Hey guys, I'd love to hear your thoughts on fixing the finance space on social media! What do you think should be done? Also thanks again Richard and Vince for joining me on the channel! Richard's channel: www.youtube.com/@ThePlainBagel Vince's channel: www.youtube.com/@mylifesherpa
Have you seen that film idiocracy? Its where the world is heading. Being intelligent is the new stupid. Just be loud and aggressive and kick the taxman and the general population get aroused 😂. Grant Cardone should have starred in that film or south park
Richard discussed this topic a while ago and made a list of 'finfluencers' (or basically just decent human beings who spread real knowledge) worth to follow. Do you guys have an updated list? (Obviously you two are already on my list.)
The only solution to poor content is better content. The beginning of a financial journey includes failure. As a viewer, you have to learn the difference between content that is quality and trash through experience. I'm sorry, but the solution to your problem of competition with finfluencers is not government regulation, it is better content. The reason that nearly a million of us have subscribed to your channel is not that Australia banned a few clickbaiters, but is because you have made your channel a cut above the rest, and the only way to recognize that is to experience "the rest". I just want to reiterate one more time: the ONLY solution to poor speech is better speech. Government suppression is never the answer.
So the Australian government yet again over stepping its mark? Colour me shocked, shocked I tell you. No wonder the Australian information is so weak, and licensing is the biggest scam of all, it gatekeeps and only allows the information the government wants out to get out.
Interesting insights. Being American, I didn’t know that Australia had strict certification laws. Admittedly, you’re not the only Aussie finfluencer that I follow, but now it makes sense that the average Australian content is high quality.
You quickly became favorite financial channel because of your honest, low click-baity, and well discussed content. I think the biggest problem is Google and the RUclips platform. I recently heard somewhere that financial channels are the highest paid in terms of ad revenue received. Google also created and maintains the algorithms that promote the click-bait... they literally incentivize bad behavior. But I don't absolve the creators either and I disagree with Richard in that you "can't blame the creators" for doing click-bait... it's still their choice to do it. Regardless of any other points, it's still feeding the beast. Another big thing, which I think is a scam, are the channels that constantly rehash the same content in their vidoes, host "live" webinars, and it's all just to push their paid product. They claim they will teach you something and give you the step-by-step but they don't even come close to getting detailed... the entire video/webinar is just an emotional hype train to get you jazzed about buying their course. I can't imagine ever buying from them if that's how they do business.
@@NewMoneyRUclips bro how you gonna make this vid when all your vids have become clickbaity bearish crap? one of the best bull runs we've had and you've been trying to scare people since the bottom of it
@@enemy1134 Markets are definitely overvalued from a fundamentals perspective. Bull markets are almost never caused by fundamentals. That's partly why they tell people to just buy and hold index funds.
Imagine Warren Buffett claiming that he’s got the keys to quick riches by trading and investing but yet he decides to become a RUclipsr and make money out of RUclips 😂😂😂
Product manager here for an investment platform in Australia. Love the quality work you and Richard do so the collaboration of 2 of my favourite RUclips finance personalities was a pleasant surprise! Quality advice is expensive so innovative ways to bring general advice to the masses is always going to play a role in Australia. Good advisers are worth their weight but the reality is there just currently isn't enough qualified adviers in the Australian industry to meet the demand for advice
Look, I don't know, I am Australian too and I am very well aware that Ausrtralia loves to "regulate" and "protect" their people alot. The benefits are that it pushes up quality so that you don't consume anything that could kill you, but the downside is as you said, less competition. This is not unique to finfluencers but to pretty much everything, banks, supermarkets, supply chains here in Australia. Since barriers to entry become harder and harder, and slowly those already in the market start to advice the law makers over time it becomes a moat that is difficult for new players to come in and maybe shake up the current status quo (even when its good or needed). When its good its good, but over time as people need to protect their profits, as leaders change these things don't always work out as expected. I get that laws are trying to protect but over time it morphs and has its downsides. Hard to have a middle ground cause when you are too loose you have cowboys spouting nonsense and when you regulate to much then you just have the same voices over and over skewing ideas. Time will tell ...
