Why I Don't Reveal My Portfolio (And My Thoughts on YouTubers Sharing Stock Picks)
ฝัง
- เผยแพร่เมื่อ 14 มิ.ย. 2024
- Today I explain why I haven't shared my positions, and why I don't plan to do so on TH-cam.
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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 investment advice or 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.
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You're filling a huge gap online Richard. Finance TH-cam is full of hype / picks and it's refreshing to see someone steer people away from shortsited positions / quick news. Keep it up!
another scam artist
Other youtuber that does a good job like that is Ben Felix.
cool story bro
AMC TO THE MOON 🚀🦍🚀🦍🚀
Uncle Bruce the Bagel King is the best at teaching us about trading and investment.
Thank you Bagel
Spoiler alert: he has his money all tied up in the bagel industry
Credit default swaps on donut defaults 😩
Plain bagels. None of them EVERYTHING or Onions.. and God forbid no cinnamon-swirls.
@@giantrabbit1017 Can you make it a 100 million?
@@crimsonstrykr of course we can! Cough cough GS, BofA, CS, MS Cough Cough 🤣
@@giantrabbit1017 I get the others but which one is MS?
I'm totally with you on this. This is why I recommend your channel so much. If it was all stock picks, people would focus on the picks rather than the educational content. Point four is really important, the type of investments that are suitable for one investor are not necessarily appropriate for everyone. Keep up the good work!
Oh, and the refund for that "joke" training course is still not showing up in my bank account... Could you check with your bank that they sent it?
Patrick, everyone is allowed some time off from TH-cam, that is only fair....however it has been a week since you uploaded and people (mainly me) would like an opportunity to say hi to Stephen....
I appreciate that Patrick! It seems the people who actually work in the industry are the one's most cautious about sharing their picks!
As for the course, please continue to wait as refunds can take up to 15 business days, which is how long it will take for me to close shop and flee the country.
Patrick Boyle and Plain Bagel. The two main channels I go to to educate myself. Thank you very much for all the work you do.
Yeah, what Patrick Boyle said... My thoughts exactly!
Plain Bagel, Patrick Boyle, Coffeezilla & Tom Nash: Seems lika a mafia to me!🤣
I think this might be my favorite video you’ve done. Not only because it’s relatable for me, but it’s always frustrating to see the almighty algorithm push bad “investing” habits. I definitely can’t blame TH-cam, since people like and engage with content like that though. But the moral of the story is what’s wise isn’t always what’s popular.
don’t forget the ads that play throughout
Richard is really the youtubers youtuber
The fact that you don't share your positions is a big reason I value your opinions and advice. There is zero risk of ulterior motive.
I like the way you worded that. With these other channels who do it, sure they could just be good people. But there’s a chance (no matter how small) of ulterior motive. But when you don’t, there’s 0!
Except you can't tell if he practices as he preaches. Soo yeah there is that.
Or... And here is an interesting thought... Or you could judge the advice and opinions based on your own thinking about the merits of those advice and opinions.
Nah . The channel are not Soo big thru can't move the needle.
@@goodone8041 what do you mean?
Bagel, one sentence: dont ever change, ever. Thank you.
Bagel is the OG!
Right! The other guys just care about view counts. I trust bagel more.
That's two sentences!!
@@sb_dunk "thank you" is not the part of the sentence i want to highlight of course
@@lappodamy5826 Now that's three sentences!!
Richard doesnt wants to reveal his portfolio as it is filled completely with DOGE!!
😂
Doge is old news, cumrocket is hottest take on market right now i bet Richard has all inned on it already
I thought we all just took this as a given.
To the moon
@@Jyryp TO THE MO... wait... what?
What worries me is that a lot of the more click-bait finance TH-camrs, who talk about their positions, only started their channels in the last couple of years, in the midst of one of the greatest bull market in history. It's easy to look like a genius when everyone is making money, but how will your portfolio fare in a downturn?
They started more like September October after March crash.... check them out 2020 boys or like graham started to talk about stock in may 2020 I think...
I just watched a few videos of some guy with millions of subscribers and views.
One video explore his portfolio or some. One video shows how he made a lot. One video about options and how some other guy made a million in two years or something.
If you boil it down, portfolio is like generic stuff, renewable and Apple. Make a lot of money was just stuff you can learn in any other video. Option one is just a giant ad for his friend. Ohhhhhh and all used Robin Hood. So it's also an ad for that.
He touches on some on the con but not all. And makes everything a win.
And my guess on why it's popular is because it's entertaining, going back to Richard's point, TH-cam is for entertainment.
I honestly love this "party-pooper" approach to investing. Not as flashy as those "to the moon" and "huge bullish news" videos... but much more valuable in my opinion.
