Comments by "Supernova" (@MrSupernova111) on "The Plain Bagel" channel.

  1. Don't forget to diversify with more coins.
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  2. I agree. I remember asking people in the early days of crypto what their expected rate or return was and how they calculated their expected return. I never got a straight answer.
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  3. Your channel came recommended by "How Money Works." As someone with a finance degree I'm so happy that I'm finally finding the honest part of youtube when it comes to finance. The amount of misleading finance youtube channels is disgusting. Thanks!! Subscribed!
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  4. You should be asking how many people will be fired because their firms lost most of their cash held at SVB. Many of those firms won't be able to make payroll. But I supposed you don't care about that.
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  5. Very entertaining. Seems that your best investment so far is sitting next to you in this video. Cheers!
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  6. I'll watch more of your videos if you do.
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  7. Providing financial advice and marketing financial products should be illegal for anyone not licensed to do so.
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  8. The only people that fall victim to "pump and dump" scheemes are people who don't know anything about investing and are just following investing trends. I agree, that people with substantial share ownership shouldn't be making public statements about the health of the company or speculating about the stock price.
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  9. Well said! I'm about 20 years away from retirement and I fully expect to have some part time work during retirement. But the kind of work I do at that time will be something I enjoy.
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  10. Good video on the theory and technical aspects of interest rate hikes. However, the rate hike is only part of the story and I would argue that the bigger factors affecting the economy, and as a result the markets, are inflation and the war in Ukraine. My takes: 1) The most recent US CPI inflation rate was 8.5% far above the Fed's 2% target. Clearly, the Fed is already far behind the curve on this inflationary cycle and one thing you didn't discuss was the velocity of the rate hikes. Sure, if the Fed only increases rates by .25% at a time then the impact on the market will be less pronounced than if they increased rates at .50% or higher. But then, what happens if the Fed continues dragging its feet and inflation keeps rising? 2) The war in Ukraine is adding more inflationary pressure globally on food and energy prices. Central banks might not be able to mitigate inflation with traditional tools which might lead to a recessionary period regardless of what the central banks do. The question might not be whether we enter an economic downturn but whether we have a crash landing or a soft landing. 3) I believe much of the middle class is being squeezed financially as much as they can handle due to insanely high (overvalued?) housing costs and inflation. Let's face it, a large portion of middle class people can no longer afford to buy a house because housing costs over the past twenty years have far outpaced wages. This means that millions of middle class people are one emergency away from a financial catastrophe which could bring down the entire house of cards down similar to 2008. For perspective, there were 2.3 million foreclosures in 2008. 4) Let's not forget that part of the stock market's gains over the last few years, at least in the USA, are due to Trump's efforts to get re-elected. Remember that Trump passed one of the most comprehensive corporate tax breaks in decades and pressured the Fed to lower rates in 2019 because Trump is a "low interest rate guy." We could argue about how much influence these policies had on the market but its undeniable that they contributed to higher market valuations. 5) During the pandemic we saw governments dump trillions of dollars into the economy. The effect was that the (US) market doubled from 2020 to 2021. If that doesn't scream overvaluation then remember that during the pandemic consumer spending and commercial activity dropped dramatically. In fact, in the US we had two consecutive quarters with negative GDP growth. Some industries got decimated and who knows many many thousands of businesses closed their doors permanently. The Fed estimates that 200 thousand small businesses in the US closed permanently due to the pandemic but the real number likely much higher. In conclusion, I think its very possible that we're sitting on the largest bubble we've experienced since at least 2008. It only takes one segment of the market to pull down the house of cards that the market is currently sitting on. In one scenario, perhaps, we don't have a full blown recession similar to 2008. However, I think its very likely that the (US) market is still very much overvalued and we will enter a recessionary period of some sort within the next 12 months. In pre pandemic 2020 the S&P 500 was at 3,380. Today, almost exactly two years later the S&P500 is at 4,400. This means that the stock market experienced a 33% gain in the middle of a pandemic while commercial activity and consumer spending took a massive nosedive. I would ask how is that possible but we already know the answer. Lastly, let's be honest, if the US goes into a recession we're likely to bring down much of the first world with us due to our global economic influence. We'll see where all this leads but I wouldn't be too optimistic about market performance over the next couple of years.
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  11. Not only that but the quality of his lectures exceeds that of just about any paid course.
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  12.  @ThePlainBagel  . I think you owe it to your subscribers to talk about the underlying issues causing these bank failures: higher interest rates. Many depositors are withdrawing money to invest in CDs and treasurys while the cost of capital for bank rises. In the meantime, the Fed plans to continue raising rates and HTM holdings in balance sheets continue to depreciate. This is a systemic issue. SVB and SBNY are only the first affected (the weakest links out of the bunch). The US government felt the problem was severe enough to bail out these regional banks and find funding to bail out future banks. I'm not asking for predictions. Just a complete and honest picture.
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  13. Sounds right! haha
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  14. I thought this bank failure was an isolated event. You care to elaborate? Also, please pin this comment so we can see replies at the top of the comment section.
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  15.  @chesshooligan1282  . I think the problem isn't the investment choice. If UK pensions are anything like US pensions the problem is corrupt politicians making promises they can't keep. You should look up how pensions work before passing judgement.
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  16. There won't be a "raging bull" market this time around 2-3 years later. Keep dreaming! LOL
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  17. Investor can sell their shares after a tender offer to take a public company private. Usually, the company will continue to trade at the offered price until its taken private. Investors don't have to wait for the company to actually go private to sell their existing shares. Existing investors might lose out on perceived intrinsic value but that just part of the game.
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  18. Huge fan of Dr. Aswath Damodaran here from back in my college days. He's a legend. Cheers!
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  19. But the Plain Bagel says don't worry about it while your portfolio gets decimated and you potentially end up unemployed or squeezed by inflation. LOL
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  20. Bro, you have no idea how sick and tired I am to hear that phrase. I'm also a finance nerd and it irks me to hear these scams over and over. Great video. Thanks!
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  21. Exactly!! This is the kind of stuff that channels like this one should be making. However, as usual, these financial experts got a bullshit excuse for everything with little to no context. Their answer is always the same, stay put while they continue raking in fees. They just can't help themselves even when making youtube videos. lol
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  22.  @do9138  You people need to learn how banking works. Clients attempted to withdraw $42 billion from SVB on Thursday causing the bank to collapse. Not a single bank in the USA has 100% reserves. A run on the bank can happen to any bank including the big ones like JPM, BAC, WF, etc.... If you think you and your bank are immune from runs on the banks then you're a fool.
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  23. I can agree with this. As a finance nerd myself I'm tired of the endless financial garbage is constantly being added to my feed and recommendations. The worse ones are the ones pointing at text within their worthless videos.
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  24.  @dr.carrot756  . Thank you so much for the response. Cheers!
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  25.  @ariefraiser140  . I have a degree in finance. I don't use rule of thumbs to forecast cash flows or future value. If you think you can get an 8% rate of return during retirement then go for it. But no one is going to offer you a higher return without higher risk. When you see your portfolio get cut in half like it happened in 2008-2009 because you demand a higher return you'll be singing different tune. Good luck!
