You're filling a huge gap online Richard. Finance UA-cam is full of hype / picks and it's refreshing to see someone steer people away from shortsited positions / quick news. Keep it up!
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 UA-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.
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 UA-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.
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!
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.
What worries me is that a lot of the more click-bait finance UA-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, UA-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.
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 UA-camr or anyone is investing in it.
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.
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
This is why I love your videos Richard! You are actually following your UA-cam mission statement of wanting to educate people on finance while keeping your personal bias out!
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!
Truth! I'm a finance UA-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.
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.
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.
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.
3 роки тому+24
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 UA-cam is a lesson I still have to learn :D.
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.
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.
Richard, I appreciate your perspective. I’m regards to UA-cam I think you are selling it short. I’ve become a multi-millionaire primarily through stock research from education via UA-cam.
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
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.
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 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!
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.
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 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.
3 роки тому+4
You nailed it in this video. I truly hate UA-camrs recommending (!) specific stocks. Others just openly share their portfolio (which is okay I guess), but big UA-camr need to acknowledge that ultimately there will always be some people who will simply buy stocks they see in these portfolios without doing their own due diligence. It's quite a noble move not to share your portfolio holdings as a "portfolio video" would certainly attract many viewers.
Yep, cough cough Jeremy financial education. He used to talk Apple, Google, Amazon etc. These have huge daily volumes. But pumping small caps like Tattooed Chef of whatever while having reach over one million views (directly or indirectly) can move the price easily.
3 роки тому+1
@@monsterboomer8051 Yeah recommending small or micro cap stocks that you own is clearly unethical.
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.
The truth is stock pick hype videos get a lot of attention but I agree with you that more disclosure is needed. Great sharing and I aspire to be able to be as clear headed and transparent with my audience too! :)
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".
Your focus is different and it is appreciated ... I think there is room for all of you. I LIKE that there are day traders, scalpers, wash/rinse/repeaters, value traders, growth investors, dividend investors etc... I learn from all of you. The hype channels are fairly obvious and sometimes entertaining but it is still our responsibility to think and research. They ARE part of the investing landscape so it is interesting to see their place/effect on the moves of an equity. Again ... room for all of you. Your finances are your business.
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.
Hi Richard... having a personal finance channel myself, I have to say I believe your logic to be incorrect. We NEED legitimate channels like yourself explaining which investments you have chosen & why,. We NEED to know why people shouldn't just copy off one person. We NEED to know the risk criteria of what to look for. Let's help make UA-cam a place where people CAN get the knowledge they need to be able to do this themselves. It doesn't matter that you have learned some picks from your team. Everything I have learned in my life, I learned from someone else lol. If you teach investing and finance but then don't show where you are putting your own money, you are doing a disservice to your audience. I love your work...but this is not right. Your audience would be better off for it. Don't hide your portfolio...educate. All the best!
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!
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 :)
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.
This is a honest message from a honest man. Trading platforms,banks, youtube etc. benefit from the hype, the fomo and each transaction/view their consumer make.
We thank you... it's a breath of fresh air... and dare I say sobering... us impressionable viewers do jump at the first recommendation of our revered content creators especially when whey present it as "look I just made this much money and you could too"...#notNotFinancialAdvice... so thank you for the grounding...
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.
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.
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.
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
As an aspiring finance UA-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.
I'm with you on this. It's why I watch you and Patrick Boyle the most. It's obvious you two know what you're talking about. When I first came to UA-cam, I found a whole bunch of channels, and it was clear in short time many of these people started learning a few months earlier, or just seemed to be guessing or have zero clue what they are talking about. I won't call them out. Regarding F/E, the guy is clearly smart, and I did learn a lot about what to look for and think about when picking stocks: reading financials, listening to earnings calls, etc. Unfortunately, the algorithm likes seeing listicles, and this encourages many UA-cam creators to create this short of content. I just have a major issue with people who don't know what they are talking about at all. I don't know the solution to this, but the other story of 2020 is how many people lost their shirt on the stock market, which is seemingly impossible.
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! :)
I enjoy your non click baitey, real world, down to earth videos and education. Keep up the great work. I can’t stand most other finance channels. Learn to invest with jimmy is good and pensioncraft with Ramin is also excellent
Good points - these are some of the reasons I started following this channel. You seem trustworthy because you're not hyping things up or trying to sell something, and sound responsible for the advice you put out. Unlike some others who film videos in front of their rented fancy cars and tell you how easy it is to get rich.
