When I was about to say that The Plain Bagel is doing Coffeezilla's version of investigative coverage here, only for more traditional assets like nano-cap equities.
@@ThePlainBagel You sound like my most-addicted-to-coffee friends. Since, analyzing traditional assets is too mainstream for Mr. Investigator of edgy markets, why not crowdsource some help from trusted volunteers/supporters/fans? Anyway, great video!
That made me cackle, lol. What's even the point of saying that? 😂 You might as well just say you were sponsored, who's gonna go "Oh, well they might be sponsored but they might NOT be!!" LOL
Seeing that spreadsheet representing the amount of work you had to put in, massive applause to you Richard & keep up the work. Very inspirational indeed!
From financial education to proper investigative journalism. Great work!!! Also... honestly, a bit painful to see what we are competing with. I got reached out by an agent from Canada about these types of 'opportunities' a while ago. Very young guy. Office on Google maps in really sketchy place. Yikes
I am shocked, SHOCKED I say that there are sketchy sponsors and ethicless creators on this platform. My rule still applies and serves me well: If a UA-camr is shilling it, I don't want it.
My own rule is a bit more nuanced than that, but yeah, in general if it's getting shilled on here it's FOR SURE getting extra scrutiny before I'll consider buying into it. Exceptions to this include: - If the UA-camr is advertising their own store (GamersNexus) or their own signature product (Adam Ragusea and his signature chef's knife; I have one and it's actually great!) or something that they themselves made (such as albums of their own music, books they've written, etc.) - If the UA-camr uses affiliate links to buy products that they themselves use (Rainman Ray's Repairs does this for the tools and other car repair & service products that he himself uses) - If the product is relevant to the channel content (though this condition obviously falls flat in finance youtube space, but in 3D printing and electrical engineering the sponsors in those spaces are usually pretty legit! Keysight for example regularly sponsors ElectroBOOM and Great Scott! and they're one of the leading brands for oscilloscopes) If it's literally anything else, it's gotta pass a pretty stringent sniff test. And the ironic part in all of this is that sponsors like Raid: Shadow Legends and War Thunder actually pass the sniff test better than other "generic" sponsors like VPNs, in part because they actually deliver the products/services as advertised without having to resort to much disingenuous FUD or hype. 😂
It would be very interesting to do a similar spreadsheet on the notorious pumper Jim Cramer. If he says buy a stock then it's time to sell. I can't believe how many people think he's a guru.
cramer really isnt that bad, he was an incredibly good fund manager but having to pick stocks nightly is really hard! you don't have nearly enough time to thoroughly research the stocks you talk about and by nature it reduces the quality of the picks i think someone of his standing could be charged w/ market manipulation for that regardless @@aussie_al
I really appreciate you covering this topic Richard. Being paid to promote a stock is probably the single biggest conflict of interest you could create for financial influencers. I think it destroys the credibility of the entire space. I think it also is problematic in that it invites a lot more strict regulation, which could impact our ability to freely discuss stocks in the future. To be clear - I've never been paid a dime to promote a stock and will never accept a penny to do so. I've also decided to never invest in micro-crap companies specifically because I don't want my videos to have an impact on stock price. POET is one of the worst examples of abuse. That company was headed towards bankrupcy, burning tons of cash every quarter, cash balance going down, debt going up. Then they pay for the pump. Looking at the share count grow 60% year over year, that's absolutely insane and shows they clearly paid to get stock price pump so they could sell shares into the pump. About as clear-cut as it gets... Again, appreciate the video - I'm going to be sharing it.
That’s Marin Katusa and it appears that $1.25M promotion was for a UA-cam video and more importantly a recommendation in Marin’s newsletter. The promotion was for the company Uranium Royalty Corp, whose Chairman and founder is Amir Adnani. Fun fact: Amir Adnani and Marin Katusa are good friends and go way back. I think they were classmates back in the day.
Kudos to Richard here. This obviously was a lot of work from a full-time financial analyst, dad and youtuber on his little spare hours left. The quality of this investigation (Because it is what it is) is impressive and I wish there were more honest and diligent UA-camrs like him out there to look out for the little guy.
"this video may or may not be sponsored" is not a sentence worth saying. That's like blatantly admitting that it was sponsored while implying that you yourself dont trust the product
A little like a Biden pardon. Hunter is pardoned for crimes that he may or may not have committed over the last decade. What the hell are the things we don't know about YET.
Working as an exploration geologist, I deal with junior Canadian mining companies regularly. I will say that, especially in the last 10 years, there has been an explosion in small resource companies where the only goal is to mine the shareholders. This is a rough estimate from one geologist, but I'd guess roughly 1/3 to 1/2 of current resource plays don't actually have claim to anything remotely economic to mine. This has been an issue for the legitimate resource companies, as so much potential capital is being siphoned away for- ...I guess I should call them "imagination pumping schemes."