Because those flashy investors don't know shit. They are cashing in on the morons that want to get rich quick. So of course they sell courses and access to their discord and what not.
What?? It was an April fool joke ?? I was about to down 3 grand for that course !!! :O
Now I'm worried. Where the hell did I wire those 3 grand then?
@@mjd2013h Thanks for the 3 grand! I'll send you a postcard!
He's dancing around it, but we all know he's just ashamed to admit that he's got a 90% AMC position.
Out of most of the “finance” youtubers you are the most trustworthy. Meetkevin and graham stephan are real estate guys who made it big and got rich. Doesnt mean they know squat about finance and the stock market. You on the other hand have a formal education on the topic and quite frankly are way more professional than them. You are also not click baity which speaks to your professionalism. I recommend your channel to everyone i know. Keep it up brother.
Lots of people went all in on Tesla and crypto, the big risk paid off, and then they think they're professionals now. I try to convince my friends that big success over the past year is not indicative whatsoever of how they'll do over the next 40.
graham stephan isn’t even a real estate mogul, he’s a youtube personality and that’s where he got his money don’t be fooled
@@Ethan_Fike true
MeetKevin doesn’t know what he’s talking about a lot of the time and I see him disagree a lot with his podcasts partners too. He’s blatantly wrong about common finance and economic ideas, theories and whatnot like inflation lol
@@kingdomovies i really cant stand meetkevin. Its just obvious clickbait wannabe financial advice crap..
I don't mind seeing other people's portfolios because I like seeing different investment styles.
What I don't do is blindly invest because a TH-camr or anyone is investing in it.
"Why I Don't Reveal My Portfolio". "Becouse I am scared about revealing I own 60% bonds and 40% SPY."
Very respectable portfolio lol
@@Alfram how? If interest rates rise, his bond value will go down. Unless he holds it to maturity, which is a bad idea in this type environment
@@josephc4229 it’s a joke lol
@@Alfram Are you sure it's respectable? The bonds are probably inverse floater bonds.
Way to many bonds. 80% Total market fund 20% international fund. Call it a day and don't look at your portfolio for 15+ years.
This is why I love your videos Richard! You are actually following your TH-cam mission statement of wanting to educate people on finance while keeping your personal bias out!
Did... did Richard just baptize us as "The Bagel Boys"?
I now feel a sudden urge to create childish, unjustified beef with the other channels he mentioned
I am a Bagel Boy. I just got my official Plain Bagel Mug in the mail the other day. Have you got yours yet?
Bagel Boys stay plain!
O BAGEL BOIZ 4 LYFE!!!! O
Your cause is a righteous one.
We da bagel boys hell yeah 😎
As a registered rep myself, this video gives me such a relief. Thank you for building a presence that focuses on explaining the dangers of the Financial Porn that is polluting YT and other platforms. I wish to one day do join the effort to do so. Cheers!
I guess the fact that videos that provide a lot of educational value and require a lot of research + really provide an in-depth perspective don't do well on TH-cam is a lesson I still have to learn :D.
Question is, how does one find or identify those videos?
Man I'd love to see you on Grahams Podcast
Same
This video had me clicking the subscribe. Only to realize I was already subscribed... so I turned on the notification too.
Bruh
I appreciate how professional, yet relaxed your content is. Keep up the good work!
Never change Bagel , I’ve been purging lots of Finance TH-cam channel but your channel always sticks around.
I’m a registered rep with a Finra firm in the US, and I have recommended young investors look at your videos because you provide the exact type of clear, neutral information that can help teach them to make smarter investment decisions that filters out hype and mass hysteria in this bull market. Keep up the amazing work you’re doing.
Congratulations on your new designation!
That is the reason why I do like your channel. From my perspective I agree with you about sharing stocks picks, also the educational content from this awesome channel I am learnings a lot, so never change man. Thanks in advance for your help to understand the financial world.
You know it is funny. This has been on my mind forever. I have shared my portfolio and % performance but not actual numbers. I do like the idea of sharing ideas and getting other people's perspective. My goal for my channel is sharing and learning as a community. But there is always this challenge - how much is the right amount of sharing. Thanks for your perspective.
I like the percentage way of sharing. Percent of stock and stock type and asset class. I like meet kevin but I cannot relate because so often he talks in dollars. Like his Tesla position, I knew it was big but he told mr wonderful that he had 43% of his stocks in it
Good job for shining light on this. Bringing major awareness.
Richard, you are definitely a good entertainer. I enjoy your sense of humor. I would say you are an excellent educator. You should be proud of what you do here. Your content is terrific. You are class act. Please keep up the good work. I think your channel appeals to a higher class/grade of investor. I believe you can verify that statement by reading most of the comments here.
I love bagel, Ben Felix, and 2 cents; these channels are no BS and fairly objective when it comes to talking about finance.