As a somewhat new investor who's made a fair few small but high-risk plays, I love this channel because it's a fantastic counterbalance to all the hype and FOMO I usually see so much of. It's fun to throw a few bucks you can lose into crypto or GME - and I will continue to do plays like that - but I know that the vast majority of my portfolio is placed in investments I'm comfortable with the risks of, and that won't disappear in a week. Thank you for the excellent advice and videos!
Very good points. I hadn't put a lot of consideration on the fact that certain portfolio picks may be good for some people and not good for others. However, I've always told anyone interested in investing that they should not be investing if they don't have a budget and an emergency fund set up. My investments are mostly boring. I put a lot into the S&P and DOW ETFs so I don't need to manage them. I've made a few stock picks, and I really like the value investing paradigm. I've had stocks that have all done pretty well (but it's also a bit of a cheat because they were all picked during a bull market). Now that we've had some downturn, most of them are still holding steady with a couple stocks that were hit hard, but are also a very small percentage of my portfolio, so the effect is pretty minimized by the diversification. I've had a couple of stock picks that have been doing really well through the downturn, and while I evaluated the financials and health of the company, I also think there is an element of luck there, and I wouldn't want to let any of these single stocks take on too much of my portfolio. Ultimately, it's boring to be told to spend less than what you make, pay off high-interest debt, build an emergency fund, etc before investing. Then it's boring to hear to invest primarily in ETFs like the DOW and the S&P, but they work pretty well, and set a great baseline with a historically great return of 8-12%. It's not get-rich quick kind of money, but after years of putting in money, it starts building up. For picking stocks, even if you're good at it, it still requires a lot of work to research the business behind it and the risk of picking it. People want to hear that you just look at some charts, make some trades and never have to work again, and that's just not the case.
Big high five for mentioning the idea that finances are extremely personal. And not a one size fits all kind of shirt. We all know how well people look in those.
I really like your angle, finance youtube should be more about education than trend and clickbait. Hopefully in the end the good voices will prevail. Thanks for what you do!
Agree. Before I started investing, I spent a year with a demo account, while watching all the Bagel and Patrick Boyle videos. Learn by doing could be expensive in this business.
I love your "serious" parts. So funny. Because we feel like we know you, and we know you to be very kind and polite, its hilarious to see you acting in a contrary way
Exactly why this channel is awesome. Whenever others share their picks, they immediately lose credibility to me. Others take advantage of their viewers to subtly control the market.
I alwsys get this feeling that they're trying to push an agenda when speaking about "X is going to skyrocket, hop on before it's too late" stuff. I'm not naming names, you know what I mean
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!
"UA-cam is for ENTERTAINMENT, people!" Me who's passed a lot of the classes in my business degree thanks to great educational content creators like you: 😳😳😳
Totally respect everything you just said dude and could not agree more. I too will not be receiving my portfolio as it is highly tailored to my specific requirements and risk tolerance. As an investment professional myself I would consider it highly inappropriate, and indeed dangerous professionally, to “advertise” a specific position. Very well done on taking a stand on this. I wish more of us were like you.
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
You're filling a huge gap online Richard. Finance UA-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
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 UA-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!
You have an amazing channel also. Both of you guys are great. Thanks
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 UA-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
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?
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!!
What worries me is that a lot of the more click-bait finance UA-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, UA-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.
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?
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 UA-camr or anyone is investing in it.
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..
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!
This is why I love your videos Richard! You are actually following your UA-cam mission statement of wanting to educate people on finance while keeping your personal bias out!
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!
Truth! I'm a finance UA-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.
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.
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.
You’re a person with integrity! That’s the reason I watch your videos :)
I love bagel, Ben Felix, and 2 cents; these channels are no BS and fairly objective when it comes to talking about finance.
"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.
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 UA-cam is a lesson I still have to learn :D.
Question is, how does one find or identify those videos?
Never change Bagel , I’ve been purging lots of Finance UA-cam channel but your channel always sticks around.
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.
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.
This video had me clicking the subscribe. Only to realize I was already subscribed... so I turned on the notification too.
Bruh
Man I'd love to see you on Grahams Podcast
Same
I appreciate how professional, yet relaxed your content is. Keep up the good work!
Richard, I appreciate your perspective. I’m regards to UA-cam I think you are selling it short. I’ve become a multi-millionaire primarily through stock research from education via UA-cam.
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
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.
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 😎
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!
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.
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!
Everything you just said was 100% spot on. It’s unfortunate some people won’t understand why and think it’s full of bs.
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.