To be clear, it is also very common for a junior mining company to not have income or sales, as it takes many years and tens of millions of dollars to permit and develop a mine, so that is the usual. For example, I've seen projects where one drill hole costs $300,000+ USD, and it will take at least 10 to just gather the data for a preliminary economic feasibility study, plus significantly more money for a pilot plant etc.
Where has the SEC been for the last 5 years? Nft scams, crypto scams, alt coin scams, scams in literally every financial UA-cam video comment section, insurance agents shilling IUL's, pump and dumps on UA-cam... Great video, I wasn't aware this was a thing
They've started going after all this stuff but they had limited funding. That's why during the campaign donors on either side (including the Silicon Valley types like Sacks, Andreessen) were loudly complaining about the SEC (and cfpb now).
It's funny to me that the same people who claim to UNVEIL THE TRUTH and reveal all these conspiracies either are so dense they don't do their own due diligence or are actively exploiting their own audiences. You can't make this shit up
After cutting scrotum with the Manscape lawnmower multiple times and paying 90 $ a month for AG1 to almost vomit every day instead of buying a multi vitamin for 15 $ a year, I realized: If a product is advertised on all your favorite podcasts, just don't buy it under any circumstances.
There is a certain paradox between what is advertised and what you actually need. At the very least, the product must be expensive enough to cover all the ads, and those Manscaping guys run a LOT of ads. The reality is if you need a certain type of product, you might get a much better price if you look for such a product yourself, as many things have VERY cheap Chinese versions. To be honest, I am not sold on any kind of dietary supplements, since regular healthy food so much cheaper, and the body is built to survive on most normal things humans eat.
The fact that a huge amount of these channels are right-wing/conspiracy is a complete non-shocker, the grift game is so lucrative on that segment of the population
It's like when NBC and CBS get paid millions to air pharma commercials and their news divisions push their drugs and never, ever criticize big pharma. Except that's far, far worse than a couple of stocks.
Task & Purpose, too. Both solid content creators. Neither of them are financial influencers, so I have to think that they just took the money without looking closely at the source.
I would imagine there have been more than a few shady advertisers who have tried to get their snake oil on this channel. So I appreciate that the Plain Bagel has managed to avoid that temptation, and instead continue to provide great content.
I'm part of a handful of Slack groups that records experiences with sponsors, and as a result I was able to avoid offers that were (1) for sketchy products or services, (2) from sketchy companies with oddly frequent connections to Moscow, (3) handled by sketchy middlemen with an established history of underpaying/avoiding payment, or most commonly all three. I haven't gotten any offers like that in the past year, but I've always been curious to reach out to craft businesses where I or my collaborators have an existing relationship and are actual consumers of that product. Alternately, I'd really love to get a sponsorship for a letter of the alphabet. That's when you know you've made it.
I feel sorry for the people who bought UA-cam's paid version (whatever it's called) to avoid ads, then every d@mn video we see has some stupid sponsorship message.
the 'skip section' button w premium automatically takes you to the end of the ad, or even if you start skippibg through a commonly skipped thru section it pops up
One of the thing I did a few years ago was to stop watching those crazy financial influencer who would able to find a new insight everyday, post it on youtube everyday and promote one crazy stock or another everyday. Whenever I read book from top investors like warren buffett, charlie monger, etc . those guys say they are lucky if they can have one insight per year. Simple rule of thumb, if youtuber was a great investor then they would not need a sponsorship from some random company.
I am one of the channels in this video… and he’s completely right. It’s why I stopped doing this in 2023. I’ll post a response video soon with even more details
Sadly, many content creators I respect (well, not so much anymore) also shill for gold a LOT. One even went so far as to say "people won't know that they HAVE to buy gold (and crypto)". I won't name names but.....who am I kidding here. It was Tom Bilyeu Seriously, guys, you are advertising investing in something that ONLY gains value if......people buy it. And if that wasn't enough, they often use the language of "are you tiring of watching the government deflate the value of YOUR hard-earned money?" As in, the most obvious kind of emotional manipulation out there. I get that they are just paid to say this, but I don't care - if it comes out of your mouth, I am holding you accountable for that opinion (the only acceptable exception is being forced to say things under duress).
I feel like an ETF that inverses UA-cam sponsorships would be printing money. Also shout-out to Canada once again for being horrifically behind on securities regulation and the provinces all having to do their own patchwork legislation.
I learned anything promoted by a UA-camr is either trash, overpriced or a scam in some other way. These people build a level of trust with people. Sad to see them throw it away.
Yeah, most really are. There are a few exceptions (in Germany Trade Republic and Scalable Capital (new brokers kinda like Robinhood only with less gamification and mostly without leverage and the hard stuff) or companies like soda stream are a few exceptions to the rule.
