Financial Advice That Aged Like Milk

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  • čas přidán 20. 12. 2021
  • DON'T SELL BEAR STEARNS!
    Follow Richard Coffin "The Plain Bagel"
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    Video Editor: Harry Bagg / harrybagg96
    This video is an opinion and in no way should be construed as statements of fact. Scams, bad business opportunities, and fake gurus are subjective terms that mean different things to different people. I think someone who promises $100K/month for an upfront fee of $2K is a scam. Others would call it a Napoleon Hill pitch.
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Komentáře • 1,5K

  • @Coffeezilla
    @Coffeezilla  Před 2 lety +1404

    Pump the stock and I’ll give you a discount at footlocker.

    • @nnaemekaodedo8992
      @nnaemekaodedo8992 Před 2 lety +10

      Change the color of the lambo to celebrate the new years.

    • @777Revolutionary
      @777Revolutionary Před 2 lety +4

      Yea put a sweet holiday wrap on that whip coffee

    • @jordy1502
      @jordy1502 Před 2 lety

      bought foot locker stock, thankss!!!! FinFluencer

    • @umarthemaker
      @umarthemaker Před 2 lety

      What happened to your insta?

    • @goldiekoi935
      @goldiekoi935 Před 2 lety

      Coffeezilla content sucks now. Rip off of pewdiepie/calling everything in crypto a scam. The clout went to this dudes head ☠️🤣

  • @yamikaga
    @yamikaga Před 2 lety +4976

    Back in the day my econ 101 teacher told me a saying that sticks with me to this day: financial analyst spend 6 months predicting the economy and 6 years studying why they were wrong.

    • @NatiiixLP
      @NatiiixLP Před 2 lety +289

      That has, most certainly, been my crypto experience, except with a 1/10 time scale. I now believe to have understood the mistakes of my past, which will inevitably lead to another awful investment, followed by another thorough analysis.

    • @arturovillaluz2053
      @arturovillaluz2053 Před 2 lety +141

      Many years ago my roommate (who was 20 years older) told me that playing the stock market is like "going to the racetracks". Up to this date I couldn't find anybody who can dispute that statement.

    • @Julian1T1
      @Julian1T1 Před 2 lety +57

      @@arturovillaluz2053 You haven't looked hard enough then imo. Plenty of people will tell you that short-term individual stock picks are definitely like going to the racetracks. But investing is much more than that.

    • @arturovillaluz2053
      @arturovillaluz2053 Před 2 lety +111

      @@Julian1T1 I always get that response. As far as I know, a tiny portion of the population make a living as professional gamblers, same thing could be said about professional investors. Investment is not an exact science and I've seen more people getting annihilated than those who made "a killing" in the stock market.

    • @mrdirexion
      @mrdirexion Před 2 lety +7

      Your econ 101 teacher must have lost a lot of money in the stock market prior to telling you that valuable piece of info.

  • @GG-kn2se
    @GG-kn2se Před 2 lety +1700

    I get the shittiest ads because I watch this channel now. Amazon drop shipping, get rich quick schemes blatantly against CZcams’s TOS, etc etc. But I do it to pump the CoffeeZilla stock

    • @mrt094
      @mrt094 Před 2 lety +73

      So glad I have CZcams red haven't seen an CZcams ad in years.

    • @ovilondon3589
      @ovilondon3589 Před 2 lety +10

      Zilla🚀

    • @RyanNelson0402
      @RyanNelson0402 Před 2 lety +20

      @@mrt094 is that a joke? Lol

    • @MrZer093
      @MrZer093 Před 2 lety +37

      All the channels that focus on financial stuff, even the ones that like to dunk on them, get those types of ads. It’s truly despicable as they’re all either outright scams (by outright lying or it’s legal pyramid scheme where the only money to be made has already been made) or over promising what profit can be made (such as with the “I’m so smart by buying cheap crap from China and sticking a bigger price tag on it and putting it on Amazon” crap)

    • @gregorwachter6804
      @gregorwachter6804 Před 2 lety +1

      @@Sebastian-cu2zq lol true

  • @botz77
    @botz77 Před 2 lety +274

    The moral of the story is do the opposite of whatever Jim Cramer advices. Even his call on Stark Industries in Iron Man was wrong. Sell, sell, sell.

    • @EctopicMike
      @EctopicMike Před 2 lety +10

      lmao

    • @keeganmurphy1
      @keeganmurphy1 Před 2 lety +2

      😂😂😂 what does he even read to get his ideas from

    • @chadada8866
      @chadada8866 Před rokem +9

      Hey I went in hard on stark! Got in at the IPO, big gains buddy. Now I’m waiting on the new university that’s going public through SPAC, professor Xaviar has a good business plan..

  • @bobbygetsbanned6049
    @bobbygetsbanned6049 Před 2 lety +373

    Cramer telling people to panic sell at the bottom is absolutely a 10/10 bad call, he told people to do exactly what you're not supposed to do.

    • @rafaelacosta5724
      @rafaelacosta5724 Před rokem +39

      He seems to always tell people to do exactly what they shouldn't do. Almost as if he did it intentionally...

