The Growing Hatred For Finance Influencers

Recently, I've observed a gradual change in how people view finance influencers. What once served as a valuable educational resource now seems more like a platform that prioritizes views and affiliate marketing. This shift in perception is not unique to me; there is a growing online sentiment among followers who share this perspective. Why are people starting to think this way? What has led to this shift?

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[SwedishDuckey]

Graham Stephen has always been kinda sus and untrustworthy to me, dude has like a weird aura to him.

[Lazirus]

Graham Stephan lost me when it was revealed how much he underpaid his employees and when pressed on it, he boasted that he could easily find people that would just do the work for him for free. Complete lack of morals and integrity.

[averageprogrammingenjoyer]

Rule of thumb : If a youtuber is advertising something, don't touch it.

[MasonsTurtle]

I used to watch Graham and Andre when they were still new. Mostly to learn about index funds and real estate. Then when 2020 came, everything became doom and gloom. “The great wealth transfer is happening!” “The market is crashing!” “The recession is over!” “The recession is coming!”

[MedlifeCrisis]

It's remarkable how comparable this is to health influencers. I'm working on a script and there's almost a word for word passage as your point about how there is a finite amount of sensible, useful health advice, so health influencers quickly run out of content and have to pivot to the medical equivalent of get rich quick schemes or wellness-flavoured MLMs, or parasocially buying into the influencers' recommendations – instead of crypto, it's supplements. Finfluencers and medfluencers are all part of the grift machine that youtube and podcasts have turbocharged, slants on the self help trope that is predicated upon exploiting people who are feeling unhappy with their current circumstances

[chriztianhusher]

Youtube has turned into a place for scammers like a cyberpunk dystopia when an ad at every turn is right in your face. I miss youtube just being a place to just watch and discover

[lammyjammer]

Graham Stephan is an investor in Yotta. He definitely has more responsibility than just being a simple sponsored influencer for the brand.

[IbrahimDarCo]

sponsorships that finfluencers get are literally targeted towards a "get rich quick" audience, putting the influencers' interests at odds with those of their viewers.

[sirheisenberg]

I'm an aspiring trader who would rather learn from other traders' experience than investing in the market myself, in anticipation of the next bull run. What are your thoughts on copy trading as well? Do individuals actually earn a living? Just trying to get some reassurance. I want to have a healthy portfolio worth at least $850, 000. Reliable inputs please.

[samuelntim-addae]

It was the crypto boom that made me realize how many of these guys were shills. They were all asking people to invest in a known risky asset, then came out later to act surprised. Anyone with financial credentials knows not to ask random youtube followers to invest large sums of money in an unregulated asset.

[bsktballman]

The Money Guy Show; no sponsors, solid financial advice, no stock picking crap. Good stuff.

[MichaelCarrPilot]

Caleb Hammer has entered the "sponsorship" realm. He started with great advice but now it's all about the clickbait titles, how much drama the "screned guests" have and at last count, talked about NINE sponsors, on one video. He's becoming old news and only really gained traction from Graham.

[kortyEdna]

Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.

[lowwastehighmelanin]

Graham Stephen literally was promoting FTX. These jerks are literally giving illegal financial advice with no credentials while claiming it isn't. That's not ok

[sirnonapplicable]

How Money Works is one of my favorite channels. The man crushes my spirit on a weekly/ bi-weekly basis

[kortyEdna]

Considering the shaky economy, I'm keen to know best, how people split their pay, how much of it goes into savings, spendings or investments. I’d be retiring/working much less in 5 years, and sometimes earn up to $160K per year, but nothing to show for it yet.

[mmp]

Blocking Graham Stephen and Andrew Jikh from my YouTube suggestions in 2019 was one of my best financial moves 😂 like you said, learn the basics and do the boring middle and we will be good 👍

[Undergroundbattler]

I remember watching these guys years ago. That was before I got a degree in finance. Being around professors who genuinely knew about finance showed me that these guys were nobodies. At best the youtubers didn't know what they were talking about, and at worst they were purposely deceiving their audiences. Ever since graduating I don't even bother listening to finance youtubers. Their basic advice is fine, but when they start talking about crypto or stocks, I'd recommend anyone to ignore them. I don't care how smart they appear. Always remember the story of Long-Term Capital Management.

One youtuber I do like is Mark Meldrum. Has a PhD in finance, used to be a professor in Canada, and is just a straightforward guy. His weekly market updates are nice to watch. Also trains people for the CFA.

[raquetdude]

Nothing is truly “for free” it’s either gonna cost you eventually, cost you time or cost you ur data.

[ZalirVII]

That's why I stick to rap influencers who review rap albums such as Patrick Boyle