You nailed it in this video. I truly hate UA-camrs recommending (!) specific stocks. Others just openly share their portfolio (which is okay I guess), but big UA-camr need to acknowledge that ultimately there will always be some people who will simply buy stocks they see in these portfolios without doing their own due diligence. It's quite a noble move not to share your portfolio holdings as a "portfolio video" would certainly attract many viewers.
Yep, cough cough Jeremy financial education. He used to talk Apple, Google, Amazon etc. These have huge daily volumes. But pumping small caps like Tattooed Chef of whatever while having reach over one million views (directly or indirectly) can move the price easily.
@@monsterboomer8051 Yeah recommending small or micro cap stocks that you own is clearly unethical.
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.
That's precisely why I am watching your videos. More education and less conflict of interests. Thanks.
The truth is stock pick hype videos get a lot of attention but I agree with you that more disclosure is needed. Great sharing and I aspire to be able to be as clear headed and transparent with my audience too! :)
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".
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
Your focus is different and it is appreciated ... I think there is room for all of you. I LIKE that there are day traders, scalpers, wash/rinse/repeaters, value traders, growth investors, dividend investors etc... I learn from all of you. The hype channels are fairly obvious and sometimes entertaining but it is still our responsibility to think and research. They ARE part of the investing landscape so it is interesting to see their place/effect on the moves of an equity. Again ... room for all of you. Your finances are your business.
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.
Hi Richard... having a personal finance channel myself, I have to say I believe your logic to be incorrect. We NEED legitimate channels like yourself explaining which investments you have chosen & why,. We NEED to know why people shouldn't just copy off one person. We NEED to know the risk criteria of what to look for. Let's help make UA-cam a place where people CAN get the knowledge they need to be able to do this themselves. It doesn't matter that you have learned some picks from your team. Everything I have learned in my life, I learned from someone else lol. If you teach investing and finance but then don't show where you are putting your own money, you are doing a disservice to your audience. I love your work...but this is not right. Your audience would be better off for it. Don't hide your portfolio...educate. All the best!
Totally agree with you. Everybody’s situation is different. There’s no one size fits all in investigating
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!
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 :)
Congratulations on your new designation!
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.
This is a honest message from a honest man. Trading platforms,banks, youtube etc. benefit from the hype, the fomo and each transaction/view their consumer make.
I love how you get to the point..no click bait!
We thank you... it's a breath of fresh air... and dare I say sobering... us impressionable viewers do jump at the first recommendation of our revered content creators especially when whey present it as "look I just made this much money and you could too"...#notNotFinancialAdvice... so thank you for the grounding...
You and "common sense investing" are two of the most reliable channels for knowledge and education.
Keep up the good work 💪
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.
He's dancing around it, but we all know he's just ashamed to admit that he's got a 90% AMC position.
Every finance UA-camr flaunts their wealth and portfolio, but Richard doesn’t need to because he’s got that Big Richard Energy and swag.
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.
Another sensible opinion and very good video, greetings from Brazil Richard!
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 UA-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.
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
I respect you for not trying to manipulate your audience with clickbaits and simplistic reasonings
As an aspiring finance UA-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.
I'm with you on this. It's why I watch you and Patrick Boyle the most. It's obvious you two know what you're talking about.
When I first came to UA-cam, I found a whole bunch of channels, and it was clear in short time many of these people started learning a few months earlier, or just seemed to be guessing or have zero clue what they are talking about. I won't call them out.
Regarding F/E, the guy is clearly smart, and I did learn a lot about what to look for and think about when picking stocks: reading financials, listening to earnings calls, etc.
Unfortunately, the algorithm likes seeing listicles, and this encourages many UA-cam creators to create this short of content.
I just have a major issue with people who don't know what they are talking about at all. I don't know the solution to this, but the other story of 2020 is how many people lost their shirt on the stock market, which is seemingly impossible.
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! :)
Such direct and refreshing honesty. This is anti-clickbait!
I enjoy your non click baitey, real world, down to earth videos and education. Keep up the great work. I can’t stand most other finance channels. Learn to invest with jimmy is good and pensioncraft with Ramin is also excellent
BagelBoi dropping the truth, every video, day after day.
Bagelboi 🤣
You also give off a complete different vibe than a typical “finance UA-camr” I love you vids..in the process of watching every single one😂😭
I'm doing the same, I started few weeks ago from the very first one he made 😊
You are The Catcher in the Rye for new/young investors. Thank you!
Makes sense to me, and I especially appreciate the comments about overconfidence! We don't know what we don't know until it happens
Thank you, I think your channel is more credible than many others. Additionally you make your content entertaining.
