That's literally what I thought he was referring to until he started talking about banks (even in his previous video) and I was like, "I guess the Record collecting / CD Collecting business is booming? somehow?"
Thank you for covering the topic of gas prices. I had no idea about the price lock-in. I appreciate this form of content more than you may realize. Edit: I am a patron for this type of content
Rudy is being a biased stock holder. If they locked prices lower, they don't need to go out and raise prices at the first chance they get. They are also locked in for that period of time. They do because it's free money. That is not a market dynamic, it's squeeze your customer because you can.
@@shieldtablet942 That has always been my argument...You can't have it both ways. If you aren't locked in, it makes sense to raise prices as the price goes up, but prices should be dropping as soon as the price drops. If you are locked in at a price, it makes sense that you can't lower your price if it goes down, but there is no reason for your price to go up as it goes up. The only issue I see with the price being locked, is that if the gas stations did the "proper" thing and kept prices static through the month, there would be whole months of no one buying gas. If you saw that the price went up through the month, you would fill a bunch of cans towards the end of the month to get the lower price. The next month you would try to live off of that gas hoping that it would go down. If it went up again, you could try to stock up a months worth of gas again, knowing that it would be cheaper than the station would sell it for the next month.
I wish Rudy had a financial - this is how the world works - class I could take. In the meantime, I'll keep watching for the nuggets of gold. I too am a patron for this type of content.
Every time I start one of your videos, I immediately pause it, turn the volume all the way up, press play and wait for your screaming intro. It never fails to scare the piss out of my cat. Thank you. Keep up the good work.
Someone linked me to "A New Era Begins." and now youtube is showing me this. I was struggling hard to figure out who timmy and rudy were. I don't know anything about collectibles and mtg (although I do have some cards from the late 90s, so the video held my interest for a bit), but I would totally follow for bond market trading stories and deeper dives into formulas lol.
Thank you so much for these kind of long videos. They give me life. And I admit, a lot of stuff you talked about went over my head as I'm unsure what's the corresponding terms and how they work here in Portugal are, but I very much appreciate that "lock-in" prices of gas. Sounds like what happens over here too.
As a gas hauler it's super annoying when the price goes down. Everyone drains their tanks and wait until the last possible moment to place their order, and it's all at once on a Friday.
Rudy - Oil companies always talk about being locked into higher prices but NEVER is it discussed, or does the price at the pump reflect when companies lock into lower prices. Instead oil companies cry supply chain issues, California (Where I live) clean air standards all the while posting record profits. Locked in rates work both ways. Prices at the pump don't.
I have never looked at CD's in my brokerage, always assumed they were basically the same rate.... Nice to learn a little bit about them. Sometime, Rudy DOES know things.......
Great video, I was never interested in econ/finance however I loved MTG as a kid, and now as an adult I've learned more from your channel than any other source
Ive been to a couple of Colleges in Spain, and you are the best teacher anyone could have. Ive learned a lot about investment, business and economics with your videos Rudy, taking into account that none of these subjects are really my passion. Greeting’s from Finland. Love your charisma by the way :).
They're locked in at gas prices, so the greedy part is raising prices as soon as the price goes up. That has always been my argument. If you can't lower your prices because you locked in at a high price on what you're selling, then raising the price as the price of gas goes up means you are making extra profits over the price you locked in at.
My new investment vehicle is...vehicles lmao. But I run a large scale repair and body shop so the risk is minimal. I have purchased 2 dozen cars from various sources and my net profit in 2022 so far has been $109K. My outlay was around 10 to 15K per car all in. Buying and repair. Now two of those were rare hobbyist cars that yielded half my profits. But that's still 3K average on the other cars. Fuck banks and paper wealth schemes.
Its nice that you can make these videos. Making corrections or fully explaining topic X (that you assumed some knowledge yet people misunderstood you still) then you are able to provide more context.
Rudy, I wish I was still a Patreon, not for the perks because I live in canada, and can’t get many things from you, but for the genuine no nonsense videos you make about the world and society. The Fear is at all time highs(historically) and people are negative about the market and everything else including your videos. I really thank you for making these videos!
This is the only kind of video i'm watching from Rudy these day, the ones where he explains complex economic concepts to a camera in a magic the gathering channel.
I really wish these videos (minimal cardboard talk and more financial/economic talk) were part of a playlist similar to the "Magic Business School" playlist you have.
I really love it when Rudy talks about economics. I love micro and macro economics and I really appreciate Rudy's education and experiences and talking about them.
funny thing is, regular ass local credit union Parsons FCU right now pays 4% on 1 year CD's as an example... it's only gonna keep climbing throughout the market as Fed keeps hiking rates
As i alwais comment the free lesson in this channel are alwais gold and I thank you Rudy very very much for every video Do not focus on hate,breath in thank everything love everything breath out,life is great❤️🙏much love and thanks again taco king
He announced that he sensed that we had reached the bottom of the bear market a few weeks ago though. This weird recession is still going strong. Real trouble may be barely starting for the housing market and for banks. Then there's China being a mess. And the war in Ukraine not doing anyone (the Ukrainian people especially) any favors. The market for collectibles could still get worse before it gets better.