    • @philipmcniel4908
      @philipmcniel4908 Před rokem +22

      The worst part is you can hear the emotion in his voice--he says logical-sounding things like "I don't care where stocks have been; I care where they're going" but you can tell he's being swayed by emotion like a stereotypical retail trader.

    • @theadd_gamer1182
      @theadd_gamer1182 Před 5 měsíci +3

      He's a con artist. Scammer.

  • @TwoStupidGuysTradeStocks
    @TwoStupidGuysTradeStocks Před 2 lety +3588

    Coffee and a bagel, not just a great video, but also a great breakfast.

    • @mrjuanderfuI
      @mrjuanderfuI Před 2 lety +66

      A staple if you will. Quick yet reliable sustenance.

    • @Kipzo
      @Kipzo Před 2 lety +35

      Lol. This comment is gold

    • @timetraveler0002
      @timetraveler0002 Před 2 lety +14

      this comment should get a pin or something lmao

    • @Marz2727
      @Marz2727 Před 2 lety +3

      Well played

    • @contentdeleted4978
      @contentdeleted4978 Před 2 lety +2

      Remember guys milk the trend if u want to make more money

  • @CaseyBurnsInvesting
    @CaseyBurnsInvesting Před 2 lety +1856

    I’d love to see a Jim Cramer index and how terribly it performs.

    • @samsonsoturian6013
      @samsonsoturian6013 Před 2 lety +79

      Impossible, since due to his position he can only talk about large caps.
      However, since he leans heavy on FANG and is the eternal bull, he'd probably match an index.

    • @ToXaNe1
      @ToXaNe1 Před 2 lety +199

      People have been tracking all of his suggestions and boy, is the performance incredibly pump + dumpy

    • @MattCurrieImprov
      @MattCurrieImprov Před 2 lety

      @UCW4nY6whMXZnbNq2Bo1QDMQ so true.

    • @iliketurtles4463
      @iliketurtles4463 Před 2 lety +8

      Or an exposé on that Casey Burns guy!

    • @jameslopez9661
      @jameslopez9661 Před 2 lety +86

      It performs well if you sell immediately after he talks about it

  • @sevensages5279
    @sevensages5279 Před 2 lety +747

    Cramer definitely deserves a 10/10! He was even recommending people buy the dip on bear Stearns the day before they went under and were bought by J.P. Morgan

    • @proprietarycurez8463
      @proprietarycurez8463 Před 2 lety +1

      That's how you hold winners not losers. Easy 10.

    • @MrCapitalizer
      @MrCapitalizer Před 2 lety +5

      I totally remember that! The stock price was over $60. It was his reply when asked about the rumors pointing to cracks showing and anxiety about insolvency.

    • @P4r4k
      @P4r4k Před 2 lety +12

      You can't take someone seriously named Kramer

    • @calamorta
      @calamorta Před 2 lety +3

      Nah, a bad call means he made a legitimate mistake. There's a clip of him telling how they manipulate*

    • @mattbenz99
      @mattbenz99 Před 2 lety +11

      To be fair, that clip shown is out of context. He wasn't talking about Bear Stearns stock, he was referring to a Bear Stearns checking account which is insured by the government. This clip is very often misused.

  • @Byronze
    @Byronze Před 2 lety +496

    I think the funniest phrase i've heard from an 'investor' is: "I don't know what they do, I'm just an investor"
    Got me dead

    • @TheLargeHardonCollider
      @TheLargeHardonCollider Před 2 lety +5

      This is exactly why I don't trust "technical analysis" investors, it's no exaggeration to say the ONLY thing they look at is the price line/candlesticks. It reminds me of witchcraft they way they draw conclusions about price action from nothing more than which direction the line is currently moving.
      Why waste your time reading a news article, or figuring out what a company actually does? Line makes this shape = number go up, it's science!

    • @ezrolly898
      @ezrolly898 Před 2 lety +2

      @@TheLargeHardonCollider i dunno about stock trading but i know forex traders who trade strictly on the candlesticks and do very very well.

    • @TheLargeHardonCollider
      @TheLargeHardonCollider Před 2 lety +23

      @@ezrolly898 Some do well, sure. But I think you're missing the grand irony:
      Their analysis has NOTHING to do with how the company is actually functioning. It has nothing to do with recent news announcements, recent financial reports, or their ad campaigns & public perception.
      They trade SOLELY on the movement of the line. But the line only moves based on others buying & selling. So how could that work? ...it works, because a bunch of other people ALSO trade solely based on the line's movement.
      So it works... only because other people believe it works. They're literally trading against each other. If somehow magically every person in the world stopped believing technical analysis worked overnight, it would stop working overnight. That's the irony: it shouldn't be true, but because so many people think it is true, makes it true.

    • @splittedspark1675
      @splittedspark1675 Před 2 lety +3

      @@ezrolly898 I would argue that forex is a bit different as you don't have companies that you look at but currencies. So instead of looking what a company does, you look at how a country behaves and how idk their GdP is working?

    • @TheLargeHardonCollider
      @TheLargeHardonCollider Před 2 lety +1

      @@dodatroda Oh look, one of them escaped. Back in your cage, you.

  • @SpencerCornelia
    @SpencerCornelia Před 2 lety +638

    I just started watching and I really hope you include Robert Kiyosaki's almost daily prediction that the United States is facing the worst depression in history.