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  26.  @interestingcommentbut....7378  . Don't count on it! Take a look at some historical data for context.
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  27.  @shanejones578  . If, if, if, if ,if ,if ... In other words, you're clueless. Thanks for nothing. lol
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  28. Can you elaborate on this part?: " The reason stocks tend to perform poorly over a rate hiking cycle is because funding mechanisms dry up and debt markets become illiquid as collateral is hoarded. "
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  29. Fellow American here. That's true. But you also need to seek out the news you want to know about. I find that the American media does report on a lot of international news but you have to go to their website and read the articles. Complimenting American news media with other sources is a great idea though.
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  30. Interesting topic. Next video should be how the wealthy use bankruptcy to circumvent paying off their debt. We all know that bankruptcy laws for the wealthy are different from laws for the common folk. At any rate, personal bankruptcy should be avoided at all cost if possible as it would take many years (10+ years) to recover from it.
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  31. Publishing factual information is important, especially for someone with a CFA. Read their code of ethics if you think accurate reporting isn't of upmost importance. And no, QE didn't cause inflation. The data doesn't support the claim that QE caused high inflation today.
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  32. Calculating expected value isn't difficult. To determine which portfolio management method to use you need to know your expected rate of return and your risk tolerance. No one can tell you what that is but financial advisors will be happy to sell you whatever you want.
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  33. As it should be. I have a degree in finance and I studied this stuff in college. I even did various evaluation presentations on banking and I still have to reference information because its a lot of technical data. To the last point, none of these matters now for the layman because the FDIC is backing all depositors.
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  34. Tips for Becoming an Investment Analyst: Stop getting your career advice from youtube.
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  35. Asset prices aren't included in CPI (inflation) calculations. This is why you should do your best to purchase and pay off your home before you retire so that you have control over your housing cost.
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  36.  @ariefraiser140  . That's subjective as we can't predict the future with certainty and you choose the level of risk acceptable to you. But I side with the video on 4.5% rate of return in a post retirement environment - especially when you consider today's interest rates on fixed income. Shooting for 8%+ rate of return in a post retirement environment comes with a lot of risk. To each its own.
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  37.  @samsonsoturian6013  . Don't make false comparisons.
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  38.  @samsonsoturian6013  . Blocked. Go waste someone else's time.
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  39.  @tenaciousdean6179  . Your responses were incredibly insightful! In the US when we talk about pensions we primarily talk about define benefit plans and this was part of my confusion. You're correct that in the US 30 year fix rate mortgages are the norm. Thank you so much for your insightful responses! Cheers!
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  40. The biggest problem isn't contagion in the sense that SVB will take down other banks due to association. The concern is that this failure was partly driven by increased federal interest rates. WSJ reported that the top 24 banks in the US have $300 billion in unrealized losses from HTM bonds in their balance sheets. I'm surprised that you brushed over reserve requirements which could trigger bank failures across the US as economic activity potentially declines and federal interest rates go higher. Also, while the effect on other financial institutions might be subdued this bank failure is sending ripples across and untold number of firms that relied on SVB for financing. This was a very rushed video and watered down explanation of the significance of SVB's bank failure in particular.
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  41. The vast majority of millionaires under 40 aren't self-made millionaires. I'm a finance nerd by trade and education and I've run various models trying to figure out what it would take to become a multi-millionaire with a regular job. The only exception to time invested (think decades) is inheriting money. Whatever you think you need to live a comfortable retirement - double it.
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  42. Agreed!
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  43. Not even close. The only similarity between those is that they are all financial firms. You're comparing highly leveraged institutions ran by drunken sailors to a run on the bank.
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  44.  @mysterioanonymous3206  . You don't care until you're the one losing money then you'll be crying for government assistance. Just another hypocrite.
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  45. Have you stopped publishing fluff with ads on youtube and gotten back to real finance?
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  46. At 38 you still have time to make up for lost time. Invest everything you can into the market and invest in yourself so you can earn and save even more.
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  47.  @CockatooDude  . Excitement over ethics. Society in a nutshell.
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  48. The market returns 10% per year on average. I think The Plain Bagel was assuming a equity/bond mix which could yield 7% on average. If your investments only yield 3% per year, on average, you're getting ripped off.
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  49. See my other comment for my take on the subject. The rate hikes alone aren't the issue and its impossible to answer the original question without considering other aspects of the economy.
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  50. I liked the part about taking personal responsibility for our own investments. This is particular important dealing with shortsighted political zealots who love playing the victim. As a finance nerd myself I'm glad that many people are interested in finance but most people have no interest in putting in the time to learn security, market, and economic analysis.
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  51.  @thatguyshaq7053  . Do you understand the difference between theory and applied knowledge? There is nothing useful in this channel for people who actively manage a portfolio. You don't need to watch hundreds of youtube videos that all lead to the same conclusion (for dummies) - diversify. If the plain bagel could run a multi billion dollar fund profitably he would do it. Instead, he reads a script on a youtube channel. This channel is nothing more than financial entertainment like the rest of them.
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  52.  @ThePlainBagel  Its entertaining. What can I say?
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  53. I have a degree in finance and even so I thought myself how to use Excel. I started by taking on projects like building DCF models and performing market analysis. Then I read the Excel Bible from front to back. Today, I'm doing work projects that include using Power Query to handle as many as 500k+ rows of data - something that Excel functions can't easily handle with that much data. Next, I plan to teach myself VBA using books and youtube videos. Excel is rather easy to learn if you assign yourself projects and start working with the program. The rest you can learn for free using google. Exceljet is a great source for referencing functions and Leila Gharani on youtube has great content among others.
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  54. Companies buy (retire) and issue shares all the time. Ever heard of buybacks? How about stock splits? Also, note that the shares you buy and sell over your app are from a secondary market. As our friend the plain bagel mentioned the firm can raise money by issuing more shares (equity) but they can also raise money through debt (bonds or loans). Most people who trade stocks have no clue how all this works but are out there buying and selling stocks clueless of the mechanisms that affect their stock price. There is also something called the float which is a portion of the total outstanding shares available for trade. You should look up all this stuff if you're interesting in trading company stocks.
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  55.  @xen.7140  . Clueless!! hahaha. Try comparing this economy with a similar one. The market is driven by the economy. Not the other way around. LOL
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  56.  @sml6570  . People should stop pretending that they understand security analysis and much less economic theory. I have no problem calling out people who clearly don't have a formal education in subject matters like finance and economics then brag about investing. The people that commit suicide over the stock market are YOLO investors. There is nothing you or me can about addicts and irrational people.
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  57. Obviously, this topic isn't "super clear" when you're asking a very basic question about stock options.
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  58. Because the USA was left as the biggest producer and lender while the rest of the world was left in ruins.
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  59. That's also an easy way to get in trouble with the IRS because its to easy to start adding things that aren't necessarily business expenses to the list. Also, a business requires that you maintain and pay for a license so the benefit would have to offset the cost. If you never make a profit but continue claiming tax credits its only a matter of time before the IRS comes knocking at your door.
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  60. Bro, I think you're confusing things. Volatility is risk - the risk of losing money. But the two charts you showed at 3:50, assuming they are multi-year charts for company stocks, reflect the valuation of future cash flows. We could argue that pricing captures both risk, in the form of volatility, and valuation of future cash flows. I wonder what your boss would say about your video and I wonder how he would react when your clients start asking for more in depth market research and security analysis because you felt that pricing doesn't capture risk.