I love how you get to the point..no click bait!
I, myself, would love a video about the psychology of investing. Like how to deal with loss and greed.
He made a video about FOMO, that should cover greed.
@@citronski Fomo is needed part of that greed story, but I think greed is much bigger than fomo alone.
Read "The Psychology of Money" by Morgan Housel
Fun editing on this video! Nice job. Excellent points as well.
Another sensible opinion and very good video, greetings from Brazil Richard!
You provide a greater service than stock picks. You have explained to me a very slow learner with only a GED an understand of basic financial terms and procedures. Thank you for that.
I love your level headed, honest approach. Thankyou!
I 100 percent agree. I found this channel as educational channel about finance and investing so I can make my own decisions when I understand the concepts. And that's the biggest value provided here.
Thanks for this awesome video. We appreciate and value you for everything you do
You’re doing a great job; be proud and please keep these videos coming!
Such direct and refreshing honesty. This is anti-clickbait!
You’re a person with integrity! That’s the reason I watch your videos :)
Fully agree with all your points here. I would add one more of my own; feeding people stock picks has always been a bad idea because it means those people are using second-hand (and often motivated) information to make decisions. There is no substitute for first-hand analysis and people who rely on others for that analysis are leaving themselves wide open to making bad or inappropriate decisions, and potentially not even understanding why - in addition to not developing their own skills and insights along the way. It is doing a disservice. (although I'm sure those who peddle stock picks don't care). Love your channel precisely because it isn't trying to sell anything.
Totally agree with you. Everybody’s situation is different. There’s no one size fits all in investigating
I think your stance testifies to a professional stance and attitude. That in and of itself is worth quite a lot.
Having watched several of your videos, I wouldn't consider watching them for financial advice (heck, I'd be crazy if I did), but I do find them quite informative and educational. And I feel that's what your channel is all about, and should (?) be all about. Keep up the good work!
Complete agreement with you. With public disclosure, the hype, biasness, inability to be wrong and the massive responsibility that comes with it is something investors needs to know before taking an idea from social media. Absolutely spot on on the point where not every stock is suitable for everyone as everyone’s life situation is different.
Thank you, I think your channel is more credible than many others. Additionally you make your content entertaining.
Nice work, keep going this way.
You are a breath of fresh air. Context is everything which is too often missing in other channels. Magic beans don’t exist in real life - more people need to put the hype in context. Thank you for being so considerate to peoples hard earned cash.
There’s so much information in this video. I feel like that objectivity you have between differentiating them is a result of your experience. Not allowing for hype news and trends to influence your analysis is insane. I’m very new to investing so I’m glad I got this help early on.
I'd be honored if I were the only portfolio update you gave a pass to. I look forward to the day when we did a collab man! Thanks for sharing this message!
We always appreciate your honesty and integrity.
That's a really good, honest explanation! Keep up the good work, and keep us thinking about finances ;)
Appreciate you’re transparency
I respect you for not trying to manipulate your audience with clickbaits and simplistic reasonings
all right, content is always pretty awesome but this one takes the cake, amazing
Richard, through your reasonably eduational videos I started analysis and reconsidered investing from "it is mostly speculation" to "oh, I really can reasonably manage risk and therefore could try this". Thank you on that, it is likely would eventually bring some good to me.
Best wishes from Russia ^_^. And full support to your "no stock picks policy".
Makes sense to me, and I especially appreciate the comments about overconfidence! We don't know what we don't know until it happens
Wow - congrats on becoming a portfolio manager! That's awesome news!
The humility in this video is 🔥. I mean that. Keep it going dude!
Well, that's honest and sincere, not so common around TH-cam. Thank you so much!!
That's precisely why I am watching your videos. More education and less conflict of interests. Thanks.
The Plain Bagel and Ben Felix are the only 2 youtubers I respect in this space.
True. Sad to see guys like Graham Stephan just milking the youtube views with garbage content... =/
Straight garbage imo. But hey he became a millionaire out of creating garbage content on TH-cam, a very rare phenomena 🤧
TBF he posted good content and got many people involved into investing. Where I think he lost it (though not for his personal interest) was when he realized he could make more from flashy garbage content rather than the old content he was making. For example, he used to reject bitcoin and never talked about it as he didn't believe into it ... until he realized it was hot for the RPM, and now he gives his thoughts on Ethereum and Dogecoin. On one hand it is his channel and he has probably helped many people, but on the other it is kinda sad he has gone full sellout so evidently.
Check out PensionCraft. It's an exception to that "nobody does boring in-depth analysis videos" rule that Richard mentioned. Somewhat UK oriented to about the same degree that Richard's channel is Canadian oriented, but good stuff nonetheless.
