thought of going to the bank and saying “10x my money”, then using that to buy real estate. Thanks grant cardone, you’ve changed my life 👍
Last time I tried that the bank refused to accept my identifying as transfinancial. #First world problems
Leveraged investments are almost magical. Getting 10x the money from your bank just for asking IS magical.
YOURE A BROKIE!
Can't stand that dude
Jesus Christ, you're all so stupid. There is an obvious exploit here. You take your money to a bank and ask them to 10x it. Then you take the 10x amount and go to another bank and ask them to 10x it again. Then you take your 10x10x amount and go to another bank and ask them to 10x it... You get the idea. Why would you even bother buying real estate? Just do this until you run out of banks.
I hate the infinite banking nonsense.
Imagine how stupid it would sound if someone said "I took out a $90k HELOC out against my $100k home. Now I have $190k net worth, because it's still my home, I just borrowed against it."
Like, no, you don't, my dude. You have a callable debt that can leave you homeless.
@@LordFluffingtonsaccording to my calculations (🤓), 500k growing a few thousand a week (assuming that is 3500), would mean close to 40% a year. Don’t think you will get that from dividends. The few thousand a month is more reasonable and would (I think) be a bit under 9% a year (still assuming 3.5k a month). I know it’s being withdrawn and not left in to grow, but the market wouldn’t care right? also disclaimer my calculations are a bit rough. A rate of 9% a year is a bit much to expect of dividend stocks, they wouldn’t be very stable to achieve that.
edit: acknowledging that you said might, and weren’t overconfidently asserting your numbers and strategy.
@@LordFluffingtons That's the kind of mathematical analysis we need more of! Are these dividend stocks gold mines in Africa?
It’s supposed to be “I own a home worth $100k, I took out an $80k HELOC, put down $20k on another 3 properties worth $100k each and rent them out to pay them off” but usually they spend it lol
After that you sell the house and buy a 190k house and repeat again
"I don't feel like yelling at a kid..... dressed up like Santa Claus." 😆
Plain Bagel is one of the rare financial TH-camrs worth watching. More please.
Plain bagel, Benjamin and Money & Macro are carrying the Finance TH-cam space hard if you ask me
I see Benjamin already mentioned here and that makes me happy
Add Ben felix to the list
@ac3clawx501 ben felix as well as his rational reminder podcast too, 100%.
@@ac3clawx501Who is Benajmin?
the middle school kid telling people not to go to college is wild💀
When I was 18, I learned how to sell cars by watching a Grant Cardone sales course at the dealership I worked at. I learned quickly that his techniques were trash (no basis in reality) It's incredible to see how his swindle has progressed over time with more 0's on the end. Pretty crazy how effective bullshit can be when you say it with such conviction and confidence. Now that I'm older, I can see right through it, but as a kid he definitely had me drinking the cool-aid. Keep up the great work and spreading REAL knowledge!
never thought i would be seeing u here. when is the next edited long format video coming out?
Happened to me when I was 19 selling health insurance 😭
@@jessejors3095 most likely in January. I'm in the middle of a remodel and moving the family so I haven't had time for anything this month :(
richards entrance had all the excitement as an alcoholic mall santa XD he really went for it though, so i applaud him
Not sure which was better, the chord when entered the frame, or the "I'm... Santa Claus." intro line.
Plot twist. The supposedly alcoholic mall santa was the most normal person there.
props to the kid at 12:53 for at least not using the word "bro"
I'm so glad a 12 year-old TikToker told me, a 31 year-old, that college is useless. Not sure what I would have done otherwise!
Plenty of college degrees aren't worth the printer ink they wasted. But STEM degrees are good. Soon enough though degrees will only be afforded by people in the 1 percent or those lucky enough to get a scholarship. The price of a degree at "accredited" universities is exponentially climbing.
@@Madchris8828 My college degree was a huge differentiator in getting the jobs I was able to get back when I first started working fresh out of school, despite not being s STEM degree. Note that it was like 10ish years ago (I'm old).
The marketplace may very well be different now, but the point I was making is a 12 year-old TikToker knows literally nothing about this (even if they happen to be right).
@@Madchris8828in the US…
Learning young
@@Madchris8828I would tap back a bit as I do know people with Arts/English/Foreign Lang/Social Sciences/Business degrees that are making plenty of money. The issue is drive and knowing what to do with your degree. Also going to an accredited and *respected* college helps quite a bit.
At the end of the day having a degree just doesn't automatically mean you get a good job.
I love how Richard generally gives off this vibe that he's all business, not too charismatic, and yet he's straight up hilarious
Do a part 2. This was weirdly entertaining. Also wear the costume again please hahaha
Maybe he will wear a bunny suit for an Easter special.
I think this was technically part 6 of his TikTok reacting so you’ve got other videos to watch 👍🏼
@@cnettrouer I believe you mean a *Playboy* Bunny Suit?
@@oohhboy-funhouse I'm okay with that or a topless santa
I love the 10 year old saying you're behind😂😂.