    • @ThePlainBagel
      @ThePlainBagel Před 2 lety +140

      I was actually very close to tossing in one of his clips about the big crash that was coming in…October

    • @CC-tl3zs
      @CC-tl3zs Před 2 lety +8

      @@ThePlainBagel just a bit off

    • @kantsh00t89
      @kantsh00t89 Před 2 lety +6

      Aye I watch both of you seeing this comment is dope asf

    • @NickOloteo
      @NickOloteo Před 2 lety +39

      @@ThePlainBagel what about Graham, Jeremy, Kevin and andrei talking about the housing/stock market crash multiple times a week?

    • @adifferentangle7064
      @adifferentangle7064 Před 2 lety +7

      To be fair, he is not wrong... but the economy could 10x before that happens.

  • @Kingcrab0
    @Kingcrab0 Před 2 lety +391

    Coffee meets Bagel? Sounds like a dating app.

    • @franco521
      @franco521 Před 2 lety +20

      Why are you so far down here? 🤣

    • @zking2929
      @zking2929 Před 2 lety +3

      @@franco521 right?

    • @Vegasbonus702
      @Vegasbonus702 Před 2 lety +4

      Well they do go together. We need more of it. One gives us energy while the other keeps us carbed ⬆️

    • @zoopdefloop8651
      @zoopdefloop8651 Před 2 lety +11

      It was on shark tank, right? Lol

    • @DocBree13
      @DocBree13 Před rokem +1

      Lol
      Is that still around?

  • @MrClockw3rk
    @MrClockw3rk Před 2 lety +60

    The important point that most comments are ignoring is:
    Meme coins are equivalent to the 2001 bubble stocks with no business model.
    Nobody will upvote this because the average person is making this mistake and they are embarrassed by it.

  • @georgeh6856
    @georgeh6856 Před rokem +104

    Jim Cramer definitely deserves a 10. Jon Stewart referring to Jim Cramer on March 4, 2009: "If I'd only followed CNBC's advice, I'd have a million dollars today ... provided I'd started with a hundred million dollars."
    Also, Maria Bartiromo, now a host on Fox News, proudly proclaimed on NBC's Today Show shortly before the 2008 crash when asked if she foresaw a recession: "I do not. The fundamentals of the economy are strong."

  • @Prometheus4096
    @Prometheus4096 Před rokem +261

    Cramer a 6? The guy literally told people Bear Stears was fine because he knew they were not and he feared everything would blow up. That was an 11! BTW, it is amazing he was still allowed on tv, period! And that Quest guy, he is like the most shady appearing person ever. Why can he get a career doing finance journalism? Absolutely insane world!

    • @brianmcg321
      @brianmcg321 Před rokem +5

      Cramer doesn’t know anything.

    • @nadamasdisponible
      @nadamasdisponible Před rokem

      He made some pretty stark warnings back then about the market in general, including literally telling people to sell everything if they couldnt take multiple years of pain. The Bear Stearns comment is a nothingburger.

    • @lashlarue7924
      @lashlarue7924 Před rokem

      Yeah well I mean come on, Cramer's a talking head who gets paid to entertain by bloviating and peddling bullshit; everything he says is only taken seriously by the dumbest money in the room. He also makes a LOT of calls, so cherry picking the bad ones is just confirmation bias, which I daresay is even dumber than Cramer himself.

    • @wonday2738
      @wonday2738 Před rokem

      Cramer was saying not to take your money out of the bank, he wasn't saying you should hold onto any Bear Stearns stock. HIs comment that they'll likely be taken over is evidence of this. Taking your money out of the bank is dumb when it's insured by FDIC. Banks runs don't help anyone. That said I personally don't like Cramer or his advice, but this time he wasn't wrong.

    • @lifeiswonderful22
      @lifeiswonderful22 Před rokem +13

      Stock advice shows always seemed like a scam to me. You make money in the stock market by being ahead of the curve, not by doing the same thing as everyone else.

  • @BryceChudomelka
    @BryceChudomelka Před 2 lety +243

    Pump the stock bois $ZILLA

  • @lambchop2x624
    @lambchop2x624 Před 2 lety +874

    I was 14 years old when the market took a huge crash 13-14 years ago. Had a teacher that swore to me that companies like AIG and GM were going to get bailed out by the government. I had almost $1000 saved and wanted to put half into AIG and half in GM when they were at roughly 40 cents each. Well my family told me I was wrong and not to waste my money. By time I would have gotten to college and needed to sell the stocks, I would have owned roughly 2000 shares that would have been worth well over $200,000.. Still hurts to this day. edit: my math was a bit off shares did get to $60 range 5 years later though. GM did end up restructuring so I would have lost a percentage of shares not sure about AIG. Without restructuring I would have 100x minimum moral of the story. I’m being corrected in comments so wanted to clear that up lol.

    • @pmorton7960
      @pmorton7960 Před 2 lety +137

      GM got bailed out, however they also "restructured" and basically nulled all the original GM stock, and rolled it into another listing called GM about a year later. I watched the $1500 I had in GM just dissappear, and a "new" GM pop up the next year at 3x the value of the old GM (from $10 to about $32). Shady shady business....