Unfortunately Australia is a cesspool of regulations for all industries. Be it finance, bars, restaurants, fitness, etc. It’s the reason why so many leave as it’s damn difficult to make it big. It’s too protective. Cannot do this, cannot do that. It’s turned into a boring, soulless cesspit of apathy. I understand we need rules, but stopping people from making a buck has become a sport.
Excellent video - good on Australia for taking this type of financial matter more seriously than do, perhaps, other jursidictions. Keep up the great work!
It is imperative for viewers to exercise due diligence when accessing financial information online. Always verify and validate the accuracy of the information before making any financial decisions.
Yeah, it's a real struggle. With the rising housing prices and stagnant wages, it's becoming increasingly difficult for many to afford homes, let alone save for retirement.
Absolutely. And with the fear of not being able to retire comfortably, people might be tempted to make risky investments or neglect proper financial planning, which could spell trouble for their portfolios in the long run.
And let's not forget how the global economy plays into all of this. Economic instability, inflation, and market fluctuations can further complicate matters and add to people's financial worries.
One of the best youtubers I watch, is one that isn't selling anything. He's just obsessed with stocks, almost on the spectrum, IMO. He does it pretty much every day, for no other reason than he loves it. No sponsors, no products, no hidden marketing, just investing.
Great video Brandon, this stuff needs to be talked about. I'm glad I started investing at an age where I was at least better able to make these types of judgements on the intentions behind the content a bit more easily than if I'd started a few years ago and maybe been more easily swayed by deceitful content. Also The Plain Bagel is fantastic. If you're not already subscribed, go do so
Really a well-researched, nuanced presentation of the issues around this. Might be a long wait for legislation in US to happen... but perhaps there can be some progress from consumer pressure on the platform itself. 🤷🏻♂️
I think if you’re going to genuinely do this for the long term trust is going to be the currency of real meaningful success in this space. The people who cut corners or offer empty promises with no real message will fade over time and most likely get bored and try out some other fad. Thanks Brandon for your genuine honest take on this issue. Keep up the good work maybe we’ll talk covered call etfs one day ;)
Just like food, people are free to choose which kind of content they want to consume. You can go for content creators that reinforce the important of consistent, balanced investment strategy or the "to the moon" stuff. In the end, you pay the price for your choices. Of course that scammers are a whole different beast altogether. I liked the video since it made view Australian content in a safer and more transparent way.
Side note about junk food. It's regulated and subject to much stricter advertising then other food. So the analogy is probably more accurate then you'd think
Hmm. I think anyone selling courses is part of the problem. On RUclips, you already get a reward for sharing information and expertise. Finance isn't that complicated for the average person. They shouldn't need to buy an online course to understand how to save their money and invest it conservatively in my opinion.
I like to watch real finance info. With the name "New Money", I thought you were one of "those" finfluencers, but as someone who regularly watches @ThePlainBagel, I decided to give this a view, and it was good. Now, I'll go watch a few others of yours and see if I'll be adding your channel to my viewings.
Its content. People should be allowed to share their opinions about stocks but they should also be required to inform people whether or not they have any qualifications to speak about such matters.
I think that its better to just let the cess pool be a cess pool. Easier to detect the stench and stay clear. In America the ruling principle is "buyer beware". Its up to individuals to exercise their agency with care.
