I keep seeing videos from Meet Kevin and whatever the other 3 guys are and I just cant help but think these people are destroying peoples lives and getting rich. I know one of the other guys (not meet Kevin) has talked about numerous stocks and they are all down, I just saw a old video about PLNHF and it is down massive since he kept saying he held a lot of it.
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I don’t really watch those guys. Used to when I was younger but not really for me anymore. I enjoy Graham Stephens content from time to time. Not his financial advice but podcast and some of the stuff on his channel. All these finance and real estate guru types come off as scumbags.
I think its because most are scumbags lol
Yeah, like Brofesser said below, why be on YouTube or sell courses when you can make so much more money from investing since you’re so good at it. I’m embarrassed to say, but I used to be into watching that type of stuff when I was in high school, I cringe when I think about taking Grant Cardone seriously.
Graham Stephans reaction videos are always pretty funny too
full disclosure - I just heard of meet kevin today so I could be dead wrong on my analysis below
here's a heuristic to figure out if someone is a bullshitter. if their ideas were so good, why don't they keep them to themselves or start a fund? you can make WAY more managing a hedge fund or having a P&L as a trader than you can on youtube or teachable. also, dive into their spending, CNBC shows meet kevin's wife is their property manager and full time mom. if you make $6mm a year, you're a full time mom and you don't work, sorry but that's bullshit. also, he's paying his dad for a loan of $1,500/mo or some shit. again, if you made $700k last month, you wouldn't have any debt, so that's wrong. finally, if someone's biggest source of income is selling online courses, they're not legit. if this was the best way to make money, ray dalio would've started selling online courses along with druckenmiller, marks, buffett, ackman, icahn, loeb, greenblatt, etc.
a more recent example is mark spitznagel, makes a FUCKTON of money at his hedge fund and doesn't give away his secrets (because why the fuck would he), just writes books
https://www.cnbc.com/2020/11/19/millennial-couple-earns-6-million-dolla…
you want a real youtube follow? aswath damodaran, he's a professor at NYU and writes books, I've followed his blog for years, he doesn't sell anything and has skin in the game (meaning he'll tell you if he has a position in something). THOSE are the people you want to follow
looooooool
Any other rec’s in addition to aswath
I don't watch aswath on youtube, I just read him, I do not watch any finance youtube so sorry, I don't have any youtube recs.
they do sell books though, but I get what you're saying
Also, haven't heard of Spitznagel yet, will have to check him out. Just saw that Ron Paul and Taleb wrote the forewords to his 2 books, interesting stuff
dalio donated all of his book proceeds to charity (according to him, I have to take him for his word) and the other guys either don't write books, donate proceeds or it's a small part of their income that you can tell they didn't do it for the profit motive. e.g. howard marks made WAY more money founding oaktree than he did with most important thing
It's a lot easier to make it by selling pans than it is by panning for gold.
This is how I feel about drop shippers
I'm guessing Universa isn't big enough to file a 13f? And wow, 4000% in Q1 2020.
to play devil's advocate, how can they start a fund? who'll give them money? also, if you're a good long-term stock picker but you don't have capital, you can't make much money. even if your picks 10x over 5 years, if you live paycheck to paycheck and only can afford to invest like $10k per year, you won't become a millionaire. however, YouTube can make you a millionaire within a year if you can interest people with your stock-picking logic.
Wouldn't someone who's really good at picking stocks be able to accumulate capital fast and just recycle the funds?
Also, margin is available to literally anyone. There's friends and family, credit cards, unsecured personal loans, etc.
Anton Kriel has to be the worst one. Telling people not to go into finance jobs and that they can make $500k a year through leveraged day trading if they buy his course lol.
Dude that and crypto scams are even worse. Speaking about scammers Cofizilla has a YouTube account where he exposes them and I feel bad for the guys but some of these people are idiots they will give like 20k to someone and continue to give them money while getting nothing in return.
Like hard to feel bad for the guy linked below.
If this was possible he'd save the time he spent on the YouTube channel and just make $500k a year trading his account and enjoy life
i don't buy it
It’s based on the very conservative assumption of having 20% returns for 5 years in a row at 5x leverage. I’m even not joking, this dude gave a lecture at UCL where he made these claims.
Some of these scammers are making outrageous sums, seven and eight figure payouts because they have the social capital (followers) to leverage.
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I mean some of them are actually better than sell side analysts lol.
I'd say it's actually not too bad to watch them for potential investment ideas. just have to think critically and not blindly follow them.
also, just because their picks are down big YTD doesn't really mean anything. the majority of stocks are down big YTD due to economy as a whole. so, even good long-term holds are getting hammered to the ground currently. no need to panic, just keep accumulating shares if you have long-term horizon and manage your personal funds.
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