    • @rufus5208
      @rufus5208 Před 2 lety +10

      Your family are a bunch of FUDers

    • @lambchop2x624
      @lambchop2x624 Před 2 lety +18

      @@yeoooo oh yeah 100% agree with you. Having that type of thought process and learning how to take Ls on the chin at a young age has helped me tremendously in life and business. I had a very successful medical consulting company 3 years ago that unfortunately came to a halt due to quarantine because of the specific ventures of my business at the time. The lessons helped me make a pretty good amount of money in crypto during those years as well. Last few years I have spent battling back, but I know I can get to where I was and beyond .. We all can with a little determination and creativity.

    • @lambchop2x624
      @lambchop2x624 Před 2 lety +13

      @@pmorton7960 wow yeah I had money in a medical company that did the same 3-4 years ago. I sold before it happened but they popped back up around 3x value too. There’s a lot of dirty play that goes on that we will never fully know all the details and truth of.

    • @god4943
      @god4943 Před 2 lety +18

      @@rufus5208 hindsight is 20/20
      U can’t judge their decision based on what happened u can only judge with the information they had at the time

  • @moonrakerone
    @moonrakerone Před rokem +57

    By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s. -Nobel Prize winning economist Paul Krugman

    • @theecharmingbilly
      @theecharmingbilly Před rokem +2

      Krugman is definitely one of those guys who loves getting high on farts.

    • @WolfangBlues
      @WolfangBlues Před rokem

      This is why I'm trying to shift to a science related career

  • @stupidbro2301
    @stupidbro2301 Před 2 lety +78

    To be fair, everyone in investing is often wrong, Hedge funds, banks, Warren Buffet. You are good trader if you are right in more cases that you are wrong.

    • @tenderjerky3504
      @tenderjerky3504 Před 2 lety +3

      That's true, you can definitely have significant advantages over a regular person if you commit yourself to the world of stocks but at the end of the day the stock market is extremely volatile since by the very nature of it your betting on entropy, just hoping to be at the start of the cycle if that makes any sense at all

    • @Wrex327
      @Wrex327 Před 2 lety +3

      Well, thats how venture capital works, probably they are wrong about most of their choices, but when they are right, they are right big, which brings them a lot of profit.

    • @0daadaadaa0
      @0daadaadaa0 Před 2 lety +1

      The not-so-secret secret is the moment you find out you're wrong in investing on something - you get out as fast as you can so you're not holding the bag of crap; minimize your losses.

    • @bobbygetsbanned6049
      @bobbygetsbanned6049 Před 2 lety +2

      @@0daadaadaa0 That is absolutely not even remotely close to a or the secret lmao. The real secret is their is NO SECRET. In the end trading loses you money so diversify your investments and pay as little fees as possible because every "guru" is a scammer making their money off fees.

    • @ekki1993
      @ekki1993 Před rokem

      You can be right in less cases than you are right and still make money. It all depends on what's your trading strategy. The takeaway is knowing that there isn't a secret to moneymaking in stocks. It's a competition and you'll always have someone smarter than you on the other side.

  • @maurreese
    @maurreese Před 2 lety +42

    How Jim Cramer still has credibility is beyond me! Look at what he told people about invest in DiDi and Chinese stocks before DiDi was delisted.

  • @WinterReflections
    @WinterReflections Před 2 lety +86

    People who are too emotionally (and financially) invested in cryptos need to see this. They need to be reminded that history repeats itself, major bubbles arise in commodities/investments and then major crashes happen. The people who constantly plug their ears and scream "you're just spreading FUD, Ignore the FUD" are going to face a painful reality check sooner or later.

    • @mikatu
      @mikatu Před 2 lety +3

      Crypto is not a bubble, it is the pin!!

    • @nitrosrt4
      @nitrosrt4 Před 2 lety +2

      crypto and stocks are highly correlated, good luck with your stocks

    • @_Ekaros
      @_Ekaros Před 2 lety +6

      Also in general with some of the "tech" stocks like Uber, Tesla and their ilk. Google, Apple, Microsoft, Amazon are printing money so they aren't as insane... But if you are investing in something massively overpriced and even generally unprofitable be ready to lose the money...

    • @rajeshpandey2198
      @rajeshpandey2198 Před 2 lety +2

      yeah we've already had the bubble burst 3 times now
      just all like all bubbles good things will come out of them

    • @princesssprinklesthecat4192
      @princesssprinklesthecat4192 Před 2 lety

      Fud like cat fud

  • @4evertrue830
    @4evertrue830 Před 2 lety +327

    Interesting analysis by those who called themselves experts but failed terribly predicting truth over the years. Crammer's Boeing debacle advice to equity holders not to sell their shares after two B737 Max crash 3yrs ago should also have been included here. The company's shares fell like a stone afterwards.

    • @totem559
      @totem559 Před 2 lety +39

      *Fell like their planes

    • @thekyleprojekt7996
      @thekyleprojekt7996 Před 2 lety +4

      @@totem559 savage

    • @bobbygetsbanned6049
      @bobbygetsbanned6049 Před 2 lety +1

      Well, telling people to sell is a bad idea. There's always some reason to assume a stock will go down and over the long run you will guess wrong more often than right which will cost you money. It's easy to look back at BA and say people should have sold but they still had a stellar reputation back then. It was an epic disaster on their part though, so not a terrible time to take the risk of selling either.