Nice work, keep going this way.
Good points - these are some of the reasons I started following this channel.
You seem trustworthy because you're not hyping things up or trying to sell something, and sound responsible for the advice you put out.
Unlike some others who film videos in front of their rented fancy cars and tell you how easy it is to get rich.
Thanks, so I've read between the lines and bought your stock suggestions : CFA, WORK, KHC, ARKK, TSLA and BUZZ. Better be a ten-bagger in ten years.
I love your level headed, honest approach. Thankyou!
As a somewhat new investor who's made a fair few small but high-risk plays, I love this channel because it's a fantastic counterbalance to all the hype and FOMO I usually see so much of. It's fun to throw a few bucks you can lose into crypto or GME - and I will continue to do plays like that - but I know that the vast majority of my portfolio is placed in investments I'm comfortable with the risks of, and that won't disappear in a week. Thank you for the excellent advice and videos!
You're the best and only investing finance channel I follow, because you cover all the bases
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!
Well, that's honest and sincere, not so common around UA-cam. Thank you so much!!
Very good points. I hadn't put a lot of consideration on the fact that certain portfolio picks may be good for some people and not good for others. However, I've always told anyone interested in investing that they should not be investing if they don't have a budget and an emergency fund set up. My investments are mostly boring. I put a lot into the S&P and DOW ETFs so I don't need to manage them. I've made a few stock picks, and I really like the value investing paradigm. I've had stocks that have all done pretty well (but it's also a bit of a cheat because they were all picked during a bull market). Now that we've had some downturn, most of them are still holding steady with a couple stocks that were hit hard, but are also a very small percentage of my portfolio, so the effect is pretty minimized by the diversification. I've had a couple of stock picks that have been doing really well through the downturn, and while I evaluated the financials and health of the company, I also think there is an element of luck there, and I wouldn't want to let any of these single stocks take on too much of my portfolio.
Ultimately, it's boring to be told to spend less than what you make, pay off high-interest debt, build an emergency fund, etc before investing. Then it's boring to hear to invest primarily in ETFs like the DOW and the S&P, but they work pretty well, and set a great baseline with a historically great return of 8-12%. It's not get-rich quick kind of money, but after years of putting in money, it starts building up. For picking stocks, even if you're good at it, it still requires a lot of work to research the business behind it and the risk of picking it. People want to hear that you just look at some charts, make some trades and never have to work again, and that's just not the case.
Big high five for mentioning the idea that finances are extremely personal. And not a one size fits all kind of shirt. We all know how well people look in those.
Good job for shining light on this. Bringing major awareness.
We always appreciate your honesty and integrity.
This has become one of my favorite investment channel.
I really like your angle, finance youtube should be more about education than trend and clickbait. Hopefully in the end the good voices will prevail. Thanks for what you do!
Agree. Before I started investing, I spent a year with a demo account, while watching all the Bagel and Patrick Boyle videos. Learn by doing could be expensive in this business.
You’re doing a great job; be proud and please keep these videos coming!
I love your "serious" parts. So funny. Because we feel like we know you, and we know you to be very kind and polite, its hilarious to see you acting in a contrary way
This guy keeps it real I always like this channel and content, which is always do your own research.
That's a really good, honest explanation! Keep up the good work, and keep us thinking about finances ;)
Any 5 minute history lessons in the future? Those were great!
Those were great! I loved them too!
Exactly why this channel is awesome. Whenever others share their picks, they immediately lose credibility to me. Others take advantage of their viewers to subtly control the market.
I alwsys get this feeling that they're trying to push an agenda when speaking about "X is going to skyrocket, hop on before it's too late" stuff. I'm not naming names, you know what I mean
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!
The part from 11:25-11:35 is freaking awesome, I'd watch that channel ten times a day lmao THE BAGEL BOY'S OUT THERE
The humility in this video is 🔥. I mean that. Keep it going dude!
"UA-cam is for ENTERTAINMENT, people!"
Me who's passed a lot of the classes in my business degree thanks to great educational content creators like you: 😳😳😳
It shows your professionalism, Richard.
Totally respect everything you just said dude and could not agree more. I too will not be receiving my portfolio as it is highly tailored to my specific requirements and risk tolerance. As an investment professional myself I would consider it highly inappropriate, and indeed dangerous professionally, to “advertise” a specific position.
Very well done on taking a stand on this. I wish more of us were like you.
all right, content is always pretty awesome but this one takes the cake, amazing
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