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  61.  @pazuzuxx  Damn boy!!
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  62.  @walnutinvesting689  What the hell is FIRE??
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  63.  @walnutinvesting689  . Ok. Thanks!
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  64. The Plain Bagel did a video on the Fed recently where he talked about Federal Reserve Dollars. Look it up. I think it indirectly answers your question. In short, USD is funny money anyway so I think it just gets retired. Good question!
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  65. 0:54 "Simp?"
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  66. Fear is exactly how religion and politics work. If you scare the population to death you can get them to do anything. Just look at the insurrection at Capitol Hill in the USA.
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  67. As an American I have a couple of questions. Does your pension allow you to choose investments? Also, do you know what the typical asset allocation for UK pensions look like? Pensions in the US usually have a guaranteed fixed income during retirement so I don't see how making asset allocation choices make any difference to the retiree. Also, I believe most US pensions are funded by PE but I could be wrong on that. Do the majority of mortgages in the UK have adjustable rates? In the US most mortgages have fixed rates. Thanks!
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  68. I have a degree in finance with a strong focus on security valuation and I think this video is conflating valuation of future cash flows with risk. I argue that current and past pricing captures both. Regardless, someone with formal education shouldn't be making investment decisions purely on pricing. For this we need market research and security analysis which can get overwhelming when you're discussing portfolios that hold 100+ investments. Hence, the reason why we use pricing to talk about pricing as volatility.
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  69. Come to Central Texas. You'll experience extreme heat and high humidity. The best of both worlds!
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  70.  @beckyweisfeld6977  . Sky news and France24 are also great.
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  71.  @itscocoasweetheart956  . Thank you! Finally someone paying attention. The problem is that 99% of comments are from people who don't work in the industry and don't follow finance closely through reputable sources like FT or WSJ. This video is a very watered down version of what happened and downplays the significance of these bank failures. People should be very afraid if more banks fail in the near future.
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  72. Good video. Thanks!
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  73. Good video. Maybe you can do a video comparing the asset allocation of pensions across countries such as the US, Canada, and the UK. From what you said it sounds like UK's pensions are mostly funded by bonds while in the US I believe private equity makes up the largest portion of their assets.
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  74. Finance is boring by nature. People don't want reality. They want fantasy and that's what they get with the Wolf of Wall Street.
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  75.  @samsonsoturian6013  . Where is he now? Free and still scamming people.
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  76. Good video! However, please turn down the music in the future. Also, this video left out how to achieve retirement financial goals which is the hard part. In my opinion, the online calculators are nice but there is no substitute for entering all this data in a spreadsheet to calculate savings year by year and arrive at a more realistic figure at the time of retirement. How much do I need to save every month to achieve $1.7 mill in retirement? That's the question that matters most.
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  77.  @13loodLust  . Because retail investors don't invest billions of dollars into a single stock and have zero chance of moving the price with their own trade. A hedge fund trading billions of dollars might want to trade in a dark pool for privacy issues or to prevent other firms from copying their trades.
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  78. You should have paid more attention.
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  79. Sure. But remember that the markets can remain irrational a lot longer than you can remain solvent. Good luck! LOL
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  80. ​ @matthewdrews  . 12:34 Less than 24 hours after this video was published another US bank failed, (third largest in US history), First Republic get's a $70 billion infusion and the FDIC and Federal Reserve announced that they created Bank Term Funding Program to fund future banks at risk of failure. Clearly, SVB's failure wasn't contained or isolated. Seems the US Federal Bank and Treasury Department agree.
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  81.  @deepmind3996  . Good question, but I doubt you'll ever get that kind of technical information in youtube channels.
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  82.  @VirtualDarKness  . Thank you so much for the response! Cheers!
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  83. Do you recall how the market did in the mid 70s when inflation went from 3% to 12%? Let me juggle your memory. The market dropped in half.
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  84.  @michaelswami  . Let me be clear. You're wrong. For one, we can both agree that everyone's financial situation is different so this notion of "staying the course" is meaningless. But, more to the point, losing half of your net worth at any point in time is never "OK." That's like arguing that you don't mind being robbed of half of your net worth because you can make it up later. I would assume that because you watch channels like this one you are interested in actively managing your retirement account whether you employ simple or sophisticated strategies. If you're just blindly dumping money into your retirement account and hoping for the best then you're not really managing an investment account and it would seem pointless to continue this discussion. Good day!
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  85.  @michaelswami  . If you want my take on the topic of this video look up my other comment where I listed my takes on the current economic situation. Enjoy your day!
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  86. The buyer doesn't need all the shares - just the majority or more accurately the majority vote. The buyer can influence enough stock holders to force the company to sell. I've never been in such a situation as an investor but trades are usually done electronically like anything else. My guess is that when the company officially goes private your shares will be forcefully sold and you get your money back in your account.
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  87. Thanks for the "money and banking" college course refresher. Cheers!
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  88. That's my next goal. Did you use Excel's Power Query to pull the data directly into Excel? How do you keep your file organized and not copy over old data with new data? Or do you just replace the entire time series each time you load the file?
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  89. That's true. But I think the video is saying that derivatives were used to leverage the investments so when the market crashed pensions had to sell their positions to cover the loses.
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  90. There is an argument to spread your wealth with different institutions. Wealthy people would never trust all their money to just one institution. Why should we?
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  91. In the US there are different types of pensions and they have different levels of risk. A pension from a for-profit company is vastly different from a government pension. A pension from the local government and one from the state or federal level are also very different. Its highly unlikely that a pension from a local government will default but its possible as we learned from the City of Detroit. In that case, pensioners had to make concessions after the city declared bankruptcy. However, in the history of the USA a state has never declared bankruptcy and technically a state can't default on pension liabilities because the state has the ability to raise revenue through taxes. Of course, there is a limit to everything so the truth is that we have no idea what happens when a state defaults. That said, this is a very interesting subject that is largely ignored in the financial world and you could do it justice by putting out a well researched video with examples to discuss pensions and their liabilities. It could be argued that government pensions are insolvent in the long term because politicians make promises that they can't keep and won't be held accountable many years down the road when the pension starts to run out of money to meet liabilities. Pensions are under a lot of pressure to seek investments with a high expected rate of return to meet obligations. Some people believe that pensions are a multi-trillion dollar time bomb in the USA waiting to implode. What happens if a state level pension defaults? How could a multi-trillion pension time bomb in the USA affect the rest of the economy, taxes, pensioners, and our way of life? Should we be fearful? Should pensioners also invest in a defined contribution plan?
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  92. Yeah, until its your money at stake then you'll want government bailouts. GTFH
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  93.  @ryh5169  . Agreed. Cheers!
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  94. Yep. I have a degree in finance and I work in the industry. As a kid I loved these movies until I better understood what was really going on. Its a shame our society celebrates criminal behavior.
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  95. The 4.5% figure is the rate of return that you might expect of your investments in post retirement as you shift your savings from public equities for fixed income (bonds). Nothing to do with inflation.