    • @abacab87
      @abacab87 Před rokem

      The stupid thing is buying individual stocks. Mutual funds is the way to go.

  • @Ettrix
    @Ettrix Před 2 lety +53

    Jim Cramer deserves a 10 ... It was a highly specific call, with a direct call to action (don't pull out) ... where as some of the others the guy rated higher, were more general pieces of advice.

    • @Free4KStockFootage
      @Free4KStockFootage Před rokem

      Cramer deliberately misleads, someone has to hold the bag right? He has insider knowledge and is likely paid by institutions to give the wrong advice. He's actually evil lmao.

  • @JackDuffley
    @JackDuffley Před 2 lety +88

    Jim Cramer strikes me as more of a reflection of general market sentiment than anything else. Same with most mass media outlets I suppose.

    • @harrychufan
      @harrychufan Před 2 lety +3

      The average of all market participants is general market sentiment, VTI, VXUS ftw

    • @Cyberspine
      @Cyberspine Před 2 lety +5

      So when he is excited, sell, and when he is fearful, buy?

    • @Lawofimprobability
      @Lawofimprobability Před 2 lety +3

      He never struck me as a smart man, rather his delays in responding to information is good judge of what is gradually trickling into the general awareness. Consider his awkward coverage of Elizabeth Holmes and Theranos.

    • @Andy-mg9nw
      @Andy-mg9nw Před 2 lety +14

      Jim Cramer is basically the human embodiment of the fear and greed index

  • @adamarket
    @adamarket Před 2 lety +40

    Every time I act upon some advice from the "talking heads" class I find myself on the wrong side of a trade. I've come to trust my own judgment which is sometimes tougher than you think. When everybody is running one way, I start walking the other way.

    • @MrTrigz
      @MrTrigz Před 2 lety

      Naturally over time

    • @CC-tl3zs
      @CC-tl3zs Před 2 lety +5

      Or just invert whatever they do and lose all your money in two weeks instead of one

  • @anthonyharris8547
    @anthonyharris8547 Před rokem +38

    The most amazing thing about all of these is the one with Cassano (AIG guy) That statement was given on August 9th 2007. Anyone who has studied financial history knows that is THE DAY that everything really started to unravel. That was the worse call out of all of these. Like your standing in a burning building and putting a second layer of clothing because your cold.

  • @stephen-finance
    @stephen-finance Před 2 lety +61

    We need to get you some red and yellow cards to really commit! I hope you make this into a series! It's golden

  • @mrthewhite2620
    @mrthewhite2620 Před rokem +24

    If someone on TV tells you to buy, or not sell a stock odds are it's cause they're selling it, if they tell you to sell or not buy a stock odds are it's cause they're buying it. It's not so much these guys were wrong or dumb in these instances, they were just lying to enrich themselves.

  • @ebitdareadthebook1535
    @ebitdareadthebook1535 Před 2 lety +37

    My dad worked with Cramer in the industry. He told me that they all still joke with him about this, and it is the one thing that Jim has never let down. It doesn't get worse than that haha

  • @aloure
    @aloure Před 2 lety +174

    5 months watching (“save the kids”was the first video I encountered this channel) watching the videos are really worth it, really love watching this kind of content. Keep it up $ZILLA.

  • @alexacarrillo4339
    @alexacarrillo4339 Před rokem +12

    I remember Suze Orman telling a woman to not help her 80+ yr old parents be more conservative with their retirement because it was doing well. I knew she was wrong and the crash happened almost immediately after. It stuck in my mind and now that my parents are older I think of it often.

  • @JimiArchive
    @JimiArchive Před 2 lety +160

    coffee be blessing with these uploads

  • @douglasrobinson8491
    @douglasrobinson8491 Před 2 lety +13

    Love the vids that bring in other guys... this is how i discover other content creators and it always adds something unique to the show

  • @notcoleman711
    @notcoleman711 Před rokem +10

    man....i'm not even into all the financial sh*t, your journalism and reporting is soo good i just get hooked on them all

  • @smokepotion6981
    @smokepotion6981 Před 2 lety +121

    I didn't realize how many market crashes we've had in my lifetime. Way to bring the seasonal depression!

    • @rPear
      @rPear Před 2 lety +19

      How many buying opportunities*

    • @Katharina-rp7iq
      @Katharina-rp7iq Před 2 lety +4

      And then there's the ones that could have been a big crisis but simply slowly dropped back down to normal levels from bubble levels because the attention of idiots and players turned to other things like currency speculation and stuff like that. Currencies, futures and fashionable stocks have always been dangerous, so if you wanna buy stocks and not speculate buy stable stocks with decent earnings that don't show up in the big news.

    • @bobbygetsbanned6049
      @bobbygetsbanned6049 Před 2 lety +1

      Every market crash is an amazing buying opportunity, bring on the seasonal joy!
      Unfortunately this slump might be a long one, Bideflation is a bitch.

    • @alexforce9
      @alexforce9 Před 2 lety

      The problem is not the crash - the crash is just the market regulating itself. The bubble is the real problem.

