Influencer Marketing is Ruining the Investment Industry

Here’s why I genuinely believe influencer marketing has no place in the world of investments.

If you’d like to support the channel, you can do so at 🙂

This channel is for education purposes only and does not constitute financial advice – Richard is not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance (while Richard is a registered portfolio manager at WDS Investment Management, he does not provide advice through The Plain Bagel, which is not affiliated with his employer).

Written by The Plain Bagel


Leave a Reply
  1. Kind of like a pharmaceutical CEO and celebrities telling you to use a particular product for your health….

    Capitalism is broken when feedback loops are overridden by marketing and direct manipulation algorithms. No pricing mechanism exists in the Information Age for costing of bad information.

  2. Oh dear, you've fallen into the trap of expecting people who follow influencers (read "blind led by the blind") to learn. They already failed high school, and they were being spoonfed then! People follow influencers because they're too lazy to study.

  3. Kim is your trusted friend…Kim is your trusted friend…Listen to Kim do what Kim says…Do what Kim says…Kim knows best…Do what Kim says….Do it now… Kim is your trusted friend…Kim is

  4. I agree you should be responsible for your own financial choices, however, influencers absolutely give influence to that. So responsibility really should fall on them as well. But maybe I don't know 60% personal 40% influencer. I don't know something along those lines. But beyond that, yeah good video

  5. Anyone else feel like funding a "cease and desist" or an expose on that idiot Greg Secker (or whatever he is called) ?

    Every Youtube advert, every in app game advert, we see that idiot is selling a dream of "Get Rich Quick"

    I'd happily contribute towards it to stop him saying "Trading" and replace with the word "gamble"

  6. My thoughts on the issue – its a two sided problem. On the one hand, you have a public education system which abysmally fails at teaching the core concepts of personal finance which creates a skills gap that people in the digital age seek to fill. The other hand is unqualified and inexperienced social media "influencers" who exploit the reach of decentralized platforms to grift, scam and spread misinformation to make a quick buck riding a trend. The two problems meet and create the current crop of problems with speculative cryptocurrency scams, online trading courses and people making money sharing information that is literally open source/common sense. To the fix the problem, it must start with the root cause which means education in personal finance at school age with a specific focus on critical thinking (i.e. question everything and do your own homework) rather than a band aid over the symptom (trying to regulate "finfluencers" and online trading platforms).

  7. Unfortunately many people who get scammed can are those who are not well off, but perhaps a lawyer in the future may decide to get a class action going when people of significant influence lead their audience into a speculation without disclaimer as to the risks involved.

    looks at Matt Damon for no reason in particular

  8. Stupid people probably won't listen to any advice you give them anyways. It's unfortunately just a phenomenon you should expect, esp. since there is more free money everywhere and so much volatility that's occurred over the past few months.

    Just follow the trends, see what people are doing, don't get involved. Predict the government's reactions, such as more/less rate hikes, increased SEC oversight; plan accordingly.

  9. The rich remain rich spending like the poor and investing non-stop, the poor remain poor spending like the rich but not investing like the rich, first got into crypto back in 2016 and I’ve been hodling/buying sats at different price points since. I've been through corrections before and will likely experience more over the future. Volatility is simply the price one needs to pay if they want to play. I don't have any Alts as I'm a bit of a BTC Maxi, but that said, if BTC hasn't died before, it surely won't do so now. Stick in there – yes we are all feeling the pain, but over the long run this will just be a blip. This is how I see past corrections when I felt that I got in at a high (back then I think it was less than $1000 and bouncing all over the place!). Now when I look back, all I see is regret for not having the courage in buying more at those times. But if you believe BTC has value, then by all means, buy these dips if you can afford to. For those who got in at 50 to 60K and feeling the crunch: hang in there. BTC is not a get rich quick scheme. Wait it out and you will see: you will come away stronger. I buy and just trade long term more than ever, I have made over 12` BTC with 3.1’ BTC in just 5wks from day trading with Expert Frederick Joseph in few weeks this is one of the best medium to backup your assets incase it goes bearish. You can reach Expert Frederick on his What’sapp 十𝟏𝟕𝟎𝟑𝟗𝟖𝟖𝟏𝟕𝟔𝟔

  10. Put in your twitter headline "if i post an ad, DO NOT SUPPORT IT" then take all that crooked money LOL
    and as someone who wants the downfall of influencer culture asap i think everybody who gets taken by these frauds deserves it; let the backlash begin…! people need to get off line and go outside

  11. Influencers are starting real estate private equity firms too. With the same fee structure of Wall Street hedge funds.

    So much for being a rebel against the establishment.

  12. Let them make their money. The investment game is filled with lies. From fake YouTubers, subreddits, forums & etc, who push bad stock picks to try to manupaliate the market. Ppl only care about celebs because they're jelly. Mr do gooder probably thinks fundamentals mean something in 2022 🤣 chill lad

  13. I don’t know who falls for this garbage tho… how is that even a thing? Are there really that many gullible people out there? To me it’s no different than Nigerian prince asking for money to unlocked his wealth.

  14. PEOPLE TRUST INFLUENCERS?!?!?! No wonder world is messed up. How can you possibly trust these idiots, I can’t even look at them. Zero critical thinking. Zero. Humanity is doomed.

  15. Richard, I watch a lot of your videos…and I just can’t imagine seeing you with a clip promoting some crypto stuff. You’re just too level headed for that kind of stuff. So watching you promoting crypto would just feel …unnatural… that being said, it would be pure comedy, you should totally do it for giggles.

  16. I think a related problem is the sheer amount of crypto companies (and I guess nft projects) that are everywhere. sports stadiums, athletes promoting crypto, crypto as major sponsors of professional video game players/teams/leagues giving it a lot of credibility and making people who don't know a lot about it thinking that it has to be something useful for them. even if you're initially skeptical seeing it everywhere has to be influential to people who don't know a lot of it. i think with influences its a bit more sketchy due to more confusion over whether its paid adertisements or not and its easier for more explicit scams to get through due to lack of diligence/ simply less money needed to pay an influencer as opposed to sponsor a major event.

Leave a Reply

Your email address will not be published.