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  96. If Excel gives you ptsd then you aren't using Excel correctly and see it as a cumbersome task. When you find yourself spending hours doing manual work that can be automated you'll gain much appreciation for tools like Excel.
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  97. Exactly! Our friend has managed to build a youtube channel by reading a college textbook and adding infographics to the videos with little to no substance.
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  98. Clueless!
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  99.  @Jacksonville311  . SVB wasn't a "localized" situation. It was in part caused by higher federal interest rates. Could happen to any bank including JPM.
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  100. I recommend a book called Financial Shenanigans if you want to learn more about accounting gimmicks.
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  101.  @interestingcommentbut....7378  . I can agree with that. But the notion that we'll see a "raging bull market" anytime soon is wishful thinking. History says otherwise.
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  102. You're confusing incompetence with corruption.
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  103.  @chowsquid  . I disagree. The government, at all levels, already borrows from the public in the form of bonds and treasuries.
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  104. Unless you trade swaps for an institution this is way above anything you ever need to know. Its also very complicated. I took a college course in international finance and calculating costs/profits on swaps was no picnic.
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  105. Agreed!
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  106. HFTs figure that out decades ago. I'm sure you heard of LTCM. Algos work until they don't.
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  107. I think you meant your two "favorite youtubers." Someday you'll realize you've been fed garbage most of your life and you took it as gospel.
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  108. Bro,. slow the phuck down! Also, why you ditch the business suit? You trying to appeal to the clueless and financially illiterate majority?
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  109. Lehman was "oversold" as well just before they collapsed. lol
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  110. You should read a good book on security analysis. None of what you said makes any sense - especially the last part about Tesla taking over Toyota's market cap as there is no direct link between profitability and market cap. Toyota is a far superior business to Tesla as we can see by comparing financial statements - not stock prices.
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  111. He's clueless just like the rest of of them. But like the rest he sure loves making up bullshit excuses for everything. LOL
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  112. I mentioned something similar to your last point. I think this video conflates volatility and valuation of future cash flows as captured in pricing. I firmly believe that pricing captures both risk, in the form of volatility, and valuation of future cash flows. There are other factors involved like the lifecycle of the investment but in the real world when we have client's with 100+ investments we can't realistically sit there and discuss how market research and security analysis might affect pricing of each individual investment independently from one another. Hence, why we use historical pricing as a means to capture risk. Volatility as reflected in historical pricing might not be perfect but used in combination with research could be very effective in mitigating portfolio risk. My two cents.
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  113. Because the general public is clueless and expect the world to evolve around their lifestyle. Nothing is certain in the world but investors expect a smooth trend with each quarterly report. Also, investors are emotional.
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  114. You clearly don't realize the amount of money at stake here. People get paid handsomely, think millions, to keep such company secrets. Try to see the world from outside your bubble.
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  115.  @bluestriker256  . Doesn't hurt me any. I just want to make sure you understand that people in those kind of situations have a lot to gain by keeping their mouths shut. There is also the possibility of liability for spreading company secrets.
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  116. hahaha
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  117. Like a fugazzi. lol
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  118.  @Fishmans  . Its a dumb premise to being with. Of course there is no single indicator that will predict market performance.
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  119.  @ThePlainBagel  . I understand all this. But at the end of the day we have a responsibility to clients and they demand that we define risk. We can't tell them to just trust our research and assumptions without something concrete to back up those claims on risk. Hence, we use historical pricing to measure risk whether we use standard deviation, beta, or any other metric that measures risk per changes in pricing over a period of time. Back to my point, I think pricing captures both risk and fundamental valuation. Whether the market is irrational or whether we got the valuation correct is another story. Cheers!
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  120.  @ThePlainBagel  . Also, I'm aware that there are a myriad of other factors that go into making investment decisions like time horizon, economic conditions, geopolitics, and business cycles but at the end of the day we need to define risk in a quantitative way and historical pricing allows us to better understand risk. Cheers!
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  121. Our financial system would collapse and you better start growing your own food. LOL
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  122. That is an extremely time consuming process that would take hours to explain. You're better off learning how to do this on your own. Plenty of good books on the topic to learn how to perform your own security analysis. Even if he were to do it you gain nothing from it unless you're willing to do the same. We're talking days or weeks doing security analysis and having to update your data over time on a single stock.
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  123. Stagflation? I think you mean inflation.
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  124.  @silversoul5285  . Peter Lynch is a hypocrite. Its impossible to arrive at fair intrinsic value of a firm's future cash flows without taking into account the economy at large. Its mathematically impossible. Any investing without accounting for the macro economic environment is just wishful thinking. People who can't understand this shouldn't be giving financial or investment advice.
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  125. That's not entirely true. There are hedge fund strategies dedicated to analyzing price action and exploiting what they call market dislocations. Our friend the plain bagel is an academic and simply regurgitates academic theory which resonates with the common person who is risk averse and doesn't know any better. The common person should probably stick to maximizing their 401k until they retire but not everyone is in that situation.
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  126. Thanks for chiming in! Could you share any good books on investment risks?
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  127. lol
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  128.  @samsonsoturian6013  . That's not a pump and dump scheme. Enron was a firm with a real product and revenues. What happened at Enron was accounting fraud. Nobody is safe from risk but not all risks are "pump and dump" schemes.
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  129. Do you mean the same clown that calls himself a financial guru but turns around and endorsements FTX while his clueless followers get taken to the cleaners on their FTX investments?
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  130. You got that right! And those that get caught go straight to prison.
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  131. I think you mean the self appointed "low interest guy" Donald Trump. The same guy that go us into a trade war with China just before he was swiftly removed from the White House and the same guy who gave corporate America the largest tax break in decades!! LOL
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  132.  @crk140  . Are you listening to yourself?? hahaha
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  133.  @crk140  . You have to be real ignorant to think that today's inflation was created overnight due to Biden's babbling. All your arguments are entirely focused on political mudslinging. Go take some economic courses so you can hold an objective conversation about economics. Good day!
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  134. The video is just telling you that if you earn 4.5% return on investment and inflation is 2% then you really only have 2.5% REAL return on investment. You can change the numbers to whatever you feel is more realistic. But the REAL return of investment is the net amount after inflation.
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  135.  @reformed_attempt_1  . Nothing was reinvented. This is common sense. Read my other reply.
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  136.  @zarifshoeb  . I'm not going to rewatch this useless video 3 years later to find out where the mix up happened. But the formula for real rate of return and simple return are not the same. Look them up as it might clarify the example. I'm not going to bother any further. Good day!
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  137. ​ @TiredBush  . I started a main thread in the comments which you can look up. But if you truly want to learn more about this bank collapse you should read the WSJ articles. For context, the top 24 banks in the USA currently have $300 billion in unrealized loses due to increased fed rates effects on the bond market. SVB is sending ripples across the economy as many of their VC clients struggle to figure out how to do basic things like cover payroll. SVB is being accused by clueless chatters for being over leveraged or making too many risky loans. However, the truth is that the bank put their money in the safest assets possible but collapsed anyway because the increase in fed rates caused the unrealized loses which spooked clients causing a run on the bank. A run on the bank can happen to any bank including the big ones. Banks have very little reserve capital and are not a single one is immune from a run on the bank. Contagion is a real concern in this environment.