    • @acomatosemob
      @acomatosemob Před rokem

      If it makes you feel better, if the market crashes too hard our govt will just bail the industries out without any consequences! Yay!

  • @claradidi7573
    @claradidi7573 Před 2 lety +232

    What's the best Gem coin to buy right Now?

  • @mystermobius6528
    @mystermobius6528 Před 2 lety +16

    This should be a reoccurring segment. Very entertaining. Great job gents!!

  • @BlastinRope
    @BlastinRope Před 2 lety +33

    aged dairy is a billion dollar market

  • @jieluntan2144
    @jieluntan2144 Před 2 lety +15

    You two should make a playlist named Coffee Meet Bagel

  • @aron5377
    @aron5377 Před 2 lety +5

    Awesome having Richard on. One of youtube's greats

  • @elisam.r.9960
    @elisam.r.9960 Před rokem +7

    Re: housing
    The housing warnings had actually been around since late 2005. I remember hearing a couple real estate guys talking about housing problems in Miami back then. That time in college was definitely something else, but it did give me a heads up to be cautious. I'm glad I overheard them while eating dinner at the Cheesecake Factory.

    • @thehighllama8101
      @thehighllama8101 Před rokem +2

      Yes. I was going to college at the time. I had a friend, a fellow college student, who worked at Countrywide Home Loans in Pasadena. I remember having a conversation with him in 2005, the year we both graduated, and we were talking about the housing boom. He was concerned; that's why, in part, he was going to college and considering a different career (he was in his early 30s at the time). The funny thing is, I remember telling him that I didn't see there being a housing bust. I mean, how could you go wrong with real property? In California, housing prices were only going up and the demand was always going to be there. I knew nothing about mortages or the housing market, obviously. My friend ultimately decided to quit Countrywide in 2005 and went on to go to law school, going on to become a prosecutor in AZ. Smart move.

  • @MrInsiipid
    @MrInsiipid Před 2 lety +26

    I understand nothing about the economy or making money like this, but I absolutely love these videos.

  • @GaryThanosHudson
    @GaryThanosHudson Před 2 lety +32

    I always do the opposite of what Cramer says.

    • @Mr-pn2eh
      @Mr-pn2eh Před 10 měsíci +1

      How did that work out?

  • @jennerb7059
    @jennerb7059 Před 2 lety

    I haven't seen many coffeezilla videos but this is deffinantly one video that I needed to watch!

  • @phildimuro150
    @phildimuro150 Před 2 lety

    LOVE Plain Bagel. So glad u got together to put an episode out

  • @youtubesucks8024
    @youtubesucks8024 Před rokem +16

    This episode hits different in December 2022

  • @BluetheRaccoon
    @BluetheRaccoon Před rokem +7

    With a name like "Coffin", why isn't he in the funeral industry? As a teenager, I was hired at a funeral home by a man- I kid you not- named Coffinbarger. I love when names suit beautifully, or completely oppose a person's job. When I was in basic training, one of my drill instructors was named Sgt. Rose and honestly, he was the most personable one there. Sgt. Fox was an example of perfectly suited name- he was small, and very fast.

  • @kurtilein3
    @kurtilein3 Před 2 lety +1

    Awesome video, these clips are pure comedy gold. I learned a lot from 4 good channels, and am applying it.

  • @Clenched.Cheeks
    @Clenched.Cheeks Před 5 měsíci +1

    Awesome to see this. You two are my favourite CZcams channels.

  • @darapgoat
    @darapgoat Před 2 lety +38

    (As a millionaire)

    • @ekysnoir
      @ekysnoir Před 2 lety +1

      I reply (as a millionaire) lol

    • @criscanto7040
      @criscanto7040 Před 2 lety

      😂😂Jajajaja(as a millionare)

    • @info_fox
      @info_fox Před 2 lety

      Is that dude in jail yet?

    • @criscanto7040
      @criscanto7040 Před 2 lety

      @@info_fox jajaja don’t know but it’s about time

  • @dccomicsmarvel5387
    @dccomicsmarvel5387 Před rokem +17

    This aged so well specialy the crypto part

  • @shankquentin292
    @shankquentin292 Před 2 lety +13

    It's good that Coffee is always here to remind us how mad the market can be..

  • @TiberianFiend
    @TiberianFiend Před rokem +9

    Update: Upstart has dropped 90% in value over the last year.

  • @NeverFearNew
    @NeverFearNew Před 2 lety +3

    The caller on mad money was asking about withdrawing their actual cash from their account, not selling shares in the company, hence the question being about the liquidity of the bank and the host telling them to not withdraw their money (as in a bank run). They were bought out which kept everyone's deposits safe.

  • @MetalheadJakeG
    @MetalheadJakeG Před 2 lety +102

    10:08 correction: Bear was actually bought out at $2/share, not $10

  • @tshirtandtie
    @tshirtandtie Před rokem

    @Coffeezilla, I watch your videos since a long time, but I can tell you: this is the absolute best title of any video you made so far! It made me laughed real hard!