He's streets ahead.
The best example of someone who found a get rich quick method and didn't tell anyone is Jim Simons who started the Renaissance Technologies hedge fund which is the best performing hedge fund of all time. Most of the employees don't leave since it's so profitable and no one knows how they make money since they're very secretive. Simons is worth over 20 billion dollars and I don't think he's trying to peddle any courses on TikTok.
insider info ;)
13:10 Ah yes because you can obviously just start working as an engineer right out of high school.
12:55 He's smart, he's saying that so he won't have competition when he graduates from college.
He was out of breath saying it lol
@@andrewsimmons989he’s tired from running, why spend all that time on a driver’s license? If you do you are already behind all of my fellow rising grindees
Sure the kids a dweeb but why can’t we collectively admit college is a business? I did not need 4 years of college to be an accountant. 1.5 years max to learn my debits and credits. But admittedly I didn’t go to a nice college
@@dirtydan6098 college is good, but the business around it is bad imo
@@dirtydan6098 You don't need a 4 year degree to learn how to be an accountant but no one is gonna hire anyone to be an accountant without a 4 year degree in a relevant major. Are you going to start your own accounting company at 18? If so, who in their right mind is going to hire you fresh out of HS to do their books except close family? College is more than just learning, it's a stamp of approval that you are someone worth taking a chance on when hiring. Without it, the employer is taking an even bigger risk that you won't work out.
Hope you, the missus and the wee mini-bagels have a great holiday!
Richard boutta get another aneurysm from investing TikToks again
You know, it makes sense for Santa to be a financial expert, since he can afford to give a present to each kid every year.
Santa buys all those presents by 10x his money at the bank, then 4x his money in real estate, then making that easy 5% a month with forex trading 😂😂😂
I love plain bagel because he gives you unexaggerated information about finance, and will also sit down as Santa and dunk on some tiktok
Just a quick thank you for doing the real returns after inflation correctly. I've seen so often that people just subtract 2.5% inflation from 10% nominal gains to arrive at 7.5% gains and it drives me up the wall.
I’m such a noob. Can you explain more?
You need to look at how many dollars you end up with times purchasing power per dollar so (1+rate of return)/(1+rate of inflation)
Subtracting inflation from return arrived at similar numbers but just doesn't make sense "mechanically"
@@berndberndsen5680should we tell him about real risk free rate of return and real rate of return? Lol
Another issue is taxes too.... I always assume 50% (B/C of Europe) so again that plus any fees is a thing too!!
The visible discomfort from the suit/beard 😂 it was worth it, got a solid laugh from that one
I’m so glad you’re here boss man. Without you I may be liable to believe banks will 10x my money no problem.
I was on my way to the bank till I saw this party pooper
This, weirdly, was the pick-me-up I needed today. Thank you Plain Ba… I mean… Santa… Merry Christmas!
I LOVE that you played the kid's video but "I have no comment" dressed up as Santa while slowly caressing the costume. I love you plain bagel omfg
I let an insurance salesman talk us into a whole/term policy. Had it for about 20 years. The term served its purpose and we got rid of it when we no longer needed to hedge against possible death (financially speaking). But in the end the whole policy was essentially just a forced-savings plan at the rate of inflation. We just roughly got our money back from the whole premiums. We could have invested those premiums in the market and made a *LOT* more money. Whole might be good if you really just want to move cash from one place to another and not have a huge tax bill for your heirs. That assumes you have cash in excess of what you spend and save and invest (most people don't). For the typical saver, my advice is just get term when you're young and drop it when you no longer need it. Skip the whole insurance and invest elsewhere.
My FA (which i have to use) laughed at whole life insurance. Got us term life at a great rate. we dont regret it all.
I love these videos so much, finally a new episode.
I love your content, and even the humour that you put into this kind of reaction viedos. Thank you and merry Christmas!
Hey man, i haven`t watched for about half a year now and the editing and entertainment of the videos is so much better now. good stuff.
Thanks Richard, your dry humour is much appreciated😂😂😂 Wishing you and your family a merry Christmas🎉🎉
Merry Christmas... Santa!
Love the content ever since I found you a couple years ago. You and Pat Boyle are the only two no bs Fin channels I regularly follow.
Warren Buffet: age: very old; stock knowledge: 10/10.
Charlie Munger(rip): age; also old; stock knowledge 10/10
Santa Claus: age: infinite? this would mean infite upside when taking financial advice from Santa
Thank you very much for all your great work, and Merry Christmas. 👍🎄🎁
Thanks for the content this year. I think me and a bunch of other people sometimes are listening to these videos on autoplay while driving or doing something else - it could be helpful when videos covering current events start with the date or at least month and year. It would help put the content in the right context expeciallg as your library continues to grow. I hope this comment is taken in the manner with which it was shared, thanks!
That 15:00 minute gem of truth about compound interest vs real returns due to inflation /taxes, hurt my soul but is very true and VERY VERY few people talk about it in this space. Just compound interest bro, you will get rich.