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  138. What percent of UK mortgages have adjustable rates? I live in the US where the majority of mortgages have fixed interest.
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  139.  @nathanwaight  Sounds like a recipe for disaster. Thanks for the info!
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  140. Bro, I'm surprised that someone with your credentials can screw up the CAGR calculation so badly on a public video. I like your channel but you can't make these kind of flubs especially with your credentials. You should know that inflation doesn't reduce your earnings upfront and that taxes aren't triggered until you sell.
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  141. I think there is value is some of those courses or bootcamps. For example, if you learn to code in python and complete a couple of projects during the bootcamp then you got something out of it. Sure, it won't qualify you to work with neural networks but maybe its enough to get their career on track. I work in finance and adding some programming to my skillset would be a great investment.
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  142.  @tommiranda3158  . You clearly don't understand that the wealthy use accounting methods to shield themselves from personal bankruptcy. Hence, why bankruptcy for the wealthy is different than for the rest of us. The wealthy play by different rules. Try to keep up kid.
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  143. Agree! These financial experts are either clueless or in collusion with the elite who are laughing their way to the bank as the rest of society is left holding the empty bags.
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  144. Good point!
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  145.  @xynyde0  . Rising interest rates are neither "limited" in scope nor "idiosyncratic." Immediately, after he said that in the SVB video two other banks failed. Now, another failed. These are systemic issues and its why the Fed and the FDIC decided to fully back all deposits instead of the $250k limit. Finance professionals are trained to regurgitate whatever nonsense to keep the fees coming and downplay market conditions. They can't help themselves even as the banking system starts to collapse.
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  146. Of course its possible. Just be born into wealth or hit the lottery. Common people who want to retire early have no clue how inflation works and if they manage to retire early they end up going back to work at some point. My rough estimate is that someone who retires at 60 and expects to live another 20 years will likely need at least $1.5 million or more to live comfortably over that 20 year period. Of course, they could choose to live in the middle of nowhere and keep their cost of living very low but I think that kind of retirement is not what most people want. Someone who wants to retire at 30 or 40 isn't going to stay retired until 80 or 90 with less than several million dollars. Plain and simple. Note: I posted this comment before watching your video but I've researched this topic extensively in the past.
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  147. The Smartest Guys in the Room. Phenomenal film!
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  148.  @niveaulimbo6101  . Which is necessary to properly construct a portfolio. Hence, asking for help to construct a portfolio without understanding the individual components is like asking how to build a house with no construction experience.
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  149.  @niveaulimbo6101  . You can't construct a portfolio without knowledge of the individual components. Try grabbing a hammer and start building a house with no experience. You can't learn this stuff by watching a youtube video. Get it through your thick head.
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  150.  @niveaulimbo6101  . The only one rambling is you. Stop wasting other people's time with nonesense.
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  151. Relax
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  152. I like the second part of your comment. That's good! lol. But if you're serious about managing your portfolio get some books that give you the academic theory on how to perform security analysis. Then get another good book or two on economic theory. Once you have a good understanding of these two very complex topics pay good attention to what's going on around the world. Then you're ready to send these financial "geniuses" packing and take control of your own future. Trust me, these financial geniuses have no clue in which direction the market is going. This is why they always recommend to stay put. They're clueless!! Anyway, good luck!! Edit: I might even recommend that you get a good book with academic theory on fixed income but you could execute a simple investing strategy without this knowledge. However, with the additional knowledge of the fixed income markets you'd be a financial sniper. As I said, good luck!
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  153. The video is convoluted. You're better off doing more research because I think our boy is confused on this one.
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  154. There are different forms of risk. Volatility is just one of them. I think this video is a disservice to non-professionals.
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  155. Is bitcoin one of the scams?
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  156. You can check the FOMC's public statements on their website.
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  157. lol
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  158. I love the examples! And I hate scammers including the clown that wrote that book. Cheers!
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  159.  @001sander2  . Good luck!
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  160. Yeah, this video is silly.
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  161. It would take several videos to cover all those topics. I suggest you stick to your college textbooks.
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  162.  @13loodLust  . You should pay more attention in school. Dark pools have their purpose. If you're Warren Buffett you need a way to trade billions without moving the price of the stock your trading.
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  163.  @13loodLust  . That's besides the point.
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  164. I think you're confused. You should do more research on this topic.
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  165. 7:16 how do you think today's billionaires earned their wealth? Did they dump money into a 401k until they became billionaires? LOL 10:12 Are you familiar with Warren Buffet? Your mistake is thinking that people can't handle learning new topics while in school. You're trying too hard to represent the industry while your focus is making youtube videos. Ironically, the fact that you run a youtube channel means that you agree with the guy at 7:16 or you wouldn't invest time, money, and effort into making youtube videos.
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  166. FINRA and the SEC come to mind. Our industry is heavily regulated. The last investment firm that I worked for had me, at the time of hire, scan my fingerprints and check my financial and criminal background. On top of that, FINRA keeps records of all licensed professionals in the industry and any securities law violations on their site for the public to see.
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  167. Yep. This video is rather convoluted and a disservice to non-professionals.
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  168.  @moalboris239  . Let's say you make $120k gross per year. Take out taxes and rent in major cities where they pay that kind of money and redo the math. I think you'll find the romance one-sided. I live in the Boston area. Trust me, $120k is peanuts here and you surely won't become a millionaire off savings within a decade making only $120k per year. Now, what percent of the population do you think make $120k or more per year? Re-read my original comment and think about it this time.
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  169. You need to stop putting out fluff like you have been doing over the past several videos.
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  170.  @ThePlainBagel  . Don't give these scamming bots the time of day. Report them and get them banned.
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  171. Great point!
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  172. If your checking account balance goes up or down 30% any given day at no fault of your own, do you not think that's a risk to you? Volatility affects long term investments as well because unless you plan to never sell your investments at some point the long term becomes the short term.
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  173. Exactly what I was thinking!! I used macros in the past as well but now I use Power Query for the most complex projects. Some tasks are more difficult than others but I spend as much time as needed to come up with solutions that are intuitive and easy to update. The problem with macros is that if you change anything in the file the macros breaks down and most people won't be able to quickly fix the problem.
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  174. The banks can't pass on the full inflation rate to the consumer because then consumers wouldn't take out loans unless they were desperate. As a rule, desperate borrowers have higher risk of default. This means banks have to take a loss in the short term and hope they can make it up later as inflation comes back down. The real rate of return for banks is negative when inflation gets too high and economic activity declines which means banks are essentially trapped in inflationary periods.
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  175. The stock price is just a battle between sellers and buyers. For the price to move one side has to inflict more pressure than the other. If there are more sellers than buyers the price will go down until there is an equilibrium between buyers and sellers. Otherwise, if sellers continue to win the battle they can drive the price down to $0. Usually, the stock price will be halted after a certain point and potentially dropped from the stock exchange before it goes to $0. Either way, this isn't good unless you have put options on the stock.
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  176. Its a rip off. The guy in the video had a point. Outside of the employer match there is little point in investing further into a 401k other than the pre-tax investment benefit. Today's billionaires didn't earn their wealth through a 401k. This is the part that most academics like our friend the plain bagle conveniently ignore. In all reality, 401ks are designed for financially illiterate people.