  • @ethanwagner
    @ethanwagner Před 2 lety

    The rate that i am starting to take your suggestions is alarming. Plain Bagel: subscribed. You are startling effective my guy

  • @YEDxYED
    @YEDxYED Před 2 lety +8

    It’s so insane how far you’ve grown.
    Been here since 50k

  • @CSpottsGaming
    @CSpottsGaming Před 2 lety +3

    The Tether thing is even more ridiculous because it shows a clear lack of understanding of what the World Bank and IMF even do. Neither organization can print money because that's not their job. They don't control the dollar, the euro, or any other individual currency. There *might* be an argument against the printing of money (although even that is tenuous at best) but literally zero of that argument can be aimed at the World Bank and the IMF.

  • @sladesigoii5983
    @sladesigoii5983 Před 2 lety +1

    Love both of these guys it's great to see them collaborate

  • @psixi2668
    @psixi2668 Před 2 lety +2

    Richard Coffin is an awesome guest, it's so cool to hear insight from someone with expertise on the topic

  • @snach1983
    @snach1983 Před 2 lety +27

    Please do more like this!!!we need more folks calling out the crap!!!

  • @fun_and_profit
    @fun_and_profit Před rokem +3

    Upstart was $392 when he recommended it. Under $25 as of 9/13/2022. Nailed it!

  • @jlshaw11
    @jlshaw11 Před 2 lety

    Great combo!

  • @danielhansen9614
    @danielhansen9614 Před 6 měsíci +2

    “If someone claims to be able to predict the stock market, they’re either lying or they don’t know what they’re talking about”

  • @Investing_With_Andrew
    @Investing_With_Andrew Před 2 lety +13

    Jim Cramer is a financial entertainer at this point

  • @karan_uppal
    @karan_uppal Před 2 lety +38

    We need a fund that does exactly the opposite of Cramers recommendations, it would go to the moon 🚀

    • @tdotsmooth
      @tdotsmooth Před 2 lety +1

      Yeah my buddies and I joke about how wrong he is how consistently

    • @adamsfusion
      @adamsfusion Před 2 lety +1

      The Anti-Jim index. I'm in.

    • @ShadowRulah
      @ShadowRulah Před rokem +1

      @@tdotsmooth Being consistently wrong is just as hard and unlikely as being consistently right. If you could consistently get it wrong you would be an amazing investor because you could just bet against your instincts. Jim Cramer being consistently wrong only makes sense if he has insider information and used his show to manipulate stock prices which I would never accuse him of.

  • @Dynamic0NE
    @Dynamic0NE Před 2 lety

    Great video. Your guest was super smart which is dope. Keep up the good work!

  • @DanielGonzalez-br9tk
    @DanielGonzalez-br9tk Před 2 lety

    The collab we needed!

  • @I_am_Soulfix
    @I_am_Soulfix Před rokem +3

    I never stop and comment, but I should... coffee, you're super binge-able, and you finalllllllly stopped fake-laughing as much in your new videos. Which is good. Top 10 CZcamsrs all time. Coffeezilla!

  • @JustinScottInvesting
    @JustinScottInvesting Před 2 lety +9

    Yikes, that first one hurt. As a youtuber who covers stocks, understanding what a comapny does is the first thing I do.

    • @jfarrar19
      @jfarrar19 Před 6 měsíci

      Was it Warren Buffet who said only invest in things you understand?

  • @ramyar_abdullah
    @ramyar_abdullah Před 2 lety

    Ngl I'm enjoying these more casual videos. We get to see more of coffee and it's a nice change between the heavy investigations

  • @edzero
    @edzero Před 2 lety

    Great colab love both channels 👏

  • @MsCravenMoorehead
    @MsCravenMoorehead Před 2 lety +7

    I love the ones who provide numbers. Because you must absolutely know the specific Delta of change from a specific point in time.

  • @djrednitro4116
    @djrednitro4116 Před 2 lety +3

    Tether is also printing coins without having cash behind

    • @Chironex_Fleckeri
      @Chironex_Fleckeri Před rokem

      Not just cash, but tangible and intangible non-cash assets underlying...
      That is the main idea behind corp bonds and equity securities. Buy stock in a mining company? You now own a piece of all the stuff on their balance sheet, roughly speaking. You own something that is tied to an enterprise that is generating economic activity.
      That's why crypto is such a joke.

  • @donaldfraser2431
    @donaldfraser2431 Před 2 lety

    This was a really done show, Very nice Coffeezilla and Richard

  • @drugzarebad
    @drugzarebad Před 2 lety +1

    @coffeezilla you gotta make a bitboi video with his predictions from 2021, that's just pure gold. a few quick searches will get you to some reddit threads and a video where he loses a bunch of money live

  • @JohnWatkinsUK
    @JohnWatkinsUK Před rokem +4

    I bet Coffee's wife was just over the moon that he bought that whistle.

  • @diegorivera6500
    @diegorivera6500 Před 2 lety +28

    what actually the guy was right, the tech stock was not a fad, some of them still are around our days, microsoft, apple, amazon etc etc. I wish I could have bought those stocks in that market correction.