Please make more of these videos, you are into something here. I have so many new "investors" youtubers popping up latetly, all floating around their 300% yearly gains
This is the kind of investigative reporting I’d hope to see business outlets like CNBC and Bloomberg do, yet it’s intrepid people like Richard diving in and doing the good work. I hope business media outlets watch this and follow up (and making sure to clearly reference your work)
I’m so glad you’re calling out all these finance UA-camr pushing their own agenda! I notice certain people always calling for buys of clearly really expensive stocks or selling stock that seem to be stable and should be a decent buy. These people, while not doing anything illegal, should be exposed
Incredibly interesting video, I've never seen of any these kinds of ads, and honestly didn't even know it was legal to pay influencers to promote a stock.
Thank you for this! To me, it's clear that much of the content produced today aims to generate or stimulate some kind of outrage using any random topic, while trying to sell me a product or worst, a scheme. I'm going to stop wasting my time with many channels and focus more on my health.
Lot of spending on 'share-based compensation' too. Seems like their business model is to raise money, and spend that money on marketing to raise more money to pay out millions of dollars a year to company insiders.
Very thankful to you for showing more of the details going on behind the scene. I avoid those sponsorships myself, but many do use them, and this is a great resource for them.
Thx for this video ... I wish I 'd seen it before investing in this exact type of situation, though not pushed through a UA-cam channel, but rather the company I invested in used a "middle man" to setup a "sales" (investment overview) call/zoom with the CEO, who was "pumping their stock" prior to a split only to find out that they were exactly as you have described in your video. After the pump the CEO did a massive sale of his own shares. STAY AWAY from these guys folks.
Honestly just go in assuming that anyone who uses "pumping the stock" or is trying to sell you on investing on anything at all is a scam unless proven otherwise, much safer for your money!
Anybody thinking he (yes, he) is going to get rich by buying penny stocks advertised by UA-camrs deserves t be taken for a ride and lose. The world will never run out of greedy fools.
Commenting to keep up engagement. People need to realize that every video attempting to get them off youtube and onto any other site is almost always paid at this point.
I don't mind sponsorships as long as they're responsible and it doesn't conflict with the topic of the channel like a review channel should refrain from taking sponsorships from companies whose product they review
Thank you Richard for all the time and effort in your research and frankly the COURAGE to make this video! 🙌 You might make a few enemies but it's an important message to put out there. This is why you have nothing but respect and trust from us here in Canada and around the world! 🇨🇦
Not gonna lie, the guy incites mistrust immediately, have had an uneasy feeling about him for a while, and that's before his course or whatever he calls it
Even worse is that Joe tries to sell himself as some moral Christian when he’s really just lying to himself and scamming people. It’s always the most outwardly pious people that are really the most morally corrupt.
In case this hasn't been mentioned: Thank you! There is so much BS out there and I know these videos are exhausting to make, but I really appreciate you not selling out and still providing us with quality content we all can learn something from!
A good book to read about historic mining scams is ‘A Hole In The Ground With A Liar Up At The Top’. The companies Richard refers to are considered “lifestyle companies.”
If only these companies invested the money they spend on advertising their stock on actually making real products and services maybe their stock would be worth something. Great journalism, Richard. Discovered your channel through this video and glad to be part of your first million subscribers. -Alex
Wow, that was a pretty intense video. Glad you haven’t been corrupted by shady money making practices. You must have spent tens of hours on this. Keep up the great work.
Oh my god, the implications of this practice are absolutely bonkers. Thanks for this super fascinating deep dive. There are so many layers of issues here!
Not surprised. Hopefully, UA-cam will crack down on these finance UA-camrs doing full on stock pumps out in broad day light. Thanks again for the great content and being one of the few finance UA-camrs to be trusted.
Not that surprising. Especially with these groypers trying to rip off their viewers. All those art things, too, were a cascade of red flags. It sucks, but that’s the system.
Incredible work worth the subscribe.
(this comment may or may not be sponsored)
Thanks Coffee, that's high praise coming from you!
When I was about to say that The Plain Bagel is doing Coffeezilla's version of investigative coverage here, only for more traditional assets like nano-cap equities.
@@ThePlainBagel funny i was thinking about COFFEE 🙂
@@ThePlainBagel You sound like my most-addicted-to-coffee friends. Since, analyzing traditional assets is too mainstream for Mr. Investigator of edgy markets, why not crowdsource some help from trusted volunteers/supporters/fans?
Anyway, great video!
yessss the crossover
Companies promoting their stocks instead of their products is a giant red flag
Ya I totally agree. That's why you should invest in my anti fraud company, Fraud Under (FU)
When it gets detected for OTC issuers, OTC Markets will flag the company for promotional activity.
There are also rules for promotional activity btw.