CDs are making a come back. Bond yields historically average 4.8% for a 20 year. We are getting there. This is why stocks suck right now. Why would I park money in a bear market when I can get 4% from a treasury. Right now I see junk bonds at 8-14%.
Ah, who remembers the day, not so long ago, Rudy said he owned virtually NO stocks. Now he has stocks, bonds, derivatives, swaps, etc. What a blowhard.
Thank you for the video and the education. We have been diversifying in different stocks, cds (Brokered rates Charles Schwab), and bonds. What you are saying makes sense. I know the Fed is going to raise the interest rates again. The bank rates have been poor for many years.
If you read this... where should I go to learn more about building wealth? I know I should be getting a part time job to grind more. I've invested about 10k in the stock market, money in sealed boxes, some in silver coins. Do i just keep buying? I don't know what to do.
Yeah been reading Rudy hate forum(mtgfinance) and vocal minority just tear videos like devil would read the Bible. My shitty local bank gives 1% but thing is that I don't keep my savings in there.
Great video and very informative but there was one major thing missing... NO PINK VISOR? How can I learn anything if you aren't wearing the pink visor???
Really interesting stuff about gas prices, I’ve had a quick look for why they are so high before and it turns up nothing on Google, thank you for explaining it
But Rudy, nobody buys CDs anymore! You ever hear of streaming music?😜
That's literally what I thought he was referring to until he started talking about banks (even in his previous video) and I was like, "I guess the Record collecting / CD Collecting business is booming? somehow?"
"Sorry, I'm running into something here." Rudy, stepping into a sealed Revised box.
"Damn things, printed to oblivion! Everywhere, I tell you."
all that stop tape getting everywhere
On a serious note, I love when people with technical knowledge get excited explaining the stuff they know. Reminds me of my dad.
Thank you for covering the topic of gas prices. I had no idea about the price lock-in. I appreciate this form of content more than you may realize.
Edit: I am a patron for this type of content
Same and same. Rudy, please continue to do these types of videos as you are able. You are a very good teacher.
Rudy is being a biased stock holder. If they locked prices lower, they don't need to go out and raise prices at the first chance they get. They are also locked in for that period of time. They do because it's free money.
That is not a market dynamic, it's squeeze your customer because you can.
Outside of magic pack openings, I watch for these info sessions as well.
@@shieldtablet942 That has always been my argument...You can't have it both ways. If you aren't locked in, it makes sense to raise prices as the price goes up, but prices should be dropping as soon as the price drops. If you are locked in at a price, it makes sense that you can't lower your price if it goes down, but there is no reason for your price to go up as it goes up.
The only issue I see with the price being locked, is that if the gas stations did the "proper" thing and kept prices static through the month, there would be whole months of no one buying gas. If you saw that the price went up through the month, you would fill a bunch of cans towards the end of the month to get the lower price. The next month you would try to live off of that gas hoping that it would go down. If it went up again, you could try to stock up a months worth of gas again, knowing that it would be cheaper than the station would sell it for the next month.
I wish Rudy had a financial - this is how the world works - class I could take. In the meantime, I'll keep watching for the nuggets of gold. I too am a patron for this type of content.
I don't know how you did it. But somehow you managed to tame only 69% of your hair. Absolutely respectable.
Noice!
Super mega hold hair gel. The green one.
Amazing
@@yongyea4147 Plus a little dollop of taco salsa
Fck that is funny!
Every time I start one of your videos, I immediately pause it, turn the volume all the way up, press play and wait for your screaming intro. It never fails to scare the piss out of my cat. Thank you. Keep up the good work.
Pin of Humor.
I love how he's just like "It isn't my fault you are letting big banks screw you in the butt." Blunt but important to hear.
This was a great video, Rudy. Your viewers are sure to get something out of this! Hope you are well.
I can't believe Rudy spent the entire 22 minutes slapping his floppy taco. What a man.
Finance with a sprinkle of MTG is my favorite content of yours. Would love a part 2 going more in depth.
I literally just read the bitching of a post on reddit about Rudy lying about CDs. Lo and behold I check TH-cam and see the thumbnail. I love it👍
Same
Love these videos Rudy; please always schedule time for ones like this one
Someone linked me to "A New Era Begins." and now youtube is showing me this. I was struggling hard to figure out who timmy and rudy were. I don't know anything about collectibles and mtg (although I do have some cards from the late 90s, so the video held my interest for a bit), but I would totally follow for bond market trading stories and deeper dives into formulas lol.