    • @LeMAD22
      @LeMAD22 Před 2 lety +23

      But a large majority of these died in that market correction

    • @volundrfrey896
      @volundrfrey896 Před 2 lety +13

      Microsoft and apple wasn't dot-com companies. The dot-com fad was about companies operating completely online without any clear lines of revenues, albeit pretty much any tech company was inflated and took huge hits when the bubble finally burst. Perhaps not apple, they were heading towards bankruptcy throughout the bubble.

  • @M___875
    @M___875 Před 2 lety

    Crazy how fast coffees channel is growing

  • @jonasalves7492
    @jonasalves7492 Před rokem +3

    Coffezilla should run the SEC, the man is never wrong

    • @Yawarrior
      @Yawarrior Před rokem

      That's crazy, does a better job and is faster lol

  • @lfc-europe
    @lfc-europe Před 2 lety +6

    The inverse Cramer leveraged ETF. $CRAM
    NEVER WORK A DAY AGAIN IN YOUR LIFE.

  • @graymars1097
    @graymars1097 Před 2 lety +4

    “ no mercy, I’m giving him 10/10” 👏 this is why I love you Coffeezilla

  • @Inzanti
    @Inzanti Před 2 lety

    Really enjoyed this!

  • @georgealex19
    @georgealex19 Před 2 lety

    Really enjoyed this one! 👏👏👏

  • @stevederp9801
    @stevederp9801 Před rokem +37

    If finance guys were actually able to give good advice. They would never allow them to be on TV

    • @seanhogan7552
      @seanhogan7552 Před rokem

      Ohhh Derp 🤦‍♂️🤦‍♂️

    • @micahengan8762
      @micahengan8762 Před rokem +5

      I think it’s more along the lines of ‘if finance guys were actually good investors they wouldn’t need to make money off of CZcams or selling investment advice’

  • @skye4591
    @skye4591 Před 2 lety +13

    jim even gives bad advice in movies. in ironman 2008 he told his viewers to "SELL SELL SELL" stark industries stock 😅 imagine selling stock you have in a company that later will go on to power a whole city grid with one clean power scorce, make nanotechnology that can do internal risk free surgeries and then the former ceo goes on to save the entire universe by sacrificing himself to bring half of all life back to life... yeah i dont see how selling stark industries stock was a good call... oof

  • @JJones-rz2ir
    @JJones-rz2ir Před 2 lety +1

    YAS. Love that the Plain Bagel is back to collab!

  • @numberletters3052
    @numberletters3052 Před 2 lety

    Great video and great work

  • @slidebean
    @slidebean Před 2 lety +4

    4:16 hey that's us!

  • @anteeko
    @anteeko Před 2 lety +21

    “in the world of crypto you cant print money out of fin air” while wearing a Tether shirt… The irony absolutly hilarious:))

    • @bisiriyutajudeen5728
      @bisiriyutajudeen5728 Před 2 lety +3

      Tether prints dollars not bitcoin. So he’s right.

    • @LimitlesSniper
      @LimitlesSniper Před 2 lety +1

      Can’t print Bitcoin that’s the beauty of it

    • @anteeko
      @anteeko Před 2 lety +1

      @@LimitlesSniper "Can’t print Bitcoin that’s the beauty of it"
      Actually you can.
      Just like they say you could not increase bitcoin capacity some years ago and then a clever dev found a way to do it.

    • @bisiriyutajudeen5728
      @bisiriyutajudeen5728 Před 2 lety

      @@anteeko Any attempts at trying to increase the supply cap results in a fork. Your response shows that you have no clue how it works. Soft forks like segwit and taproot are backwards compatible so they don't interfere with the base protocol layer.

    • @anteeko
      @anteeko Před 2 lety +2

      @@bisiriyutajudeen5728 Segwit and taproot interfere with the base protocol absolutely. they are new consensus rules.
      >Any attempts at trying to increase the supply cap results in a fork.
      Not if build as a soft fork.

  • @andrewmeyer1224
    @andrewmeyer1224 Před 2 lety

    Coffee and Richard?! This is a great morning.

  • @Reathety
    @Reathety Před 2 lety +8

    Jim Cramer has had a terrible performance this year and my guess is almost every year when compared to the indexes or a small child throwing darts at a list of stocks.

    • @ryost150
      @ryost150 Před 2 lety

      Agree 100%. See my post on Cramer above

  • @nachannachle2706
    @nachannachle2706 Před 2 lety +4

    Richard is 🥰.
    A great analyst and a humble human being. 🔥

  • @jacksonbloomington4911
    @jacksonbloomington4911 Před 2 lety +2

    Glad to see the plain bagel on here :D

  • @jtg2525
    @jtg2525 Před rokem +1

    Regarding the Jim Cramer call….there was some confusion about “selling” vs “taking your money out”. Unless you had more than $250k in there all your money was fdic insured

  • @Beboroni
    @Beboroni Před 2 lety +7

    I would love another episode with good calls sprinkled in.

  • @austinshoemaker1553
    @austinshoemaker1553 Před 2 lety +7

    Nothing like Coffee and Bagels.

  • @refilwemokoene2922
    @refilwemokoene2922 Před 2 lety +2

    Bagels and Coffee to start the day, how perfect.😊☕

  • @drago5819
    @drago5819 Před 2 lety +2

    We need a sequel!

  • @vive2899
    @vive2899 Před 2 lety +4

    Tether guy aged like fine milk