Always, it's like someone selling you a rug and you buying it noticing they're ready to yoink it like a looney tunes bit lol
Crypto as well
unless you are boeing then it is your product
"This video may or may not be sponsored" is a wild statement
It's clearly a Schrödingers sponsorship, the UA-camr only finds out if it was sponsored once the money is observed in their bank account.
I thought this was a joke Richard made in the video, I didn’t think someone actually said this 😂
He's basically saying "I'm a conman. Trust me at your peril."
That made me cackle, lol. What's even the point of saying that? 😂 You might as well just say you were sponsored, who's gonna go "Oh, well they might be sponsored but they might NOT be!!" LOL
"This could be or could be not a dumping schema"
Seeing that spreadsheet representing the amount of work you had to put in, massive applause to you Richard & keep up the work. Very inspirational indeed!
Yeah. Richard is now effectively an investigative journalist and I love it.
From financial education to proper investigative journalism. Great work!!! Also... honestly, a bit painful to see what we are competing with. I got reached out by an agent from Canada about these types of 'opportunities' a while ago. Very young guy. Office on Google maps in really sketchy place. Yikes
The only thing that can stop a bad company with a spreadsheet is a good guy with a spreadsheet
You mean it's the spreadsheet that gives us the super power?!
*Only thing protecting us from a bad company with a spreadsheet is a good company with a spreadsheet.
@@Iawaitguy with a spreadsheet > company with a spreadsheet
@@ecoideazventures6417 knowledge
from information
I get my finance news from a bagel and my rap news from an uncommonly thin Irishman. I don’t need anything else.
😂
yes, his car pictures are also some of the most amazing I have seen. he is a one stop shop, lacking only bagels
Hahaha $@me!
So looking out for scams with one and what, joining the scams the rap expert is shilling?
Wise man
I am shocked, SHOCKED I say that there are sketchy sponsors and ethicless creators on this platform. My rule still applies and serves me well: If a UA-camr is shilling it, I don't want it.
Your rule will get checkmated by a hydrohomie
So choose a better rule.
I farted
Tbh doing some research before taking the sponsorship should be mandatory imho for the content creators.
My own rule is a bit more nuanced than that, but yeah, in general if it's getting shilled on here it's FOR SURE getting extra scrutiny before I'll consider buying into it.
Exceptions to this include:
- If the UA-camr is advertising their own store (GamersNexus) or their own signature product (Adam Ragusea and his signature chef's knife; I have one and it's actually great!) or something that they themselves made (such as albums of their own music, books they've written, etc.)
- If the UA-camr uses affiliate links to buy products that they themselves use (Rainman Ray's Repairs does this for the tools and other car repair & service products that he himself uses)
- If the product is relevant to the channel content (though this condition obviously falls flat in finance youtube space, but in 3D printing and electrical engineering the sponsors in those spaces are usually pretty legit! Keysight for example regularly sponsors ElectroBOOM and Great Scott! and they're one of the leading brands for oscilloscopes)
If it's literally anything else, it's gotta pass a pretty stringent sniff test. And the ironic part in all of this is that sponsors like Raid: Shadow Legends and War Thunder actually pass the sniff test better than other "generic" sponsors like VPNs, in part because they actually deliver the products/services as advertised without having to resort to much disingenuous FUD or hype. 😂
@@AnirudhTammireddy allahu snackbar
Good rule of thumb - if a UA-camr is promoting a specific stock, it's because they are benefiting from it at your expense. No exceptions.
Common sense isn't so common.
It would be very interesting to do a similar spreadsheet on the notorious pumper Jim Cramer. If he says buy a stock then it's time to sell. I can't believe how many people think he's a guru.
Sounds like Graham Stephen! That's probably why he went political and partnered with other influencers, because his old channel is a scammy mess.
At someone's expense, anyway
cramer really isnt that bad, he was an incredibly good fund manager but having to pick stocks nightly is really hard! you don't have nearly enough time to thoroughly research the stocks you talk about and by nature it reduces the quality of the picks
i think someone of his standing could be charged w/ market manipulation for that regardless @@aussie_al
I really appreciate you covering this topic Richard.
Being paid to promote a stock is probably the single biggest conflict of interest you could create for financial influencers. I think it destroys the credibility of the entire space. I think it also is problematic in that it invites a lot more strict regulation, which could impact our ability to freely discuss stocks in the future.
To be clear - I've never been paid a dime to promote a stock and will never accept a penny to do so. I've also decided to never invest in micro-crap companies specifically because I don't want my videos to have an impact on stock price.
POET is one of the worst examples of abuse. That company was headed towards bankrupcy, burning tons of cash every quarter, cash balance going down, debt going up. Then they pay for the pump. Looking at the share count grow 60% year over year, that's absolutely insane and shows they clearly paid to get stock price pump so they could sell shares into the pump. About as clear-cut as it gets...