Financial advisors, like all advisors, are professionals who earn money through their advisory services. Since a one-eyed person is king among the blind, and people trust kings because clothes make the man, the people are often taken advantage of, just like in real life. The quality of advice is never guaranteed, and it is only embellished with past data to create a Potemkin village. Therefore, investing any money in advisors is (almost) always throwing pearls before swine.Consequently, instead of wasting money, people try to educate themselves... and end up sitting in front of charlatans again
This is a really interesting idea - the crazy thing is, our financial regulator warns against doing this as by showing your portfolio you can 'imply' a buy recommendation. But it's so contradictory, because if you own the stock you're also supposed to disclose it in the content. I don't know what to do anymore haha
Great video Brandon. my answer, keep it simple. Follow Buffett, Rule One Investing with Phil Town. Mohnish Prabai etc. That covers enough things to gain some knowledge. Brandon, Hamish and Tom from NZ also have some great content. Now Brandon, Re: Tesla, how is the car doing? They're getting bad press lately, low resale value and over-stoccked.
In the uk creators can put links in for free shares for signing upto brokers .Viewer gets one and the creator if viewer signs up with the broker. I do believe this can add up to quite a lot of free shares. Most tend to do it for brokers they use themselves. Would this be allowed in Australia ?
Today I read that a majority of people feel closer to a YTer that they follow than their IRL friends. If there’s a YTer that is encouraging them to work hard and get rich, whether it’s legit or not, that is the appeal of finfluencing.
I really enjoy your channel as you tend to summarise the news and the facts without over prediction, but to be honest - you ARE the finluencer problem lol!
One of the requirements of being a successful investor is to not fall for charlatans. Why should people that are easily swindled by hype have a system that's idiotproof? Don't they deserve crap results for being so easily influenced?
I know! It’s interesting that Australia doesn’t ban certain pesticides which are banned in the EU, but put restrictions on finance which won’t kill you. It’s a good country to live if you want to get diseases from bad farming practices and to remain poorer.
From a US lens the idea that you can’t provide your opinions online is kind of horrifying. Disclosure requirements obviously make sense, but requiring a license is kind of absurd.
I think there's a lot to do with the viewers education as well. Some of these finfluencer are logically don't make any sense if you have some decent understanding in world view, world market and finance.
I actually think this is an area where AI will have a big impact in being able to analyze content and advise if the content is generally accepted in a positive or negative way. Obviously, there is quite a ways to go before AI can reliably be trusted to be accurate and consistent, but that is my take.
@Stettafire I agree, but at the rate that the llm's are advancing, I wouldn't be surprised if it is a whole different animal on just the next couple of years.
I may not be the typical viewer that you’re trying to protect with these policies. But personally I prefer no regulation and let me filter what’s relevant. I prefer when a finfulencer draws my attention to a company and walks me through their analysis. Love your content and think it is well done, but your regulator is holding you back. 90% of the time I’ve already watched the Munger, Buffet, Marks or Dimon clip that you are summarizing. And Plain Bagel often tries a little too hard to be balanced (see softball interview with Trudeau). I would love to hear his honest opinion on the success of Trudeau’s policies, and defend it. I gain more from listening to a well reasoned opinion that takes a position and defends it.
As you said in the video, hard to want to make videos of actually teaching people investing fundamentals when they only want to watch the videos about 10x money by next month.
Jeremy has great insights, just don't go buying his programs or membership or whatever. The irony is these two guys here are just boring holier than thou influencers
Have you even looked at his returns on all the meme stocks, spacs etc he was in abd conveniently avoids talking about anymore. Multiple ones he bought went to zero and others are heavily down only mentions the winners though doesn't he? Thats before you mention his pushing of FTX which was hugely a conflict of interest, taking a big payday without any interest in DD of the product, all they wanted you to do was sign up for their huge financial gain. So yeah hes a finfluencer
@@BaileyMxXhe has stopped doing that kind of stuff, he acknowledged in many of his previous videos that he was being a clown during that period and said that he will try to not fall back into this stuff. Sometimes you get carried away, happens to the best of us.