Would love more real life finance info. This was a fantastic video any taco bell would be proud to show
Me too, sometimes he rants about cards and by the end I have no idea what the point of the video was
Thank you so much for these kind of long videos. They give me life. And I admit, a lot of stuff you talked about went over my head as I'm unsure what's the corresponding terms and how they work here in Portugal are, but I very much appreciate that "lock-in" prices of gas. Sounds like what happens over here too.
honestly, I could watch this stuff all day. love it!
As a gas hauler it's super annoying when the price goes down. Everyone drains their tanks and wait until the last possible moment to place their order, and it's all at once on a Friday.
I thought we were talking about Compact Disks.
Same dude
the only thing I took from this is that "the value of cash is no longer trash".
Every 1% rates go up. Stocks go down 3%. Historically.
Good shit
Rudy - Oil companies always talk about being locked into higher prices but NEVER is it discussed, or does the price at the pump reflect when companies lock into lower prices. Instead oil companies cry supply chain issues, California (Where I live) clean air standards all the while posting record profits.
Locked in rates work both ways. Prices at the pump don't.
I have never looked at CD's in my brokerage, always assumed they were basically the same rate.... Nice to learn a little bit about them. Sometime, Rudy DOES know things.......
I've been watching you since the start and I've always absolutely loved these videos. Thank you for teaching us Timmy's.
These are my favorite videos of yours, thank you!
I bought some 2 year treasuries. 4% gains is better than -10% in stonks
You gotta realize there is an inverse relationship between rates and prices. Bonds can experience price falls also.
Awesome, educational video! Thank you Rudy
Great video, I was never interested in econ/finance however I loved MTG as a kid, and now as an adult I've learned more from your channel than any other source
The majority don't deserve Rudy, he's the goat for sharing this 🐐 ❤️
Ive been to a couple of Colleges in Spain, and you are the best teacher anyone could have. Ive learned a lot about investment, business and economics with your videos Rudy, taking into account that none of these subjects are really my passion.
Greeting’s from Finland.
Love your charisma by the way :).
Sh!$! Because of your videos I'm becoming an educated Timmy! And have made some very good $ making decisions because of your "horrible " advice 🤘
There is no advice, there is only taco slapping :-)
Just wanted to let you know that i really love your videos. Thank you so much for creating this content.
Rudy keep it up! Any content you put out is always really informative and I seriously appreciate you always coming at us with actual facts of life.
Rudy! Do let it get under your skin.... hell, you gave us all an amazing education. As always great video, thank you for looking out for us Timmys
They're locked in at gas prices, so the greedy part is raising prices as soon as the price goes up. That has always been my argument. If you can't lower your prices because you locked in at a high price on what you're selling, then raising the price as the price of gas goes up means you are making extra profits over the price you locked in at.
My new investment vehicle is...vehicles lmao. But I run a large scale repair and body shop so the risk is minimal. I have purchased 2 dozen cars from various sources and my net profit in 2022 so far has been $109K.
My outlay was around 10 to 15K per car all in. Buying and repair. Now two of those were rare hobbyist cars that yielded half my profits. But that's still 3K average on the other cars. Fuck banks and paper wealth schemes.
Don't you think we are at the top of the used car market though? No where to go but down over the next couple years.
Came for Magic and got a finance lesson. As a day trader I can appreciate this video. Great work.
This video needed the pink visor. Keep it up Rudy.
Thank you for the video.
Its nice that you can make these videos. Making corrections or fully explaining topic X (that you assumed some knowledge yet people misunderstood you still) then you are able to provide more context.
My 37 cats all named Rudi are attempting to legally change their names to Timmi.
@Ian Quads Easy peasy! They just have to say as much.
Thank you Rudy. Learned a lot
Love videos like this
He is in the time of great need. With even better hairstyle!
Loved the aggression on that Folks at the beginning
Thanks for the explanation!
Rudy, I wish I was still a Patreon, not for the perks because I live in canada, and can’t get many things from you, but for the genuine no nonsense videos you make about the world and society. The Fear is at all time highs(historically) and people are negative about the market and everything else including your videos. I really thank you for making these videos!
Absolutely love these videos.
Appreciate the time and knowledge.
This is the only kind of video i'm watching from Rudy these day, the ones where he explains complex economic concepts to a camera in a magic the gathering channel.
2019: "Cash is King!"
2020: "Cash is free...."
2021: "Cash is trash!"
2022: "Cash is King...."
I really wish these videos (minimal cardboard talk and more financial/economic talk) were part of a playlist similar to the "Magic Business School" playlist you have.
Thanks for making this video it was very informative!
