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Frankly, all I've learned here is that if I want a co-founder in 2022, I should find a YouTuber. IMO building tools for individual stock picking is not the way
by mettamage 5y ago
Frankly, all I've learned here is that if I want a co-founder in 2022, I should find a YouTuber.
IMO building tools for individual stock picking is not the way to go. If you truly want to financially educate, I'd start with a MOOC explaining different perspectives. The reason for different perspectives is that I am also not a fan of the ETF only crowd. I guess some of them don't know what happened to Japan, who's to say that such a thing won't happen to the US? Hence, different perspectives are needed. Also, I feel that Benjamin [1] is showing a doing a good job in telling me in a funny way on what not to do.
You have a YouTuber as a co-founder, from an mission-driven perspective (financial education) I'd consider stratifying your crowd to beginners and non-beginners. Non-beginners should be redirected to the YouTube channel (assuming your YouTube co-founder gives solid advice, which we'll see).
YouTubers that I believe that give solid advice:
- Patrick Boyle (amazing mindset, overarching view of markets that's it, no investing advice but I feel inspired to think like him)
- Benjamin (on what not to do)
- The Plain Bagel (rock solid ETF type of person, but also a market perspective like Patrick Boyle)
- Ben Felix (kinda like the Plain Bagel)
- Bogleheads is a good thing to Google :)
- New Money (he's in between this list and the next list. His own opinions are meh, the investors he follows such as Peter Lynch and the lessons he summarizes are awesome)
YouTubers that make seem to make sense but I'd advice to stay away from:
- Meet Kevin
- Stoic Finance (kinda like Patrick Boyle, except Boyle is way better IMO)
- Real Vision Finance
Note: these YouTubers clearly have their heart and mind in the right place. I simply don't think they give solid advice, but they aren't scamming and also they don't give junk advice. The issue is that their advice is very very tricky and needs to be seen through a lense of an experienced investor.
Bad:
- Andrei Jikh (fun content but the good advice that he gives are better stated by the channels that are actually good)
Utterly horrible:
- Anyone teaching technical analysis without hard data and strong evidence, not just "yea but Wyckoff". No, if you can't at least show as much evidence as the book The Intelligent Investor, then you have no business in teaching TA (and this is a very mild criterion, too mild maybe). Also while giving that evidence, it needs to be contrasted to actual quantitative methods (a less mild criterion).
- Anyone telling you to buy crypto
- Anyone not at least attempting to show a full picture but immediately telling their story while heavily emphasizing you should use their system
[1] https://www.youtube.com/channel/UCkcnYVAVZQOB-nXHechtXDg/videos https://www.youtube.com/channel/UCkcnYVAVZQOB-nXHechtXDg/vid...
- throwaway_1928 5y agoAgree with you on Boyle and Bagel being good and Jikh being bad. Strongly disagree with you on Meet Kevin. He's on my bad list. Just my opinion.
- mettamage 5y agoIn terms of educating people on finance, I feel it's much better to say that Meet Kevin is utter trash than it to say to distrust Patrick Boyle. In fact, I'd even go so far that it's better to say anything is trash and keep: Bogleheads Ben Felix Plain Bagel Patrick Boyle
- hippofluff 5y ago> Frankly, all I've learned here is that if I want a co-founder in 2022, I should find a YouTuber. Honestly... fair, it was pretty story heavy. I also agree though, Youtubers have existing audiences and communities that you can solve problems around. I am curious if you have an opinion on Daniel Pronks channel? It seems we value the same things, getting information in a way that isn't opinionated, but rather something like: "hey, here's what I think and here's why, here's where I could be wrong, what do you all think of this? Lets talk about different opinions in the comments, etc". I find Daniel Pronk is the best (just my opinion of course)
- mettamage 5y ago> I am curious if you have an opinion on Daniel Pronks channel? In the coming months I'll have an opinion about him. I haven't watched enough of his videos. It's tough to distinguish "stay away from" versus "good", since both categories seem to be well intentioned.