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  177.  @RemotHuman  . You're 100% correct that being a business owner is riskier than saving pennies every month for decades on end. That said, we choose how we want to live and many don't want to wait until they-re 65-70 years old to enjoy financial independence. On one hand we have the billionaires of the world and the countless millionaires who took a chance and then we have the masses who will spend their lifetime in the office doing meaningless work hoping to be financially independent at 65-70 years old. As I said, the guy in the video isn't entirely wrong.
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  178. Same! I spend all Friday evening working on a template to migrate 500k rows of financial data using Excel. I used Power Query and I'm very satisfied with the end result. It sucked working late on Friday but result is very clean and my team will know I built it to save them lots of time doing tedious manual work.
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  179.  @ichagala4974  haha
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  180. 12:34 "limited" and "idiosyncratic" as central banks around the world brace for impact. What a joke!
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  181. Absolutely! Today, with 365 and Power Query the only real limitation is size. Otherwise, there isn't much that Excel can't do in terms of analysis and data transformation (ETL).
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  182.  @zvxcvxcz  . I'm tired of you. Blocked.
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  183.  @tryrshaughroad551  . Sounds like bullshit. I have a degree in finance as well and there is nothing fun about going through 10-ks (mostly black and white) with over 100 pages long and doing research that might take days or weeks to produce a proper security analysis paper that nobody is going to read.
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  184. I'm still trying to wrap my ahead about trading stock options without owning the underlying security. What happens when you want to exercise a call option ITM and you don't have the money to buy the lot of shares. Do you have get a loan or go on margin to exercise the option?? Also, I don't understand how you can offset the cost of options by buying more options.
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  185.  @mrcosmojones880  . If I understand correctly, "exercising the option" is not the only option. Someone who owns a "call option" ITM could also sell the option in the open market and liquidate the position without ever owning the underlying lot of shares. Does that sound correct? Does that sound right? The other part makes sense.
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  186. Keep dreaming. Also, inflation barely mentioned in this video. See my other comment for my take on the subject.
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  187.  @UAGuides  . I agree 100%!! I have a degree in finance with a focus on security analysis and have worked in the industry for a number of years as an analyst. These gurus are nowhere to be found when you need their advice the most (at the height of the market). However, they got every bullshit excuse when things go south. I would advice anyone interested in learning how to manage their portfolios to stay far away from financial gurus. The dirty secret is that they have no clue whether the market is going up, down, or sideways. But they sure love cite worthless research papers and academic jargon to present themselves as gurus while they raid your portfolio. Anyway, buy the dip if you can and good luck with your portfolio.
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  188.  @shawnjavery  . You usually buy puts as a hedge to your portfolio and to protect your capital. Not as a market predictor.
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  189. haha
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  190.  @xman7695  . While I agree that saving as much as you can is a good idea I don't agree with blindly putting money into the market and hoping for the best. I would ask why you invested in the stock that went down 50% but my guess is that you didn't perform a discounted cash flow model to arrive at the conclusion that the stock was a good buy. Luckily for financial professionals, most people are financially illiterate. Otherwise, people like the Plain Bagel and myself wouldn't have a job. Anyway, good luck!
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  191. Investing in a 401k, mutual fund, or ETF and investing directly into a stock are vastly different concepts. You should learn the difference between passive investing and active investing.
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  192. The market doesn't trust Musk hence the share price stays put. Nobody is surprised. LOL
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  193. Crazy! Could you tell me what the typical asset allocation looks like for UK pensions? I'm from the US and I believe here we're primarily funded by private equity but I could be wrong on that. Thanks!
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  194.  @0DTEVIXCALLS  . Again, I'm using US pensions as the basis for my comment. In the US pensions are equivalent to defined benefit plans which are primarily government plans. Politicians promise fixed retirement salaries and any unfunded liabilities fall on the taxpayer. The math simply doesn't work.
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  195. ok
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  196. Volatility isn't just about day to day price changes. I feel that this video was poorly made and its a disservice to non-professionals. Pricing captures both risk and valuation of future cash flows.
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  197. Its hilarious that the clown in one of the videos recommended buying companies like FC and INTC last year when they have taken a nosedive since then. LOL
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  198. In that case you better start growing your own food and forget about paper money.
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  199. Talk about a shill. Its not just Blackrock, State Street, and Vanguard buying up houses by the thousands. It only takes one home sale to drive up the price of ALL houses in that neighborhood. I guess you also believe that companies like Amazon and Wal Mart had no effect on mom and pop owned stores over the past 20+ years. EDIT: 20 million houses in the US are investor owned. Tell me that has no effect on housing prices. Look it up.
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  200. We already know the answer to that. Look what happened after Trump pressured the Fed to lower interest rates because Trump is a "low interest rate guy."
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  201. Can you explain what a fixed rate mortgage means in the UK? It sounds to me more like an adjustable rate. I'm from the US.
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  202.  @ozone8839  . Everyone's situation is different. Retirees, poor and middle class are much more sensitive to economic conditions and volatility within their portfolios than the rest of society. Its amazing that privileged people fail to realize that they don't represent the entire population.
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  203.  @ozone8839  . Getting shot in the face happens too. Doesn't make it more bearable when it happens. But keep living in fantasy land. You're the type that likes to oversimplify everything but reality will hit you in the face too sometime. Keep living your life in a bubble. Good luck!
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  204.  @josephhoward4697  . How do poor and lower middle class people build wealth outside of the market? Should they refuse to contribute to their define contribution plans at work? What about pensioners? Where do you think their money is invested?? LOL
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  205.  @josephhoward4697  . Yes, those with lower incomes should spend more time improving their skills so they can earn enough to save and build their wealth. The point is that someone making less than $40k might unfortunately need to dip into their retirement from time to time for emergencies. You say that its either one way or the other for poor people. But you fail to realize that if someone can only save $100-$200 per month they might as well put it in their retirement account and hope that it starts growing soon. To say that a lower income person should save 3-6 months of net salary (universally recommended amount) before they start investing is ignorant. Do some simple math. Someone making $40k per year with a monthly cost of living of $3k would need to save for almost 4 years before they accumulate 3 months of expenses ($9k) in their emergency fund. However, inflation will erode some of that and what might be a common expense for you like a car expense is an actual financial emergency for someone who's living paycheck to paycheck. Its ridiculous how disconnected some of you are from reality that you recommend some people should forgo participating in the market for 3-4 years at a time while they live paycheck to paycheck trying to make ends meet. Anyway, good day!
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  206.  @josephhoward4697  . People who have an employer match should 100% maximize it regardless of their financial situation. You've been exposed. Move along.
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  207.  @josephhoward4697  . I'm not poor. But have a good day!
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  208. You're confusing the crypto industry with a system financial issue affecting all banks.
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  209.  @michaelswami  . Clueless! After the market crash in 1974 the market didn't rebound until 1980. Imagine being 65 years old today and losing half of your net worth as you enter retirement. 6 years of negative real returns is bad anyway you slice it. It likely took 10+ years to regain the market's 1972 peak value when adjusting for inflation. Keep digging yourself in.