Again, appreciate the video - I'm going to be sharing it.
Well said checkmark I’ve never heard of
Hey Joseph just wanted to say thank you for all your videos, one of the best financial UA-camr out there! Have a good holiday brother .
@@LowTide941 Joseph is cream of the crop in the finance space
Who tf is Richard?
What about UA-camrs paid to promote FTX? that doesn't count?
Whoever managed to get 1.25 mil for a promotion on a 48k sub channel robbed them blind LOL.
I didn’t notice that 😭😭 highway robbery that is
Marin Katusa has always been a big scammer.
That's just siphoning money out from the company. The UA-camr might be one of the people on the board
That’s Marin Katusa and it appears that $1.25M promotion was for a UA-cam video and more importantly a recommendation in Marin’s newsletter.
The promotion was for the company Uranium Royalty Corp, whose Chairman and founder is Amir Adnani.
Fun fact: Amir Adnani and Marin Katusa are good friends and go way back. I think they were classmates back in the day.
Kudos to Richard here. This obviously was a lot of work from a full-time financial analyst, dad and youtuber on his little spare hours left. The quality of this investigation (Because it is what it is) is impressive and I wish there were more honest and diligent UA-camrs like him out there to look out for the little guy.
"this video may or may not be sponsored" is not a sentence worth saying.
That's like blatantly admitting that it was sponsored while implying that you yourself dont trust the product
A little like a Biden pardon. Hunter is pardoned for crimes that he may or may not have committed over the last decade. What the hell are the things we don't know about YET.
We can neither confirm nor deny
may or may not get paid. ideally get paid though. Bias to sell
Working as an exploration geologist, I deal with junior Canadian mining companies regularly. I will say that, especially in the last 10 years, there has been an explosion in small resource companies where the only goal is to mine the shareholders. This is a rough estimate from one geologist, but I'd guess roughly 1/3 to 1/2 of current resource plays don't actually have claim to anything remotely economic to mine. This has been an issue for the legitimate resource companies, as so much potential capital is being siphoned away for- ...I guess I should call them "imagination pumping schemes."
To be clear, it is also very common for a junior mining company to not have income or sales, as it takes many years and tens of millions of dollars to permit and develop a mine, so that is the usual. For example, I've seen projects where one drill hole costs $300,000+ USD, and it will take at least 10 to just gather the data for a preliminary economic feasibility study, plus significantly more money for a pilot plant etc.
I’d be interested in your take on Teck and their projects in the works
@@vincentoliver1228 Tech Resources or Rock Tech?
“The only goal is to mine the shareholders”. I’m not sure whether to laugh or cry over this one.
The old saying is that a junior mining company is "a hole with a liar standing next to it."
Where has the SEC been for the last 5 years?
Nft scams, crypto scams, alt coin scams, scams in literally every financial UA-cam video comment section, insurance agents shilling IUL's, pump and dumps on UA-cam...
Great video, I wasn't aware this was a thing
What’s insurance agents shilling ILUS?
@@niktak4658 i mean insurance on its own is a scam, im sure anything new they come up with is only more of a scam
Laughing all the way to the bank I presume.
Iuls piss me off so bad. They are all marketed as an "investment"
They've started going after all this stuff but they had limited funding. That's why during the campaign donors on either side (including the Silicon Valley types like Sacks, Andreessen) were loudly complaining about the SEC (and cfpb now).
UA-camrs and Committing Fraud, name a better combo.
The UA-camrs that stand plainly beside the bagel and skipped on FTX and other sins.
That builds up some credibility.
That is a better combo. :)
Graham stephan and failing scam companies (yotta & FTX)
Conservatives and manipulation
Tiktokers and crypto rugpulls
TikTokers and conspiracy theories.
Bagel man going full Coffezilla ! Alleluia!!
Bagelzilla??
Plain coffee 😅@@bc-guy852
@@bc-guy852 Coffee and bagels!
In the Ten Canadian Dollar Studio!
@@bc-guy852 $BGLZ- pump the stock!
It's funny to me that the same people who claim to UNVEIL THE TRUTH and reveal all these conspiracies either are so dense they don't do their own due diligence or are actively exploiting their own audiences.
You can't make this shit up
Russia writes their scripts for them.
The true conspiracy was the friends we made along the way after all! 😅 F is for friendship AND fraud!
Spoilers: they dont care and want a check
If the audience self-selects for delusional gullibility it’s almost criminal *not* to milk them.
@@raggedcritical Horrible take
Bad crypto exchange ad right before a Plain Bagel video. Classic
I got an ad for a decent online bank
I've been seeing Kraken absolutely everywhere online, which certainly gives me...feelings about the probable quality of the product.