Thank you for knowledge and entertainment love this channel
I really love it when Rudy talks about economics. I love micro and macro economics and I really appreciate Rudy's education and experiences and talking about them.
funny thing is, regular ass local credit union Parsons FCU right now pays 4% on 1 year CD's as an example... it's only gonna keep climbing throughout the market as Fed keeps hiking rates
As a CFP, I can confirm Rudy is telling the truth.
you can tell Rudy was serious ... he dipped his head in the toilet before filming. Great video man !
Rudy is right, EMHY, SPFF, SPHY all over 5 % dividend returns. Well diversified too
Thank you Rudy, you da man.
awesome video as always. love the finance videos they are the best
I haven't watched in like a year but had to see what this was about lol. Was not disappointed.
great video! please do more finance vids like this!!!
“CCG **bubble”** has to be the. Ingest Freudian slip I’ve seen this autumn 💀
Rudy's hair is actually in decent shape...he means business today.
Genuinely interested +1. Thanks for these types of videos Rudy.
These are my favorite kind of Alpha videos
I loved this video. I think it’s awesome when Rudy shows off how much he knows about investing.
As i alwais comment the free lesson in this channel are alwais gold and I thank you Rudy very very much for every video
Do not focus on hate,breath in thank everything love everything breath out,life is great❤️🙏much love and thanks again taco king
what a goat, as stated people dont get this common sense teaching anymore. GGs thanks for making this content service for all the people
I love these type of videos' good information THANKS
Don't know why anyone would doubt Rudy- he is Crim Jamer, his stonk advice is never wrong unlike Jim Cramer who is never right.
He announced that he sensed that we had reached the bottom of the bear market a few weeks ago though. This weird recession is still going strong. Real trouble may be barely starting for the housing market and for banks. Then there's China being a mess. And the war in Ukraine not doing anyone (the Ukrainian people especially) any favors. The market for collectibles could still get worse before it gets better.
Reject CDs, invest in cassette tapes.
We need to get you a Gandolf mat that has his "I'm not trying to rob you, I'm trying to help you" quote. Thanks for the low-cost advice, Rudy.
CDs are making a come back. Bond yields historically average 4.8% for a 20 year.
We are getting there.
This is why stocks suck right now. Why would I park money in a bear market when I can get 4% from a treasury.
Right now I see junk bonds at 8-14%.
Exactly. I'll time the market and only put money in stocks when they are bound to go up. These Timmies just don't understand.
Haters gonna hate, bud. Keep doing what you're doing, and know that your hard work is appreciated.
I don't even own any magic cards. This is why I'm here - thx for the info.
Look at all the Vaseline in his hair.
Ah, who remembers the day, not so long ago, Rudy said he owned virtually NO stocks. Now he has stocks, bonds, derivatives, swaps, etc. What a blowhard.
Rudy dont let the haters bring you down, youre bringing a great and unique perspective as a top tier collector and human advisor !
Thank you for the video and the education. We have been diversifying in different stocks, cds (Brokered rates Charles Schwab), and bonds. What you are saying makes sense. I know the Fed is going to raise the interest rates again. The bank rates have been poor for many years.
Series i bonds are slightly over 9 %
This is one of the best videos you've ever made. Thank you
Thank you for your 2 cents Rudy, I now know how to invest it properly.
Next week that 2 cents should be 8 cents.
Amazing content Rudy. Thank you
If you read this... where should I go to learn more about building wealth? I know I should be getting a part time job to grind more. I've invested about 10k in the stock market, money in sealed boxes, some in silver coins. Do i just keep buying? I don't know what to do.
Dope video, I wanna see all the whiteboard videos
Honestly Rudy, I quit giving a shit about Magic a long time ago, I’m just here for the finance discussions 🤣
noticed a 2 year 7% yield on corporate paper. of course its credit suisse
Love the vids keep ‘em coming
i like these videos, more of these lessons for timmy type videos pls
Even my reg bank, Citibank, was giving out 4% for cd's. Not sure why people were saying you were lying about that. Damn Timmy's.
Yeah been reading Rudy hate forum(mtgfinance) and vocal minority just tear videos like devil would read the Bible. My shitty local bank gives 1% but thing is that I don't keep my savings in there.
Damn good video Rudy. 10/10. 5 out of 5 stars!Thumbs up. Absolutely love this content!!
I have learned so much from you man
For further reading on this, read "Rich Dad, poor Dad" series. Written so any "Timmy" can read and understand them.
This is the kind of content I subscribe to this channel for. 👍
Great video and very informative but there was one major thing missing... NO PINK VISOR? How can I learn anything if you aren't wearing the pink visor???
Rudy as far as I'm concerned you're a Real Guy. Maybe even one of the realest.
Really interesting stuff about gas prices, I’ve had a quick look for why they are so high before and it turns up nothing on Google, thank you for explaining it
Your good man. I appreciate your Timmy class.