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  210.  @michaelswami  . In the mid 1970s you weren't invested in anything but stocks because you weren't wealthy enough to own anything else and 401ks didn't exist yet which means your retirement would have been dependent on a pension. If you're invested in bonds today then you're already experiencing negative real returns. Like I said. Clueless!!
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  211.  @michaelswami  . I'm glad things worked out for you. I have a degree in finance and have worked in the industry for a number of years during which I have performed a considerable amount of research. The tools available to me are vastly different to those available in the 1970s and as such I have a different take on investing. Enjoy the rest of your day! Cheers!
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  212. This channel is going down hill fast
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  213. The amount of garbage coming from this dude's channel is staggering. If he's so smart why isn't he managing a multi billion fund? Stupid.
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  214. I think youtube changed something to save money on their end but I could be wrong.
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  215. Anyone who thinks pricing doesn't capture risk shouldn't be investing. These are the same clowns that get on financial news channel and always fail to predict recessions.
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  216.  @juanvicencio2390  . I wonder how many retirees that lost half of their wealth in 2008 agree that pricing doesn't capture volatility in the long term. Unless you never plan to sell your assets your long term horizon eventually becomes a short term horizon. There are also plenty of examples of economies collapsing around in the world. This notion that long term investments are somehow risk free and volatility doesn't matter or doesn't exist in the long term its retarded at best.
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  217.  @juanvicencio2390  . Everything works until it doesn't. Ask the Japanese. Cheers!
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  218.  @juanvicencio2390  . I'm sure the Russians were thinking just like you before their stock market collapsed overnight. I'm sure they're still calculating stdev, beta, sand sharpe ratios trying to figure out where they went wrong. Cheers!
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  219.  @juanvicencio2390  . If you keep pounding the calculator eventually you'll get the result you want void of any connection to reality. Keep at it! Cheers!
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  220. Cathie Woods? LOL
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  221.  @dividendking3686  . Thanks for the info! Cheers!
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  222. Nice!
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  223. Some other guys just needs a rope. Even more economical.
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  224. Gotta love these experts who don't even know where the markets are. Maybe they just don't really care and continue making bs excuse after another while they collect fees. LOL
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  225.  @brotherted9212  . I would think so too but I'm no expert on the subject matter. I only go by what was said in the video.
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  226.  @julm7744  . Dumbest thing I've read in a very long time. Congrats!
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  227. Agreed! Elon is the biggest welfare recipient on the planet!
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  228. According to our good friend here nothing to worry about. Just an isolated event. Yet the banking and private equity industries are losing billions in market value by the day. As I was typing this the WSJ reported that the FDIC will make all SVB depositors whole by Monday to to stem potential spillovers. They also closed SBNY and created a new program (Bank Term Funding Program) to fund banks at risk. This is just the beginning. Buckle up! Banks one day stock price change: SBNY down 23% WAL down 21% FRC down 15% SCHW down 8% Sofi down 8% Trust Financial down 7% DB down 6% BOH down 6% Private equity firms one day change: Stepstone down 13% Hamilton Lane down 11% Apollo down 10% Blue Owl down 10% Carlyle down 9% KKR down 7% Ares down 7% Mr. Bagel, try putting more effort into your next video.
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  229.  @渡海-q2w  . This "shill" (Bagel) is paid by his clients to protect their assets which means providing false assurances. That's the problem with listening to these people. I'm sure he means well but he deliberately dismisses the risks associated with major bank failures in the USA. The problem is, in fact, systemic largely due to rising interest rates. Luckily, the Fed and the Treasury Department are more in-tune with reality and bailed out the banks (SVB and SBNY) and are now looking to fund other banks at risk to prevent a full financial meltdown.
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  230. lol
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  231. The best video idea! Damn crooks!
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  232. That's like saying China deliberately created and released a virus that ended up shutting down the world economy including China which was on lockdown until recently. But believe what you want.
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  233. Clueless! Look for my comment in his SVB video. Plain Bagle just repeats whatever nonsense his employer tells him. I have corrected him (in real time) in multiple occasions of the past couple of years. The guy is just a parrot.
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  234. It works until it doesn't.
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  235. Nice! lol
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  236.  @CockatooDude  . Whatever helps you sleep at night.
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  237. What are you trying to learn? If you want to learn things like DCF models then get a college textbook on Principles of Finance. If you want to learn how to read financial statements then get a book on Financial (Reporting) Accounting. If you want to learn about various investments get a book on Principles of Investments. After you learn all this then you're ready to perform security analysis and start picking stocks or creating your own forecast models. But then, you need to have a strong grasp on economic concepts and the current state of fiscal and monetary policy and political environment. I'm not away of any one group that covers all this but you can surely find groups that cover portions of this topics although they're no replacement for a formal education. Good luck!
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  238. Whatever happened to the "limited" and "idiosyncratic" failure of SVB as you described? I should start my own youtube channel and repeat whatever nonsense my employer tells me.
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  239.  @zvxcvxcz  . Clueless!
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  240. How do you think banks make money? Instead of parroting whatever nonsense you read or hear try to do your own thinking.
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  241. Yikes!
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  242. Correct me if I'm wrong, but Python isn't made for visual presentations and if your boss has to share the data how many qualified people in need of this data can manipulate the shared data in Python?
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  243. Its not passive income if you have to work for it. That's the point.
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  244. SAS? Python?? Is that a joke?? You have a lot to learn kid. Hahaha
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  245. What's with all the self-described teenage kids from Greece in the comments??
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  246. Exactly. There is also the issue or rising interest rates causing unrealized losses on balance sheets and making it difficult for banks to raise capital without alarming their clients. This was a very poorly done video.
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  247.  @realnapster1522  . That's exactly what SVB did. What's your point?
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  248. Is he wrong? Which billionaires do you know that built their wealth through a 401k? Think about that for a minute. Know that I have a degree in finance and work in the industry before you reply.
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  249.  @jonathans7089  . Every business owner has taken a different path than relying on a 401k for financial independence but continue walking through life blind. Remember your clueless comment when you're 65-70 years old and you have wasted your life doing meaningless work to make other people rich.
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  250.  @jonathans7089  . With such a strong and cohesive argument how could anyone disagree? In a small world like yours there is only one way to live life. Typical fool!
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  251.  @davidwebb2318  . Lets be real, nobody becomes a billionaire with pension retirement plans. My original point is that there is more than one way to skin a cat. Remember that even if a wealthy person (Let's say $20+ million) wants to stash cash away in a retirement plan there are contribution limits so by default wealthy people can't rely on retirement plans to grow their wealth further. If someone has millions stashed away in a retirement account like a 401k or an IRA, at retirement, the government will force you to make regular withdrawals in proportion with the account's balance so you have to pay taxes. Wealthy people on the other hand invest, borrow, and file taxes in ways that the common folk can only dream of. Do you know that people like Elon Musk use their net worth as collateral to maintain their lifestyle free of charge? Feel free to look it up. It baffles me that the working class think that they have anything in common with the wealthy other than having the same bodily functions. But again, if you want to spend your entire life doing meaningless work hoping that inflation and market drawdowns won't eat away at your savings then by all means. There are many ways to build wealth. Good luck!