Best series one could create. Thank you.
What a nice Christmas gift - thanks Richard :)
Took me all of 10 seconds to like this video.
Love this series.
Can't wait for Richard dressing as the Easter bunny for the "Investing Analyst reacts to Investing Tiktoks - Easter Special" lmao
I love the react videos. It’s a good reality check for all the people who may fall for these TikTok schemes because they don’t know better.
Really like these videos because you talk about various things which usually gets missing formed quickly, and if I want to dive deeper into some of them, I know I can research a bit more or even watch your videos for it
Love that finance calculator, it's the greatest tool in showcasing compounded growth
This channel has one of the highest (useful stuff/second) ratios on youtube. * Thank You *
We are so unbelievably back!!! I live for the content
awesome work Richard, as always!
Merry Christmas, Rich! 🎄
That intro was amazing. You were the moment.
Great episode! Hilarious! "We are so back" - I'm dead lmao. Great work, Plain Bagel!
I love these reaction videos, please do more!
This is all I wanted for Christmas. I'm cancelling all my Christmas plans since my Christmas has already been made.
Thanks for the laughs, keep up coming.
My favourite series in the finance space
Sir, I love your realistic content and level head. We'll see you at 1 million subscribers
Grateful for the holiday special
Finally! Richard giving us REAL financial advice by way of TikTok influencers!
Here so early that NFTs are still a thing
Truly an investment that'll end as well as Germany invading the USSR 🤫🤣.
I literally started watching this from the gorgeous thumbnail. Santa did not disappoint.
i love this series
Just an absolutely great video.
Plain bagel is the man. Merry Christmas
Hi Santa, your content has improved so much since I was a child
My favorite videos
Love it. favourite informative channel
Quality content! Keep it coming!
Yes TikTok reactions are back!!!!!
I LOVE THESE!!
Mr. Coffin with another certified banger, as an insurance agent I love the part about life insurance. Too many sheisty life guys out there nowadays.
Fantastic video and truly insightful content as always! As someone who has transitioned from being an investment advisor to now consulting on insurance for investment managers, I couldn't help but notice a few nuances in the life insurance discussion that might benefit from further exploration. Your deep financial knowledge is evident, and I believe a brief, bird's-eye view discussion could mutually enhance our understanding of this complex topic. I'd love the opportunity to share insights and learn from your perspective as well
I love this stuff too much
Gold as per usual. Happy New Year!
What I like best about your videos is that you can be fun and entertaining, yet you still have serious investment advice that is spot on!!! 🎉😂 Merry Christmas to you and the Bagel family! You are definitely on the "nice" list! 😊 By the way, you do make a better Santa sans beard and mustache!
Thoroughly enjoyed this video as "Sandy Claws", everything from the embarrassed entrance to the tik tok examples. My favourite one is the "bros" high-fiving each other because they're saying "bigger" numbers. It really is like that and people believe that crap. I guess we all have our Achilles heel. I'm glad you explained about the insurance contracts.
In wealth management we always tell people not to buy whole life or annuities until they max out their 401k and ROTH back door. Seeing these financial TikTok’s now a days telling everyday people who can barely save a penny to buy annuities and life insurance tell them that 401k is a scam is one of the biggest misinformation I’ve ever seen.
I always enjoy your videos Santa!
Merry Christmas Santa!
This is amazing
Love the Santa outfit !!!! Perfect idea !!??
This just 10X'd my enjoyment
Dude this is gold
Happy holidays, Finance Santa!
With the college thing… I don’t know how it is in the US and Canada but in a lot of German speaking countries there’s something we call HTL (höhere technische Lehranstalt, basically a vocational school) that people can attend for specialized education in a specific career. It’s an alternate education path that starts from 9th grade. I know a few people that have taken that path and while they aren’t as academic or as broad in their knowledge, they tend to be insanely knowledgeable in their specific field. They also enter the workforce much earlier and earn pretty well. Really wouldn’t recommend it for everyone though, because 15-16 is really young to decide on a career.
Holy shit, that "we are so back" hit hard 10/10
Thumbnail did not disappoint
you are one responsible person.
The Inception WAAAAAH at the start is hilarious :D
It's mainly people who have the talent of speaking confidently, but use it in things like these
4:50 some real wolf of wallstreet Aerotyne Industries vibes right here
This video was great!
Love your dedication. No way would I have worn a santa costume.
These are my favourite
I’ve always wanted to be one of the early comments!!! Love you videos
Love the video’s. Santa really made me laugh! :)
I'm surprised someone hasn't set up a lawsuit for these scams.
If people were paying these morons for professional advice, I could see how there would be a lawsuit.
But, to quote Gene Wilder, these are ordinary people, common folks, the salt of the earth. You know…, morons.
Thanks!
Your humor in this video made me laugh a little too much 🤣🤶🏼
that sudden sound change when you entered with santa clause dress 🤣🤣🤣