In a world of outrageous materialism and gaudy wealth, the world of influencers promising insane returns is still booming. It’s as if we are in the golden age of fraud and I say if someone is naive enough to believe them, let them. On the contrary I’m sorry they are affecting the real channels offering good content like yourself. I always look forward to your videos so thank you
I lost a lot of money on Jeremy’s financial education channel. I learned. Not blaming him but myself . He talks and I got persuaded. Most of his stocks tanked and bankrupted . Now I know where to go for some good content, like this channel. I know they always say don’t follow the channel but a lot of us do . Now I do my own research and I am slowly regaining money I lost with clown Jeremy .
Of course it's Australia with the nanny state extremes. It always is. We're always going to the extreme to restrict personal freedoms on individuals. The idea of personal responsibility is just an entirely foreign concept at this point.
Sometimes the only way for people to stop following the rubbish RUclipsrs is through experience from getting burnt themselves ,, I found out the hard way & consider a good portion ie 90% of the content out there questionable , im glad I pulled through the other side & every loss was a lesson
Hey guys, I'd love to hear your thoughts on fixing the finance space on social media! What do you think should be done? Also thanks again Richard and Vince for joining me on the channel!
Richard's channel: www.youtube.com/@ThePlainBagel
Vince's channel: www.youtube.com/@mylifesherpa
Have you seen that film idiocracy? Its where the world is heading. Being intelligent is the new stupid. Just be loud and aggressive and kick the taxman and the general population get aroused 😂. Grant Cardone should have starred in that film or south park
Fantastic Collab, Brandon. Please do more.
Richard discussed this topic a while ago and made a list of 'finfluencers' (or basically just decent human beings who spread real knowledge) worth to follow. Do you guys have an updated list? (Obviously you two are already on my list.)
The only solution to poor content is better content. The beginning of a financial journey includes failure. As a viewer, you have to learn the difference between content that is quality and trash through experience. I'm sorry, but the solution to your problem of competition with finfluencers is not government regulation, it is better content. The reason that nearly a million of us have subscribed to your channel is not that Australia banned a few clickbaiters, but is because you have made your channel a cut above the rest, and the only way to recognize that is to experience "the rest".
I just want to reiterate one more time: the ONLY solution to poor speech is better speech. Government suppression is never the answer.
So the Australian government yet again over stepping its mark? Colour me shocked, shocked I tell you.
No wonder the Australian information is so weak, and licensing is the biggest scam of all, it gatekeeps and only allows the information the government wants out to get out.
Interesting insights. Being American, I didn’t know that Australia had strict certification laws. Admittedly, you’re not the only Aussie finfluencer that I follow, but now it makes sense that the average Australian content is high quality.
You quickly became favorite financial channel because of your honest, low click-baity, and well discussed content. I think the biggest problem is Google and the RUclips platform. I recently heard somewhere that financial channels are the highest paid in terms of ad revenue received. Google also created and maintains the algorithms that promote the click-bait... they literally incentivize bad behavior. But I don't absolve the creators either and I disagree with Richard in that you "can't blame the creators" for doing click-bait... it's still their choice to do it. Regardless of any other points, it's still feeding the beast. Another big thing, which I think is a scam, are the channels that constantly rehash the same content in their vidoes, host "live" webinars, and it's all just to push their paid product. They claim they will teach you something and give you the step-by-step but they don't even come close to getting detailed... the entire video/webinar is just an emotional hype train to get you jazzed about buying their course. I can't imagine ever buying from them if that's how they do business.
Low click bait? My brother all his thumbnails are textbook clickbait
Wow the spam bots are in the comments already smh
It's so wild haha. I'm deleting them as we speak
@@NewMoneyRUclips i always report the ones i see.
`looking to the side proudly into the camera# ... "im doing my part"
the irony
@@NewMoneyRUclips bro how you gonna make this vid when all your vids have become clickbaity bearish crap? one of the best bull runs we've had and you've been trying to scare people since the bottom of it
@@enemy1134 Markets are definitely overvalued from a fundamentals perspective. Bull markets are almost never caused by fundamentals. That's partly why they tell people to just buy and hold index funds.
