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    There are plenty of scams out there, especially in the world of investing – today we go over 5 of them so you can better avoid them in the future.

    Intro Music: https://www.bensound.com/royalty-free-music

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    DISCLAIMER:
    This channel is for education purposes only and is not affiliated with any financial institution, although Richard does work as an employee for an investment manager. Richard Coffin is not registered to provide investment advice and as such does not provide recommendations on The Plain Bagel – those looking for investment advice should seek out a registered professional. Richard is not responsible for investment actions taken by viewers.

    28 Comments

    1. The irony is that the ad prior to this video, was literally a guy claiming to have (for the purpose of a bet) gotten $1'000'000 by creating a business in 90 days with a starting capital of just $100.
      Of course he's selling a book to share his "expertise"… 🙄

    2. If one doesn't have the time to research and watch stock market and learn all the INs and OUTs then have an opportunity to make money thru direct stock investment. However, the only time I lost money over long term was dealing with broker-dealers, financial advisors….. from even high rated financial companies. Over long term it looks like making money because one didn't maintain a ledger from a 30+ year long term investment and gains and losses happen over long term and usually folks forget the initial investment and really didn't make much at all in the end. Might as well kept in the mattress. Done with the financial advisors and many folks get sucked into these at a young age. It's not a scam it's manipulation in my opinion.

    3. Richard is not liable for people not being able to turn 4 cents into one million dollars. It's highly probable you'll lose money on this program… That's on you….🤣…1.11

    4. The Pyramid Scheme: Man, that reminded me of my days back in Amway. That shit burned a big hole in my pocket. RIP the thousands of dollars I threw away on useless books, tapes & seminars to learn how to get others to buy a tube of tooth paste and a bottle of shampoo 😞😞😞.

    5. The latest thing I have seen is people telling you, don't give me money now, I will show you how to trade on whatever platform and you give me 10% of your earnings. What they are actually doing is selling you the membership to the platform since they get commission and then if by luck you make some profit, they collect the 10% too.

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