Recently, I've observed a gradual change in how people view finance influencers. What once served as a valuable educational …
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Recently, I've observed a gradual change in how people view finance influencers. What once served as a valuable educational …
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35 comments
I enjoyed your video! They all have nuggets of wisdom, but buyer beware! Jeremy Lefebvre is bullish (good thing) but pumps up losers: Avant Brands down 95%, Planet 13 down 70%, Tattooed Chef & Voyager Digital – both bankrupt. I’m sure there are others. And for joining his courses (and spending big bucks) you too can get sent a useless trinket in return. Meet Kevin, very intelligent but reminds me of a vacuum cleaner salesman from the 70's (constantly promoting his financial courses). Don't follow the crowd mentality: 1. Understand they are promoting their own agenda to enhance their pocket book, 2. Do your own research, 3. take responsibility for your actions – no one is forcing you to hit the buy button or forcing you to buy that course. Watch and read from the greats Warren Buffett, Peter Lynch, Jack Bogle and other and you’ll never need advice from anyone else.
Can we block all these problematic influencers? If they don’t get monetisation they will stop
anyone who says they can teach you to be rich quick is a scammer. 2 things which have helped me a lot-
Book- psychology of money
Warren buffet. His lectures, letters to investors. It’s always focused on long term
they stepped into a niche created by banker's avidity. Every kid think the bank is there to advice you and take care of your money, make it grow. It's all false we know it. But we still have to know how to manage our money and scarcity doesn't help as we then look for way to reinforce our convictions (biased) through other biased medias.Internet offers lots of information and there's no way we can educate ourselves by reading everything so we jump into what's close to us and would rather trust a stranger than offer an unrealistic dream than a relative trying to protect your assets. That's what it is. knowing to protect what you have before trying to make more because there's a risk.
If you put $150k into some random cryto…..omni or coolcoin….thats greed and putting $150k on a lottery ticket. Did you get scam? Or were you dumb AF and greedy AF.
I mean…you spent hours n hours of your life watching finsocials then go and burn your life savings like you didnt learn anything watching finsocials…..like who really is to blame???
You can feel sorry for grandma who got hoodwinked by snake oil saleman, but if you spent years on financial education, then get greedy and lose it all and its someone else's fault….🤣😂
If a channel is constantly promoting a service, chances are they're trying to sell you that service. If they're trying to sell you that service, chances are the service itself is not what's making the money but it is the sales of the service that is making them money.
If a channel is constantly talking about different banking systems, different investing systems, differentiating between what a Roth 401k and a regular 401k are, teaching you what a CD is, the difference between stocks and shares, then chances are these people are legitimate and are actually trying to help you.
Listen to the ones who are trying to educate you, not the ones who are trying to buy you.
They all look like someone who lost their job at subway to me
I watched Andrei Jikh and learned investing in stocks through his videos. Then he started posting conspiracy videos about the US economy collapsing and why we should all buy Bitcoin. He called this finance news.
Anthony Pompliano deleted his entire podcast The Best Business Show after the BlockFi scandal. Not your Keys not your coins
You can't save everyone, but you can save a few. Buy silver.
Meet Kevin is a trusted financial influencer
Imagine posting a video hating on Finance YouTubers. Learned a lot from them. 😂 downthumb.
Vanguard AUM $9 Trillion. JP Morgan Chase AUM $3 Trillion. Random Youtube Scammer AUM $1 Million. Listen to Jack Bogle.
I stopped watching Graham when he made that horrid Santa Monica video series a few weeks ago, blaming democrats and liberal policies for the homelessness crisis in Los Angeles. He's just another "anti-woke" asshole who would rather blame liberals than look at how his advice on investing in the housing market has attributed to the greed that's led to the housing crisis. Because that's what the real problem is. Investors buying properties to air b&b rather than real people who will live in those homes full time being able to have a chance to purchase them. It's so laughably out of touch.
If you believed some idiot randos online and made 'investments' as a result, you got exactly what you deserved.
Saya senang lihat financial influencer di youtube, kadang lucu dan kadang menarik. Cuma hiburan saja itu semua. Kita jadi belajar mana yang pintar dan serius dan mana yang menghibur saja mirip stand up comedy.
I lost 500 bucks on FTX when I invested after graham stephans suggestion. I'm just glad it was ONLY 500
The thing about all these “finance” influencers is they “teach” as such a surface level that they themselves require assistance in the mundane details of sustainability within their portfolio. While yes some may have knowledge through their experience…the cost/benefit of attempting to even teach basic economics and financial step by step analysis not worth the hassle and potential liability. Understanding primary, secondary, third, fourth, fifth markets as you stated are regulated. Their content is pure entertainment and that is it! Again entertainment ONLY!
You talk to a finance, accountant, and true real estate agent, the talks are very mundane technical talks (in some situations). I often question friends where they get the ideas of “finance strategy” and they often mention finance guru. Once you understand how volatility works in things like trading, formula use, quantitative measures and how trades with (data available occur) I often tell people to be very cautious on following trends from finance influencers. Again take it for what it is and don’t follow buy into it fully. They are in the large of views and retention.
Love that you used the old H3 vid on Tai lmao good times man!!!
Watch Patrick boyle
Same as when I was learning to program. First YouTubers you hit are the lifestyle focused course selling grifters who when you look back knew nothing more than a quick Wikipedia read.
Back in the television era, corporate media talking heads committed this type of fraud
Remember the cute quips (Apple stock is flowering)?
Heres a huge red flag Ive noticed with the "finfluencers": They denounce tried and true finance experts like Robert Kiyosaki and the dudes who wrote "millionaire next door."
Look, I don't blame youtubers. I used to subacribe to retirement finance subreddits until the idiots that infest those subreddits attack people who dare to challenge the prevailing orthodoxies.
These people are natural marks for any unscrupulous entity but they are also adults who are fully capable of making their own decisions. Even stupid ones.
I used to like Stephen Graham’s video when he just talked about everyday general finances. The day he started to recommend crypto to his viewers, I stopped watching him.
If they are selling something, it’s a scam. I value the education on how the market works, but it seems like they are mostly trying to sell a product or pump the price of a cryptocurrency
These people aren't trying to educate and help you, they're trying to get clicks so they can get paid
Proverbs 13:11 NLT
Wealth from get-rich-quick schemes quickly disappears; wealth from hard work grows over time.
They all make their money from youtube views and selling their shitty courses. If they were really making money in finance, they wouldn't waste their time on youtube. Youtube is ALOT of work and it makes up the bulk of their income. More than what they make from their investments. That's why they do it.
This is why I like the Plain Bagel and Patrick Boyle just information abd news, no scammy stock picks and actually spend time calling out the scammers just like what Coffee does
graham stephen has the same aura as tom cruise.
"Being perceived as greedy grifters" aka the truth
I don't know, I just see ppl blaming other ppl for their own decisions cuz they r lazy watch the video and if interested, do ur research, invest where u please, I've listened to no investors and lost money from my own research, not 10s of thousand but u lose b4 u win alot of times
Graham is scammy whoah I've been watching him for years and he seems legit
Just sit down with your local bank accredited financial asvisor they need to follow strict guidelines before durong and after giving you advice and best of all they reregistered to government or recognized acrresited institution that protects you in case of shdy advice. Take some time ait down with one ans talk realistically