Imagine Warren Buffett claiming that he’s got the keys to quick riches by trading and investing but yet he decides to become a RUclipsr and make money out of RUclips 😂😂😂
By selling courses and nft
😂 exactly why i don't take RUclipsrs seriously
Really it's not that different to the tons of books that he's put his name to. It's just a generational difference in how he monetizes his success.
@@lesbo37yes and no. Warren does not promise you that investing methods will make you rich. Especially not quickly.
I saddly think that someone do a ai Warren Buffet.
Awesome with Plain Bagel 🔥 Great channel!
two of my favorite no-hype channels.
Great collaboration, I'm Canadian and I enjoy Richard's content as much as yours.
Hi Dominique, good to see a regular over here as well. I’m sure most of us follow the same larger voices in this space.
Thanks for the kind words, Dominique!
@@CoveredCallETFInvesting Hello! 🙂 It's really nice to have access to such varied and high quality content!
Product manager here for an investment platform in Australia. Love the quality work you and Richard do so the collaboration of 2 of my favourite RUclips finance personalities was a pleasant surprise!
Quality advice is expensive so innovative ways to bring general advice to the masses is always going to play a role in Australia. Good advisers are worth their weight but the reality is there just currently isn't enough qualified adviers in the Australian industry to meet the demand for advice
Look, I don't know, I am Australian too and I am very well aware that Ausrtralia loves to "regulate" and "protect" their people alot. The benefits are that it pushes up quality so that you don't consume anything that could kill you, but the downside is as you said, less competition. This is not unique to finfluencers but to pretty much everything, banks, supermarkets, supply chains here in Australia. Since barriers to entry become harder and harder, and slowly those already in the market start to advice the law makers over time it becomes a moat that is difficult for new players to come in and maybe shake up the current status quo (even when its good or needed). When its good its good, but over time as people need to protect their profits, as leaders change these things don't always work out as expected. I get that laws are trying to protect but over time it morphs and has its downsides. Hard to have a middle ground cause when you are too loose you have cowboys spouting nonsense and when you regulate to much then you just have the same voices over and over skewing ideas. Time will tell ...
Unfortunately Australia is a cesspool of regulations for all industries. Be it finance, bars, restaurants, fitness, etc. It’s the reason why so many leave as it’s damn difficult to make it big. It’s too protective.
Cannot do this, cannot do that. It’s turned into a boring, soulless cesspit of apathy.
I understand we need rules, but stopping people from making a buck has become a sport.
Excellent video - good on Australia for taking this type of financial matter more seriously than do, perhaps, other jursidictions. Keep up the great work!
Loved seeing you two collaborate! Great topic to cover 👍🏻👍🏻
Cheers Ellinor!
It is imperative for viewers to exercise due diligence when accessing financial information online. Always verify and validate the accuracy of the information before making any financial decisions.
They think the “due diligence” is just watching the youtube video. Because theyre idiots.
discovered you among the influencers and determined your content was pretty good. not just the information but the production is great. GJ
The drop bear attack animation was great😂
Love the collab with The Plain Bagel! You're both two of the BEST content providers on RUclips in finance. Finance professional approved 👍
I'm getting worried about the rising housing prices. It seems like it's becoming harder to afford a home these days.
Yeah, it's a real struggle. With the rising housing prices and stagnant wages, it's becoming increasingly difficult for many to afford homes, let alone save for retirement.
Absolutely. And with the fear of not being able to retire comfortably, people might be tempted to make risky investments or neglect proper financial planning, which could spell trouble for their portfolios in the long run.
And let's not forget how the global economy plays into all of this. Economic instability, inflation, and market fluctuations can further complicate matters and add to people's financial worries.
People downplay planner’s role, until they are burnt by their mistakes. That’s why I’ve been working with expert planners like ERIC PAUL ELMER.
I wonder where he gets his analysis from though, I read his resume and I’m very impressed with his work. Thanks for the references.
Why does only financial advice require licensing? Why not any kind of recommendation/marketing?