I wonder how nice it would be to see you on the iced coffee hour. You have so much to bring
Another solid video. Thanks Richard
I love your channel and most of your videos. I believe any down to earth investor would agree with most of your content. Please keep up good work!
love you Richard you keep me grounded
You’re a man of honor I congratulate you
Dude You are amazing. I'm not an Investor but i'm studying Finance and i always enjoy your Videos and watch them as a Educational vids for my Course!
Thank u and Cheers!
I would love to see what you look out for and how you know what is risky or not.
Kinda like case study topic so people who wants to learn can follow easier with common terms slowly integrate into the learning.
If it's dry, that is actually educating in my opinion since theory is often dry anyway
You are a very authentic person. Thank you!
Over the past two years, i have been working on a investment plan for myself and to share it with friends who are in similar postion to mine. In my investment plan drafts, there are always some references for the new investors to watch your Chanel to have some understanding on investment from a an ethical realistic channel.
Really appreciate your work.
Have a good one buddy!
You're one of the (few) youtubers who have the mindset, ethics and knowledge that actually could provide help in stock-picking (too many pump&dumpers out there, or just unethical click-baiters etc), but your channel provides something different and valuable already so no need to change :)
I know many said it already, this is only a good thing in my opinion.
It's OK to provide information, but everyone has a different level of risk tolerance.... and then there's the level they ACTUALLY have when things go down and they see the first negatives.
Totally doing the right thing, Richard. Keep on going! :)
This has become one of my favorite investment channel.
best video yet mate!!! keep it up
I love your stance on this, cause that means I will continue to get quality content instead of short-term hypes. Given, I do subscribe to a couple of those channels as well, but for building long term, I prioritize this channel :D. Thanks Bagel Boys!
Possibly your best video, really enjoyed it! Have you ever considered showing the performance of your portfolio against some of the indicies?
It shows your professionalism, Richard.
Finally, a channel that I can vibe with. Thank you
Awesome transparency and explanation!
Great, intelligent, and very important video. I sometimes analyze stocks on my channel, but I try to show, both the upside and the dangerous possibilities. Thank you so much for your work. I'm a fan.
Great video, great points that you brought up!
This guy keeps it real I always like this channel and content, which is always do your own research.
Everything you just said was 100% spot on. It’s unfortunate some people won’t understand why and think it’s full of bs.
Great video as always
You're the best and only investing finance channel I follow, because you cover all the bases
You and "common sense investing" are two of the most reliable channels for knowledge and education.
Keep up the good work 💪
Well said, love your channel.
Every finance TH-camr flaunts their wealth and portfolio, but Richard doesn’t need to because he’s got that Big Richard Energy and swag.
You are The Catcher in the Rye for new/young investors. Thank you!
I appreciate that you only put out videos when you believe you have something worth sharing. These other guys just put out videos every day, often times rehashing videos that are only a month or two old (Top 5 Ways to Generate Passive Income! 😮😮😮). Keep doing what you're doing.
thank you Richard! alot of these of people forget that they are influencer's even if they dont consider themselves as one or they have disclosures they still have alot of influenece over their audience
Love the down to earth realistic finance education content.
As an aspiring finance TH-camr myself, who is focused on stock picks, I totally get where you are coming from. I totally agree it is very important for investors to first have the right mindset and investing principles, before thinking about which specific stocks to buy. I think you do a very good job with that.
thanks, Richard, for your attitude towards investment and for your efforts to explain it... agree with all your reasoning in this episode and support your choise
Hey Mr Bagel!
Just wanted to say I thought this was a great video. Attempting to remain a level headed and keeping a broader perspective on what it means to invest is something I’ve valued from your channel. I’ve had mixed success starting out in shares, and as a beginner risk assessment and getting to learn foundational practices is invaluable. Your channel seems to be building a community around non sensationalized investing and I dig that. You could almost say it’s your “moat”.
Stick to your guns Richard! Wishing you success with your channel
#bagelboyz
Any 5 minute history lessons in the future? Those were great!
Those were great! I loved them too!
Truth! I'm a finance TH-camr with 45k subs and I reveal my portfolio, but I never recommend people just buy what I am buying. I get so many comments from people asking me to setup an alert system so they can copy my trades and I'm constantly having to tell them that's a terrible idea. The biggest channels promote the worst practices as uninformed investors are just trying to get rich fast without taking the time to learn what they are doing.
You just earned a well-deserved sub my friend 😊👍
I don't mind stock analysis videos, they're quite educational. Jeremy from Financial Education used to be very good about this, but now he's a bit more hype than I would like.
Love your video because is simple for this 🥔 to understand
Richard, I appreciate your perspective. I’m regards to TH-cam I think you are selling it short. I’ve become a multi-millionaire primarily through stock research from education via TH-cam.