After cutting scrotum with the Manscape lawnmower multiple times and paying 90 $ a month for AG1 to almost vomit every day instead of buying a multi vitamin for 15 $ a year, I realized: If a product is advertised on all your favorite podcasts, just don't buy it under any circumstances.
Oof. I'll keep shaving with the cheap disposable razors for my ballsack's sake!
There is a certain paradox between what is advertised and what you actually need. At the very least, the product must be expensive enough to cover all the ads, and those Manscaping guys run a LOT of ads. The reality is if you need a certain type of product, you might get a much better price if you look for such a product yourself, as many things have VERY cheap Chinese versions. To be honest, I am not sold on any kind of dietary supplements, since regular healthy food so much cheaper, and the body is built to survive on most normal things humans eat.
That "Be safe out there" always makes me smile. Thank you for saying it all those years.
The fact that a huge amount of these channels are right-wing/conspiracy is a complete non-shocker, the grift game is so lucrative on that segment of the population
I hate having morals sometimes. It would be an easy fleece
@@Waldopolo69I know right, like holy shit the level of expertise needed immediately drops by a significant factor
On some level who hasn't thought of going Robert Kiyosaki on people and selling scam books and $500 seminars?
Makes sense, it would be hard to run a lucrative grift on convinced socialists, since most of them are broke af.
It's like when NBC and CBS get paid millions to air pharma commercials and their news divisions push their drugs and never, ever criticize big pharma. Except that's far, far worse than a couple of stocks.
Seeing CaspianReport paid $100,000 for a promotion is wild to me
got paid
Task & Purpose, too. Both solid content creators. Neither of them are financial influencers, so I have to think that they just took the money without looking closely at the source.
Who wouldn't take the bag. Honestly. I do not blame him. Also it seems to be uranium company promotion.
I like his content, but he's had a record of promoting dubious businesses for a long time
@bartekchromik3564 anyone would take the bag man.
I would imagine there have been more than a few shady advertisers who have tried to get their snake oil on this channel. So I appreciate that the Plain Bagel has managed to avoid that temptation, and instead continue to provide great content.
Love your stuff bagel. Hate your excel formatting. Formatting is LIFE.
Yeah I admit the formatting is shit - was really rushing to get the video out ASAP
@@ThePlainBagel I'm in the "no formatting" camp when it comes to Excel spreadsheets - but I'm not showing them to an audience, only myself.
I'm part of a handful of Slack groups that records experiences with sponsors, and as a result I was able to avoid offers that were (1) for sketchy products or services, (2) from sketchy companies with oddly frequent connections to Moscow, (3) handled by sketchy middlemen with an established history of underpaying/avoiding payment, or most commonly all three. I haven't gotten any offers like that in the past year, but I've always been curious to reach out to craft businesses where I or my collaborators have an existing relationship and are actual consumers of that product.
Alternately, I'd really love to get a sponsorship for a letter of the alphabet. That's when you know you've made it.
^^^^------------ this.
You're always dedicated to collating vast swathes of info to make a more moral choice
Love how Richard just comes out and slams them with casual finance research. Good work 👏
I feel sorry for the people who bought UA-cam's paid version (whatever it's called) to avoid ads, then every d@mn video we see has some stupid sponsorship message.
UA-cam premium and we can press a button to skip the segment
UA-cam premium is worth every penny
My free ad blocker is also worth every penny...
I just cut off videos when a promo starts. Negatively affect watch time. 🤷♂️
the 'skip section' button w premium automatically takes you to the end of the ad, or even if you start skippibg through a commonly skipped thru section it pops up
One of the thing I did a few years ago was to stop watching those crazy financial influencer who would able to find a new insight everyday, post it on youtube everyday and promote one crazy stock or another everyday. Whenever I read book from top investors like warren buffett, charlie monger, etc . those guys say they are lucky if they can have one insight per year. Simple rule of thumb, if youtuber was a great investor then they would not need a sponsorship from some random company.
I am one of the channels in this video… and he’s completely right. It’s why I stopped doing this in 2023. I’ll post a response video soon with even more details
You’re a better investigator than the SEC. 😂😂😂
A gold youtuber I used to watch promoted a gold mining stock and in his ad showed himself down 50% said he was gonna "dollar cost average" lol
If the youtubers are misleading or giving untrue information about the company actually being profitable, then it's market manipulation.
“As always, be safe out there.” That’s an understatement 😅
If gold was such a good investment i wouldnt see ads for it every three seconds
Sadly, many content creators I respect (well, not so much anymore) also shill for gold a LOT. One even went so far as to say "people won't know that they HAVE to buy gold (and crypto)". I won't name names but.....who am I kidding here. It was Tom Bilyeu
Seriously, guys, you are advertising investing in something that ONLY gains value if......people buy it. And if that wasn't enough, they often use the language of "are you tiring of watching the government deflate the value of YOUR hard-earned money?"