I really appreciate the informative videos.
Thanks for watching, Nate!
One of the best youtubers I watch, is one that isn't selling anything. He's just obsessed with stocks, almost on the spectrum, IMO. He does it pretty much every day, for no other reason than he loves it. No sponsors, no products, no hidden marketing, just investing.
Who is it?
Trust my sources bro...@mdangerstangerful
Brilliant collaboration here! Cheers!
You and Richard both have great content, keep up the good work!
Great video Brandon, this stuff needs to be talked about. I'm glad I started investing at an age where I was at least better able to make these types of judgements on the intentions behind the content a bit more easily than if I'd started a few years ago and maybe been more easily swayed by deceitful content.
Also The Plain Bagel is fantastic. If you're not already subscribed, go do so
Really a well-researched, nuanced presentation of the issues around this.
Might be a long wait for legislation in US to happen... but perhaps there can be some progress from consumer pressure on the platform itself. 🤷🏻♂️
Patrick & Richard are the two best Financial RUclipsrs in America.
(or Canada), but yes, I agree! These guys are so good.
It's a bit more than a few bad apples! And it's certainly more than 1% Brandon!! 🤣🤣🤣
advice doesn't get more accessible than: live within your means
I think if you’re going to genuinely do this for the long term trust is going to be the currency of real meaningful success in this space. The people who cut corners or offer empty promises with no real message will fade over time and most likely get bored and try out some other fad.
Thanks Brandon for your genuine honest take on this issue. Keep up the good work maybe we’ll talk covered call etfs one day ;)
Vast majority of "professional financial advisors" underperform the S&P
Economic investigator Frank G Melbourne Australia is following this very informative content cheers Frank
OOOO, THE FINANCIAL COLLAB OF THE YEAR HAS ARRIVED!
A Canadian and an Australian come together to speak about finances. Guys, the Empire strikes back
Just like food, people are free to choose which kind of content they want to consume. You can go for content creators that reinforce the important of consistent, balanced investment strategy or the "to the moon" stuff. In the end, you pay the price for your choices. Of course that scammers are a whole different beast altogether. I liked the video since it made view Australian content in a safer and more transparent way.
Side note about junk food. It's regulated and subject to much stricter advertising then other food. So the analogy is probably more accurate then you'd think
As a creator myself, a lot of this is relevant to the space that I am in.
BUAHAHA!! The Koalas, man... dang that got me.
Damn. Those Drop Bears took at the entire Finfluencer community.
Hmm. I think anyone selling courses is part of the problem. On RUclips, you already get a reward for sharing information and expertise. Finance isn't that complicated for the average person. They shouldn't need to buy an online course to understand how to save their money and invest it conservatively in my opinion.
I love the drop bears taking down those finfluencers, highlight of the video! The other information was pretty interesting too :P
So do they have commercials? That can influence our buying
I love the collab! Big fan of Plain Bagel ❤️
I like to watch real finance info. With the name "New Money", I thought you were one of "those" finfluencers, but as someone who regularly watches @ThePlainBagel, I decided to give this a view, and it was good. Now, I'll go watch a few others of yours and see if I'll be adding your channel to my viewings.
Its content. People should be allowed to share their opinions about stocks but they should also be required to inform people whether or not they have any qualifications to speak about such matters.
Exactly. The worst advice I have received numerous times were from the professionals.
I think that its better to just let the cess pool be a cess pool. Easier to detect the stench and stay clear.
In America the ruling principle is "buyer beware". Its up to individuals to exercise their agency with care.
New Money, Plain Bagel and Sven Carlin are the goats.
High praise!
It's true. 90% of channels that I follow have 3 years or more. I usually try to add new channels but some videos later I unfollow them.
Fanstastic duo!
When I think of fake Finfluencers, Tai Lopez comes to mind.
great breakdown on marketing 101
Love this Collab.
Financial advisors, like all advisors, are professionals who earn money through their advisory services.
