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Markets are down, but financial advice on TikTok is still kicking around! Here’s my review of more investing TikToks.
My name’s Richard Coffin, I’m an investment analyst with my Chartered Financial Analyst and Certified Financial Planner designations, registered with the Ontario Securities Commission as a portfolio manager.
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Wow I can be rich in 5 years if I get 100k wow I've never thought about that
09:32 "The moon's a lot lower than I thought it was". Spot on
10:30 this gotta be a joke
0:00: 📺 Richard Coffin shares old and new investing tick tocks and reminisces about the good times in the market.
2:54: 💰 The video explains a method to become rich in the next five years by buying a safe stock and selling call options.
5:49: 💰 The video discusses utilizing cryptocurrency to buy a million-dollar home for half the price and generate passive income.
9:41: 📉 The speaker criticizes the overconfidence and lack of research in TikTok investment advice videos.
12:49: 💰 Investing in individual stocks requires effort and may not be suitable for casual investors, but there are other options available such as passive investing strategies or seeking guidance from an advisor.
Recap by Tammy AI
i know nobody has any tears to shed for crypto shitcoins, but fantom catching a stray bullet here definitely hit the feels haha. thanks for the content plain bagel.
Hmm lets take a look at NVIDIA NOW
MIN are such sharks tbh. Lol same story again and again. Good job guys.
3:27 “This is just one method I’m using to become rich in the next five years” – So he isn’t rich yet, and therefore has no proof his free-money system actually works.
Related note, and maybe this is just me being gatekeepy, but it seems like these folks fall into two camps: extreme wealth-flexers or people who give zero outward indication that they have any money at all. Mass market clothes and makeup, plain white wall for a background, filmed on a cell phone. Frugality and humility are great and all, but you haven’t bought more durable furniture, haven’t traveled and picked up any souvenirs?
I found the person that uses a calculator app on an Ipad
Anchor protocol was the protocol for terra luna and its stable coin UST. Luna has the catastrophic death spiral for $80 to 0.00000001 that crashed the whole crypto market a year and a yalf ago. So yeah, there was some risk involved lol.
Maybe a little late to the party, but Nvidia's stock did go up a substantial amount since that $100 stock price lol
Imagine going to a agent and saying "I have no job but I have this infinite 20% on crypto" and think you would get the home.
Most of Tiktok financial advice is just "commit fraud" at this point
at 10:32 he enters building at 8h00 AM and at 9h00 AM "gets hyped". what does he do between 8 and 9 ??? I think we missed the hype part that could be in the course ? 🙂
12:50 that was a commercial
The thing people forget about options is that risk is already priced in. There is no guaranteed income. If people are paying you for something in the world of finance it almost always comes with some transfer of risk too. Then there is the selection bias everyone will tell you about the stock they hit big, I definitely have some of those in my portfolio. They will never tell you about the ones that lost. I definitely have a couple of those too luckily less than the ones that did well.
9:00 A.M. GET HYPE [softly thumps chest] 🤣🤣🤣
The laws are way too soft on these crooks. This kind of content shouldn't even be possible to create.
I dont trust anyone trying to teach me options if they dont have the thousand yard stare of someone who spent a long time losing money and not understanding why. Oh they understand now, but they remember. They remember.
Make money by making a video about making money
Where do I get the $100 000 to save in the first place?
An actual investment is making gameplay video recordings of the game Jerry Joins the girl scouts.
12:09 "And then of course my crypto is…………." dialup modem noises "down like, 300%" That's uh….. not how the math works, haha. If you're down over 100% that means you OWE the creator of the security, rather than just having lost all of your money. But hey, give mad props to CarterPCs for having the clarity to hire a financial advisor to handle the investment strategy, and I'm sure she's also working on a reasonably aggressive side strat for him with some side funds that can be afforded to be lost. 🙂
Even the guy shilling UST had none in his account 😂
That last one gas GOOD lol nice one
My favourite thing about the Cryptocurrency guys is that they think you can in some way predict which will go up and which will do down. It's the same as the gamblers who have a "system". Rat poison squared (RIP)
Nvdia is 640 now 😂😂😂
"down 300%"?
No one who has the discipline to save 100k is watching 30 second videos on tik tok for financial advice
Putting that 100,000 into Nvidia would've make you a millionaire by now
mourning the death of Zirp
nvidia trading over 700 atm
Nvidia absolutely slaughtered expectations
Yeah, and be sure to tell the bank your plan, and they will be SURE to approve that mortgage…..
"The moon's a lot lower than I thought it was" 😂
It is also important to note that real estate investments are typically illiquid assets, involve risk, including a risk of loss of invested capital, and may not be the right asset class for every investors.
imagine owning 100k of nvda for the last year and only clearing 15% 💀
9:03 I knew exactly what was about to happen lmao