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  252.  @davidwebb2318  . I don't think you and I have the same definition of "extremely wealthy" when the median salary in the USA is about $60-$65k. Most teenagers and people in their early twenties aren't making near that much so building "extreme wealth" with their mediocre salaries isn't realistic. The only think that we can agree on is that time is important when it comes to investing. But if you opened your mind for just a moment you'd realize life is never simple. There is no reason why someone can't invest in a retirement account while they invest in themselves to learn new skills and find multiple ways to grow their wealth. Its hard to believe that you worked in high finance for 33 years and think that the best way to built wealth is by spending a lifetime doing meaningless work while making others rich. I bet you also think slavery is a very efficient way for slave owners to build wealth. Your entire argument is one massive contraction to the idea of using money/finance itself to build wealth other than to sit idle while life passes by. For the last time, there is more than one way to build wealth. Retirement accounts are just one component and quite frankly for most Americans its akin to slavery in exchange for peanuts. Your rant about taxes has nothing to do with my argument. You may have 33 years of experience as a finance professional but I have several years as a finance professional as well working in various capacities within the asset management industry. I hope anyone reading your comments realizes how outdated your views are. Good day!
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  253.  @davidwebb2318  . Keep living in the past old man. You clearly don't understand that not everyone has a degree in finance making upper middle class wages. But hey, I'll be sure to pass along your advice to the clerk at McDonalds making $9 per hour next time I visit. The same clerk that is paying $1k-$1.5k in monthly rent, plus utilities , transportation, food, etc... I'll make sure they know the CEO isn't, in fact, getting rich off his back and that if they hang in there 40 years they can be financially independent by the time they are 60. LOL Enjoy living in a bubble old man! Cheers!
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  254.  @davidwebb2318  . After 33 years doing finance you're still clueless. Essentially, you think that poor people are poor by choice. Maybe you should have taken some economic and social college courses to understand that the vast majority of poor people and lower middle class by extension are born into poverty and are not poor by choice. But , this conversation is about lifting oneself out of poverty and becoming financially independent. Your idea of becoming financially independent is to slave away for an entire lifetime and make other people rich. You clearly believe in a caste system where everyone should know their place in society and accept their reality. You clearly believe slavery is an effective way for slave owners to become wealthy. For anyone reading this, don't waste your entire life making other people rich. Becoming financially independent is about taking risks. Everyone has the opportunity to learn new skills and use those skills to grow their wealth. I know people from all walks of life that successfully took a chance to grow their wealth. What these financially educated clowns won't admit is that the vast majority of their clients are financially illiterate because they didn't build their wealth by managing retirement accounts. Most wealthy clients are business owners and they prefer to let the finance nerds worry about market fluctuations while they spend their weekends in fancy resorts as they travel the world. If you want to waste away your life in a stale office while you make other people rich then so be it. For those who want more out of life learn new skills and find a way to work for yourself. There is no one size fits all and not all ventures require millions of dollars in capital. Its been a good chat old man and your recommendation that every should slave away is pure nonsense. Good day!
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  255.  @OscarHanzely  . Good! Its about time clueless influencers stop misleading people into making poor investment choices.
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  256. Where was your advice late 2021 when the market was at its height and at a time when we needed financial advice the most? As usual, the elite laugh their way to the bank while the common person is left holding empty bags. I guess we'll go back to our servitude approach to life and continue slaving away until old age. Thanks? LOL
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  257. That's what happens when we have idiots in charge. People with no background in finance, economics, or military are making all sorts of decisions for society regardless of merit. Government and the political system is a disgrace.
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  258.  @johnconlon2207  hahaha
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  259.  @samsonsoturian6013  . Those are called banks. Good luck with that! lol
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  260.  @samsonsoturian6013  . Read your original comment. Banks lend money. Unless these "value companies" you talk about are banks then they aren't in the business of lending. Also, you would be highly mistaken if you think banks do well in an inflationary or recessionary period. Perhaps, you need to get a better grasp on these things before you start giving out financial advice.
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  261. #suggestion. Are you able to do a video on the real estate market? Many people believe we're in for the mother of all crashes. Some believe that Canada is already in the middle of an RE market crash. The video below talks about this with some supporting data. Would love to hear your take on the subject. Housing Crash SPREADING. Prices Drop in 180 Cities. https://www.youtube.com/watch?v=R5v1fTbdDCQ&ab_channel=ReventureConsulting
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  262. Have you ever performed security analysis? If not, there is no way you could learn everything you need to know in one video. That's like asking for a video to learn French.
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  263.  @yemi506  . You’re asking Richard to do his job for free and post his methods online for the public to see. I doubt his employer would appreciate that. Don’t confuse general information, as in this channel, with applied knowledge.
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  264.  @Jacksonville311  . There's no "if." It already started. Unless you consider the second and third largest bank failures in Us history happening two days apart not major collapses.
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  265. I think only an amateur would say such a thing. When you find yourself spending hours doing boring manual work that can be automated you'll gain much more appreciation for Excel.
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  266.  @tomcotter4299  . That's comical considering that I've been using Excel for over a decade and I work in finance. But hey, continue patting yourself in the back.
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  267.  @zvxcvxcz  . Are you seriously this dumb? Tell me you have zero professional experience without saying so? I can program in several languages. None are more adept at building financial models or reports than Excel as long the data set is not too large. Also, when you code your work in Python how are you going to share it with your non programming colleagues who need access to the data? Clearly, you don't understand the difference between a financial model and a database. Clueless!!
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  268.  @rg9448  . That's likely to be the scenario. Invest and spend money wisely!
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  269.  @eror6701  . Keep crying.
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  270. Bro, you can't use historical data to make loose correlations with today's economy and geopolitical situation. Otherwise, good video.
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  271. I thought SVB was contained and non systemic? lol
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  272. I recommend the Financial Times or the Wall Street Journal unless, of course, you mean that you want to be hand fed information instead of seeking it on your own.
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  273.  @lordofthegame5268  . This video is very watered down and hardly touches on the main concerns. Understand that this channel is financial entertainment rather than equitable and technical financial knowledge.
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  274.  @lordofthegame5268  . Are you deliberately dumb? The increase of federal interest rates affects the entire economy and all banks. Currently, the top 24 banks in the USA have $300 billion in unrealized losses per the WSJ. Anyone of them could have a run on the bank. SVB has their money on the safest assets possible yet still had a run on the bank. You have no idea how banking works. Any analyst that tells you SVB was an isolated incident doesn't have your best interest in mind. This is just the beginning. Buckle up! Banks one day stock price change: SBNY down 23% WAL down 21% FRC down 15% SCHW down 8% Sofi down 8% Trust Financial down 7% DB down 6% BOH down 6% Private equity firms one day change: Stepstone down 13% Hamilton Lane down 11% Apollo down 10% Blue Owl down 10% Carlyle down 9% KKR down 7% Ares down 7%
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  275.  @lordofthegame5268  . Right after I sent my reply FDIC announced that they are not only bailing out all SVB depositors but they also closed SBNY and created a new program called Bank Term Funding Program to fund banks at risk of default. But sure, SVB is just an isolated event. Talk about clueless.
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  276.  @lordofthegame5268  I bet many people in 2007 felt like you. When reality hits you in the face you'll be singing a different tune.
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