Since a one-eyed person is king among the blind, and people trust kings because clothes make the man, the people are often taken advantage of, just like in real life.
The quality of advice is never guaranteed, and it is only embellished with past data to create a Potemkin village.
Therefore, investing any money in advisors is (almost) always throwing pearls before swine.Consequently, instead of wasting money, people try to educate themselves... and end up sitting in front of charlatans again
Love the goatee reference 🤣
Really enjoying your content
excellent as always 🔥
Thank you!
17:00 incumbents like more regulation to minimize competition? No way!
Literally thought this was Josh Homme from Kyuss in the thumbnail
easy fix - post verified track record publicly with sharpe ratio like the pros do. its been solved by the industry ages ago...
This is a really interesting idea - the crazy thing is, our financial regulator warns against doing this as by showing your portfolio you can 'imply' a buy recommendation. But it's so contradictory, because if you own the stock you're also supposed to disclose it in the content. I don't know what to do anymore haha
Would also help a ton if the platforms could fix the algorithms to not put plainly trash advice at the top.
Great video Brandon. my answer, keep it simple. Follow Buffett, Rule One Investing with Phil Town. Mohnish Prabai etc. That covers enough things to gain some knowledge. Brandon, Hamish and Tom from NZ also have some great content. Now Brandon, Re: Tesla, how is the car doing? They're getting bad press lately, low resale value and over-stoccked.
can't help noticing the email sender.....prince brandon van der thief hahaha
In the uk creators can put links in for free shares for signing upto brokers .Viewer gets one and the creator if viewer signs up with the broker. I do believe this can add up to quite a lot of free shares. Most tend to do it for brokers they use themselves.
Would this be allowed in Australia ?
It's illegal in the UK if undisclosed, covered by the ASA
Today I read that a majority of people feel closer to a YTer that they follow than their IRL friends. If there’s a YTer that is encouraging them to work hard and get rich, whether it’s legit or not, that is the appeal of finfluencing.
I really enjoy your channel as you tend to summarise the news and the facts without over prediction, but to be honest - you ARE the finluencer problem lol!
One of the requirements of being a successful investor is to not fall for charlatans.
Why should people that are easily swindled by hype have a system that's idiotproof?
Don't they deserve crap results for being so easily influenced?
I know! It’s interesting that Australia doesn’t ban certain pesticides which are banned in the EU, but put restrictions on finance which won’t kill you. It’s a good country to live if you want to get diseases from bad farming practices and to remain poorer.
From a US lens the idea that you can’t provide your opinions online is kind of horrifying.
Disclosure requirements obviously make sense, but requiring a license is kind of absurd.
I think there's a lot to do with the viewers education as well.
Some of these finfluencer are logically don't make any sense if you have some decent understanding in world view, world market and finance.
Good video very informative
Koala bears taking down bad guys.😂
I think monetization of social media has clearly shown the most ugly side of humanity--unfortunately.
People just need to learn how to think for themselves
Very easy fix - Personal responsability.
If you let yourself be influenced, it's a you problem
I actually think this is an area where AI will have a big impact in being able to analyze content and advise if the content is generally accepted in a positive or negative way. Obviously, there is quite a ways to go before AI can reliably be trusted to be accurate and consistent, but that is my take.
I'm a software engineer in the AI space. AI is pretty terrible at analysing videos and photos. I'm not sure I'd trust it as a moderation tool
@Stettafire I agree, but at the rate that the llm's are advancing, I wouldn't be surprised if it is a whole different animal on just the next couple of years.
I may not be the typical viewer that you’re trying to protect with these policies. But personally I prefer no regulation and let me filter what’s relevant. I prefer when a finfulencer draws my attention to a company and walks me through their analysis. Love your content and think it is well done, but your regulator is holding you back. 90% of the time I’ve already watched the Munger, Buffet, Marks or Dimon clip that you are summarizing. And Plain Bagel often tries a little too hard to be balanced (see softball interview with Trudeau). I would love to hear his honest opinion on the success of Trudeau’s policies, and defend it.