As in, the most obvious kind of emotional manipulation out there. I get that they are just paid to say this, but I don't care - if it comes out of your mouth, I am holding you accountable for that opinion (the only acceptable exception is being forced to say things under duress).
As a Canadian, all I can say is I'm Sorry
It's what you do best
I feel like an ETF that inverses UA-cam sponsorships would be printing money.
Also shout-out to Canada once again for being horrifically behind on securities regulation and the provinces all having to do their own patchwork legislation.
It would if those shares could be shorted, but a lot of them can't be shorted because of settlement issues.
The problem is the overvalued stock might go down tomorrow or two years from now.
@@justin423You could bypass that limitation with a CFD but no issuer would be dumb enough to sell you any.
I learned anything promoted by a UA-camr is either trash, overpriced or a scam in some other way. These people build a level of trust with people. Sad to see them throw it away.
Yeah, most really are. There are a few exceptions (in Germany Trade Republic and Scalable Capital (new brokers kinda like Robinhood only with less gamification and mostly without leverage and the hard stuff) or companies like soda stream are a few exceptions to the rule.
bottom line: DO NOT INVEST IN ANY COMPANY WHO ADVERTISE THEIR STOCKS IN UA-cam
I don't let influencers influence me, not even the good ones
00:14 “This video may or may not have been sponsored” is a wild statement
The moral of the story is that you shouldn't trust sponsorships of any kind
I’m shocked. One of the best research videos I have seen in a while. Keep at it. Great work ❤
Please make more of these videos, you are into something here.
I have so many new "investors" youtubers popping up latetly, all floating around their 300% yearly gains
This is the kind of investigative reporting I’d hope to see business outlets like CNBC and Bloomberg do, yet it’s intrepid people like Richard diving in and doing the good work. I hope business media outlets watch this and follow up (and making sure to clearly reference your work)
I’m so glad you’re calling out all these finance UA-camr pushing their own agenda! I notice certain people always calling for buys of clearly really expensive stocks or selling stock that seem to be stable and should be a decent buy. These people, while not doing anything illegal, should be exposed
Pretty much everything sold via influencer advertising is dodgy.
Incredibly interesting video, I've never seen of any these kinds of ads, and honestly didn't even know it was legal to pay influencers to promote a stock.
Thank you for this! To me, it's clear that much of the content produced today aims to generate or stimulate some kind of outrage using any random topic, while trying to sell me a product or worst, a scheme. I'm going to stop wasting my time with many channels and focus more on my health.
Are you the new Coffeezilla!?! Love all the work that went into this!
I don't know if I'm cut out for more than one of these a year haha, but I appreciate the positive feedback!
@@ThePlainBagel New idea…share this info and data with Coffeezilla(you don’t even have to tell us). He can take it from here :).
Coffeezilla and Plain Bagel crossover will be called Coffee Meets Bagels
@@MionMikan They've already done a video together before.
@ OMG, I love it! 🤣
I had to pause the video to comment, this channel has always been great but this video and the spreadsheet is whole new level. Great work 👏👏
Lot of spending on 'share-based compensation' too. Seems like their business model is to raise money, and spend that money on marketing to raise more money to pay out millions of dollars a year to company insiders.
It's called a ponzi scheme
that's called ELON MUSH COMPENSATION
@@vv-cv6udYeah, Elmo would be flat broke plus tens of millions in debt if it weren't for his various ponzi schemes and defrauding the US government.
@@vv-cv6ud there are many examples. There was a Disney CEO who got billions in options while investors got almost nothing
Boiler Room: UA-cam edition.
Thank you for putting this together. I know it is a lot of work and probably not the most fun video to work on but it is appreciated.
You KNOW things are getting real when Richard pulls out the spreadsheet 🔥🔥
Richard is to spreadsheets what Perun is to powerpoint?
Had a link sent to me by a friend got his video and boy oh boy was that one excellent deep dive. Great work and I'm officially subscribing.
UA-cam premium was sold with the understanding that no commercials were on premium.
Ya right.
Very thankful to you for showing more of the details going on behind the scene. I avoid those sponsorships myself, but many do use them, and this is a great resource for them.
Great work! Just objectively good investigation and reporting
You did a tremendous amount of work to make this video. Thank you, it is so refreshing and valuable to see responsible journalism UA-cam.
Thx for this video ... I wish I 'd seen it before investing in this exact type of situation, though not pushed through a UA-cam channel, but rather the company I invested in used a "middle man" to setup a "sales" (investment overview) call/zoom with the CEO, who was "pumping their stock" prior to a split only to find out that they were exactly as you have described in your video. After the pump the CEO did a massive sale of his own shares. STAY AWAY from these guys folks.
Honestly just go in assuming that anyone who uses "pumping the stock" or is trying to sell you on investing on anything at all is a scam unless proven otherwise, much safer for your money!