I gain more from listening to a well reasoned opinion that takes a position and defends it.
❤best collab
Was not expecting the drop bears.
They'll get you when you least expect it 🤣
Since when is 90%...
a few bad apples?
No need to fix anything. My entry point is their followers' stop-loss.
Brandon, you're obviously twitching your leg because your mice is vibrating 😂
As you said in the video, hard to want to make videos of actually teaching people investing fundamentals when they only want to watch the videos about 10x money by next month.
Did no one learn from 2021 😂🙄
Why you deleting legit post counter arguing your point on some investors your talking about
Finfluencers are small fry. Take a look at the fees charged by banks for consistently under performing funds. That’s pro level client skimming.
May i ask why you include Jeremy in this video, i dont see him as a Finfluencer?
Jeremy has great insights, just don't go buying his programs or membership or whatever. The irony is these two guys here are just boring holier than thou influencers
Have you even looked at his returns on all the meme stocks, spacs etc he was in abd conveniently avoids talking about anymore. Multiple ones he bought went to zero and others are heavily down only mentions the winners though doesn't he?
Thats before you mention his pushing of FTX which was hugely a conflict of interest, taking a big payday without any interest in DD of the product, all they wanted you to do was sign up for their huge financial gain.
So yeah hes a finfluencer
@@BaileyMxXhe has stopped doing that kind of stuff, he acknowledged in many of his previous videos that he was being a clown during that period and said that he will try to not fall back into this stuff. Sometimes you get carried away, happens to the best of us.
In a world of outrageous materialism and gaudy wealth, the world of influencers promising insane returns is still booming. It’s as if we are in the golden age of fraud and I say if someone is naive enough to believe them, let them. On the contrary I’m sorry they are affecting the real channels offering good content like yourself. I always look forward to your videos so thank you
I lost a lot of money on Jeremy’s financial education channel. I learned. Not blaming him but myself . He talks and I got persuaded. Most of his stocks tanked and bankrupted . Now I know where to go for some good content, like this channel. I know they always say don’t follow the channel but a lot of us do . Now I do my own research and I am slowly regaining money I lost with clown Jeremy .
Can’t blame anyone but your self buddy 🤣 his risk is not
Your risk tolerance
How do people trust this information when you turn around and advertise your own course in the exact same way you just described as being problematic?
The influencers are reuining people's life
02:02 "The poor man must walk to get meat for his stomach, the rich man to get a stomach to his meat." - Benjamin Franklin
Does that mean that parents can get in trouble? A lot of them offer financial advice and are not licensed.
Isn't market manipulation illegal?
It's complicated.
I only watch finfluencers for entertainment and because the more I’m thinking about investing, the more I invest and skip frivolous purchases.
I thought someone made a video complaining about the two people in the thumbnail :)
15:54 THE DROPBEARS ARE COMING
Prince Brandon van der theif was genius to bad it was only on the screen for a second the fake fake e-mail was comedy.
Finfluencers are cringe “let me show you how to get rich” nobody who gets rich would need to turn around and have a RUclips channel
The goatees is fuxking hilarious
Of course it's Australia with the nanny state extremes. It always is. We're always going to the extreme to restrict personal freedoms on individuals. The idea of personal responsibility is just an entirely foreign concept at this point.
I guess I can add the word Doctor to my name. #freedom
$600 for a short introductory course does kinda scream cash grab in the current YT space TBF
I need a money calculator 🤣
Interesting, but this video forgot to mention the most powerful project - UNIMANTIC PROTOCOL
15:55 DROP BEARS!!!
Sometimes the only way for people to stop following the rubbish RUclipsrs is through experience from getting burnt themselves ,, I found out the hard way & consider a good portion ie 90% of the content out there questionable , im glad I pulled through the other side & every loss was a lesson