This is such an important video. Crazy amount of work done here and thank you for spreading awareness on this.
“This video may or may not have been sponsored” 😂😂😂
Free palestine
@ 🤣 more jokes, what a funny day this is turning out to be
This may or may not be a genocide 🤐🤐
Vanguard's suspiciously quiet, just saying.
@@Adelina-293Why would Vanguard say anything about the matter?
Anybody thinking he (yes, he) is going to get rich by buying penny stocks advertised by UA-camrs deserves t be taken for a ride and lose. The world will never run out of greedy fools.
Wow. This is mind blowing.
You're doing gods work.
I prioritize watching youtubers with integrity. Good job
If these companies were worth investing in, they wouldn't be paying UA-camrs to pump their stock.
Commenting to keep up engagement. People need to realize that every video attempting to get them off youtube and onto any other site is almost always paid at this point.
I don't mind sponsorships as long as they're responsible and it doesn't conflict with the topic of the channel like a review channel should refrain from taking sponsorships from companies whose product they review
Such excellent work, thank you Bagel! All in all it just looks like the cold calling of the Boiler Rooms of old have been replaced, virtually.
Now I feel compelled to hunt for a full comprehensive list.
Wish I could upvote twice. Excellent analysis Richard. Must have been months of work
I don't mind YT ads at all. It lets me unmistakably avoid these products.
Investigative journalism on this channel?! Very impressive research and reporting!!
Thank you Richard for all the time and effort in your research and frankly the COURAGE to make this video! 🙌 You might make a few enemies but it's an important message to put out there. This is why you have nothing but respect and trust from us here in Canada and around the world! 🇨🇦
Thanks dude. It must be very tempting to sell out for $$$, and I, for one, certainly appreciate your integrity.
My eyes immediately started searching the thumbnail for Joe from Heresy Financial.
Not gonna lie, the guy incites mistrust immediately, have had an uneasy feeling about him for a while, and that's before his course or whatever he calls it
Even worse is that Joe tries to sell himself as some moral Christian when he’s really just lying to himself and scamming people. It’s always the most outwardly pious people that are really the most morally corrupt.
I guess I'm a sucker, because I didn't clue in
In case this hasn't been mentioned: Thank you! There is so much BS out there and I know these videos are exhausting to make, but I really appreciate you not selling out and still providing us with quality content we all can learn something from!
A good book to read about historic mining scams is ‘A Hole In The Ground With A Liar Up At The Top’. The companies Richard refers to are considered “lifestyle companies.”
One of your best videos so far! Congrats! And thank you for sharing the data.
OH... We gotta page Coffeezilla here. That's a collab I'd love to see...
You're my favorite dominican rap news channel
Thanks Richard. This is top-tier content and exactly what this space needs.
I've always been skeptical of any product or service a UA-camr pushes. All kinds of sketchy stuff being pushed by UA-camrs, not just stocks.
Mega work, Bagel! 💪 Exposing these systems and protection future victims! Thanks you! 😊👏
If only these companies invested the money they spend on advertising their stock on actually making real products and services maybe their stock would be worth something. Great journalism, Richard. Discovered your channel through this video and glad to be part of your first million subscribers. -Alex
Man, good for you. Truly a breath of fresh air on UA-cam. Insta-subbed.
"Surprise surprise." ~ Gomer Pyle
Awesome work, hope people see the spreadsheet and draw their own conclusions.
Excellent deep dive on this Bagel, well done.
That spreadsheet may be a list of leads on some UA-cam scammers to cover
Wow, that was a pretty intense video. Glad you haven’t been corrupted by shady money making practices. You must have spent tens of hours on this. Keep up the great work.
It's hard to think of a youtube ad that isn't a scam.
Shame there isn't a basic Bogle portfolio style ad campaign.
sure am glad to have been following this channel for like at least 5 years. your work is much appreciated!
3:18 how do you do the dry Patrick Boyle sarcasm better than he does?
Plain Bagel out here showing how due diligence should be done when it comes to picking a stock
How do you know what to avoid?
Sketchy UA-cam ad ✅
Douchebag influencer promoting something ✅
Easy/Peasy
Oh my god, the implications of this practice are absolutely bonkers. Thanks for this super fascinating deep dive. There are so many layers of issues here!
Not surprised. Hopefully, UA-cam will crack down on these finance UA-camrs doing full on stock pumps out in broad day light. Thanks again for the great content and being one of the few finance UA-camrs to be trusted.
This is some fine work you did there ! This is gonna open some eyes for sure.
Not that surprising. Especially with these groypers trying to rip off their viewers. All those art things, too, were a cascade of red flags. It sucks, but that’s the system.
One of your best videos yet!!! Wading into investigative journalism territory 😂💪 love it